Page 786 - Finance News

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

BoB moves agricultural, digital banking and HR functions to Baroda

Forges alliance with IBM, Accenture for IT, data analytics

RuPay takes small finance bank route for network expansion

Promoting digital adoption among low income, rural clients through incentives

Low profits, high NPAs: Task cut out for Sandeep Bakhshi as ICICI Bank COO

In addition, he will have to move swiftly to control any damage that may have been caused to the bank's image and investor confidence due to the loan controversy

ICICI Bank: Chanda Kochhar is no longer the boss and won't be missed

The ideal outcome for investors would no doubt have been for Bakhshi to be named CEO. But then, the board has to think about its own interests

RBI may raise rates again by year-end but August hike still in play: Poll

In a poll ahead of the central bank's June meeting the median consensus had shown no hike until August

Root cause of India's banking crisis: A non-existent corporate bond market

Both banks and India Inc have incentives to stop the creation of a bond market

Many companies may not get credit from PSBs in FY19: India Ratings report

Government's substantial cash infusion of Rs 1.53 trn into state-run banks in FY19 would be adequate to cover credit costs emanating from stressed assets

ICICI Bank board appoints Sandeep Bakhshi as whole time director, COO

Chanda Kochhar will be on leave till completion of the enquiry. However, she will continue to remain the CEO and MD of the bank

HDFC Bank to mull relying on Indian market in $2.3 bn share sale

HDFC Bank said in December its board had approved a potential equity offering of as much as Rs 240 billion

Banks Board Bureau recommends 22 names for EDs post in Public Sector Banks

MD&CEOs selection process underway

Depositories share companies' information with exchanges on FDI limits

As per the separate notices issued by the two bourses, a red flag has been activated in HDFC Bank, Wonderla Holidays, IndusInd Bank, Ashapura Minechem, Cyient Ltd and S H Kelkar and Company

Wilful defaults by PNB's big borrowers rise by 2% in May to Rs 154.90 bn

PNB suffered a standalone net loss of Rs 122.82 billion in 2017-18, as against a profit of Rs 13.24 billion in 2016-17

United Bank of India bets on resolution of 30 accounts referred to NCLT

UBI has experienced deterioration in its asset quality in the March quarter of FY18

Fitch downgrades ICICI Bank, revises Axis Bank rating to negative

Axis Bank's capital buffers are less comfortable for its current rating despite raising of fresh capital

IDBI Bank scouts for transaction advisor to sell stake in AMC arm

Shares in insurance venture likely to be offloaded by September

SBI General to launch 'inherent defects' policy for real estate developers

SBI-General will launch 5-year inherent defects product in next six to eight weeks and has received the IRDAI approval

Reserve Bank of India relaxes norms for FPI investment in bonds

FPIs had lobbied with the RBI and finance ministry, as well as the Securities and Exchange Board of India (Sebi), that a huge lot of NCD issuance was stuck because of RBI rules

ICICI Bank-Videocon case: Auditors and lawyers to help Srikrishna probe

ICICI Bank's audit committee, led by board member Uday Chitale, would assist the independent probe