Page 595 - Finance News

India may need to pump Rs 1.5 trn into coronavirus-hit state banks: Report

"The situation is very grim," the source said, adding that banks would require fresh funds soon

SBI extends term loan EMI moratorium by 3 months as coronavirus 'respite''

The state-owner lender said it had contacted loan customers to obtain their consent to stop their Standing Instructions

10-15% moderation in salaries not to impact lending practice: HDFC Bank

If the corporates are looking at moderation in salaries or in the increments, the same needs to be watched carefully from a prudential perspective, said the bank's country head for retail lending

Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI

RBI has directed the banks to link floating rates on housing loans to external benchmarks

Kotak launches $1 bn QIP, will issue 65 mn new shares for Rs 1,147.75 each

The bank has the discretion to offer up to 5% discount on floor price to investors participating in the QIP programme

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

ATMs to become virtual bank branches, accept deposits with instant credit

Close to 14.6 per cent (or 35,000) of the 240,000 ATMs in India are new-age recyclers, even though they have been around for only 3 years on the local landscape.

IDFC First Bank seniors to forgo 65% of bonus amid Covid-19 crisis

V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

Bank of Maharashtra sanctioned Rs 2,789 cr in loans to MSMEs in 3 months

The bank said it was now gearing up to extend the stimulus package announced by Finance Minister Nirmala Sitharaman to restart business activities

Bank of Baroda to advance Rs 12,000 crore to MSMEs under govt scheme

Under the scheme, the government will offer 100 per cent guarantee on loans.

DCB Bank's profit before tax declines 37.6% to Rs 93.84 crore in Q4

Net profit for the financial year ended March 31, 2020 (FY20), stood at Rs 337.25 crore, up marginally from Rs 325.37 crore in FY19.

RBI extends loan moratorium till Aug 31, silent on one-time restructuring

The central bank has increased group exposure limits of lenders from 25% to 30%

Retail, MSME loans to get cheaper as RBI cuts repo rate in surprise action

HDFC Bank cuts base rate by 55 bps; SBI calls ALCO meeting to take call

RBI forecasts economic contraction, announces a sharp 40-bp rate cut

The six-member MPC also kept policy stance unchanged at 'accommodative' for "as long as necessary" to revive growth

Govt seeks to raise Rs 14,000 cr from second tranche of Bharat Bond ETF

Two new series will have maturities of April 2025 and April 2031.

RBI gives exporters, importers liquidity and more time amid Covid-19 crisis

RBI took cognizance of the difficult situation amid the global coronavirus crisis and announced a number of measures for the export and import sector

RBI buttresses earlier position forcefully; economic forecasts conservative

The central bank cut the repo rate by 40 bps to 4% and the reverse repo rate was brought down to 3.35%

RBI says India GDP will contract in FY21, cuts repo rate by 40 bps to 4%

RBI extends the moratorium on loan repayments by three more months

Bank credit growth slowed in Dec quarter on muted industrial demand

Loans sanctioned by public sector banks (PSBs) at the end of May 8 stood at Rs 5.95 trillion

It will be a long road to recovery from Covid-19: Axis Bank chief

In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks