Page 764 - Finance News

Rana Kapoor's tenure as YES Bank MD and CEO to end in January 2019

RBI has asked the bank to start the search for Kapoor's successor

PSB recapitalisation: Govt to inject Rs 23.5 bn into Central Bank of India

Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds

CBI scrutinises India's largest law firm Cyril Amarchand in PNB fraud probe

Cyril Amarchand Mangaldas declined to comment on its relationship with Nirav Modi, who is on the run overseas

Sebi says ICICI Bank, other related entities have not filed for settlement

The bank and Kochhar have been maintaining there had been no regulatory violations on their part and that she was not aware of specific business dealings of her husband

BoB, Dena, Vijaya Bank merger to improve operating efficiencies: Report

Crisil Ratings in its report said the success of the three-way merger will be crucial as it will pave the revival path for other weak public sector banks

Banks pushing for supply chain finance on back of low SME bad loans

Negligible non-performing assets in the segment is a driving factor for banks

Sorry, network out of order! How the ATM ecosystem landed in quicksand

A sliver of hope is if the RBI were to buy the plea that the inter-charge should not be looked at as a floor for customer-facing pricing even when hiked

RBI has the reserves, if not the will, to prop up the sagging rupee

The Reserve Bank of India can sell an additional $25 billion, at least, in the foreign-exchange market, SBI estimates

PSBs lose $2.8 bn in m-cap after BoB-Vijaya-Dena merger announcement

While some state-run lenders rose on Tuesday, most fell on concerns about eroding capital buffers and growing bad debt for buyers

Merger negative for Vijaya Bank, BoB; don't rush to buy PSBs, say analysts

The merger seems to be grossly negative for Vijaya Bank and Bank of Baroda in the short term, as the negative net worth of Dena Bank will have to be absorbed by the merged entity

Merger of BoB, Dena, Vijaya Bank may bring in savings worth Rs 10 billion

Credit rating agency Moody's on Tuesday said the merger of these banks would bring benefits of scale and governance

Markets see MPC hiking rates by at least 50 basis points in coming months

Typically, an interest rate defence of currency is meant to protect the real interest rate differential between countries

IL&FS mess highlights failure of key stakeholders, corporate governance

A line of defence by IL&FS is that the mounting dues from various agencies were the prime reason for its liquidity woes

Jaitley to meet PSU banks chiefs next week; to review financial performance

Lenders have made cash recovery of Rs 365.51 billion in the first quarter of the current fiscal

PNB shareholders approve ESPS scheme; Rs 28 bn capital infusion by govt

Shareholders also voted to clear the issuance of over 310 million shares to the government as part of recapitalisation of PNB by the Union govt

SBI to put 8 bad loan accounts under the hammer to recover Rs 39 billion

Interested bidders are required to submit their expression of interest on e-bidding for these accounts which is slated to be held on September 26

IOB to follow PSU peers, sell non-core assets worth Rs 7 bn

In January the bank had set off accumulated losses with share premium amount, in an effort to spruce its balance sheet

PSU banks merger: For the merged bank focus ought to be strategy, not size

Three into one gives Bank of Baroda an opportunity to innovate

BoB-Dena-Vijaya merger credit positive, will improve governance: Moody's

The rating agency, however, expects that the merged entity will require capital support from the government, otherwise, such a merger would not improve their capitalisation profile

CBI takes over probe in Rs 12-bn illegal fund transfer from UBI in 2016

The money was reportedly traced to banks in Cambodia, Thailand, Taiwan and Australia from the nostro account of UBI