Page 672 - Finance News

IL&FS gets 14 bids worth Rs 13,000 cr for 10 domestic road assets

These 10 road assets account for debt of over Rs 17,700 crore, which is nearly 19 percent of total group debt

SBI cuts MCLR by 10 basis points, slashes term deposit rates by 20-25 bps

Bank official hints at another round of rate cuts following low credit offtake

State Bank of India cuts MCLR By 10 bps effective September 10

State Bank of India reduced interest rates on time deposits across all maturities

Merger of public sector banks: Has governance been given short shrift?

The govt's silence on the road map to change the governance structure of state-run banks make experts wary of the road ahead

Finance ministry dept's fine on banks an afterthought: Delhi High Court

The appellate tribunal for PML held that though banks had not reported the matter to the authorities

18 PSBs hit by 2,480 cases of fraud of over Rs 31,000 cr in Q1: RTI

As many as 1,197 cases of cheating involving Rs 12,012.77 crore were detected in SBI in the first quarter, according to the RTI reply

Bank of Baroda plans to raise capital up to Rs 3,000 cr via tier-II bonds

BOB is amongst the better capitalised PSBs, with a common equity tier I capital of 8.49% in 1QFY20

Customer to IT integration, banks to follow BoB's footsteps during merger

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

World's worst bad-loan mess set to worsen on India's cash crunch

The failure to slash stressed assets is undermining India's efforts to revive economic growth that has cooled to a six-year low

SBI sought 147 look out circulars in bank fraud cases in last 5 month: RTI

Data shows that the bank started seeking LoC from the Bureau of Immigration from April this year

PNB puts up 11 NPA accounts for sale to recover dues worth Rs 1,234 cr

The sale is on 100 per cent cash basis, PNB said in an advertisement

PSB mergers nearly done, 12 banks almost right for India: Finance Secy

The consolidation will help create strong and globally competitive banks with economies of scale, he said

Swiss data on closed bank accounts can give clue to Indians' hidden wealth

Full details of the entire flow of funds to and from all the accounts that were active even for a single day in the year 2018 will be provided

The largest rewrite of the banking history and merger's cultural traps

Govt's focus on technological compatibility over cultural is set to make the largest rewrite of the banking history a complex job

Amalgamation of 10 public sector banks likely to take place on April 1

The decision was taken in a meeting of 10 PSBs, who are part of the latest merger process, with finance ministry officials in Mumbai on Wednesday

Repo-link effect: Banks likely to raise risk spread, say analysts

Private sector bankers have earlier warned that repo is inherently a volatile rate, but linking the lending rates to the short-term treasury bills would be even more volatile

Punjab National Bank board approves amalgamation with OBC, United Bank

The government on Friday announced infusion of Rs 16,000 crore in PNB for a smooth and seamless amalgamation

Aditya Birla Capital to raise Rs 2,100 crore from promoter, PE firms

US-based private equity firm Advent International will put in Rs 1,000 crore via its affiliate Jomei Investment Limited

Banks form GM-level teams for merger ease, may hire advisory firms

Banks are also weighing the option of hiring experts for help in specialised areas

Secondary loan mkt may completely change India's banking landscape: Experts

In India, there is a well established secondary market for stressed loans