Page 766 - Finance News

PNB puts nearly two dozen NPAs on sale to recover over Rs 13.20 billion

"We intend to place these accounts for sale to ARCs/NBFCs/other banks/FIs etc, on terms and conditions stipulated in the bank's policy, in line with the regulatory guidelines," PNB said

PNB puts 21 NPA accounts on sale to recover over Rs 13.2 billion

The accounts include Moser Baer Solar, Divine Alloys & Power Co Ltd, Divine Vidyut, and others

With NPAs worth Rs 500 bn, banks need 40-60% haircut to get RP4 rating

According to the RBI's February 12 circular, all resolution plans with a rating of RP4 are considered to have a moderate degree of safety regarding timely servicing of financial obligations

Amidst falling rupee, RBI adds another 6.8 tonnes of gold to forex reserves

Centre may be gradually adding gold equivalent to the sale of sovereign gold bonds, says an analyst

ED charges are false and baseless: Mehul Choksi breaks silence on PNB Scam

'They have attacked my properties illegally without there being any basis of the same,' Choksi said

Dutch bank ING removes CFO Koos Timmermans over money laundering probe

It emerged last week that the Netherlands' number one bank paid $897 million to settle a criminal probe over money laundering

YES Bank raises $400 mn via syndicated loan facility to back its IFSC unit

The bank had also recently raised $400 million through two syndicated loan transactions in Taiwan and Japan

SBI's plans to raise dollar funds through green bonds' issue put on hold

Keeping in view the uncertainty and higher costs of the fund, the bank has decided not to go ahead with the plan for the time being, says a senior executive with the global lender

Banking system liquidity in surplus mode but call rates are on the rise

The spike in borrowing could be explained by the possibility of liquidity turning tight ahead of advance tax outflow, which has started

ICICI Bank to offer MSMEs loans up to Rs 10 mn based on their GST returns

Firms availing loans needn't submit several other financial statements, the bank says the move will reduce paperwork, cut lead time between application and sanction

Over optimistic bankers, growth slowdown responsible for bad loans: Rajan

'A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong,' said Raghuram Rajan

PNB scam: Interpol issues red corner against Nirav's sister Purvi Modi

According to ED officials, Purvi Modi and other family members of Nirav Modi were the recipients of the proceeds of the crime

Amitabh Chaudhry is the much-needed facelift for Axis Bank; here's why

With a strong candidate stepping at the right time, fortunes might turn in favour of the bank, say experts

YES Bank aims to grow retail portfolio by 75% to Rs 560 bn in next two yrs

Currently, Yes Bank's retail asset book size is close to around Rs 320 billion

RBI may conduct OMO purchase to infuse liquidity into banking: Bankers

Under the OMOs, RBI buys certain government securities from the market, which thereby provides liquidity to the system

HDFC Life's Amitabh Chaudhry appointed as CEO & MD of Axis Bank

Chaudhry will replace outgoing MD & CEO Shikha Sharma whose term ends on December 31

RBI to conduct special audit of IL&FS over loan defaults worth Rs 10 bn

IL&FS has been facing liquidity problems for some time now

With 47% below 35 years of age, banks gear up for 'millennial' account

Millennials constitute 47% of the country's working population and will be the primary contributors to economic growth

HDFC Life board to meet on Sep 12 to consider appointment of new MD, CEO

In a filing to the stock exchanges, HDFC Standard Life said Chaudhry, Managing Director & CEO of the company, has tendered his resignation

RBI imposes Rs 10 mn fine on Union Bank for delay in fraud detection

The bank further said it received communication from RBI on imposition on penalty on September 6