Page 663 - Finance News

PMC Bank crisis: It's time to massively increase depositor insurance

The PMC crisis has brought to the fore the need to increase the deposit insurance coverage provided by the DICGC.

PMC crisis calls for board of management in urban cooperative banks

The idea - seconded by the R Gandhi committee on UCBs in 2015 - behind this was to cut through the legal bureaucracy and tap dance around dual regulation

PMC Bank crisis: Financial sector needs governance rehaul, says S&P

The RBI has appointed an administrator and superseded the board of directors at PMC, after the discovery of major financial irregularities

Can private and public sector banks win back investor confidence?

Valuations have already melted by 15 - 50% for many private sector banks

HDFC Bank to SBI, what's working and what's not for banking stocks

Based on recent brokerage recommendations, here are six stocks - three that have seen an increase in their target price since June, and three that have seen a cut

Banks may bear the brunt as real estate sector's troubles continue

These loans until now have been among the best performing assets for banks given their ability to generate higher yields

Retail loans show early signs of stress after years of quick growth

Retail loans being the fastest growing segment in the last five years may be no exception

Valuations of banking stocks may come under pressure amid economic slowdown

Meanwhile, there is enough evidence to indicate that NBFCs, real estate sector and retail loans may not presently be in a safe zone for banks to be complacent about

IDBI Bank to resume corporate lending in limited way for existing customers

The bank was waiting to meet capital adequacy norms before starting corporate lending.

Put off by bank woes, investors ditch value buying for growth stocks

India's banking industry has been caught in turmoil over souring loans, with the crisis first emanating from the less-regulated non-bank financial companies such as IL&FS Group

Banks expect double-digit growth in retail loan book this festive season

See uptick in retail loan book; expect 10-12% credit growth this festive season

Public sector banks to face legal hurdle in recovering HDIL dues

The ED is in the process of attaching the properties of HDIL

State Bank of India expects double-digit uptick in corporate loans

According to June 2019 data, SBI witnessed 11.62 per cent year on year growth in the corporate loan book

Monetary policy: Here's how low interest rates can go after 5 cuts in a row

At 4.75%, India will still offer positive rates of return to investors seeking high yields

PMC Bank crisis: Ministry of Corporate Affairs to inspect books of HDIL

The ministry will study the books of account, related-party transactions and filings of the company

PMC Bank's suspended MD Joy Thomas blames 'superficial auditing' for mess

In the past eight years, PMC had three statutory auditors -- Lakdawal & Co (FY19 and FY18); Ashok Jayesh & Associates (FY17, FY15, and FY11) and DB Ketkar & Co (FY14 and FY12)

ICAI to check role of auditors in PMC bank financial irregularities

The Institute of Chartered Accountants of India has written to the Vigilance Department of the RBI and the Commissioner of Maharashtra Co-operative Societies

Monetary policy review: PMC fallout adds to RBI's woes ahead of rate cut

The latest trouble in the banking system may further hurt lending in an industry still grappling with the fallout from the collapse of a major shadow lender last year

RBI increases PMC bank depositors withdrawal limit to Rs 25,000

This is the second time the regulator has increased the withdrawal limits since its clamped down on the bank on September 23

Wadhwans sent to police custody till October 9 in PMC Bank scam

They were arrested by the special investigation team (SIT) of the Economic Offences Wing (EOW) of Mumbai Police on Thursday and produced before a local court on Friday