Page 840 - Finance News
Use of share premium for write-off to hasten IOB's return as dividend-payer
Bank recently informed bourses its board had approved the use of the balance available in the share premium account to write off its accumulated losses to present a fair view of its financial position
 "Use of share premium for write-off to hasten IOB's return as dividend-payer")
Indian Oil, BPCL, HPCL want banks to cut MDR on card purchases by half
However, banks might not prove to be receptive to the OMCs' demand
 "Indian Oil, BPCL, HPCL want banks to cut MDR on card purchases by half")
SBI to raise up to $2 bn through overseas bonds to fund expansion
The bank said it has time until March 2018 to raise the funds
 "SBI to raise up to $2 bn through overseas bonds to fund expansion")
NPA crisis: 1,463 bad loan accounts owe PSU banks Rs 1 bn or more
Punjab National Bank topped the chart with 143 NPA accounts carrying over Rs 1 billion each
 "NPA crisis: 1,463 bad loan accounts owe PSU banks Rs 1 bn or more")
NBFCs must embrace technology to attract private equity investments: Study
As most of public sector banks and some private banks are grappling with bad loans for last many years, it has generated a tremendous opportunity for NBFCs to ramp up its scale
Note ban effect: Low base lifts banks' credit growth to 10.65% in December
The base figures are getting revised due to the demonetisation drive and that is where you are seeing the growth, said SBI's P K Gutpa
Branch additions drop as Modi govt's digital push changes banking sector
RBI's May 2017 guidelines shifted the focus from branches to banking outlets
 "Branch additions drop as Modi govt's digital push changes banking sector")
Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases
Total claims under insolvency proceedings stands at over Rs 1 trillion as of September, RTI replies show
 "Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases")
Rift over first ESOP issuance by UBI, Allahabad Bank
Recently, UBI's board of directors had approved a proposal to issue up to 50 million equity shares in one or more tranches by way of ESOP
 "Rift over first ESOP issuance by UBI, Allahabad Bank")
New ten rupee note introduced by RBI: Here's how it looks
Konark chakra symbol is printed on the new Rs 10 note to be issued by the RBI
 "New ten rupee note introduced by RBI: Here's how it looks")
RBI ramps up circulation of low-value notes in first 9 months of 2017-18
The share of small denomination currency in the total value of the currency was 13% at the time of demonetisation
State Bank of India mulls revising minimum balance amount and penalty
It recently said on an average balance of Rs 3,000 in the metros, SBI earned only Rs 6 a month
 "State Bank of India mulls revising minimum balance amount and penalty")
Govt introduces a new 10-year benchmark bond at a coupon of 7.17%
Against the older 10-year benchmark, the government had raised Rs 1.21 trillion
 "Govt introduces a new 10-year benchmark bond at a coupon of 7.17%")
Banks fear Rs 150-250-bn MTM loss over abrupt bond yield movement
RBI approached for leeway to spread the losses over some quarters
 "Banks fear Rs 150-250-bn MTM loss over abrupt bond yield movement")
Indian Overseas Bank plans to write off its losses from reserves
Bank will utilise funds in its share premium account to write off accumulated losses of Rs 69.8 bn at the end of last fiscal year
RBI likely to maintain status quo on rates for entire 2018, say experts
As such, even as the market is not expecting a rate hike immediately
 "RBI likely to maintain status quo on rates for entire 2018, say experts")
Rs 200-note recalibration: ATM operators see Rs 1.2-bn bounty on RBI diktat
The process will require an engineer to visit each ATM location and recaliberate one of the cassettes to accommodate the Rs 200 notes
 "Rs 200-note recalibration: ATM operators see Rs 1.2-bn bounty on RBI diktat")
MSMEs' non-performing loans remain high in Gujarat in Q2FY18
The sector saw a marginal fall in NPAs compared to the preceding quarter of April-June 2017 when it posted a figure of Rs 75.030 bn
Fund infusion to level capital profiles of public, private banks: Report
The report also predicts that bad loan issues that the banks face today may peak by this fiscal year
 "Fund infusion to level capital profiles of public, private banks: Report")
Soon, ATMs nearest to you will dispense Rs 200 notes
The RBI in July last year had stopped printing Rs 2,000 notes in favour of printing Rs 200 and other lower denomination currencies
 "Soon, ATMs nearest to you will dispense Rs 200 notes")