Page 580 - Finance News

Bank credit grows 6.18% to Rs 102.5 trn, deposits up 11%: RBI data

In the fortnight ended June 21, 2019, bank credit had stood at Rs 96.48 trillion and deposits at Rs 124.92 trillion

Clermont Group likely to join Clix Capital in Lakshmi Vilas Bank deal

PE firm may infuse $150-200 million for up to 20% stake in bank before merger

SBI Cap to float special purpose vehicle for NBFC debt purchase, says RBI

The government, on May 21, had said it will support creating a SPV that will buy such papers from NBFCs

Deal making is sometime away: Equirus Capital Founder & MD Ajay Garg

'PEs' interest in NBFCs will depend on book value determination. Until that process gets over, you will be circling around,' he said

RBI's draft code on governance: Another attempt at passing the buck?

The RBI's draft code on governance is seen as being out of kilter even though well-intentioned, reports Raghu Mohan

RBI to gain regulatory control over co-operative banks in a phased manner

For now, the new Ordinance has been made effective from June 29 to cover multi-state co-operative banks, others will be covered at a later date

A perilous journey ahead for NBFCs: Cheaper funds, slipping credit profile

Recent measures by govt and RBI will help those issuing bonds. But the need is to cover term loans also, says chief of NBFC lobby group

Prospective investors indicate appetite for YES Bank FPO at discount

Ready to invest at Rs 12-15 per share, a 50 per cent discount to current market price

NBFCs' bad loans may worsen to 5-7% this fiscal due to weak economy: Icra

The lockdown has significantly impacted the cash flow position of NBFCs' borrowers

Indian banks may face asset quality, earning pressure for 2 years: Fitch

Indian banks are likely to require at least $15 billion in fresh capital to meet a 10 per cent weighted-average common equity tier-1 ratio under a moderate stress scenario

Govt approves scheme to improve liquidity position of NBFCs, says RBI

Under the scheme, eligible non-bank lenders will be provided short-term liquidity through a special purpose vehicle set up by the SBICAP securities

NPAs in shadow banking sector may touch 5-7% by March 2021, says Icra

NBFCs likely to face heightened pressure with NPAs touching 7-9.5%; HFCs will be better off with NPAs expected to touch 3.4-4.8%

CBDT exempts YES Bank investors under reconstruction scheme from income tax

Also exempts shareholders in companies such as IL&FS pursuant to NCLT order, those whose land is being regularised in Delhi

Covid-19 crisis: Banking credit shrinks 1.7% in May as lockdown bites

According to Reserve Bank of India (RBI) data, gross bank credit was down to Rs 91.08 trillion in May, from Rs 92.63 trillion in March.

Rupee depreciation to help boost Indian farm, textile and jewellery exports

However, the country could lose the currency edge if the monetary units of its competitors also decline, as in the case of Brazil, Indonesia and Turkey

Covid-19 pandemic may set back banks' recovery by years, says S&P

It also expects non-performing assets (NPAs) to hit a fresh high this year.

Mamata urges PM to withdraw RBI's supervisory role over state co-op banks

The RBI was thus far overseeing the banks' capital adequacy, risk control and lending norms, while management responsibilities were entrusted to the Registrar of Cooperative Societies of the state

Banks sanction over Rs 1 trn in loans to 300,000 MSMEs under credit scheme

The scheme is the biggest fiscal component of the Rs 20-trillion 'Aatmanirbhar Bharat Abhiyan' package

After Fairfax investment and listing, CSB Bank eyes business expansion

While many banks are still struggling with cost overruns and missed deadlines, resulting cost reduction pressures, CSB is employing solutions for regaining profitability at a post-crisis level

HDFC Bank plans to raise Rs 50,000 crore through AT1, infra bonds

The bank has sought shareholders' approval to issue unsecured perpetual debt instruments (part of AT1 capital), and tier-II capital bonds.