Page 842 - Finance News

Foreign bank ATMs fell 18% in 3 yrs due to closure of operations: Govt

As on June 30, 2017, Standard Chartered Bank had the highest number of branches

Why the Reserve Bank cut India's 2018 growth rate

Two big bang reforms-demonetisation and goods and services tax - did not deliver what they had promised in 2017

Bank of India receives capital infusion worth Rs 2,257 cr from govt

The infusion is in terms of the Ministry of Finance, Department of Financial Services, Government of India

2017: A year of controversies for Axis Bank

The lender was also rumoured to be a target for a merger, given its vast network of outlets, franchise and rich talent resource

Microfinance firms brace for write-offs of Rs 5,000 crore

Debt waiver schemes announced by state governments pull down recovery

RBI cancels bids for Rs 11,000-cr bonds

The signal from the RBI has been that high yields would not be acceptable to the central bank or the government

IOB sells Bhushan Steel account to SSG Capital at 40% write-off

SSG Capital was the largest bidder with Rs 376 cr

IDBI Bank pares 4.89% stake in SIDBI for undisclosed amount

IDBI Bank had said that the intention to sell stake was to mobilise funds by existing non-core business

Allahabad Bank raises Rs 500 crore in debt to comply with Basel III norms

To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes

Eyeing growth opportunities, Canara Bank not to sell stake in AMC business

Earlier in November, the bank had said it will sell stake, either in part or full, in subsidiary firm Canara Robeco Asset Management Company (AMC)

Banks imposing unreasonable fee for breach of minimum balance: IIT prof

The study, by Ashish Das, showed that some banks like Yes Bank and Indian Overseas Bank have been imposing penal charges of over 100 per cent per annum

Bank of Baroda to acquire 51% stake in two JVs from UniCredit

Bank of Baroda to acquire 51% stake in Baroda Pioneer Asset Management Company and Baroda Pioneer Trustee Company from UniCredit SPA

In Q4, SBI to raise Rs 8,000-cr capital via AT1 bonds

SBI's capital adequacy ratio (CAR) was 13.56 per cent at the end of September 2017, with common equity tier-I at 10.24 per cent and AT1 level of just 0.72 per cent

WhatsApp leak case: Sebi orders Axis Bank to conduct internal probe

Inquiry reveals lender's leaked earnings closely matched with actual figures; regulator asks Axis Bank to conduct inquiry and submit report within three months

Micro-ATMs to fin services: Digital wallets trying to break payments mould

With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, companies are now changing their business pitch

WhatsApp leak case: Sebi orders Axis Bank to beef up systems, conduct probe

Axis Bank has to complete the internal inquiry within three months and file a report to Sebi within seven days thereafter

S&P puts Indian banks in 'Group 5' with Italy, Spain, UAE

The anchor for banks operating only in India is BBB: S&P Global Ratings release

SBI to raise AT1 capital worth Rs 8,000 cr to comply with Basel III norms

Basel III reforms are the response of Basel Committee on Banking Supervision to improve banking sectors ability to absorb shocks

NBFCs retail credit growth seen at 16-18% in FY18: Icra

NBFC retail credit grew by nearly 16 per cent year-on-year to Rs 6.6 trillion as of September, against 15 per cent in FY17 and 19 per cent in FY16

Lendingkart raises Rs 25 cr from SBI

Lendingkart said it has disbursed over 20,000 loans to more than 12,000 SMEs across 23 sectors