Page 743 - Finance News

BOI posts net loss of Rs 11.56 bn as against net profit of Rs 1.79 bn in Q2

The Reserve Bank of India in December 2018 put BOI under the prompt corrective action (PCA) framework, allowing it to take decisions to keep the the state-owned lender steady.

On RBI, Modi govt should avoid the bug of moving fast and breaking things

Just when the RBI could be most effective, government overreach has brought relations to a dangerous low.

Banking system needs to ensure liquidity in market, says Arun Jaitley

Jaitley's comments come at a time when both the RBI and the government are witnessing a tense relationship that has spilled out in the public

Despite rise in lending rates, NBFCs push bank credit by 14.4% to 5-yr high

Bank credit grew 4.45% for the fortnight to October 12, the data shows

RBI vs govt: 18 board members being watched for their next course of action

The entire board is appointed by the government under the RBI Act

BFIL shareholders to meet on Dec 11 to OK merger with IndusInd Bank

The merger will be effected through an all-stock transaction of BFIL into IndusInd through a Composite Scheme of Arrangement

UTI Mutual Fund receives November payments for DHFL's commercial papers

Experts say, while larger non-banking entities are covered for their near-term payments, funding for fresh business may be a challenge for some players

Govt says not asking RBI for money, but it's not peace between them yet

DEA Subhash Garg says discussions are on only over capital framework

Amid fund crunch, RBI scraps registration of 31 NBFCs; majority from Bengal

A majority of voluntary application for licence cancellation is also from Bengal

Indian Bank records 66.7% decline in Q2 net at Rs 1.50 bn, income up 5.23%

The total income of the bank increased by 5.23 per cent to Rs 51.29 billion during the quarter

Indian Bank's exposure to crisis-hit IL&FS group stands at Rs 18 billion

Indian Bank's total exposure to the NBFC sector is around Rs 204.77 billion

Indian banks showing positive signs but fundamentals still weak: DBS report

Overall, most banks showed a reduction in gross non-performing loans (NPLs) and lower formation of new NPLs

IL&FS row: 50 top NBFCs need Rs 700 bn in Nov to redeem commercial papers

The crisis of confidence comes even as asset quality of NBFCs is largely steady

Green shoots of liquidity for NBFCs, HFCs in commercial paper market

Rating agency CRISIL in a statement said there had been some change in market sentiment over the past two weeks with gradual easing in funding access for non-banks

Crisis-hit NBFC sector sees private equity investments growing 88% in 2018

The increase in overall PE investment value has been despite the number of deals this year being lower than last year, and the sector facing a liquidity crisis

Govt to infuse Rs 30.5 billion as fresh capital in Allahabad Bank

This is the govt's contribution in the preferential allotment of equity shares of the bank during the financial year 2018-19

NBFCs may prove to be a drag on economic growth, warns DBS' economist

But this will come as a growth booster for banks, which for long have been ceding credit market share to NBFCs, said DBS' economist

Indian Bank raises Rs 1.1 bn through Basel-III-compliant Tier-2 bonds

The board had earlier approved the raising of Basel-III-compliant AT1 or Tier-2 bonds up to Rs 10 billion

MFIs working on Rs 5-bn loan pool for sale to banks to ease liquidity

Banks buy such pools through bilateral or one-on-one deals to meet their priority sector lending targets

Indian regulations on PCA, capital are conservative, rule-based, says SBI

The report said being traditionally more conservative helps in withstanding crisis and early recognition of the problem leads to timely corrective measure