Page 788 - Finance News

PNB fraud case: CBI seeks red corner notice against Nirav Modi

The development comes after media reports said Nirav Modi had reached the UK and sought asylum. But the official said the agency was yet to ascertain where Modi was

PSBs may see Rs 180-200 billion mark-to-market losses in Q1FY19

With the current macro situation bond yields may stay well over 8 per cent levels by June 2018, say experts

No communication from SEC on Chanda Kochhar, says ICICI Bank

According to sources, the SEC has received complaints from institutional investors in the US to look into the matter related to corporate governance and disclosure issues

Banks to face bigger challenges than NPAs in the coming years, says SBI

SBI said the policy initiatives over the last four years have gathered momentum with far reaching structural transformation in all sectors and banks are unlikely to remain untouched by these changes

RBI issues draft norms to modify loan system for large borrowers

The central bank has invited comments on the draft guidelines from banks and other stakeholders by June 26.

RBI Governor Urjit Patel likely to appear before parl panel on Tuesday

The RBI Governor is expected to be questioned on the amount of cash returned post demonetisation, the PNB fraud, and the mounting bad loans of banks.

Cracking 'bad bank' tough nut, but it's not impossible, say experts

The NPA problem and the effect on bank balance sheets has not improved despite the Insolvency and Bankruptcy Code (IBC) process

Fraud-hit PNB signals recovery by Q2; eyes Rs 55 billion net profit

Govt refuses bank's demand for additional capital of Rs 80 bn

Govt weighs various options to bring down stake in IDBI Bank

According to a finance ministry official, decision in this regard will be taken in the next few months, and the government has already started the transformation process of the bank.

Public sector banks post Rs 870 bn net loss in FY 18, PNB tops the list

Out of 21 state-owned banks, only two -- Indian Bank and Vijaya Bank -- posted profits during 2017-18

SBI to auction 12 NPA accounts on June 25 to recover dues of over Rs 13 bn

SBI said interested bidders can conduct due diligence of these assets with immediate effect after submitting the expression of interest and executing a non-disclosure agreement w

SBI invests Rs 35 bn a year as it reaches out digitally to 420 mn customers

SBI has also been leading the digital charge with its DIGITAL VILLAGES project that it launched in July 2016

Banks fund agricultural technology companies for rural lending

YES Bank said it was partnering several fintechs to offer differentiated banking services in rural pockets of the country

'Bad bank' back on table: Piyush Goyal says panel will decide on ARCs

Finance Minister announces panel to consider formation of ARC for quicker resolution of stressed accounts

India Post Payments Bank launch likely this month; RBI may give nod soon

The Department of Posts was one of the 11 entities to get the in-principle nod from the RBI in 2015 for setting up a payments bank

RBI policy impact: 10-year gilt yield crosses 8%, rupee falls

Banks have been increasing their lending rates even before the RBI's rate hike this week

Panel to take a call on asset reconstruction company for tackling bad loans

Finance Minister Piyush Goyal said all executive positions in public sector banks will be filled up within 30 days

After RBI policy, HDFC Bank, Bank of India join others in hiking MCLR

HDFC Bank, the largest private sector bank in the country in terms of market capitalization, will from June 7 charge an interest rate of 8.40 per cent for a one-year term

Piyush Goyal meets chief executives of 15 PSBs today to draw up road map

The government will discuss a road map that banks are supposed to prepare to strengthen their risk mechanism systems

Quarterly profit forecasts hurt economy, say Warren Buffett, Jamie Dimon

Buffett and Dimon said they are not opposed to the current practice of quarterly and annual reporting that ensures