Page 687 - Finance News

South Indian Bank seeks approval from shareholders for share issuance

People in the know said the bank expects the fund raising to support its plan to grow its advances by 20%

Suryoday Small Finance Bank plans up to Rs 1,000 crore IPO by next year

Ahead of this, the SFB will raise Rs 65 crore via increase in promoter shareholding from 27% currently, to 30% by this August

Despite better liquidity, public sector banks borrow from market

The liquidity is running at a surplus mode now, with the banking system parking more than Rs 1 trillion with RBI

IndusInd Bank Q1 net profit jumps 38% at Rs 1,433 cr; gross NPAs at 2.15%

The bank had posted a net profit of Rs 1,035 crore in the corresponding period of the preceding fiscal ended March 2019

Nabard to raise Rs 55,000 crore from market for rural development schemes

The financial institution raises funds through long term bonds - usually of 10-15 years tenures

How regulators, agencies are hurting India's war on $190-billion bad loans

Here are some instances of government agencies' tussles with the process

Financial services firms may raise record Rs 1.2 trn via QIPs this year

Public sector banks are leading the race to raise money through QIPs

HSBC, Stanchart, Citi top charts in customer experience: Kantar report

Kantar today throws up interesting insights and also reflects the huge gap between reality and perception that exists in the sector

Bill to fix 'menace' of illegal deposit schemes gets Cabinet nod: Minister

The Banning of Unregulated Deposit Schemes will replace the Banning of Unregulated Deposit Schemes Ordinance, 2019.

PSBs losing lead bank relationships to private counterparts, says study

According to the study, private sector lender HDFC Bank and PSU lender State Bank of India top the list of local banks which are used by three-quarter of large Indian companies

Large exposures framework: Basel committee lauds RBI on strict rules

In India, the LEF applies to all banks, apart from the regional rural banks

Nabard to switch to risk-based supervision of co-operative banks, RRBs

It will first conduct such exercise on pilot basis and then scale up to cover 400 entities under its supervisory ambit

Nabard to raise Rs 60,000 crore via non-convertible debentures this year

Nabard has introduced new features like multiple pricing of bonds, tripartite repos and 15-year tenor debentures

SBI cuts MCLR by five bps to 8.4% across all tenors from July 10

This is the third rate cut announced by the SBI in the current financial year

RBI Governor to meet private bank CEOs on credit, liquidity concerns

Transmission of interest rates, sectoral concerns to figure in talks end-July

S&P lauds Rs 70,000 cr capital infusion, says PSB reforms remain lacklustre

The global rating agency's calculation of risk-adjusted capital for most rated Indian PSBs is 5-7 per cent, and this is one of the key rating constraints

Financial system's liquidity is in 'huge' surplus, says RBI governor

Das said the central bank will provide a backup "if individual banks require additional liquidity"

Delhi HC agrees to hear banks' plea against service tax on minimum balance

A total of 13 banks had approached the high court claiming that the government had arbitrarily decided on the service tax

RBI to discuss with govt issuance of sovereign bonds: Shaktikanta Das

After the customary post-budget meeting with Finance Minister Nirmala Sitharaman, he said the system has sufficient liquidity and the Budget for 2019-20 has made provision for NBFC sector

Budget 2019: Liquidity support to banks does not rescue weak NBFCs

The Budget allowed more NBFCs to come to the bill discounting platform TreDs, potentially solving the funding need for MSMEs