Page 565 - Finance News

Govt appoints Ashwani Bhatia as SBI MD, to continue till retirement

Bhatia will be the fourth managing director at the country's largest lender

Kamath panel races against time to meet Sept 6 deadline amid Covid-19

Senior bankers working closely with the committee said all panel members are on board and are actively participating in deliberations

SBI board approves proposal to raise Rs 8,931 crore via Basel III bonds

The bonds in the nature of debentures qualifying as tier 2 capital of the bank have face value of Rs 10 lakh

Lenders jittery over Mumbai International Airport's falling financials

After CRISIL downgrades company debt, bankers ask GVK group to come out with repayment plan

Avoid frequent ad hoc review of loan facility for businesses: RBI to banks

RBI said that an analysis of practices followed by the lenders has brought out certain supervisory concerns including frequent and repeated ad-hoc review of credit facilities instead of regular review

Cabinet secy-led panel interviews 8 candidates for RBI deputy guv's post

This vacancy for RBI deputy governor's post has been reserved for the central bank's internal candidate, who would look after key supervisory and regulatory functions at the Mint Road

Ashwani Bhatia appointed Managing Director of SBI up to May 2022

Bhatia is at present working as the Deputy Managing Director in SBI

Bank moratorium was a temporary solution: RBI governor Shaktikanta Das

On rate cuts, governor says RBI will intervene when needed

YES Bank signs agreement with White Oak to sell stake in MF arm

Private bank's mutual fund business was rudderless for while with uncertainty over bank's former leadership

FIDC seeks NBFCs' exemption from restriction on opening of current accounts

The Finance Industry Development Council, an industry body of NBFCs, has urged the Reserve Bank of India to exempt NBFCs from the restriction imposed on opening of current accounts by banks

FIDC seeks parity for gold loan NBFCs with banks on loan-to-value ratio

By limiting applicability to banks, a vulnerable section of the population is punished by exclusion, the Council says

Kamath committee recommendations will be out by September 6: RBI Governor

The committee on business loan resolution would submit its recommendations within one month and the central bank will soon release its final guidelines on the issue

PSBs to need Rs 2.1 trn over next 2 yrs; govt support to continue: Moody's

According to Moody''s, the sharp slowdown in India''s economic growth, exacerbated by the virus outbreak, will hurt the asset quality of public sector banks (PSBs) and drive up credit costs

Indian PSBs face fresh capital shortages as coronavirus bites: Moody's

Uncertainty surrounding India's economic recovery and the ongoing clean-up of balance sheets are making it difficult for banks to raise equity capital from markets, it says

Rs 1.5 trillion sanctioned by banks under MSME lending scheme so far

As much as Rs 3 trillion was promised to be lent under the scheme, fully guaranteed by the government

RBI governor for judicious use of monetary action in future: MPC minutes

After a three-day brainstorming earlier this month, all the six members of the Das-headed Monetary Policy Committee (MPC) had opted for a status quo and left interest rates unchanged

Rising inflation may constrain monetary policy committee: Meeting minutes

Despite the dovish tone, the minutes suggest the bank sees little room for rate cuts in the current environment

Banks sanction over Rs 1 trillion concessional loans to KCC holders

The Finance Ministry said banks have sanctioned over Rs 1 trillion concessional loans to Kisan Credit Card (KCC) holders to help farmers meet financial requirements during the COVID-19 crisis.

'Bottom of the pyramid' prove to be the best customers for SFBs

At Business Standard's 'Unlock BFSI 2.0,' top SFB chiefs seemed very comfortable even when over 90% of their loan books froze into moratorium in March; By July, moratorium loans halved for most

Banks may restructure Rs 8.4 tn loans as economy sputters: India Ratings

A high proportion of the debt from the real estate, airlines, hotels and other consumer discretionary sectors is likely to be restructured