Page 767 - Finance News

Agricultural loans worth Rs 590 bn went to 615 accounts in 2016: RTI report

Data from the RBI reveals that massive amounts have been given to people in the name of agricultural loans even during the UPA govt

Micro finance company Satin to hive off its MSME lending business

Satin is hiving it off because 85% of its lending has to be micro finance lending, according to RBI rules

Was not aware of Videocon's deals with husband, says Chanda Kochhar

Kochhar has also apprised Sebi of the current status of outstanding loans to the Videocon group

RBI's rate panel member Ravindra Dholakia questions 8.2% economic growth

Higher manufacturing growth rate gives "rise to serious doubts about the veracity of new estimates", said Dholakia

Bank of Baroda increases MCLR by 5 basis points days after SBI rate hike

The rise in MCLR will make home, auto and other loans costlier for customers

Charges, restrictions may prove dear for India Post Payments Bank clients

According to its 12-page document, reviewed by Business Standard, there are 80 different charges and restrictions for accounts with IPPB

Union Bank hopes to recover Rs 20 bn from three stressed power units

The total exposure of the bank in the power sector is about Rs 60 billion

LIC may seek Sebi exemption for open offer to IDBI Bank shareholders

As per the Sebi's takeover code, an acquisition of more than 25 per cent in a listed entity is termed as control and requires an open offer

Debt resolution under IBC process: Banks take 47% haircut in RBI first list

Lack of capacity at the NCLTs is turning out to be a big concern for the investors as well as lenders

Trying to have bank operations since 2000: LIC tells Delhi HC on IDBI deal

The All India IDBI Officers Association has also sought withdrawal of the approval given by the Insurance Regulatory and Development Authority of India (IRDAI) to the transaction

Allahabad Bank to raise about Rs 15 bn via disinvestment in non-core assets

The bank is also in the process of closing its Hong Kong branch, which would release some capital

NPAs worth over Rs 4 trillion to be resolved by 2018 end: India Ratings

This is about 45 per cent of bad loans worth Rs 10.2 trillion standing in the books of the top 500 debt-heavy corporates

RBI employees' 2-day mass leave deferred, banks to remain open on Sept 4, 5

The mass casual leave programme was likely to have paralysed operations of the central bank and other major lenders across the country

Madras HC slams SBI for granting loans to corporates without security

Madras high court said it will issue necessary orders to arrest all the officials and persons involved in the 'scam'

Commercial banks with over 10 branches to have internal ombudsman: RBI

The apex bank has, however, excluded regional rural banks from appointing IOs

'Wise Owl' of Mint Street: Urjit Patel completes two years as RBI Governor

As Urjit Patel completes two years in office as the RBI Governor, the jury is still out whether he has been a 'hawk or a 'dove'

Banks meet 4% of India Inc's Q1 funding requirement of Rs 2.87 trillion

Sources other than banks provided Rs 2.76 trillion of finance to the corporate sector in the same period

Months before PNB scam blew up, Nirav Modi bought property in New York

Nirav Modi's personal residence in New York has long been an apartment at Essex House, located at 160 Central Park South

SBI to form separate unit for Mumbai Metropolitan business region

Experience with independent unit for Mumbai region will be basis for taking decision any changes in other states

SBI hikes lending rates by 20 bps across all tenures up to 3 years

The MCLR for one year, a benchmark rate for most retail loans, increased to 8.45 per cent from 8.25 per cent earlier