Page 706 - Finance News

RBI imposes Rs 2-cr penalty on PNB for non-compliance of SWIFT operations

Earlier this year, the RBI had imposed penalties worth Rs 71 crore on 36 public, private and foreign banks

HDFC To raise Rs 3,000 crore through non-convertible debentures

The coupon rate of the bonds is fixed at 8.55 per cent with redemption date of March 27, 2029.

Zero roadblocks for buying Jet Airways: SBI chairman Rajnish Kumar

'The meal is ready to be served. A new investor can demand salt and masala to taste'

RBI's Rs 3-trn bond buys this fiscal could distort market: Deutsche Bank

The Reserve Bank of India should instead consider cutting the cash reserve ratio, a move it last resorted to six years ago

Banks continue to rely on retail loans to boost their credit book: RBI data

What the data indicates is that banks are slowly restoring their confidence on the industry sector

No end of tunnel for HFCs, FY20 looks as difficult as FY19: Icra

HFCs are expected to report a 13-15 per cent credit growth in FY19, which will inch up to 14-16 per cent in next fiscal year, ratings agency Icra has said in a weekend report

Banks flag 'tardy' work, piling-up of cases at debt recovery tribunals

The concerns have been conveyed to the finance ministry through the Indian Bank's Association earlier this month

Sebi exempts govt from open offer for Union Bank after capital infusion

In February, the government proposed a capital infusion of Rs 4,112 crore in the public sector lender through preferential allotment of shares

Bad news for borrowers: Rise in NBFCs' funding cost may make loans costlier

Debt concerns have pushed funding costs for non-bank financing companies to multi-year highs in recent weeks

RBI defers launch of IndAs again, awaits amendments to the banking laws

In a late night statement, the RBI said the legislative amendments recommended by it are under consideration of the Centre

IDBI Bank, IOB dissent against Srei-backed resolution plan for DCHL

The two banks cite unfair treatment saying other lenders will get disproportionately higher amounts, object to payout through a mix of cash and non-core assets

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