Page 641 - Finance News

SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi

Lender had approached tribunal seeking shares pledged by Karvy to it be unfreezed, saying the clients who owned the securities owed money to Karvy and therefore the pledge was good in law

Retail loans set to double to Rs 96 trn in next 5 yrs: ICICI-CRISIL report

Apart from this, the regulatory and legislative measures taken by the government in the past few years have propelled growth in low-cost housing loans

Fitch affirms Bank of Baroda's IDR at 'BBB-'; VR off rating watch negative

The lender's performance is likely to stay subdued on weak economy, NBFC stress

UCO Bank raises Rs 500 crore by issuing Basel III compliant bonds

The bank added that the board had approved the issuance of these bonds in October

SBI, KfW sign $277 mn agreement for energy-efficient housing programme

In addition to the $277 million dollar loan facility, KfW will also extend a grant of 1.5 million euros to SBI as a technical assistance package.

Equitas Small Finance Bank files draft papers for IPO, to raise Rs 550 cr

The equity shares of the company will be listed on the BSE and the NSE.

RBI opens 24x7 NEFT window; over 1.14 mn transactions done in first 8 hours

The facility will be available on all days of the year including holidays

PMC Bank money-laundering case: ED files chargesheet against HDIL promoters

The Wadhawans have been booked under various provisions of the PMLA

The day India's banks died because of political priorities of a populist PM

Indira Gandhi's brilliance as a politician lay in her ability to transform the most sordid political intrigue into high ideological disputation

PMC Bank depositors detained for protesting outside CM Thackeray's house

The RBI had asked the bank not to grant or renew any loans and advances, make any investment or incur any liability, including borrower of funds and acceptance of fresh deposits.

PNB under-reported bad loans by Rs 2,617 cr in FY19: RBI report

In a regulatory filing on Saturday, PNB said the divergence in gross non-performing assets (NPAs) assessed by the central bank stood at Rs 2,617 crore in FY19

RBI considers extending bank-like vigil on NBFCs, cooperative banks

These entities will have to reveal divergence in provisioning during auditing

South Indian Bank needs Rs 1,000 cr tier-I capital in next 15 months

India Ratings and Research (Ind-Ra) has revised outlook for the lender from "stable" to "negative" and affirmed its long-term issuer rating at 'A+'

New intraday liquidity window for NEFT settlement from Monday, says RBI

All banks will be eligible for the intraday facility, but the limit will be set by the RBI from time to time

Post PMC scam, RBI board discusses functioning of co-operative banks

Following exposure of scam in the PMC Bank, which had over 9.15 lakh depositors, the RBI had imposed restrictions on withdrawals

CCI approves stake buy in SBI General Insurance by Napean, Honey Wheat

The country's largest lender and Insurance Australia Group (IAG) held 70 per cent and 26 per cent, respectively, in SBI General Insurance

FDI at record levels, Rs 4.47 trillion sanctioned to NBFCs, HFCs: CEA

The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI

AU Small Fin Bank raises Rs 525 cr from Temasek arm Camas Investments Pte

Temasek has invested the money through the conversion of its 1.01 crore warrants.

Cash woes at India shadow lenders may lead to more bad debt at banks

Banks and non-bank firms are in a feedback loop, especially through exposures to the real estate sector, which is under "significant stress," Moody's said

Ensure compliance or face action: Corp ministry to disqualified directors

Statutory filings under the Companies Act are submitted to the ministry through the MCA21 portal