Page 680 - Finance News

SFBs likely to tweak shareholding pattern ahead of listing deadline

After five years of operations as SFBs, RBI norms allow the SFBs to go for reverse merger

Asset reconstruction companies, banks differ on cleaning up bad debts mess

Banks want to dispose of the assets at a deep discount, but for upfront payments

Payment fraud registry to alter the way customers take to digital channels

Part of the problem is the manner in which eco-system participants on-board and service customers

NBFC-Microfinance institutions top in market share: Here're the details

In terms of delinquency, banks have the lowest with a 30-plus delinquency at 0.50 per cent across all categories of lenders

NBFCs will be in goodwill hunting mode for some time to come: Experts

NBFCs are unlikely to have it easy anytime soon; if anything, the pain is set to get deeper

Union Bank withdraws eviction notices served to residents of Noida society

The bank had given notices to 200 families of Gardenia Gateway by Gardenia Group in Sector 75, Noida, on August 5, as per the media reports

Jalan committee finalises report on RBI reserves; board meet on Aug 23

The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg

YES Bank mops up Rs 1,930 crore through qualified institutional placement

YES Bank needs funds to meet Basel-III capital requirements norms

Banks debited Rs 758 crore from IL&FS accounts despite NCLAT order

MCA names SBI, HDFC Bank, PNB, ICICI Bank among others, says they violated appellate tribunal moratorium

IL&FS board submits progress report on group's asset monetisation process

Another eight business verticals have been identified where the group can do away with redundant roles

IL&FS may not have disclosed bad loans for years: RBI report

Reserve Bank of India's (RBI) report, dated March 22, 2019, found that non-performing assets on IL&FS's books were as high as 70% of its total loans and advances by March 31, 2018

RBI asks banks not to count failed attempts in 'free ATM transactions'

Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer

SBI proposes to dilute stake in credit card business through IPO route

SBI has a consumer base of about 6 million using its SBI Card services for payment of products and services

Increased forced lending to NBFCs can land banks in trouble: Fitch report

NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption

63% banks report decline in NPA in infra sector in six months: Ficci-IBA

57 per cent of banks surveyed said engineering goods has seen a reduction in NPA levels

RBI to come up with revised norms for housing finance companies

Moreover, it will also allow the RBI to directly give liquidity support to the stressed HFC sector

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

On-lending by NBFCs to 'needy' segments to be priority sector loans: RBI

Under the revised on-lending model, banks can classify only the fresh loans sanctioned by NBFCs out of bank borrowing

RBI unlikely to vote in favour of overseas sovereign bond in Aug 16 meet

The overseas sovereign bond issuance, therefore, will lead to 'feedback process' getting further entrenched in the domestic debt market, 'and this may weaken monetary policy transmission'

Northern Arc Capital, GAWA Capital Partners raise Rs 106 cr for NBFCs

A pooled bond structure is backed by a partial guarantee; enhancing the credit rating for the loans and lowering the cost of borrowing