Page 638 - Finance News

RBI to again conduct special open-market operation on December 30

Analysts expect the central bank to cut repo even further

Loans and advances of foreign banks operating in India grew 13% in FY19

The loan book of private banks grew at a much higher rate, of 25%

Airtel Payments Bank enables NEFT, users can make transfers at any time

The facility will be available to customers on 24x7 basis even on holidays, enabling them to receive or send funds to any bank from anywhere, anytime, Airtel Payments Bank said in a statement

Ahead of merger, Allahabad Bank gets Rs 2,153-cr fresh capital from govt

The Department of Financial Services in a letter on Thursday conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Allahabad Bank said in a regulatory filing

RBI appoints J&K Bank as lead banking convenor for J&K, SBI for Ladakh

The government through a gazette notification on August 9, 2019 had reorganised the erstwhile Jammu and Kashmir state under the Jammu and Kashmir Reorganisation Act, 2019

Banking sector net NPA may improve to 3.2% by FY20 end: ICRA report

Net NPAs of banking sector stood at 3.8 per cent as of March 2019

PNB raises Rs 1,500 cr via bonds, funds to be used for business expansion

The lender has issued 15,000 redeemable Basel III compliant Tier II bonds in the nature of debenture of Rs 10 lakh each, it said

Courts crack whip on Mallya, Nirav Modi in 2019; relief for Ajit Pawar

Under the Fugitive Economic Offences Act, the court can order attachment of offenders' properties

Bad loans taken over by ARCs rose 17.4% in 12 months ended June 2019

The amount they bought of such NPAs in the 12-month period was less, at Rs 57,506 cr, from the Rs 67,830 cr they acquired in the previous such one-year period

Total amount in bank frauds rise 74% to Rs 71,543 cr in FY19: RBI report

Frauds have been predominantly in the loan portfolio, both in number and value.

Shadow banking crisis: NBFCs' asset quality under stress as profit slips

In the first half of FY20, asset quality of the sector showed further deterioration with slight increase in GNPAs.

HDFC to mop up Rs 2,500 crore by issuing bonds on private placement basis

The secured redeemable non-convertible debentures are to be allotted on a private placement basis on Friday for an issue size of Rs 2,500 crore, HDFC Ltd said in a regulatory filing on Tuesday

UCBs need to address weak governance, slow tech adoption, says RBI report

The sector faces increasing competition from not only scheduled commercial banks (SCBs) but also from small finance banks and payments banks.

Anti-CAA protests in Assam: MFIN asks RBI forbearance for extended payments

The anti-CAA protests have led to delays in repayments in the entire north-east region, pockets of Uttar Pradesh, as well as in parts of West Bengal

Assess health of PSbs by their ability to raise resource from market: RBI

In 2017-18, the government had infused a capital of Rs 90,000 and another Rs 1,06,000 crore in 2018-19 into the PSBs, bolstering their capital position

Corporate governance 'fault lines' emerging at some pvt lenders: RBI report

The central bank said it would focus on improving supervision of around 1,500 UCBs across the country

Bengaluru, Mumbai to see healthy office rental growth in 2020: Report

According to a study titled 'Asia-Pacific Prime Office Rental Index Q3 2019' by property consultant Knight Frank, the National Capital Region (NCR) would see stable growth in rentals

Gross NPA ratio improves to 9.1% at Sept end from 11.2% y-o-y: RBI

Net non-performing assets (NPAs) of all commercial banks reduced to 3.7 per cent in FY19 as against 6 per cent in FY18.

RBI believes PSU banks merger can create lenders of global scale

Currently, there is not a single domestic lender in the global top 50 list, which since the 2008 global financial meltdown has been dominated disproportionately by Chinese lenders

Lenders call for bids to rescue shadow bank Altico as crisis deepens

Alitco's bad loans spiked to 23.8% of its loan book in the July-September quarter, adding to concerns of recovery for the lenders