Page 605 - Finance News

Covid-19: Retail lending may not remain steady source of business for banks

Banks and finance companies may do more lending business in the retail segment on the digital platform

IDBI Bank plans to raise Rs 7,500 cr via rupee bond in current fiscal

The Board of Directors, at its meeting held on Wednesday, April 8, 2020, has approved the rupee bond borrowing limit of Rs 7,500 crore for FY 2020-21 to be borrowed in one or more tranches

RBI to examine buyback of outstanding amount of Rs 84,574 cr in AT-1 bonds

Could disallow retail investments directly and through MFs in the instrument

Irdai grants exemptions to merged banks on corporate agency matters

Irdai has said the acquiring bank can retain the existing certificate of registration (COR) to act as a corporate agent and surrender the COR's held by the acquired banks

Cash-strapped DHFL not to make any payment to lenders, bondholders

The Corporate Insolvency Resolution Process (CIRP) was initiated against the debt-ridden company as per the provisions of the Insolvency and Bankruptcy Code, 2016 with effect from December 3, 2019

NBFC-MFIs seek clarity from RBI on 3-month moratorium on loans

RBI seeks data on drawdowns, bank loans, exposure to NCDs and CPs

Covid-19 impact: Confusion over moratorium norms hit smaller MFIs hard

Many are worried about not being able to meet their loan obligations this month; several either have started defaulting or are about to

SBI reduces MCLR by 35 bps, cuts savings rate by 25 bps on all deposits

SBI rate cut: The savings rate has been reduced to 2.75 per cent from 3 per cent

Rush hour and tougher questions ahead for both Mint Road and banks

Piecemeal regulatory forbearance will not go far and tougher questions will be asked of both Mint Road and banks, reports Raghu Mohan

Coronavirus crisis to hit Indian, Chinese, Indonesian banks hard, says S&P

The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.

Kotak Mahindra Bank deposits grow 20% YoY to Rs 2.59 trillion in Q4

On a sequential basis, the deposit base has grown 12 per cent over December 2019

Covid-19: Amid economic slump, banks' credit costs, NPAs to rise in 2020

The report noted that an additional USD 300 billion spike in lenders' credit costs and a USD 600 billion increase in (NPAs) will occur in 2020 due to the adverse impact of coronavirus pandemic

Covid-19 relief: Staggered 180-day bad-loan breather on cards for banks

RBI may allow relaxation in delinquency period, go easy on additional collateral requirements

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'