Page 827 - Finance News

Bank recapitalisation bonds exempted from SLR amount, to be non-tradable

The bonds will be of 10-15 year tenure and the coupon will be set at a spread over the three-month average yield

Recap plan: Govt to infuse over Rs 880 bn into 20 PSBs but with riders

IDBI Bank getting the most at Rs 106 bn, SBI to get Rs 88 bn, Rs 92.32 bn for Bank of India; loans above Rs 2.5 bn will undergo special monitoring

Note ban impact: Banking correspondents feel the heat of banks cutting cost

Earlier, an average BC, providing a business of Rs 0.5-0.7 million a month, would earn as much as Rs 5,000-7,000 as commission

ONGC raises Rs 180 billion loan to part finance acquisition of HPCL

The company is likely to sign-up more loan agreements to pay for acquiring government's 51.11 per cent stake in HPCL for Rs 369.15 billion.

Ex-RBI chief Raghuram Rajan says India rate panel's doing a good job

The RBI under Patel will keep the repurchase rate unchanged at 6 percent when it reviews policy Feb. 7, according to most economists in a Bloomberg survey

Bitcoin for payments: Why critics' view is wrong and will become more so

In the last 3 months of 2017, almost $150 bn was processed in transactions - nearly 10 times more than a year earlier and seven times higher than what Western Union moves among consumers in a quarter

Axis Bank Q3 profit up 25% to Rs 7.2 bn as net interest income grows

Bank's Capital Adequacy Ratio stood at 17.5 per cent at end of December 2017

Spike in govt bond yields, falling prices credit negative for PSBs: Moody's

Said in the last few quarters, a large proportion of PSBs' operating profit was derived from the profitable sale of investments

India Inc's deal hunt will drive offshore bonds rush in 2018: Citi

India remains a small player in the G3 bonds market that's dominated by Chinese firms, which raised an equivalent of $215 billion last year

Recapitalisation bonds for reviving PSU banks won't have same tenure

During the present recapitalisation exercise, the bonds will have non-SLR status and will be non-tradable

Physical banks will become history in next 3 years in India: Amitabh Kant

In the next three-four years, India will have a billion plus smartphones, Kant said

WhatsApp earnings leak case: Axis Bank appoints agency to help with probe

Action to be taken based on the outcome of investigation: Lender

Banks must develop better risk-pricing skills, says RBI's Vishwanathan

Banks are saddled with over Rs 10 trillion of bad loans in the system

IL&FS Transportation to issue Rs 2,000-cr masala bonds

The proceeds of the issue will be primarily used to repay high interest bearing short-term debt

Govt to soon bring corporate governance norms at state-owned banks

Improving the quality of credit appraisal at these banks is among the likely changes

YES Bank posts 22% rise in Q3 net profit at Rs 10.76 bn; NII jumps 27%

Net interest margin, the difference between the yield on advances and cost of fund, stood at 3.5%

SBI to raise Rs 200 bn for affordable housing, infrastructure projects

Earlier this month, SBI had announced plans to raise up to $2 billion by issuing bonds in the US dollar

Centre mulls permitting 100% foreign investment in private banks

Proposal to increase ceiling to 49% in public sector banks

Axis Bank raises loan rates by 5 bps over growing margin pressure

The Reserve Bank has also virtually told the banks that it would not allow any special dispensation to safeguard their bottom lines

All 14 designs of Rs 10 coin are legal tender for transactions: RBI

In a statement, the central bank clarified that it puts into circulation the coins minted by government mints