Page 668 - Finance News

RBI hikes withdrawal limit to Rs 10,000 from Rs 1,000 for PMC depositors

RBI said the relaxation has been granted with a view to reducing the hardship of depositors

RBI panel suggests longer-term repo operations to manage liquidity

The RBI had set up the internal working group to review the current liquidity management framework with a view to simplify it and suggest measures to clearly communicate the objectives

Axis Bank raises Rs 12,500 crore via QIP to enhance capital adequacy

The QIP issuance was done at a price of Rs 629 per equity share at a tight discount of 1.44% over the closing price of the issue opening date

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Depositors' money safe: PMC has enough liquidity, assures suspended MD

Asserting that all its loans are fully secured, Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action

PMC Bank's liquidity profile is good, depositors need not worry: RBI

As for how long before depositors can withdraw their money from the bank, Bhoria said was left to the RBI to decide

An account closes: Allahabad Bank looks back with nostalgia before merger

The merger marks the end of a bank in which two states with contrasting identities - Uttar Pradesh and West Bengal - took equal pride

Strong investor interest for capital raising plans, says YES Bank

The lender has got approval from its board to increase its authorised capital from Rs 800 crore to Rs 1,100 crore

SBI prices home loans at 265 bps over repo rate from October 1

SBI also said that a 5 bps concession will be given to women borrowers under each category of loans.

RBI denies rumours of bank closures after curbs on local lender spark fear

This is the second time in less than two years that policy makers have had to publicly come out in support of banks

'My money is gone now': Customers panic as RBI curbs activities at PMC Bank

The sudden move caused PMC Bank depositors to panic and led to protests and long queues outside the bank's branches

As NPA resolution crawls, banks stare at spike in credit cost: India Rating

Icra said material incremental NPA generation for fiscal 2020 and 2021 may come from the agriculture and MSME sectors

Linking loans to external benchmark: Why it won't be easy for banks

Banks in India are not wholesale-funded entities as in developed markets, but deposit-taking. Only a percentage of their books is linked to borrowing at the repos window

RBI places restrictions on Punjab & Maharashtra Co-op Bank's biz for 6 mths

Supersedes board, appoints admin; exposure to HDIL bone of contention

Banks must appropriately price in credit risk: Ex-RBI deputy guv Thorat

Usha Thorat says it's absolutely essential for financial stability that bank spreads are not under threat

Cost of refinancing loans against property is on the rise for shadow banks

Both non-banking financial companies (NBFCs) and housing finance companies (HFCs) are shying away on such loans to micro, small and medium enterprises (MSMEs)

Bank mergers may bring down the curtains for old-world forex brokerages

The flurry of state-run bank mergers will see an era come to an end

Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

Viral Acharya wants Indian banks to learn this lesson from shampoo makers

Acharya highlighted the dichotomy of India's massive economy -- Asia's third-largest -- but one where living standards are still among the lowest in the world

SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1

Also, link pricing credit to Medium units to the repo rate