Page 761 - Finance News

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

RBI set to hike interest rate next week to prop up faltering rupee: Poll

The predicted rate hike would be the RBI's third this year, having lifted borrowing costs in June and August

IndusInd Bank gets regulatory clearance to buy IL&FS Securities Services

The closure of the transaction was underway, subject to the fulfilment of all conditions precedent specified in the share-purchase agreement, the Mumbai-based bank said in its disclosure

Govt to consider PSBs' demand to relax PCA framework for banking system

Finance Minister Arun Jaitley held the annual performance review meeting of PSBs on Tuesday and discussed wide-ranging issues, including the need for early capitalisation of banks this fiscal year

Bad debts declining, PSU banks' loan recovery picking up: FM Jaitley

Financial Services Secretary Rajeev Kumar said banks expect to recover Rs 1.8 trn through IBC and other routes during the current fiscal

YES Bank to seek RBI nod to extend MD & CEO Rana Kapoor's term beyond Jan

The bank has set up a committee to find Kapoor's successor

Crisis-hit IL&FS may get a lifeline with LIC, SBI likely to increase stakes

The two institutions could increase their stakes through rights issue

Amid crisis, IL&FS takes over Collage Group's property to recover Rs 1 bn

Nomura India's latest report says the IL&FS group has a consolidated debt of Rs 910 bn