Page 784 - Finance News

Canara Bank to raise Rs 10 billion under employee stock purchase scheme

PNB, Allahabad Bank and United Bank have already announced plans under employee stock option schemes

PNB scam: Accused challenges PMLA court's jurisdiction, seeks case transfer

The CBI had earlier booked Bhatt along with others under IPC section 420 (cheating) and relevant sections of Prevention of Corruption Act in connection with the fraud

Retail lending up 25%, number of accounts 32% in FY18: Cibil data

The report found robust growth in all consumption lending products consumer durable loans, credit cards and personal loans - during the period under review

Allahabad Bank likely to recover Rs 55 billion in FY19: N K Sahoo

The Bank is hopeful of raising close to Rs 5 billion from sale of non-core assets

PNB scam: ED to start extradition process for Nirav Modi after court's nod

The ED is understood to have sought Modi's extradition from the UK, Belgium, and a few other countries

NBFCs' financial profile improved in FY18: RBI's financial stability report

NBFCs have to maintain a minimum in tiers-I and II capital of not less than 15 per cent of aggregate risk-weighted assets

PSU banks more prone to frauds, says RBI's financial stability report

More than 85 per cent of the frauds happened with public sector banks, which significantly exceeded their relative business share in credit of around 65 per cent

DBS Bank's Indian arm to start in October, more branches to come up

The regulatory approval (Final) from Reserve Bank of India is expected in next few weeks

No RBI norm flouted in loans given to D S Kulkarni, say IDBI, Vijaya Bank

The loan was sanctioned in compliance of all RBI norms and in consortium with SBI

LIC may enter banking space; eyes majority stake in IDBI Bank

While a final decision is yet to emerge on whether LIC would be snapping up over 50 per cent stake in IDBI Bank, official sources said the preliminary contours of such a plan is being worked out

Gross NPA ratio of banks likely to worsen by 12%, says RBI report

The report further said profitability of all commercial banks declined, partly reflecting increased provisioning

DSK Group scam: Pune court reserves bail plea of BoM's CEO Ravinder Marathe

Marathe and other top officials of the nationalised bank were arrested last week

Bankers not being hounded; BoM arrests an aberration: FinMin official

The finance ministry official further said being a large country such aberrations do happen but they only help make the system better for the future

SBI set to rope in strategic advisor, to focus on capital conservation

As a step to attain scale and gain efficiencies, the bank merged five associates banks and Bharatiya Mahila Bank (BMB) with itself in 2017-18

UCBs with deposits of Rs 1bn should have Boards of Management, says RBI

BoM will be in addition to the Board of Directors (BoD), said the RBI's draft guidelines on which it has invited public comments by July 24.

Sebi backs adjudication proceedings against ICICI Bank, CEO Chanda Kochhar

ICICI Bank may face a penalty of up to Rs 250 million under the relevant Sebi regulations for such lapses, while the fine for Kochhar may go up to Rs 10 million, besides other penal actions.

There is room for further rate hikes by RBI to check inflation: HSBC

Earlier this month, the central bank had hiked the key rate by 0.25 per cent to 6.25 per cent

A bond-trading secret that helped one Indian bank beat its peers

The answer, according to the head of treasury and global markets at Bank of Baroda, goes back to a contrarian bet taken two years ago

IDBI, LIC boards to decide stake deal, won't micromanage: FinMin official

The media reports also said the government had sought the views of insurance regulator IRDAI and markets watchdog Sebi on the move

Banking woes: 11 PSB heads to appear before parliamentary panel on Tuesday

The number of frauds reported by banks increased from 4,693 in financial year 2015-16 to 5,904 in 2017-18