Page 841 - Finance News

Credit grows at over 10% in December

Last year this time credit growth base was low owing to demonetisation

Facing mergers and pay cuts, UCO Bank staff launch platform for turnaround

UCO Bank is currently under prompt corrective action (PCA) by the Reserve Bank of India

Centrum Capital board okays plan to raise Rs 180 bn

Centrum will also raise a sum not exceeding Rs 7.5 billion through issue of securities in one or more tranches

RBI puts Allahabad Bank under prompt corrective action

The RBI inspection has revealed high net NPAs and negative ROA for two consecutive years

Govt to roll out 650 branches of India Post Payments Bank by April: Sinha

RBI granted the licence to IPPB on January 20, 2017 to carry out payments bank activities

P2P players blame lending limit for rising costs

Industry players want the RBI to raise the lending limit for individual borrowers and remove it for institutional lenders

Heavy set-up costs hurt payments banks' profitability: RBI

Payments banks were created to improve access to formal financial channels or services for small depositors, businesses, low-income households and others, who typically reside and/or work in the rural

SBI earns Rs 18 bn in minimum balance penalty during Apr-Nov

SBI has close to 405 million savings account customers

Min balance row: SBI breaks silence, says it waived charges for last 6 yrs

The SBI, after a gap of six years, had reintroduced the monthly average balance (MAB) charges from April 1, 2017

RBI receiving complaints against banks for not accepting coins: Govt

RBI has already advised the banks to accept coins for transactions and exchange at all their branches

Prinicipal Financial to buy Punjab National Bank's minority stakes in JVs

PNB has 21.38 per cent ownership in Principal-PNB Asset Management Co and 30 percent in Principal Trustee Co

Setting realistic performance targets key to PSU bank recapitalisation

Targets set during the previous recapitalisation plan were too high, and banks weren't able to achieve them

SBI's New Year gift: Base rate cut by 30 bps, home loan fee waiver extended

Eight million customers to gain from move designed to reward loyalty

Odisha turns to banking outlets to cover untapped areas

So far, 818 banking outlets have come up, with SBI taking the lead and setting up as many as 478

Nabard's assistance to Odisha crosses Rs 100 bn by the end of Q3

For infrastructure creation, the bank has extended financial support to the tune of Rs 211.8 bn

Bandhan Bank to offer about 119 mn shares in IPO

IPO will comprise a fresh issue of up to 97.7 million shares while selling shareholders are offering up to 21.6 mn shares

Forced insolvencies to save Punjab National Bank from large hair cuts

The country's soured-debt ratio is the worst among the world's largest economies, data compiled by the IMF show

IndusInd Bank raises Rs 3,193 cr from overseas lenders to expand business

The tenor of the loan is for three years and will be used for general banking purposes

Refinancing, working capital to drive corporate credit demand in 2018

Capex-driven loan demand still a while away

Bad loans, rate cut demands to keep RBI in cleansing mode in 2018 as well

RBI will have to remain the proverbial owl -- as was described by the RBI Governor a few years back