Page 769 - Finance News

Axis Securities offers commodity futures trading to its customers on MCX

ASL has also applied for membership to the NCDEX to make available to its customers commodity futures currently active on this exchange

Allahabad HC order to undermine future investment in Indian power sector

The order will be a negative for large power generation projects belong to companies like Jaiprakash Associates, Lanco, GMR, KSK and Essar Power

SBI changes names, IFSC codes of nearly 1,300 branches post merger

The lender has published a list of new branch codes as well as the IFSC codes of these branches

Allahabad HC denies interim relief to power cos on RBI stressed loan norms

Power producers had approached the Allahabad High Court to prevent lenders from initiating insolvency proceedings against them

Par panel questions RBI on failure to take preemptive action against NPAs

The panel, which includes ex-PM Manmohan Singh as a member, wanted to know the reasons of ever-greening of stressed accounts through restructuring schemes of RBI

Stressed power assets: 180-day deadline breach not end of road, say bankers

There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 trillion

Hiring activity in NBFC sector likely to go up by 30-40% in 1year: Experts

Experts see increased hiring in tier-II cities for roles in sales, collection underwriting and risk

Dues owed to PNB by big willful defaulters fall by 1.8% to Rs 151.75 bn

The bank made a recovery from bad loans to the tune of Rs 77 billion in the first quarter ended June

RBI must ensure greater participation of banks in gold imports: NITI Aayog

'The banks are the nominated agencies for import of gold. There are very few banks active in their role as the nominated agencies for gold imports,' the report highlighted

Switch to EMV chip debit cards by December 31: SBI tells customers

EMV chip card protects against counterfeit (skimming) card fraud. EMV chip card and PIN protects against both counterfeit (skimming) and lost and stolen card fraud

PSU banks plans closure of 70 overseas offices during this fiscal

PSBs closed down 35 foreign operations last year

PNB ranked as top PSU bank in online transactions in India: FinMin report

The bank is rated as 'Good' by the government with a score of 71 which is the highest category of performance

Cosmos Bank Rs 940-mn cyber hack: Money withdrawn from 28 nations, say cops

The cyber cell's aim now is to find out the 'money mules' who were used to withdraw the money using ATMs in foreign countries

Improve governance practices to regain public confidence: RBI tells UCBs

RBI has taken several measures to restore public confidence in urban cooperative banks (UCBs)

SBI looking to revive corporate lending this year: Chairman Rajnish Kumar

The SBI chairman hopes to register an overall credit growth of 10% in the current year

SBI expects 10% credit growth in FY19, hopes to bounce back into profits

The country's largest lender suffered a hefty loss of Rs 48.76 billion for the June quarter due to higher bad loans

Banking sector facing 'serious crisis' on macroeconomic front: Amit Mitra

credit availability to MSME sector getting 'squeezed' as PSBs are restrained from lending

PSBs should have operational freedom like private lenders: G Padmanabhan

Most of the public sector banks are saddled with a huge amount of bad loans pile up in their accounts

Resolution soon on 7-8 stressed power assets worth Rs 170 bn: SBI MD

The RBI has mandated banks to identify projects with even a day's default as a stressed asset

SBI fixes plans for six stressed power assets; RBI deadline ends Monday

Other lenders yet to come on board