Page 600 - Finance News

PNB looks to tap market in Q3FY21; may raise capital via FPO, rights issue

The government provided Rs 16,091 crore to PNB and Rs 1,666 crore to United Bank of India in September for enhancing the capital base of these two lenders

HDFC Bank's advances rise 21% in March quarter; deposits go up 24%

The deposit base of the private sector lender stood at Rs 11.46 trillion in Q4FY20 compared to Rs 9.23 trillion in the same period last year

Moody's puts IndusInd Bank's issuer ratings on review for downgrade

Moody's revises outlook for ICICI Bank and Axis Bank to negative

SBI warns employees of action over social media posts against bank

The move has met with criticism by a large section of SBI employees, who called it an attempt to muzzle free speech and expression.

RBI shortens forex, money market trading hours amid coronavirus lockdown

Apex bank announces change in market timing, trading hours to function from 10 am to 2 pm

Covid-19 relief: Citi Bank releases FAQ on deferred EMIs and its impact

RBI had ordered a moratorium of three months on EMIs

Coronavirus impact: Rating agencies see more pain for banks and NBFCs

'Spike in NPAs will be reflected over the next few quarters'

Why the three-month moratorium on your home loan EMI may not be a good idea

Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date

Covid19: Banks, NBFCs to see increase in stressed assets in FY21, says Icra

The spike in reported non-perfoming assets (NPAs) would be reflected over the next few quarters, rating agency Icra said

We are well capitalised, depositors need not worry: Karnataka Bank

We have been consistently maintaining CRAR above the minimum prescribed by the RBI as well as the bank's internal policy, Managing Director and CEO Mahabaleshwara M S said

Covid-19 relief: HDFC Bank releases FAQ on deferred EMIs and its impact

Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers

Covid-19 relief: SBI relaxes payment timeline for one time settlement

The bank said it would not charge any interest on the amount for this extended period

Covid-19 relief: You can defer 3 EMIs but that may be a very costly option

SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs

RBI moratorium on term and working capital loans may hurt business

Corporates may end up paying four months interest on their loans together.

Most private banks choose 'opt-in' option on loan repayment moratorium

Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan

EMI moratorium: No big gains for borrowers, banks to charge interest later

Experts feel that the three-month moratorium on repayment on loans to help people fight the impact of coronavirus seems to be benefiting banks rather than borrowers

Indian Bank allots 520.5 mn shares to Allahabad Bank shareholders

The bank is in the process of filing listing applications with the stock exchanges

Merger of 10 PSU banks into 4 effective from today; 6 banks cease to exist

Experts said merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence

IDBI Bank grants moratorium on term loans amid Covid-19 disruption

The lender has sent a communication to its customers that they were being offered a moratorium.

RBI Moratorium: NBFCs stare at asset liability management challenges

Managing liability outflows will be a tightrope walk for NBFCs in the near term