Page 654 - Finance News

Allahabad Bank PBT up 15.7% at Rs 2108 cr in Q2, asset quality declines

Gross NPA ratio rises to 19.05% from 17.53% a year ago, net NPA falls to 5.98% from 7.96%

Allahabad Bank loss widens to Rs 2,103 cr in Sep quarter as NPAs increase

The state-owned lender had registered a loss of Rs 1,816.19 crore during the year-ago period

No transaction charge on NEFT payments from Jan 2020, RBI tells banks

Digital payments constituted a high 96% of total non-cash retail payments during the October 2018 to September 2019

Moody's lowers outlook for SBI, HDFC Bank, 4 other financial institutions

The outlook was revised down for EXIM India, HDFC Bank, Hero FinCorp, HUDCO, IRFC, and SBI

Banks ease bad debt problem by write-offs, underlying problem not resolved

The write-offs illustrate the urgent problem of bad loans as borrowers struggle to service, let alone pay-off, their debt in a stuttering economy

SBI cuts MCLR by 5 bps across all tenors, reduces fixed deposit rates

With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent

UCO Bank posts pre-tax loss of Rs 892 crore in September quarter

The UCO Bank's total income during the September 2019 quarter increased to Rs 4,533.51 crore

Resolution of bad assets: RBI set to recast inter-creditor agreement

New framework likely to be introduced even before default happens

SBICAP Ventures spots 12 stuck housing projects in first funding round

Most of the stalled projects are in eight large cities and 60 per cent of them are in the Mumbai Metropolitan Region and National Capital Region

PNB Housing Finance raises Rs 2,500 cr from LIC via NCD, its 2nd this year

The first issuance of NCDs of Rs 500 crore was subscribed by a foreign bank

Closely monitoring situation at PMC Bank, forensic audit underway, says Das

PMC Bank was placed under an RBI administrator on September 23 for six months due to massive under-reporting of dud loans

WhatsApp Pay clearance: RBI raises data localisation concerns with NPCI

Says won't allow the services until it meets data norms

Govt not planning to help banks rescue shadow lender DHFL: Report

A consortium - led by Union Bank (UNBK.NS) and State Bank of India (SBI.NS) - was set up to restructure DHFL's (DWNH.NS) debt a month after it first defaulted in June

PNB Housing Finance raises Rs 2,500 crore from LIC through bond sale

This issuance is through private placement basis with a door-to-door tenure of 10 years, and the proceeds will be utilised by the company for its normal course of business operations

Govt may ignore banks' request for help in rescuing DHFL: Report

A consortium - led by Union Bank and State Bank of India - was set up to restructure DHFL's debt a month after it defaulted in June

Surjan Singh, ex-banker whose bromance soured after million dollar bribes

Surjan Singh is one of three former Credit Suisse bankers who have pleaded guilty to taking millions of dollars in bribes to arrange loans for maritime projects in Mozambique.

Now, banks can directly buy gold from depositors for monetisation plan

With relaxation, one can also deposit with refiners and purity testing centres

Moody's places YES Bank's 'Ba3' rating under review for a downgrade

An inability to raise planned equity capital will negatively impact YES Bank's credit profile and ratings, Moody's added

RBI panel for maximum of two-layered core investment companies by 2021

The RBI panel's advice to limit CIC to two levels is another reform for better financing arrangement

Lack of ICA to hit PMC Bank's HDIL exposure

It is not clear as to where PMC Bank stands in the pecking order for recovery of its dues from HDIL, worth Rs 6,500 crore