Page 575 - Finance News

Why don't PSBs invoke personal guarantees? SC questions govt on bad loans

Plea in SC claimed around Rs 1,900 crore are lost every day due to PSBs not invoking personal guarantees of big corporate loan defaulters.

Bankers divided on extending moratorium, fear potential spike in bad loans

Without regulatory intervention, slippages could surge 300 bps

Plea to release Rs 5L to PMC bank depositors; HC seeks Centre, RBI stand

PMC Bank has been put under restrictions by the RBI, following the unearthing of a Rs 4,355-crore scam

Why don't PSBs invoke personal guarantees of promoters: SC on bad loans

Top court asks Finance Ministry to look into plea that claims a loss of hundreds of crore every day due to loan defaults

Govt likely to reduce number of PSU banks to just five, says report

The government official said that such a plan would be laid out in a new privatisation proposal the government is currently formulating, and this would be put before the cabinet for approval

SBI Cards posts 1% drop in Q1 PBT at Rs 528 cr, net profit rises 13.8%

Spend per card fell sharply to Rs 72,000 in QFY21

Crisis-hit IL&FS lays road map to cut 57% of Rs 99,000 crore debt

By March, Rs 50,500 cr debt to be pared; resolution for Rs 6,650 cr to continue beyond FY21

IL&FS expects to address over Rs 50,000 cr of its debt by March 2021

The group has shared its estimates of debt to be addressed over the next three quarters

MFIs in India should be allowed to accept deposits from public: Yunus

Nobel laureate Muhammad Yunus said that micro-finance institutions (MFIs) in India should be allowed to accept deposits from the public

Demand for currency could rise despite digitisation, says RBI study

Analysts are predicting that the nominal GDP growth rate could be negative in the present financial year, but that doesn't mean that the currency in circulation would fall

Preferred successor internal candidate, has spent 25 yrs at HDFC Bank: Puri

Seeking to assuage concerns on training and business understanding, he also said the candidate has "learnt very well".

Aditya Puri highest paid banker for FY20 with Rs 18.92 cr in remuneration

The banker, who is set to retire in this October on turning 70, had earned Rs 42.20 crore by exercising stock options in 2018-19

Bank employee unions demand 5-day working week to lessen Covid-19 exposure

The association noted that while whole world is carving for four-day working, the country is still looking for a way to opt for five-days banking.

HDFC Bank net profit up 20% in April-June, provisions increase by 49%

The bank's net revenue grows 8% from Rs 18,264.5 in the same quarter last year to Rs 19,740.7 crore

Indian Bank to focus on consolidation and profitability, says MD & CEO

The amalgamation of Allahabad Bank into Indian Bank has placed Indian Bank as the seventh-largest bank in India

YES Bank FPO sails through; subscription crosses the mandatory 90% level

The FPO generated bids for 8.5 billion shares, 93% of the 9.1 billion on offer, the data provided by the stock exchanges at 6 pm showed

PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month

Federal Bank gets RBI nod to reappoint Shyam Srinivasan as MD, CEO

Federal Bank on Friday said it has received the Reserve Bank of India's approval for the reappointment of Shyam Srinivasan as Managing Director and Chief Executive Officer till September 22, 2021

Access to funds still a challenge for small, mid-sized NBFCs: FIDC

To address the liquidity challenges faced by NBFCs, HFCs and MFIs, the government had announced a special liquidity scheme of Rs 30,000 crore

RBI draft governance code undermines bank chief executive officers: IBA

Says move to make board executive in nature will not fly; some independent directors expected to move on