Page 700 - Finance News

$7 bn fund infusion into PSBs not enough to support lending growth: Fitch

The finance ministry last week announced infusion of Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans

Bank of Baroda to sell NPAs worth Rs 6,000 cr, including RCom debt

The bank has identified loans to 49 companies for sale

RBI's proposed guidelines may trim future earnings of private bank CEOs

The proposed guidelines said their variable pay needs to constitute at least half of the total remuneration

In a crisis...it pays to be an NRI

Does the RBI's moves on FCNR deposits give NRIs an enormously unfair advantage?

RBI proposes to rein in compensation packages of private bank CEOs

Penalty on cards if bank underreports bad debt, provisioning

Led by NBFC-MFIs, microfinance loans grow 43% to Rs 1.7 trn in FY19: MFIN

NBFC-MFIs, which hold the largest share in micro-credit space, were able to shake off impact of tight liquidity in Q3

A long wait for bank CEOs as RBI delays FY18 bonuses, stock options

It's only a matter of time before they are cleared, which will give the first glimpse of a new CEO compensation regime.

Axis Bank plans organisational recast, synergy with subsidiaries

In December 2018, the bank announced that Rajiv Anand, executive director-retail banking has taken over as the executive director-wholesale banking

Developers' borrowing costs go up by 300 bps on IL&FS fallout, slow sales

Along with HFCs, NBFCs account for about 60 per cent of real estate developers' loans as banks stayed away from lending to developers

Finance Ministry hopes 3-4 banks to come out of PCA framework this year

Dena Bank, which is among eight entities under PCA, will cease to exist from April 1, 2019.

IL&FS bond toxicity spreads rapidly, hits 4.7 million PLI policy holders

PLI is the oldest insurance company in India which was formed on February 1, 1884, under British India

RBI forms new NBFCs' category by merging 3 to ease operational flexibility

The decision was taken by the RBI in its last bi-monthly monetary policy

Renewed US sanctions on Iran to give boost to NPA-burdened Uco Bank

Uco Bank expects its privileged status processing refiners' payments for Iranian oil shipments to add more than Rs 8 billion to annual earnings

Lower growth capital remains a key challenge for banks under PCA

Though capital adequacy and net NPAs will improve, banks will need more capital to expand

Small savings investment hits a new high to fund power projects

NSSF offers high-volume long-term debt funding, an area where the bond market falls short

RBI emphasises on quick transmission of monetary policy action by banks

RBI Governor Shaktikanta Das held the first meeting with heads of select commercial banks after the monetary policy review on February 6, 2019

Total gross loan of microfinance industry grows 6% to Rs 65,090 crore in Q3

Combined microcredit portfolio of all lenders as on December 31, 2018, was Rs 1,57,497 crore

RBI governor Das asks bankers to pass on rate cut benefits to consumers

Even after the last policy rate reduction, only two banks--SBI and Bank of Maharashtra--chose to do something, by lowering just one-fifth of what the RBI did

Despite capital infusion, full turnaround two years away for PSBs: Moody's

Government had announced Rs 48,239 crore capital infusion into 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans

Fewer Kisan Credit Card borrowers as banks grapple with NPAs in farm sector

Several public banks are now focusing on agriculture infrastructure credit, like warehouses and cold storages, while the growth in KCC loans remains muted