Page 696 - Finance News

Monetary Policy Committee to meet six times during 2019-20: RBI

Headed by RBI Governor Shaktikanta Das, the committee also includes two representatives from the central bank and three external members

RBI may allow banks to sell state paper ahead of maturity

The move will also allow states to buy back bonds and issue a new lot with lower coupon

Neither India's billionaires nor the poor can escape shadow lender woes

The problems started late last year following shock defaults at shadow lender IL&FS group

Biggest bond holders ditch government paper in India for state debt

The strategy is offering lenders extra returns

RBI's bond buys in current fiscal year can be inflationary, say economists

Not only do the bonds increase the balance sheet size of the central bank by infusing permanent liquidity into the system, the central bank runs the risk of stoking inflation in medium to long term

IndusInd Bank's Romesh Sobti is Business Standard Banker of the Year

Sobti, 68, was selected unanimously by a five-member high profile jury headed by former Reserve Bank of India deputy governor S S Mundra

Indian Overseas Bank eyes turnaround in September quarter of 2019-20

The bank is pinning its hopes on profitability of unit-level branches, reduction in NPA and slippages, improvement in operating profit seen as key reasons

Germany's Deutsche Bank is setting up a bad-loan buying unit in India

BofA is yet to make a final decision on setting up an ARC and may choose not to go ahead with the plan

Reserve Bank not in favour of changing IDBI Bank's name

In January, the insurance behemoth LIC completed the acquisition of 51 per cent controlling stake in IDBI Bank

PSBs' wage negotiations stuck over IBA's performance-linked pay proposal

This is for the first time that the IBA has proposed a performance-linked pay for banks

RBI Guv to hold pre-MPC meet with trade bodies, rating agencies on March 26

The meeting, which comes ahead of the next financial year's first MPC meet scheduled for April 4, is aimed at broadening the consultation process

Fund infusions in PSBs fail to lift stocks; experts say stick to SBI, BoB

The Nifty PSU Bank index is flat since the government announced a Rs 2.11-trillion recapitalisation plan in October 2017

HDFC Bank joins Reliance Industries, TCS in $100-billion m-cap club

India now has three companies in the global top 100 list in terms of market value

Kotak Mahindra Bank elevates KVS Manian, Gaurang Shah as board directors

Manian is currently working as the president - corporate, investment bank

Reduced NPA to drive solvency of public sector banks, says Icra

The government's capital infusion of Rs 1.91 trillion into the PSBs during 2018 and 2019 augurs well with their growth

Allahabad Bank looks to raise Rs 500 crore via non-core asset sale

The bank had recently invited bids for the property, but did not receive any as the reserve price was on a higher side at around Rs 220 crore

Bandhan Bank gets RBI approval for acquisition of Gruh Finance

Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over in January by Kolkata-based Bandhan Bank in a share-swap deal

Will RBI's $5-billion swap facility be a success? Experts remain divided

The three-year swap will take place through an auction on March 26

Senior officials of BoB, Vijaya, Dena to brainstorm on smooth merger

The meeting comes ahead of commencing business as merged entity on April 1

RBI names SBI, ICICI and HDFC as systemically important banks

Inclusion in the list gives additional comfort to investors that these banks won't be allowed to fail and therefore, borrowing costs of these banks from the markets are cheaper than their peers