Page 719 - Finance News

PSBs would need another Rs 50,000 crore fund infusion in FY20: SBI report

This one year window has afforded an opportunity to PSBs by an estimated relief of around Rs 35,000-38,000 crore

Timely resolution of insolvency cases can free up Rs 67,000 cr: Icra

Report notes that Insolvency and Bankruptcy Code's success has been a mixed bag so far

Bank of Baroda Q3 profit rises to Rs 471 crore, asset quality improves

Total income in the reported quarter increased at Rs 14,562.85 crore as compared to Rs 12,976.28 crore in the year-ago period

Public sector banks to turn more profitable: Piyush Goyal after review meet

RBI Governor Shaktikanta Das addressed the PSB chiefs earlier in the day and took stock of the liquidity situation

CBI to soon summon Chanda Kochhar, other suspects in ICICI Bank case

It is alleged that during the tenure of Chanda Kochhar, six loans worth Rs 1,875 crore were cleared for Videocon Group and its associated companies

Canara Bank Q3 net up over two-fold to Rs 317.5 cr as NPA provisioning dips

Provisions and contingencies during the reported quarter stood at Rs 1,977.34 cr, as compared to Rs 2,673.64 cr in the same period of 2017-18

RBL Bank Q3 net up 36% at Rs 225 crore on better interest margins

Net Interest Income up 40% to 655 crore; improvement in asset quality seen in better NPA ratios

Amid delayed insolvency process, Cantor, SC Lowy eye India's bad loans

Indian banks' bad debt problem, second in the world only to Italy, offer opportunities for a potentially lucrative form of investing known as merger arbitrage

PNB board found no criminality against sacked executive directors

On January 18, the finance ministry, issued an order to sack Rao and Sharan

Under-reporting policy claims may be behind rising health inflation

IIB has analysed how prices of health insurance claims have risen over a seven-year period, since 2010

Reality test needed for RBI credit rules

The RBI says banks may consider the applications from exporters and grant permission for opening or hiring of warehouses abroad

Govt empowers PSU banks to seek lookout circulars against wilful defaulters

The SFIO and PSU banks can initiate the process if they suspect that the defaulter may leave the country to escape the law

Tamil Nadu CM urges Modi to allow cooperative society to resume business

Repco Micro Finance last year submitted a proposal for getting a licence as Small Finance Bank, but the Reserve Bank of India told it only applications for universal banks were being considered

SC upholds validity of Insolvency and Bankruptcy Code in its entirety

The companies like Swiss Ribbons, Shivam Water Treaters, and Ganesh Prasad Pandey, an individual petitioner, had challenged various provisions of the IBC, such as Sections 7, 12 and 29

RBI governor Shaktikanta Das meets economists, discusses liquidity

A group of 10 economists were invited for the meeting where participants discussed about liquidity, consumption and investment slowdown, among other issues

Direct taxes to exceed target of Rs 11.5 trillion in 2018-19: CBDT chairman

In 2017-18, the revised estimate was higher than the Budget Estimate by 2.6%

Explained: How digitisation achieved success on the back of demonetisation

According to industry experts, 2017 was the year of digitisation

SC notice to RBI on pleas seeking contempt proceedings for violating RTI

The pleas claim that RBI and former governor Urjit Patel had 'willfully and deliberately' disobeyed SC's judgement asking the central bank to disclose information under the RTI Act

Don't cast net too wide: Jaitley on CBI's handling of ICICI Bank case

CBI has named former ICICI Bank MD & CEO Chanda Kochhar, her husband Deepak Kochhar, Videocon Group promoter Venugopal Dhoot as accused in the ICICI-Videocon loan case

Money trail: A timeline of CBI's probe into ICICI Bank-Videocon case

On May,'09, Chanda Kochhar took over as ICICI Bank MD and CEO