Page 722 - Finance News

Fincare Small Finance Bank aims to raise Rs 250-300 crore, says CEO

Fincare announced this during its entry into Hyderabad with the launch of its branch at Banjara Hills

RBI governor Shaktikanta Das favours flexible policy objectives

The RBI Act was amended in November 2016 to make the goal as "maintaining price stability keeping in mind the objective of growth." Before that, growth was a clear objective of the RBI

NPA recognition may drag till FY20, bad loans could spike by Rs 5 trn

Over Rs 1.21 trillion debt (a part of the Rs 4.10 trillion) is likely to emanate from corporates rated 'AA-' and above, a report said

SBI in talks with PEs, hedge funds to sell Rs 15,431-crore Essar loan

According to the list of financial creditors as of October 2018, SC Lowy Primary Investments has an exposure of about Rs 900 cr in Essar Steel on account of loans assigned by HDFC Bank and Axis Bank

Bombay High Court defers Kotak Mahindra Bank vs RBI matter to March 12

The counsel representing the RBI sought more time from the court to file the affidavit in reply to the writ petition filed by the private lender in the HC

RBI-industry meet: India Inc pitches for rate cut to prop up growth

In a meeting with RBI Governor Shaktikanta Das, industry chambers suggested measures to ease tight liquidity situation and reduce high cost of credit in the light of consistently falling inflation

SBI raises $1.25 bn via bonds from overseas market for biz expansion

SBI has concluded the standalone issuance of fixed rate senior unsecured notes in two tranches of $850 mn for 5 years

RBI slaps Rs 1-cr fine on Bank of Maharashtra for not complying with norms

According to RBI, the fine was imposed for non-compliance with 'Master Directions on Frauds-Classification and Reporting'

IIFL to raise Rs 2,000 crore via public issue of bonds starting Jan 22

The bonds will have a call option, which means the management can buy back the bonds, if they wish to, after a specific period

Cabinet approves Rs 6,000-crore capital infusion in state-owned Exim Bank

The Union Cabinet, chaired by Prime Minister Narendra Modi, also approved an increase in the bank's authorised capital from Rs 10,000 crore to Rs 20,000 crore

State Bank of India to raise $1 billion through bond sale

The bank will raise about $ 700 million through five- year bonds and $300 million through three-year bonds

SBI plans sale of Essar loans worth Rs 15,000 crore as part of cleanup act

Senior SBI executive said the sale if goes through would give bank immediate cash to be deployed for lending operations

SBI, other banks agree to finance Nagpur-Mumbai Samruddhi Corridor

The estimated cost of the project, being constructed by the Maharashtra State Road Development Corporation, is around Rs 50,000 crore

Vishakha Mulye reappointed as Executive Director of ICICI Bank for 2 years

The reappointment is effective from January 19, 2019, ICICI Bank said in a regulatory filing

Cabinet approves capital infusion of Rs 6,000 cr in Exim Bank over 2 years

The government had provided for Rs 500 crore towards capital infusion in the Exim Bank in the budget for this fiscal

After bankers and NBFCs, RBI Governor to meet industry chambers on Thursday

In the run-up to Urjit Patel's resignation last month, multiple stakeholders, including government ministers, had complained about the RBI not listening to industry concerns

RBI may take dovish stance in February policy on soft retail, WPI inflation

The inflation based on the Consumer Price Index (CPI) eased to an 18-month low of 2.19 per cent in December compared to 2.33 per cent in November and 5.21 per cent in December 2017

White House considering Indra Nooyi for World Bank president role: Report

She has been courted as an administration ally by Ivanka Trump, the president's eldest daughter who is playing a role in the selection of a nominee

RBI to infuse Rs 10,000 cr via open market operations to raise liquidity

The RBI plans to inject liquidity under OMOs for Rs 50,000 crore in January 2019

Explained: How tokenisation is enabled, its impact on card transactions

RBI has permitted authorised card payment networks to offer card tokenisation services to consumers requesting it, in an effort to improve safety and security of card transactions