Page 814 - Finance News

RBI should ensure that PNB scam doesn't 'paralyse' financial system: Ficci

Ficci prez Rahesh Shah said, "We have to overcome the fear psychosis. The investigation should not result in fear psychosis."

PSBs recap should be part of broader package of financial reforms, says IMF

India's banking sector will be saddled with GNPAs worth a staggering Rs 9.5 trillion by March-end, up from Rs 8 trillion in the year-ago period

The better debtor? Decline in default on credit given to women-led groups

NPAs as a percentage of total loans given to women-led SHGs in January 2018 dropped to 2.55% from a high of almost 26% before bank linkages were introduced under NRLM around 2013

Time ripe for holding co for PSBs to fix fund-crunch, fraud mess: Mundra

In step two, the government should do away with the majority in the holding company.

PNB scam: Jewellers face working capital crunch as banks make loans harder

Lenders have increased the number of loan-approving staff; both fund-based assistance and opening LCs and executing export orders have been impacted

PNB scam: Govt makes passport details must for loans of Rs 500 mn and above

For all existing loans of over Rs 500 million, banks have been asked to collect passport details of borrowers within 45 days

Chinks in UPI armour begin to show; users lose money on failed transactions

Payments corp not following on cases of stuck payments and banks not upgrading capacity in line with volumes

Bandhan: Banking on lowest strata of credit market for its ambitious IPO

In its IPO filing, Bandhan Bank has valued itself at about Rs 450 billion-higher than any public sector bank, expect State Bank of India

PNB scam: Nirav Modi replied to CBI, will take time to return, says lawyer

'He'll take time to come back as there are security concerns and he's managing his business abroad', said Nirav Modi's lawyer

PNB fraud fallout: Loan disbursements to corporate India take a hit

public sector banks have scaled down activities like extending trade credit, guarantees and letter of credit

The case that can prompt foreign courts to extradite Nirav Modi

3 companies of Nirav that were hauled in for mis-declaration of exports of diamonds from their units at Surat SEZ could prove to be the lynchpin to the successful prosecution of the Rs 127 bn fraud

Scam-hit PNB may need to provide for around Rs 60 bn in losses this quarter

Bank to pay if RBI declines its relaxation plea

PNB scam fallout: RBI asks banks for details of LoUs as far back as 2011

Importers typically use LoUs issued by their local bank to raise cheaper foreign currency loans overseas to fund purchases

Rs 50-bn Sterling scam: ED files chargesheet against ex-Andhra Bank exec

This is the second charge sheet in this case after ED filed one against Delhi based businessman Gagan Dhawan

RBI fines Airtel Payments Bank Rs 50 million for KYC norms breach

The central bank made by a supervisory visit to the payments bank between November 20 and 22

Banks' gross NPAs at Rs 8.41 trn in Dec 2017; SBI highest at Rs 2 trn

Indian Overseas Bank bank had gross NPAs of Rs 317 billion

Before Nirav Modi scam, PNB lost Rs 28 bn to various frauds in FY17

PNB alone reported 158 cases of fraud in 2016/17

Union Bank has Rs 2.95-bn direct exposure to Nirav Modi, Gitanjali firms

Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case

HDFC Bank has picked arrangers for $2.4 billion share sale: Sources

HDFC Bank has a price-to-book multiple of 5.16, making it the most expensive among lenders across the globe with at least $50 billion in market value

Investors upset as four banks recall Rs 109-bn additional tier 1 bonds

The official said the bank had sought clarification on this issue and based on the feedback, the recall was to be exercised