Page 742 - Finance News

Lulu Group MD Yusaff Ali acquires 4.99% stake in ESAF Small Finance Bank

With this investment, the Indian billionaire now owns 5% in a Kerala-based Bank

Ashok Chawla steps down as non-executive chairman of YES Bank

Ashok Chawla continues to be a director on the boards of the National Stock Exchange and Jet Airways

How IL&FS used its subsidiary Kanak Resources for suspicious fund transfers

Manipulation, exploitation and eventual acquisition of Kanak Resource Management Limited has unearthed a raft of shady lending and borrowing ops

IDBI Bank remains in red; posts net loss at Rs 36.02 billion loss for Q2

The ailing lender, which is under PCA regime, posted a drop in net interest income to Rs 13 billion

Ashok Chawla quits as non-executive chairman of YES Bank; replacement soon

Ashok Chawla's resignation is effective from November 14, 2018, the company said

Punjab National Bank issues EoI for stake sale in PNB Housing Finance

PNB owns 32.79 per cent stake in PNG Housing Finance

United Bank of India net loss widens to Rs 8.8 billion; gross NPA rises

The gross NPA as a percentage of total lending stood at 22.69%, while net NPA stood at 14.36%

Govt to press hard to align RBI regulations with international norms

In the regulator's central board meeting, it will ask the RBI to ease provisioning norms for micro, small and medium enterprises (MSMEs) to bring them in line with the Basel framework

NBFCs go easy on hiring as IL&FS crisis hits their lending business

Until a few months ago, NBFCs were recruiting chief executive officers with annual packages of Rs 20-45 million

Allahabad Bank posts net loss of Rs 18.2 billion for September quarter

The bank has assessed a capital requirement of about Rs 18 bn to maintain capital adequacy according to Basel-III norms

RBI to inject Rs 120 bn liquidity by purchasing govt securities on Nov 15

The OMO operation will help ease tight liquidity situation triggered by series of default by group companies of IL&FS

Govt wants RBI to ease lending norms for PCA banks in November 19 meeting

It's entirely up to North Block as the owner to find a way to get state-run banks out of the prompt corrective action framework

NBFC woes, rising rates send India Inc CFOs' optimism to 19-qtr low: Poll

Over 72% of CFOs polled said they expect availability of funds to decline or remain the same, the highest level in 27 quarters

Allahabad Bank to raise additional Rs 18-19 bn to shore up capital adequacy

The lender on Tuesday reported a net loss of Rs 18.22 billion in the quarter to September

Govt wants RBI to adopt less stringent Basel-III norms for capital adequacy

This issue may come up for discussion in the upcoming board meeting on November 19

SEBI tightens disclosure, review norms for credit rating agencies

SEBI ordered CRAs to analyse deterioration in the liquidity conditions of an issuer, while monitoring its repayment schedules and taking into account any asset-liability mismatches

Here's why RBI is convinced that India's shadow banks need to suffer

Ever since IL&FS defaulted on some of its debt recently, the entire sector has been starved of funds

CSB to amend Articles of Association to give board seats to Fairfax

Fairfax agreed to invest around Rs 12 billion in the bank

Beleaguered IL&FS' board to sell stake in 2 clearing services subsidiaries

The new board has requested NHAI and Ministry of Road Transport to settle claims filed by IL&FS' companies for concessions

UCO Bank Q2 net loss widens to Rs 11.3 bn as bad loans soar; stock falls 4%

The stock of the bank closed 4.27 per cent down at Rs20.20 on the BSE on Monday