Page 710 - Finance News

Banks want RBI to defer IndAS roll-out over higher loan-loss provisioning

Banks would be required to prepare financial statements for the financial year beginning April 2019 as well as for the previous year for comparative purpose under IndAS

Exim Bank raises $500 million by issuing bonds, proceeds to support exports

Exim Bank said the bonds were distributed 87% in Asia and 13% in Europe and offshore US

DHFL did not promote any shell companies, says audit report

The independent audit report is on 39 of the 64 allegations levelled against the housing finance company by a news agency

NBFCs face new governance, exposure code: From licensing to CEO package

RBI wants to snuff out evergreening, stock-play via bank-led units; risk-based supervision on cards

NBFCs looking at offshore funds to diversify borrowing sources

The relaxation in the ECBs and masala bonds norms has made it attractive for the NBFCs and HFCs to tap into the offshore credit market for funds

RBI to infuse Rs 12,500 crore into financial system through OMOs

The decision is based on an assessment of liquidity conditions and also of durable liquidity needs, it added

RBI fines ICICI, SBI and 17 other banks for non-compliance on SWIFT use

The RBI imposed the fines over the past four days, according to stock exchange filings by the banks, though specifics of the non-compliance were not disclosed

RBI to buy govt securities via OMO for Rs 12,500 crore on Thursday

The decision on OMO is based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward

Bank of Baroda cuts lending rate by 10 basis points; loans to be cheaper

The new rates are effective from March 7

RBI slaps Rs 1-cr fine on Yes Bank for non-compliance in Swift operations

Post the PNB fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kinds of transactions

A few banks, NBFCs find market favour as funding pressure recedes

Asset quality improvement, receding funding pressure boost confidence, with 14 stocks trading near 52-week high

RBI's NBFC risk-weight move to carve Rs 1.4 trn for bank credit: Crisil

Of this, banks could deploy a portion towards higher rated NBFCs given the lower risk weight for these entities

RBI slaps Rs 11-cr fine on 4 banks for non-compliance in Swift operations

Swift is the global messaging software used for transactions by the financial entities

Central Bank puts stressed accounts of Bhushan Power, Essar Steel on sale

Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank. Alok Industries owes Rs 1,251 crore, Essar Steel India Rs 423.61 crore

Banks still need to lend Rs 1 trillion to meet FY19 Mudra target: Govt data

According to the Budget 2018-19, the government intends to disburse loans of up to Rs 3 trillion in the current financial year ending March 31

PSBs likely to go on a fundraising spree to reduce govt shareholding

However, with market sentiments remaining muted, the fundraising might not be an easy task, especially for banks which are still under PCA.

2008 recap? World is still blind to risks of these financial instruments

Built into this speculative episode, like its predecessors, is a euphoric flight from reality and a blindness to risks that continue to rise

RBI imposes penalties of 2 crore on IDBI and Rs 1 crore on Dena Bank

Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018

Ravneet Gill takes charge as new Yes Bank head, succeeds Rana Kapoor

With this, bank's new composition of the board of directors has ten members

Ex-Finance Secretary Hasmukh Adhia appointed non-executive chairman of BoB

The Appointments Committee of the Cabinet has approved his appointment as part-time non-official director as well as non-executive chairman on the board of Bank of Baroda for a period of three years