Page 838 - Finance News

SBI's plan to invoke guarantees on companies under NCLT unlikely to succeed

Lawyers say SBI's credit recovery team will have to wait for a while

In a first since 2015, bad bank loans eased 0.4% to Rs 9.46 trn at Sept-end

RBI's clean-up drive, tighter rules helping; overdue loans also ease in September

PSBs review overseas operations, identify 41 units for rationalisation

Rationalisation could be in terms of consolidation of operations, trimming of staff strength

Large public sector banks' shares tank as Rs 880-bn recap plan disappoints

Allotment skewed in favour of smaller banks, say analysts; Nifty PSU Bank index tanks drops 5%

Bank recapitalisation: Rating downgrades arrested but upgrade is long haul

Focus shifts to board governance, performance improvement. Rethink on public offering in Fy18

Recap to mitigate PSB risks but NPAs to impact near-term performance: Fitch

The total amount is around 30% of the state banks' equity base and is a significant shift away from the earlier drip-feed approach

Budget 2018: 58% banks report rise in bad loans in July-December period

Banks say govt should allow full tax deduction on NPA provisioning as against 5% cap of taxable income in Budget 2018

SBI , other bank shares fall as recapitalisation plan disappoints

State Bank of India shares were down 2.7 per cent, Punjab National Bank was down 3.5 per cent

Recapitalisation plan: Govt to inject nearly $14 bn into PSU banks by March

IDBI Bank, the lender with the highest stressed-loan ratio, will get the biggest chunk of the money at 106.1 billion rupees

Weak banks to get lion's share of Rs 881-bn recapitalisation bonds

Govt sets strict terms for banks; to bring out report card on compliance

Former SBI chief Arundhati Bhattacharya named BS Banker of the Year

The short-list threw up 18 names with a decent representation across public sector and both old and new private banks

Banks' non-performing assets: Where have all the risk managers gone?

When we now talk about stressed loans of more than Rs 10 trillion, the 10 years from 2004 to 2014 become important, for this was the period when these loans were sanctioned and disbursed

Rs 800-bn recap bonds won't affect FY18 fiscal deficit target: FinMin

Govt has pegged the fiscal deficit target at 3.2% of the GDP for the current financial year

Canara Bank Q3 net plunges 61% to Rs 1.26 bn due to higher NPA provisions

CMD Rakesh Sharma said, 'We had to make Rs 740 million provision on treasury bonds which affected the decline in profits'

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