Page 779 - Finance News

IDBI Bank will soon approve allotment of preference shares to LIC

The bank would also get accounts of about 220 million policy holders and subsequent flow of fund

LIC board gives nod to acquisition of up to 51% stake in IDBI Bank: Garg

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet

Indian IT decision makers see strong role for AI in BFSI sector: Report

More players in the BFSI segment are set to deploy AI-based fraud detection and prevention tools and chatbots/voicebots for customer support over the next six months to a year

PNB's bad loan recovery of over Rs 77 bn in first quarter tops FY18 level

The remaining amount will be covered in the three quarters of the current fiscal year

Finance Ministry may ask Sebi to extend public float deadline for PSBs

Due to successive capital infusion in the NPA-ridden PSBs, the government holding in them has increased and the public float deferred in the last two years

Fraud-hit PNB eyes biggest bank profit, may sell stake in housing finance

The 124-year-old PNB is trying to regain its financial health and credibility following the uncovering of a $2 billion fraud this year

HSBC India names Amitabh Malhotra head of investment banking

Prior to HSBC, Malhotra worked at Rothschild India, where he advised on the Idea-Vodafone merger, restructuring and capital raising for SpiceJet, among other deals

Amitabh Malhotra appointed as head of Investment Banking for HSBC India

Prior to HSBC, Amitabh worked at Rothschild India, where he was the co-head and managing director of the Global Investment Bank

Surging housing costs may prompt Reserve Bank to raise rates again

In June, the Reserve Bank of India raised rates for the first time since 2014 and revised its inflation forecast for the fiscal year 2019

DBS aims to cover 18 more cities in India in next 12 to 18 months

DBS is a big project and infrastructure finance house, rated among the top three or four in Asia

Will SBI's bond plan help India Inc's comeback to the offshore market?

Some analysts question whether SBI's bond sale will revive offshore issuance even if its deal is successful

Bank, insurance firm unions threaten nationwide stir over govt policies

The Coordination Committee of Bank, Insurance and Finance Unions has decided to organise dharnas in all state capitals on July 14

Lack of clear structure to hinder banks' fundraising plans via ESOPs

Uncertainty over staff participation, lack of clear structure key obstacles

Despite falling numbers, service access in urban banks is better than rural

Rural still works on cash, largely; city branches have gone digital, making service access more seamless

CBI books three Mumbai companies for banking fraud as SBI loses Rs 1.36 bn

Searches were conducted at 17 places in Mumbai, Raigad, Malegaon, Amravati, according to a CBI official

With no relief from Sebi, LIC to make open offer to IDBI Bank shareholders

LIC's name will be tagged to the lender's name as a part of rebranding

Axis Bank recommends three candidates to succeed CEO Shikha Sharma

ICICI Bank is also grappling with management shuffling with Chanda Koccha

No impact of ownership change on debt-ridden IDBI Bank rating, says ICRA

The existing ratings factor is in the sovereign support

IndusInd Bank Q1 up by 24% at Rs 10.36 billion, asset quality falls

CASA (Current Accounts-Savings Accounts) Ratio improved to 43.42 per cent against 37.78 per cent in June 30, 2017

Who will succeed CEO Shikha Sharma? Axis Bank shortlists three candidates

Axis Bank will be submitting its application in respect of the recommendations relating to the said appointment, for the approval of the RBI