Page 642 - Finance News

YES Bank share sale: Erwin Singh Braich, family offices may not be included

Bank plans to raise $1.75 billion; in talks with five European institutions: Ravneet Gill

Cashiers, peon among those penalised for bank NPAs in FY18, reveals RTI

FMs' statements in the Lok Sabha show that 41,360 public-sector bank employees have been held responsible and penalised for NPAs in last 5 financial years, including 6,049 in 2017-18

Maharashtra govt to take up concerns of PMC Bank depositors with RBI

Patil recalled that he had suggested merger of the PMC and MSC banks to the latter's chairman

SFBs need to widen deposit base by Rs 60,000 crore in 2 yrs: Report

Granular deposits, which are current and savings deposits and retail term deposits, accounted for 48 per cent of total deposits in FY19

Deloitte, Sells failed to comply with auditing standards during IFIN audit

The AQR report is for the statutory audit conducted by DHS for IL&FS Financial Services Ltd (IFIN) for the 2017-18 period

Allahabad Bank to slash MCLR across tenors by 5 bps from Saturday

The one-year MCLR is the benchmark to price most of consumer loans such as auto and personal

BoB signs share purchase agreement to sell Trinidad & Tobago business

BoB Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary

Is YES Bank getting quality offers? Delay raises some serious questions

The Mumbai-based lender said its board failed to reach a final decision on potential investors at a meeting

Time running out fast for YES Bank as it scouts for a new investor

Yes Bank Ltd. shares tumbled the most in two months after its board deferred an announcement on new investors, prompting a warning about the risks to the Indian financial system

NBFCs, HFCs rated up to BBB+ come under partial credit guarantee scheme

This will allow public sector banks (PSBs) to buy pooled assets from financially sound entities

Das meets heads of PSBs, discusses transmission of rates, stressed assets

The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies

PNB Housing Finance clarifies rumours about Omaxe group loan exposure

Besides, the company sanctioned Rs 200 crore for Project Grand Omaxe Lucknow in January 2018.

MFIs managing risk by turning to tech innovation to ensure loan repayment

The technological interventions were necessitated by the increasing cases of defaults in the microfinance segment

Bank of India eyes Rs 10,000 cr loan sales in ongoing special drive

The outreach programme is being conducted in 54 zones, comprising 5,000 branches

YES Bank extends fall, shares slip over 15% on capital infusion concerns

The stock opened lower on the BSE and slumped further by 19.48% to Rs 40.70 ion day trade

Credit Suisse cuts profit target as revenue set to fall short amid slowdown

The bank last month appointed new leadership to the division and aims to bolster its M&A activity by adding more bankers to advise deals in growth industries including technology and healthcare.

Lending rules for weak shadow banks eased to help them access more funds

The cabinet also approved a pact with Japan to help build high grade steel manufacturing capabilities in the country

Non-bank growth to fall to 6-8% in FY20; lowest in a decade: Crisil

Funding issues, rising borrowing costs, re-calibration and de-risking of loan portfolios and economic slowdown will weigh on AUM growth

Reserve Bank of India February rate cut on a knife's edge: Reuters poll

RBI cited concern about near-term inflation when it took analysts and markets by surprise and kept it unchanged last week

UP cooperative bank employees' PF trust invested Rs 21 cr in scam hit DHFL

Adityanath government to take legal action, including filing for claims with liquidator