Page 666 - Finance News
The last boarding call: Time running out fast for urban co-operative banks
Coming years will see the sector go through a sea change
 "The last boarding call: Time running out fast for urban co-operative banks")
High interests driving depositors to co-op banks even amid bankruptcy
Customer service and long-term association spanning generations are also other reasons for the popularity
 "High interests driving depositors to co-op banks even amid bankruptcy")
In NPAs race, Urban Cooperative Banks are no worse than commercial banks
Three UCBs, which reported their FY19 financials, have an average GNPA average ratio of 5.6 per cent last fiscal, down from a high (average) of 5.9 per cent in FY15
 "In NPAs race, Urban Cooperative Banks are no worse than commercial banks")
Yes Bank bonds slump by record as concerns loom on stress in credit markets
Dollar bonds of Yes Bank Ltd., which has sizable exposure to the cash-strapped shadow lenders, slumped a record 5.5 cents to 80.9 cents on the dollar on Wednesday
 "Yes Bank bonds slump by record as concerns loom on stress in credit markets")
Yes Bank shrinks its loan book by 4% to enhance capital efficiency
The lender says its financial and operating metrics are intrinsically sound and stable, with liquidity position well in excess of regulatory norms
 "Yes Bank shrinks its loan book by 4% to enhance capital efficiency")
LVB independent director resigns after RBI action, cites personal reasons
The resignation has come days after RBI initiated prompt corrective action against the private sector lender on September 28
 "LVB independent director resigns after RBI action, cites personal reasons")
Banks to hold first phase of 'loan mela' across 250 districts on Thursday
SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.
 "Banks to hold first phase of 'loan mela' across 250 districts on Thursday")
34 functional teams formed to smoothen process of PNB, OBC, UBI merger
The merger is scheduled to come into force from April 1 next year
 "34 functional teams formed to smoothen process of PNB, OBC, UBI merger")
Rana Kapoor's family stake in YES Bank slumps to 1.6%; stock falls 23%
According to the rating note, these NCDs are Zero Coupon Bonds set for maturity on April 19, 2021.
 "Rana Kapoor's family stake in YES Bank slumps to 1.6%; stock falls 23%")
RNAM directs trustees to sell remaining pledged shares of Rana Kapoor
Kapoor has pledged shares of Yes Bank to RNAM, the asset manager of Reliance Mutual Fund, as collateral
 "RNAM directs trustees to sell remaining pledged shares of Rana Kapoor")
Investors fear NBFCs, small co-op banks may trip financial system: Analysts
Smaller banks with lower capital under scanner, they say
 "Investors fear NBFCs, small co-op banks may trip financial system: Analysts")
Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit
The firm is targeting an issue size of Rs 1,500-2,000 crore and may file its offer document with markets regulator Securities and Exchange Board of India (Sebi) in a few weeks
 "Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit")
Central Bank withdraws insolvency application against Aban Offshore
Both parties say they are settling dispute; NCLT dismisses application, permits lender to approach it later
 "Central Bank withdraws insolvency application against Aban Offshore")
Bank of Baroda to raise Rs 5,000 cr through bonds, employee stock option
The move comes a day after the public sector lender received capital infusion of Rs 7,000 crore from the Centre
 "Bank of Baroda to raise Rs 5,000 cr through bonds, employee stock option")
Bank of Baroda partners Agra-based NBFC Paisalo Digital for micro lending
BoB to focus heavily on women SHGs, looks to expand small loans, micro finance portfolio
RBI's PCA has no connection with FIR filed by EOW: Lakshmi Vilas Bank
Lender inserts ads in several newspapers, issues public notice to explain its point on the FIR that was filed against it based on a complaint by Religare Finvest
RBI begins policy review meet; rate cut on cards to boost economy
The Governor has already hinted that the benign inflation provides room for further monetary policy easing while space for fiscal space is limited
 "RBI begins policy review meet; rate cut on cards to boost economy")
YES Bank stock falls 15% as investors worry over HDIL, DHFL exposure
According to a report, YES Bank had an exposure of Rs 3,700 crore to DHFL - which has also defaulted on its loans
 "YES Bank stock falls 15% as investors worry over HDIL, DHFL exposure")
Can a land bank be the solution to India's huge shadow bank crisis?
India's banks are rapidly losing faith in the shadow financiers that lend to property builders
 "Can a land bank be the solution to India's huge shadow bank crisis?")
Indian banks are most vulnerable in Asia-Pacific economies, says Moody's
Banks in India risk seeing their capital severely depleted if there is a rise in corporate defaults, warned global rating agency Moody's
 "Indian banks are most vulnerable in Asia-Pacific economies, says Moody's")