Page 785 - Finance News

Fear at PSBs: Younger talent keeping away from project loan appraisal

Seniors are most unhappy at what they see as law enforcement agencies harassing bankers on not clearly established charges

Statsguru: Gross NPAs of PSBs stand at 14.5% at the end of FY18

PSBs are in a worse position, with 14.5 per cent of their loans turning bad at the end of FY18, up from 11.7 per cent the year before

34 in fray for MD post in BoB, UCO Bank, other PSBs; interview next week

This is the first time in so many years that deputy managing directors of SBI will appear for interview for the post of MDs

DRI serves arrest warrant to absconding diamantaire Nirav Modi via email

Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, have allegedly defrauded PNB of over Rs 130 bn. The CBI and ED have also registered cases of alleged fraud against them

ICICI Bank gets fresh whistleblower complaint on 31 loan accounts

The bank said that based on its investigations before the closure of accounts for the fiscal 2017-18, the claims have not been proven

Govt likely to sell a significant portion of its stake in IDBI Bank to LIC

The insurance regulator may take up the matter during its June 29 board meeting

Arrest of BoM brass: Bankers on the warpath, may meet govt on witch-hunt

Sources said bankers held discussions with Devendra Fadnavis late Friday night about the arrest of BoM executives

ICICI receives complaints about 31 loan accounts from anonymous complainant

The statutory auditors were provided periodic updates and their inputs were factored into the enquiry process.

ICICI Bank may ask independent directors to chair board meetings

The bank has government nominee Lok Ranjan on the board, who has not attended a single meeting since his appointment in April

Differentiation through innovation: Banks pick fintech firms over bigtech

Axis Bank, being one of them, has interacted with over 200 start-ups through the bank's innovation lab for fintechs, Thought Factory

SBI denies commissions on digital transactions to payment firms

SBI informed its payment partners that it is not going to share any fee with them if the transaction going through its payment gateway is of less than Rs 1,000 and originated from a non-SBI debit card

Feb 12 circular gives space for NPA resolution, RBI tells Finance ministry

The RBI made its stand clear at a stakeholders' meeting, called by the ministry to discuss the circular, the implementation of which was stayed for the power sector by Allahabad High Court

Bank of Maharashtra shareholders stand by CEO; shares slide 2%

Of total scam amount, deposit and loan fraud is to tune of Rs 10.83 bn banking and non-financial institutions-related fraud of Rs 7.11 bn debentures fraud of Rs 1.11 bn.

Eating out and salon treatments: It's a policy dilemma for RBI

The surge in expenditure is pushing core inflation higher and could keep overall consumer price inflation well above the Reserve Bank of India's (RBI's) 4.7 per cent target by March 2019

RBI e-mail on risk control in November 2016 did not reach us, says PNB

CBI's probe into the Rs 143 billion Nirav Modi-Mehul Choksi fraud hinges on the premise that the Delhi-based bank did not follow suggestions made by the Reserve Bank of India (RBI) from time to time

B Sriram of SBI appointed MD & CEO of IDBI Bank

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

CBDT proposes clear-cut timelines under transfer pricing

the department, through a draft notification, suggested that the amount should be returned within 90 days of signing of APAs and MAPs.

RBI moots legal entity identifier for bond, money markets by October end

RBI in its draft plan has said participants, other than individuals, undertaking transactions in the markets it regulates shall obtain LEI codes as in the schedule

UBI expects recovery of Rs 40 bn from settlements under NCLT by 2018-19

The bank has also requested the RBI to relax norms on risk-weighted assets, so that it can expand its lending book

Critical lapses, blatant violations led to Nirav Modi fraud: PNB report

The report said that it is "incomprehensible" that branch staff did not notice the fraud being committed