Page 843 - Finance News

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

Insolvency: Banks form metrics to evaluate bidders

Lenders list criteria for stressed assets as insolvency proceedings enter final lap

Crude oil casts shadow on retail inflation; RBI to extend pause on rate cut

The RBI too has upped its inflation projection to 4.2-4.6% by March 2018

Statsguru: Twin balance sheet problem

According to the RBI's Financial Stability Report, new investment proposals have declined significantly in Q2FY18

Rising NPAs in education loan add to banks' stress

The NPA was 5.7% in 2014-15, which rose to 7.3% in the following fiscal and further to 7.67% in the last financial year

Take urgent remedial steps to contain NPAs: Parliamentary panel to govt

The committee has also made a case for amending banking laws, including the SBI Act, to provide for disclosure of names of loan defaulters

LIC increases stake in Punjab National Bank to 14%

Post the acquisition of shares, Life Insurance Corporation's stake in PNB increased to 13.93%

Fintech start-ups tap small-town users

Deeper Internet penetration and a digital boost from the government has helped fintech companies find a larger audience across the country

Yes Bank sets up MTN programme to raise $1 bn

On November 29, the Capital Raising Committee of the board of the bank had approved its proposal to set up the MTN programme

Agency banks must be prompt with govt instructions: RBI

Senior bank executives said beside tax related work, banks are also involved in managing assignment like payments for various programmes

Banks lost nearly Rs 17,000 cr to frauds last financial year, says FinMin

An inter-disciplinary standing committee on cybersecurity has been constituted by the RBI

Govt says no question of closing any PSB

The central bank had issued a similar clarification in June also

Better rated firms moving to bond mkt, says RBI report

According to the FSR, foreign investors are increasingly keeping their investment position unhedged

Number of 'crorepatis' in assessment year 2015-16 grew 23.5% to 59,830

The income tax department on Wednesday released statistics showing that 59,830 individuals with gross total income of over Rs 1 crore had a cumulative income of Rs 1.54 lakh crore

Bank of Baroda to raise Rs 4,000 cr from bonds to fund business expansion

The fundraising would be by way of a perpetual debt instrument from domestic of overseas markets in Indian rupees