Page 669 - Finance News

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

SBI to launch co-lending of loans with NBFCs in next 30 to 40 days

The loans, which would essentially be for priority sector, would be on a fully-automated platform

Repo rate to be external benchmark for floating rate loans from Oct 1: SBI

The bank has also extended the external benchmark-based lending to medium enterprises, to boost lending to the MSME sector as a whole

Loan camps by public sector banks, NBFCs in 200 districts from October 3

The loan camps are being held later than the scheduled date of September 24-29 as lenders will be involved in finalising their balance sheets during this period

SBI may soon roll out co-lending model NBFCs in line with RBI guidelines

Once the present hurdles relating to the integration of technology with the non-banking finance companies are removed, the model of co-lending will be launched

HDFC Bank to organise 1,000 grameen loan melas in next 6 months

These grameen loan melas will be held across more than 300 districts and cover around 6,000 villages across India

Utkarsh Small Finance Bank aims at Rs 500-600 cr IPO by Dec 2020

Prospectus and other necessary documents likely to be filed with Sebi by next April, firm has till April 2021 to get listed

Armed with Crisil's AAA rating, NHB to raise Rs 4,000 cr via NCDs

The NHB has robust asset quality and healthy capitalisation

RBI tightens norms for banks, up penalties for failed ATM transactions

The financial compensation should be done suo motu by the bank, without waiting for a complaint or a claim by a customer, the RBI said

12% annual credit growth needed to reach $5 trillion mark by 2025: SBI MD

Against bank credit of Rs 98 trn at present, desired level should be Rs 400 trn, says Dinesh Kumar Khara; As per RBI data, Bank credit growth was 10.24% in the fortnight to August 30

RBI in talks with govt to ensure mega bank mergers are non-disruptive: Das

The critical issue is to ensure that the process of transition following the merger should be in the most non- disruptive manner, he said

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

Bank stake sales in insurance, mutual fund subsidiaries hit a wall

Lenders await RBI norms on holdco structure; guidelines are likely to be finalised by year end

A bank's race against crisis has served a warning to Indian banking

At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's

Banks will have to take more haircuts in NBFC resolution process: Das

Das' comment on non-banking finance companies (NBFCs) comes at a time when banks are grappling with the resolution of stressed cases

Three IL&FS entities turn green after signing terms sheet with lenders

This will help the IL&FS board in its stated objective of asset monetisation

Indian Bank gets board nod to raise Rs 5,000 cr, merge with Allahabad Bank

Indian Bank to be anchor in the merger, which will create country's seventh largest lender