Page 828 - Finance News

Budget 2018 may waive NOC to streamline transfer of stressed assets

NOC will be waived for transactions between firms under insolvency and those buying their assets

Bond yields spike 11 bps on Viral Acharya's interest rate risk remarks

Acharya's criticism on interest rate risk has not gone down well among public sector bankers

Affordable housing loans show good growth; NPAs rise too, says RBI

Housing finance companies (HFCs) and public sector banks (PSBs) experienced a slowdown in housing loan disbursements during 2016-17

RBI can't always bail out bank treasury, says deputy governor Viral Acharya

The comment comes at a time when banks have been lobbying with the central bank to allow spreading their treasury losses over a few quarters

Case for a prolonged pause on interest rates by RBI, say economists

But economists also say from now on minutes of the six-member Monetary Policy Committee meeting will make interesting reading

Foreign portfolio investors' interest gives private lenders a boost

The Nifty Private Bank index has rallied 150% in the past five years compared to 78% returns given by the Nifty amid a steady increase in FPI ownership

RBI may revise upwards inflation forecast for the year, says DBS Bank

It has currently factored in no change in rates in 2018 and two 25 basis points hikes next year

Federal Bank third quarter net surges 26% to Rs 2.6 bn on higher income

During the quarter, the gross non-performing assets (NPAs) fell to 2.52% from 2.77%

DCB Bank raises Rs 1.5 billion via bonds on private placement basis

These bonds carry an interest rate of 9.85% per annum for a period of 10 years from Jan 12, 2018

Bank of India postpones Rs 30-bn QIP plan after govt nod to infuse capital

The bank expects to be out of RBI's watchlist soon as it has put in place an aggressive bad loan recovery strategy

IDFC Bank-Capital First merger: The making of V Vaidyanathan as a banker

Right career moves and retail banking boom have helped Vaidyanathan reach the corner office

IDFC Bank and its hunger for growth: Story of merger with Capital First

IDFC Bank would issue 139 shares for every 10 shares of Capital First; m-cap of combined entity would be Rs 313 bn

IDFC Bank-Capital First merger: Gains for both justify the deal premium

But, growing deposit base will be the real test

How World Bank unfairly influenced its own competitiveness rankings

The World Bank's chief economist said he would recalculate national rankings of business competitiveness going back at least four years

HDFC to raise up to Rs 130 billion through preference shares, QIP

This will be the first equity raising by the country's largest pure-play mortgage lender in over a decade

IOBOA backs move to set off accumulated loss against share premium account

IOB will be in a position to declare dividends sooner, with a clean balance sheet

IndAS switch to impact banks' earnings, return on equity

All of them will have to report their financial statements from next year under the new rules

ICICI Bank says mobile app malware not a threat to customers

Statement follows cyber security firm Quickheal's warning to lenders about a malware in mobile banking apps running on Android

Asset reconstruction companies to step up bad loan purchases in Q4

Improved resolution climate and commercial compulsions force banks to clean up their books

BoI to be out of RBI watch list soon as bad loan recovery picks up: MD

Downgrading of accounts impacted the profitability as well as non-performing asset (NPA) position of the bank retrospectively