Page 839 - Finance News
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
 "RBI may revise upwards inflation forecast for the year, says DBS Bank")
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%
 "Federal Bank third quarter net surges 26% to Rs 2.6 bn on higher income")
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
 "DCB Bank raises Rs 1.5 billion via bonds on private placement basis")
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
 "Bank of India postpones Rs 30-bn QIP plan after govt nod to infuse capital")
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-Capital First merger: The making of V Vaidyanathan as a banker")
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 and its hunger for growth: Story of merger with Capital First")
IDFC Bank-Capital First merger: Gains for both justify the deal premium
But, growing deposit base will be the real test
 "IDFC Bank-Capital First merger: Gains for both justify the deal premium")
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
 "How World Bank unfairly influenced its own competitiveness rankings")
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
 "HDFC to raise up to Rs 130 billion through preference shares, QIP")
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
 "IOBOA backs move to set off accumulated loss against share premium account")
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
 "IndAS switch to impact banks' earnings, return on equity")
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
 "ICICI Bank says mobile app malware not a threat to customers")
Asset reconstruction companies to step up bad loan purchases in Q4
Improved resolution climate and commercial compulsions force banks to clean up their books
 "Asset reconstruction companies to step up bad loan purchases in Q4")
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
 "BoI to be out of RBI watch list soon as bad loan recovery picks up: MD")
IndusInd Bank: A strong growth in core operations overshadows jump in NPAs
Gross NPA ratio jumped by about 22 bps year-on-year to 1.16% in Q3
 "IndusInd Bank: A strong growth in core operations overshadows jump in NPAs")
SBI to raise Rs 200 billion via long-term bonds for affordable housing
SBI had earlier proposed to raise Rs 50 billion for the purpose
 "SBI to raise Rs 200 billion via long-term bonds for affordable housing")
IndusInd Bank Q3 net profit rises 25% to Rs 9.36 billion; stock falls 2%
The capital adequacy ratio for the quarter was 15.83%, an improvement as against 15.31% in the previous quarter
IndusInd Bank Q3 net profit rises 25% to Rs 9.36 bn; stock falls 2%
The bank had recorded a net profit of Rs 7.5 billion in the October-December quarter of last fiscal
Bank of Baroda seeks to sell unit Nainital Bank to bolster capital
Nainital Bank has about 135 branches spread across five states in the country
 "Bank of Baroda seeks to sell unit Nainital Bank to bolster capital")
Rising corporate bond yields augur well for bank credit
Firms rated AA and below would find it cheaper to take a bank loan over a bond issue
 "Rising corporate bond yields augur well for bank credit")