Page 652 - Finance News

YES Bank has option to extend November 30 deadline on binding offer

According to a source close to the development, the bank is still in talks with the investor and has not taken any decision on the offer

Indian shadow banks remain weak as credit crisis continues unabated

Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons

Edelweiss to transfer wholesale loans worth Rs 2,000 crore to AIF

Its corporate loan book stood at over Rs 16,100 crore at the end of September

Top-rated companies tap into low money market rates as liquidity improves

Most highly rated companies are enjoying rate benefit of more than 150 basis points in their working capital raised from the market

RBI plans 'college of supervisors' to prevent 'PMC Bank-like crisis'

He said the RBI is focusing on governance, risk management, internal audit and compliance functions in banks more closely

RBI cut rate by 110 bps since Apr, but borrowers gained little: BofA-ML

RBI has been blaming banks for slower transmission of its policy moves into their lending rates and continuously nudging them to cut more, so that credit pick up can increase to help broader growth

NBFCs with assets of Rs 500 cr can go for insolvency resolution: RBI

the ministry notified the framework for dealing with systemically important FSPs, excluding banks, under the Code wherein sectoral regulators can seek resolution of stressed entities

Backed by technology, banks beat economic slowdown by hiring more

Some are using artificial intelligence to identify the right candidate. Federal Bank, for instance

Deposit insurance may be raised to Rs 5 lakh; new wholesale plan in offing

New scheme likely for wholesale at Rs 25 lakh; proposals could figure at RBI board meet

Bank of India, IOB report divergences in bad loans; losses widen for FY19

Bank of India had a fall in its net NPA divergence by Rs 329 crore for 2018-19

RBI governor for tighter controls at PSBs, proactive independent directors

Blames lack of it for elevated levels of NPAs, capital shortfalls, fraud

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Financial reforms like regulating co-op banks coming in winter session: FM

At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation

Banks turning their back on India Inc, focusing on lucrative retail lending

Slowing economy and higher tier-I capital requirement shifting focus to retail lending

Lenders may miss RBI's six-month deadline to approve debt-resolution plans

Resolution plans were to be implemented within 180 days from the end of the one-month review period

IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19

The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore

IOB reports Rs 2,262-cr divergence in provisioning for bad loans in FY19

The bank had earlier reported NPA provisions of Rs 18,647.23 crore for 2018-19, while the RBI assessment pegged the provisioning at Rs 20,909.23 crore

Union Bank Q2 net loss at Rs 1,194 cr on higher provisioning for bad loans

However, net NPAs were down at 6.98%, against 8.42%

RBI may cut rates by 25 bps to push growth despite high inflation: BofA-ML

Analysts at foreign brokerage Bank of America Merrill Lynch said the RBI will cut rates by 0.25 per cent in December, and follow it up with a 0.15 per cent in February

Crisis no hindrance for yield-hungry global financiers to Indian NBFCs

The top-rated non-banking financing companies are able to get loans in the domestic market as well, but they are finding that borrowing costs are often lower overseas