Page 640 - Finance News

Most banks will improve stressed assets by March, says SBI chairman

On transmission of monetary policy, he said the banks cannot lower rates beyond a threshold due to asset liability mismatch issues.

AIIB announces $210 million loan for irrigation & solar energy projects

India is the second-largest shareholder of the bank and the largest recipient of its loan and equity commitments.

Four companies including SBI Card, ICICI Home Finance to list papers on BSE

Post process, the effective date of listing for the commercial paper at the exchange will be December 23, the BSE said in a statement

PFRDA likely to be sole pension regulator, seeks additional IT exemptions

At present, pensions products are sold by both insurance companies as well mutual funds, which makes Irdai and Sebi, as the regulators for those products

Women's share in life insurance policies is 36% in FY19: Irdai report

The share of women in terms of number of policies is 36%, higher than what it was in FY18 at 32%

IDBI Bank plans to raise up to Rs 2,000 crore through tier-II bonds

The bank reported overall capital adequacy ratio of 11.98% in September this year

Ind-Ra downgrades YES Bank on inadequate equity infusion; places on RWN

In a similar move, ICRA has downgraded rating on YES Bank's tier-II bonds from "A+" to "A"

Take measures to improve ease of doing business: India Inc to Sitharaman

When asked about the meeting, CII President Vikram Kirloskar said, "We talked about ease of doing business, which are the issues concerning many industries."

Foreign funds push investment in real estate up 9% to Rs 43,780 cr: Report

Office properties attracted 46 per cent of the total inflow and received nearly Rs 20,000 crore this year

HDIL, its promoters to repay loan to PMC Bank, assets to be sold soon: HC

The court also said that the assets of HDIL and Wadhawans must be sold at the earliest in the interest of the PMC Bank and its depositors

Bank of Baroda raises Rs 1,747 cr by issuing Basel III-compliant bonds

To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes.

Bank of Baroda underreported bad loans by Rs 5,250 cr in FY19: RBI report

In recent months, there have been several instances of under-reporting of bad loans by lenders

Finance Ministry asks central, state depts to continue work with IDBI Bank

It can be noted that in January 2019, the insurance behemoth completed acquisition 51 percent stake in IDBI Bank, following which the Reserve Bank re-categorised it as a private sector bank.

RBI defends its nod for sacking Kochhar; matter to be heard on January 13

The RBI said while approving Kochhar's termination, it acted in accordance with the statutory provisions

JM Financial goes digital, pools in FDs to help cash-strapped NBFCs

Initially the platform will be to collect fixed deposits for HDFC, Bajaj Finance, and Mahindra Finance, he said, which will be scaled up later and will work on a fee- based model

Bring not-for-profit microlenders under regulatory framework: MFI body

Currently, NBFC-MFIs are regulated by the Reserve Bank of India but not-for-profit organisations and SHG-promoting- institutions

Banks likely to take more loan write-offs due to weak recovery prospects

Resolution delays coupled with rising provision cover on large legacy bad loans (nearing 90 per cent) could mean that loan write-offs will continue to be high, particularly for state-run banks

With 'restrictive' norms, not many takers for small finance bank licences

Word is out that there will be relatively few takers for SFB licences compared to the 72 applicants who lined up in February 2015

SBI may take 3 years to list general insurance arm: Chairman Rajnish Kumar

SBI had last year listed its life insurance arm and the proceeds came in handy to fight difficulties in asset quality. It is also planning to part-sell its stake in SBI Cards

Consumer complaints at Offices of Banking Ombudsman rise 20% in FY19: RBI

Mis-selling and ATM-related complaints have gone up