Page 758 - Finance News

IOB seeks shareholders' approval to issue preferential shares to govt

These preferential shares, including share premium, would aggregate to Rs 21.57 billion

PNB wilful defaulters' dues fall marginally to Rs 150.75 bn at Aug-end

The bank's gross NPAs or bad loans as on June end stood at Rs 828.89 billion

Blame game begins at IL&FS as ex-independent directors defend their role

An ousted director said that the nominee directors of the shareholders not only did not endorse the suggestions of raising capital, but did not come up with an alternative solution either

High compliance costs can trip digital payments

I would like to specifically highlight the parts of the Bill, which, if implemented, urgently can drive the digital payments industry to registering three-digit growth

NBFCs attract 107 investments from PE/VC funds between 2015 and H1 of FY18

The medium, small and micro enterprise (MSME) financiers and microfinance (MFI) sub-sectors saw 26 deals apiece during the period

IL&FS' lenders to feel heat of defaults in Q2, see dent in capital adequacy

Provision for bond value erosion to hit treasury income

Uneven liquidity profile of large and small banks showed in September

With the quarter and financial half-year ending, banking system liquidity was strained due to advance tax outflow and goods and service-related payments

New variable pay formula to cover loss-making public sector banks too

A performance matrix has been framed by the IBA and PSBs will be put in six different categories based on their profitability

Despite regulatory hurdles, foreign banks continue to be in a sweet spot

If you were to compare profitability and return ratios, foreign players win hands down over state-run and even private banks

What is the cause for the recent disagreement among UTI shareholders?

The five-shareholder arrangement has not worked for UTI thus far. It took more than two years for the AMC to appoint a new chief after UK Sinha left the firm in February 2011

IL&FS-led NBFC crisis may help banks regain corporate credit share: Report

NBFCs thrived on ample support from global funds and lighter regulations, but they are likely to face greater scrutiny now

IL&FS: Third time's the charm as govt succeeds in taking over private firm

The Ministry of Corporate Affairs seems to have taken past lessons to heart while building a water-tight case in the IL&FS issue

Govt takes control of IL&FS; new board may choose Uday Kotak as chairman

NCLT said the new board must hold its meeting by October 8 and come out with a roadmap before the next hearing on October 31

YES Bank asserts strong show ahead of official Q2 to stem share price fall

YES Bank says fully geared for Rana Kapoor's succession

UPI transactions up 30% to 405.8 mn in Sept, amount to over Rs 598.35 bn

Over 120 banks are now live on UPI in the country as on September

Govt seizes control of debt-laden IL&FS; new board to meet before Oct 8

The dramatic move underscores the government's concern about IL&FS' defaults spreading to other lenders in the world's fastest-growing major economy

Home loan to get costlier: HDFC raises retail prime lending rate by 10 bps

With the revision, PNB's overnight marginal cost of funds based lending rate (MCLR) now stands at 8.2 per cent as against 7.9 per cent

Bandhan Bank: RBI's rap on knuckles brings new worries for investors

Even if financials aren't destabilised in the near-term, the stock may remain under pressure until promoters firm up on stake reduction

Investor who warned India of liquidity crisis now sees RBI as less hawkish

Authorities are already pulling out the stops to ensure financial stability, with RBI and government taking steps last week to boost liquidity and support the rupee

Asset quality outlook 'stable', proportion of NPAs down in a year: YES Bank

The lender said it will finalise the two external members on a panel to search Kapoor's successor by October 7