Page 781 - Finance News

PNB invites bids to sell 3 NPA accounts to recover over Rs 1.36 bn

The process of e-bidding for the sale of these accounts will happen on July 7, 2018, the bank said

Banks finalise inter-creditor agreement to fast-track NPA resolution

The meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil Mehta Committee earlier this week

Newsmaker: Sunil Mehta has a tough task ahead on Stressed Asset Resolution

After submitting a five-point plan to fight toxic assets, Mehta's job has only just begun

HDFC Bank most valuable bank in the emerging market outside China

HDFC Bank has been one of the biggest gainers

Banks to cease cryptocurrency transactions from July 10 after RBI directive

Cryptocurrency trade in rupees will stop from midnight, while exchanges or cryptocurrency companies will now be unable to avail loans or hold bank accounts

ICICI Bank crosses Rs 1.5 trn in home loans, aims for Rs 2 trn by FY20

A first among private peers; now aims for Rs 2 trillion home loan book by FY20

Chanda Kochhar asked to reply to Sebi show cause notice by July 10

Kochhar did not respond to the notice by the June 7 deadline

FM Piyush Goyal to meet heads of banks today to discuss NPA cases

The meeting has been organised by Indian Banks Association (IBA) and inter creditor agreement would be the framework under which the consortium would take up NPA cases

ICICI Bank aims to grow home loan book to Rs 2 trillion by FY20

It has also enabled an online repository of 30,000 approved projects across 40 cities

RBI's infusion of durable system liquidity under OMO keeps bonds in check

Bond yields moved up from 6.5 per cent level last August to nearly about 8 per cent by May

Vijaya Bank hikes cost of lending rates for select tenor up to 50 bps

For loan of a three-year tenor, the borrowing rate will be costlier by 0.50 per cent to 9.25 per cent

Yes Bank receives Sebi approval to venture into mutual fund business

The lender said it has recruited a team to establish the operations under the guidance of the Board of Directors and trustees

PNB to designate 60 branches to carry out loan operations above Rs 500 mn

The bank will create these SIBs across the country as part of its credit restructuring exercise

Common Service Centres to work as banking correspondents of HDFC bank

HDFC Bank CEO Aditya Puri said that all the facilities which are available in cities will be made available to people in rural areas through CSCs

Banks' unsecured loan rise 4 times the credit during last 3 yrs: Report

As of March 2018, outstanding unsecured loans stood at around Rs 5 trillion, accounting for 26 per cent of retail lending, compared to 21 per cent three years ago

Rs 800-900 billion needed to resolve large toxic loans, says Sunil Mehta

SBI indicates it could put in Rs 100 billion for stressed asset resolution

Equity capital raising at three-year high; Axis Bank tops the league table

Axis Bank topped the league table, with Citibank coming a close second

Sub-prime borrowers fuel affordable housing boom for lenders, HFCs

While the total disbursement of housing loans by PSBs as well as HFCs witnessed a deceleration in 2016-17, there was significant growth for the lower slabs

PNB denies reports of shutting down fraud-hit Brady House branch in Mumbai

PNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011

PNB scam: ED to seek 'fugitive economic offender' tag for Mehul Choksi

The ED will file an application under the recently-promulgated Fugitive Economic Offenders Ordinance