Page 843 - Finance News

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

RBI may cut rates by 25 bps in April to signal lower lending rates: BofAML

Though CPI inflation is likely to be 5.2 per cent in December 2017, it would cool down to around 4.5 per cent in the first half of 2018, suggested BofAML

Canara Bank to raise up to Rs 3,500 cr through QIP

Canara Bank said stock closed 1.26 per cent higher at Rs 374.60 apiece on the BSE

Employee unions of public sector banks defer tomorrow's strike

AIBEA and AIBOA had threatened to go on strike on Dec 27 in support of their demand for early wage revision

IDBI Bank to terminate all rating contracts with Moody's Investors Services

The global ratings firm had also downgraded the bank's local and foreign currency bank deposit ratings to B1 from Ba2

FinMin to issue recapitalisation bonds to PSBs in Jan

Earlier in October, Union Finance Minister Arun Jaitley had announced an unprecedented PSU banks recapitalisation programme of Rs 2.11 lakh crore

Cloud computing and AI are most used technology in BFSI sector in 2017

The rise of self-service technology for partners and consumers drastically reduced the servicing cost for enterprises and improved customer satisfaction

AT1 Bonds: The new financial weapons of mass destruction?

A final word on the potential of AT1 bonds to wreak havoc in the global financial system from a systemic perspective, with many investors complacent or unaware of the onerous conditions of these bonds