Page 707 - Finance News

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

RBI categorises IDBI Bank as private sector lender after LIC acquisition

n January, LIC completed the process of picking up a controlling 51 per cent stake in the nearly crippled IDBI Bank

PSBs may report net profit of Rs 23,000-37,000 crore in FY20: Report

In the first nine month of FY19, the net losses stood at Rs 42,900 crore and is expected to increase to Rs 65,000 crore during FY19 as compared to Rs 85,400 crore during FY18

Low retail inflation gives RBI room to support economic growth: Bimal Jalan

The former governor currently heads a central bank-appointed panel, which is studying how much of the RBI's surplus capital can be transferred to the government

RBI to hold quarterly meetings with banks' auditors, review governance

RBI to hold quarterly meetings from April 1 on NPAs, governance and fraud

RBI to swap $5 billion with banks to aid system liquidity

This liquidity will return only in the next financial year as the government starts spending

Banks to raise interchange fees for ATM operators by Rs 1.5 to Rs 2

The ATM industry has been lobbying for an increase of inter-change by Rs 3 to Rs 18

SFBs may grow at 30% over medium-term, need Rs 6,000cr capital by FY2

These banks have witnessed growth in assets under management, deposits, and better return on their equities, besides mitigating business risks through diversification