Page 655 - Finance News
New challenge to economy: Lenders not passing on rate cuts to customers
A decision to announce a fresh stimulus could be a tough one for the government, after its budget deficit topped 90% of its full-year goal
 "New challenge to economy: Lenders not passing on rate cuts to customers")
Corporate credit growth slows as banks prefer PSUs, top-rated cos
Lenders restrict funds to companies with lower ratings
 "Corporate credit growth slows as banks prefer PSUs, top-rated cos")
HDIL promoters diverted Rs 160-crore PMC loans to 3 Delhi-based hotels: ED
The 3 hotels belong to Rakesh Wadhawan and his family, says ED
 "HDIL promoters diverted Rs 160-crore PMC loans to 3 Delhi-based hotels: ED")
Relief for PMC Bank depositors as RBI raises withdrawal limit to Rs 50,000
This marks the fourth revision in withdrawal limit by the RBI since the PMC Bank scam came to the fore
 "Relief for PMC Bank depositors as RBI raises withdrawal limit to Rs 50,000")
PNB reports net profit of Rs 507 crore in Q2; finances under stress
Provisioning related to bad loans went up to Rs 3,253 crore in Q2, up from Rs 2,147 crore in the previous quarter
 "PNB reports net profit of Rs 507 crore in Q2; finances under stress")
Liquidity coverage ratio may not adversely impact growth of NBFCs
Initially, NBFCs have to maintain a minimum of 50 per cent of high quality liquid assets as part of the LCR, which will progressively touch 100 per cent by December 2024
 "Liquidity coverage ratio may not adversely impact growth of NBFCs")
Traditional banks at risk of losing customers to Bigtech, challenger banks
More than 60 per cent of customers say they already use these products from BigTechs or "challenger banks" or are likely to do so in the next three years
 "Traditional banks at risk of losing customers to Bigtech, challenger banks")
A year since signing, inter-creditor pacts yet to take off, concede bankers
It's one of the worst kept secrets in banking, and not many chief executive officers (CEOs) of banks want to go public on it
 "A year since signing, inter-creditor pacts yet to take off, concede bankers")
RBI slaps Rs 5-cr penalty on Gujarat's Mehsana Urban Co-operative Bank
The penalty was imposed through an order dated November 4
 "RBI slaps Rs 5-cr penalty on Gujarat's Mehsana Urban Co-operative Bank")
RBI enhances withdrawal limit for PMC Bank depositors to Rs 50,000
This is the fifth increase in withdrawal limit since the bank was placed under its direct control with an administrator on September 23
 "RBI enhances withdrawal limit for PMC Bank depositors to Rs 50,000")
PMC Bank: Unable to pay medical bills, Thane man dies; 8th victim so far
The 74-year-old Andrew Lobo died at his home at Kasheli in the neighbouring Thane late Thursday evening
Central Bank to raise upto 1,000 cr in equity via QIP in Q4, FPO next year
FPO to strengthen lender's capital adequacy, size will depend on success of QIP
 "Central Bank to raise upto 1,000 cr in equity via QIP in Q4, FPO next year")
Bank CEOs' pay: Half of remuneration to be variable, no guaranteed bonus
The RBI said guaranteed bonus was not consistent with sound risk management
 "Bank CEOs' pay: Half of remuneration to be variable, no guaranteed bonus")
Regulatory sandbox: RBI seeks applications to test retail payment products
The RBI said the window for submission of applications will be be open from November 15 to December 15, 2019
Icra sees FY20 bank credit growth declining to 8.5% from 13.3% last year
The recent changes in mutual funds regulations are likely to result in a decline in the volume of commercial paper outstanding by March 2020
 "Icra sees FY20 bank credit growth declining to 8.5% from 13.3% last year")
Big Bull Rakesh Jhunjhunwala takes a 0.5% stake in YES Bank for Rs 86 crore
The bank has lately seen some recovery in its share price after informing exchanges that it had a binding offer from a global investor for an investment of $1.2 billion
 "Big Bull Rakesh Jhunjhunwala takes a 0.5% stake in YES Bank for Rs 86 crore")
LIC allows policyholders to revive lapsed policies of over 2 years
The policies that have lapsed for more than two years and were not allowed to be revived earlier can also be revived now, LIC said in a statement.
 "LIC allows policyholders to revive lapsed policies of over 2 years")
RBI wants NBFCs to adopt better risk-monitoring tools to gauge liquidity
The regulator also wants the shadow banks to monitor their liquidity risks based on a stock approach to liquidity
 "RBI wants NBFCs to adopt better risk-monitoring tools to gauge liquidity")
RBI mandates 67% variable pay component for brass of private, foreign banks
The regulator said if the variable pay is up to 200% of the fixed pay, at least 50% of it should be in non-cash
Bandhan Bank board okays increase in foreign investment to 49%
The bank last week faced a Rs 1 crore fine from the RBI for not complying with shareholding norms under the licensing rules
 "Bandhan Bank board okays increase in foreign investment to 49%")