Page 632 - Finance News

IL&FS case: Sebi may inflict more wounds on raters, increase penalty

Sources said the settlement amount could be revised up to four times upwards

Recoveries from stressed assets will be much better in H2FY20: SBI Chairman

Rajnish Kumar is hopeful that resolution time of stressed asets will fall below 5 years

State Bank to provide guarantee to homebuyers on completion of projects

This cover will be for SBI funded residential projects and those availing home loan for SBI

Banks will see good recoveries from NPAs in Q3, Q4, says SBI Chairman

The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said

Banks staring at 20% more provisioning for Rs 2.2-trillion debt

Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end

In a first, RBI plans to put weak private lenders under the hammer

The banking regulator is seeking an early exit mechanism for private banks under PCA

RBI buys and sells bonds worth Rs 10,000 cr in third open market operation

Long-term bond yields have come down by 20 bps since first OMO last month

RBI buys three long-term securities worth Rs 10,000 crore in third OMO

Offers to purchase three securities, including 10-year benchmark govt bond

Fraction of exporters may have misused GST refund facility, says FIEO

FIEO President Sharad Kumar Saraf said that it is unfortunate that exporters have been singled out for GST frauds

Ahead of merger, public sector banks advance promotions and transfers

According to sources, promotions and transfers till scale four at officers' level for the financial year 2020-21 is being decided by individual banks

HDFC Bank advances grows by 20%, deposits up by 25% (YoY) in 2019

Bank also launches its farmer outreach programme 'Har Gaon Hamara'

Exim Bank hits global bond markets with $1-bn issue for current fiscal

EXIM Bank confirmed that it is in the market but did not divulge specific details about the issues

RBI's relaxation for banks to lend Rs 3.5 trillion extra set to end

The headroom will not be available in FY21, unless public sector banks are adequately recapitalised

RBI revises PCA regime for urban co-operative banks facing financial stress

Regulator may place restriction on declaration or payment of dividend/donation without prior approval of RBI

RBI allows banks to offer foreign exchange quotes to users at all times

The central bank has accepted the recommendation

Shivalik Mercantile receives approval to become Small Finance Bank

The RBI had come with a scheme on voluntary transition of UCBs into Small Finance Bank (SFB) on September 27, 2018. But there was no taker

Syndicate Bank surpasses Rs 5 trillion business target ahead of schedule

The bank crossed Rs 5 trillion total business mark at the end of December 31, 2019

Rate woes of renewable energy firms may stress NBFC books further: Icra

The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders

Tata Housing Finance to raise Rs 2,000 crore via non-convertible debentures

The base size of the issue is Rs 500 crore with an option to retain oversubscription up to Rs 1,500 crore

NBFCs to see better loan growth in FY21: Tata Capital CEO Rajiv Sabharwal

Foreign money is coming into the market and because of stability in rupee the hedging cost is also lower