Page 760 - Finance News

IL&FS jumps by record in dim sum bond mkt on hope of shareholders' support

IL&FS Transportation Networks' dim sum bond rose about 1 point to 49.1 on Friday

RBI may further pare G-sec buybacks, cut borrowings in second half of FY19

Officials from the Finance Ministry and Reserve Bank of India will meet on Friday to decide the borrowing calendar for October-March

PNB board approves proposal to seek Rs 54-bn capital support from govt

The finance minister Tuesday committed capital support to banks after meeting heads of public sector lenders

RBI frees up about Rs 2 trillion worth of liquidity for the banking system

The RBI said banks can now consider 2 percentage points of their statutory liquidity ratio as part of the liquidity coverage ratio

Govt fights rupee drop as RBI takes steps to ease liquidity for banks

The Reserve Bank of India allowed banks to dip further into statutory liquidity reserves to help them meet their liquidity coverage ratio needs

YES Bank denies window dressing of corporate accounts to hide NPAs

The RBI recently curtailed the tenure of Yes Bank's founder and CEO Rana Kapoor till January 2019

Court directs ED to file charge sheet against accused in loan fraud case

An "open-ended NBW" does not carry a time limit for execution unlike non-bailable warrants

SBI to issue and encash electoral bonds from Oct 1 to 10, says FinMin

These bonds will be issued at 29 authorised branches of State Bank of India

NBFC crisis could slow down projects, derail India's robust growth story

A fall in economic growth would be a blow to Prime Minister Narendra Modi and the ruling Bharatiya Janata Party, which is already under pressure from protests over rising fuel costs

Ready to meet liquidity requirements of the banking system, says RBI

The system liquidity is in ample surplus at this point

Performance-based fund infusion for public sector banks unlikely

State-run banks may not get capital based on their performance and reform measures

RBI monetary policy preview: Expect a rate hike despite bond turmoil

'If the bond market turmoil affects the macroeconomic stability, it would affect rupee even further'

Banks to recoup market share as high rates, tighter liquidity hit NBFCs

A steady decline in 10-year government bond yields beginning the second half of 2014 led to a sharp decline in borrowings costs for non-bank lenders

SBI offloads 4% stake in general insurance arm for Rs 4.81 billion

The country's lead lender also plans to sell a stake in SBI Card and SBI Capital Market, MD Rajnish Kumar said

Bank credit rose by 13.46% to Rs 87 trn; deposits by 8.58%: RBI data

Bank deposits had grown by 8.88 per cent to Rs 116.45 trillion in the fortnight ended August 31, 2018

RBI says linking Aadhaar to bank accounts must

The RBI clarification followed media reports quoting a reply to an RTI application that suggested RBI hadn't issued any order for mandatory Aadhaar linkage

After Jaitley's promise, PNB plans to ask govt for Rs 54-bn infusion

The finance minister committed capital support to banks after meeting heads of public sector lenders

No proposal yet from IL&FS for additional funds: SBI chairman Rajnish Kumar

LIC, which is the largest shareholder with over 25 per cent stake, had Tuesday said it wouldn't allow the group to go belly up

Fitch places Bank of Baroda's viability rating on 'rating watch negative'

The action comes a day after another international rating agency Moody's affirmed ratings of Bank of Baroda, and kept outlook on all the ratings as stable

Over half the 21 listed PSBs are unfit to absorb weaker state-owned banks

Many of the remaining 11 contenders are also in a precarious position; Indian Bank appears to be the only one to have the financial muscle to absorb some of the bleeders