Page 806 - Finance News

Reserve Bank of India drops Axis Bank from list of bullion importers

Bank of Baroda, HDFC Bank and Bank of Nova Scotia were among the 16 banks allowed to import bullion

RBI asks Axis Bank to reconsider decision to re-appoint Shikha Sharma

The RBI letter also cited the bank's performance and deteriorating asset quality condition over the years

Canara Bank to raise Rs 4.5 billion via offloading stake in Canbank Factors

Canara Bank is contemplating a number of steps to augment its capital position

Don't believe rumours, your money is safe with us: PNB to customers

has come out with a detailed set of FAQs to address concerns of customers in the wake of the recent fraud

PNB scam: CBI questions officials of BoI, Axis and Allahabad Bank

Modi's firms allegedly defrauded PNB of over Rs 60 billion, while Choksi's firms over Rs 70 billion

Stressed bank loans at Rs 9.5 trn in Dec, PSB loans account for Rs 8 trn

Private sector lenders' stressed loan pile was about Rs 1.1 trillion, or 4.6% their total loans

RBI allows banks to spread bond trading losses over four quarters

The move will come as a major reprieve to India's state-run banks, which have been hard hit by trading losses from a spike in bond yields over recent months

ICICI Bank's board to meet today to review insolvency cases before NCLT

ICICI Bank pointed out that the board meeting is routine in nature

NBFCs and HFCs fear Rs 2.2-trn NPA mess owing to note ban, Rera, GST

According to a report by property consultant JLL, as many as 440,000 residential units remained unsold across key cities at the end of 2017

PSBs have a role in creating infrastructure: BBB chief Vinod Rai

Rai, however, said that PSBs still have a role to play especially in supporting the infrastructure sector

PNB fraud: RBI examining enforcement action, issues confidential circular

The RBI, however, declined to share details of communication received from the PNB on the alleged fraud

Allahabad Bank slashes lending rates by 45 bps to lower EMIs for borrowers

The revised rates are effective from April 2

Canara Bank not to divest stake in Can Fin Homes due to low price quotation

Canara Bank has decided to call off divestment process of it entire stake in Canfin Homes Ltd

Ahead of monetary policy, Urjit Patel holds meeting with Arun Jaitley

Currently, the key rate at which the RBI lends to banks is 6%

RBI to take hawkish stance by end-2018, hike rates early next year: Poll

The RBI is expected to change its stance toward policy tightening by year-end, according to 60 percent of 33 economists

PNB worried Nirav Modi won't pay up, chasing the bucks in US now

PNB has not been shown as a creditor in the bankruptcy documents filed in a New York court by three companies affiliated with Nirav Modi

PNB scam and banking crisis: NPAs soared, profits plunged for banks

The gross NPA ratio of the industry was at 10.32% (Rs 8.86 trillion) by the end of December 2017 quarter

Jana Small Finance Bank is looking at listing its shares by March 2021

Jana Small Finance Bank has started with a comfortable capital adequacy ratio (CAR) of about 35 per cent and loan book of Rs 80 billion

Education loan growth rate dips from 17% to 2%, NPAs jump from 5.5% to 7.5%

The education loan market is estimated to be Rs 733 billion

Lack of liquidity forces banks to raise rates; RBI may maintain status quo

One reason why SBI had to raise rates so frequently is the rapid rise in bond yields