Page 782 - Finance News

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

IDBI Bank staff oppose takeover by LIC, call it privatisation

In unfortunate eventuality of govt failing to review its stand in the matter, officers, employees of IDBI Bank will be left with no other option but to take recourse to organisational forms of action

Axis Bank CEO Shikha Sharma's basic pay hiked 7.8% to Rs 29 mn in FY18

Gross salary of the chief executive came in at Rs 48.8 million for the 2017-18 fiscal. Additionally, there were 5,40,000 stock options in her portfolio during the year

PNB to shut all operations at fraud-hit Brady House branch in Mumbai

The 123-year-old bank has lost more than half its market value since the fraud came to light in late January

UPI transactions grow fastest in six months, up 30% at 246 mn in June

Value of transactions rose 22% from Rs 332 bn to Rs 408 bn between May and June

Interpol issues Red Corner Notice against jeweller Nirav Modi in PNB fraud

Modi has managed to travel across several countries even after information about his passport being revoked was flashed in the Interpol central database

Central Bank of India to raise Rs 80 bn to strengthen core capital

The proposal was approved by shareholders at the bank's annual general meeting held on June 30

HDFC Bank MD's remuneration declines to Rs 9.65cr in 2017-18

The remuneration drawn by Puri and bank employees, in terms of ratio, stood at 209:1 meaning he took home 209 times more than the median employees' remuneration for the year

Arijit Basu takes charge as Managing Director of State Bank of India

Prior to this role, Basu was designated as Deputy Managing Director (DMD) in the bank

LIC deal may be a game changer for IDBI Bank; capital adequacy to get boost

The results of the deal are visible as IDBI's stock surged about 12 per cent during Friday's trading session with an expected nod from the Irdai to LIC for 51 per cent stake in the bank

No pre-IPO placement for HDFC Mutual Fund distributors

The mutual fund house, which manages assets over Rs 3 trillion, had made a private placement of shares worth Rs 1.5 billion to 140 distributors

Statsguru: Gross NPAs of scheduled commercial banks rise to 11.6% in FY18

In a business as usual scenario, the RBI expects bad loans to rise to 12.2 per cent by March 2019

Former SBI MD B Sriram takes charge as MD and CEO of IDBI Bank

Sriram has been working as the MD (Corporate and Global Banking) in SBI since July 2014

SBI MD Sriram retires with Centre's nod amidst IDBI stake sale buzz

The development assumes significance as Sriram was recently appointed the chief of financially troubled IDBI Bank

Irdai allows LIC to buy up to 51% stake in debt-ridden IDBI Bank

LIC, which holds stakes in several banks, will also need the Reserve Bank of India's (RBI's) approval to own such a large stake in IDBI Bank