Page 844 - Finance News

NPAs: Parliamentary panel seeks disclosure of loan defaulters

The committee appreciates that RBI is in favour of making available information on wilful defaulters in public domain

Centre, RBI dismiss rumours of closing down any public sector bank

The central bank had issued a similar clarification in June also

NPAs: RBI blames investment bankers for faulty loan appraisals

The FSR report said public-private partnership (PPP) projects involving high leverage were also undertaken

Govt fixes Rs 38.22 lakh crore for projected investment in infrastructure

Finance Minister Arun Jaitley said the government was very much conscious that the development of infrastructure is crucial to boosting growth and expanding services in the country

Edelweiss aims 200-250% growth in AUM by FY'19

As of March 2017, the AUM for Edelweiss was Rs 6,000 crore including the assets of JP Morgan AMC which it acquired in 2016

RBI report blames banks for bad debt mess

Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage

Bitcoin, bubbles & tech: Google's top finance searches of 2017

One of the hottest topics amid all the market chatter has been bitcoin's stratospheric ascent

India's financial sector facing considerable challenges: IMF

Asks India to strengthen RBI's independence

RBI Financial Stability Report: Banks' GNPA may touch 11%

PSBs registered GNPA ratio at 13.5% and stressed advances ratio at 16.2% in September

Status check: RBI's prompt corrective action framework

Here is a status check on how they performed in the past two quarters ended on September 2017

United Bank of India steps up turnaround efforts in face of new PCA curbs

United Bank of India has trimmed its workforce by 700-800 in the past one and half years as a part of turnaround plan

BoI to shut 400 ATMs, 300 more under review

At the end of September, Bank of India's gross NPAs stood at 12.62%

Canara Bank to sell 4% stake in Canfin Homes

CFHL had registered a net profit of Rs 74.99 crore during the second quarter ended September

India needs to strengthen RBI's independence: IMF

IMF welcomed the government's plan to inject about $32 billion to recapitalise state-run lenders

HDFC Bank to raise up to Rs 24,000 cr via share sale

It would be the biggest fundraising exercise by any Indian firm ever

MPC concerned about oil prices, capital formation, fiscal slippage

Monetary policy should be ready to go on to the front foot, says Michael Patra

Rs 6,000-crore equity held back from laggard state-run banks

The Central government had announced Indradhanush in 2015 to infuse Rs 70,000 crore out of budgetary allocation

PE funds stare at capital loss on stressed investee firms

Some have tried to put in claims as financial creditors; even these have seen only partial acceptance

HDFC sells 6.3% equity in CAMS to Warburg Pincus arm for Rs 210 cr

HDFC said its associate HDFC Bank is also a shareholder in CAMS

Cholamandalam Investment to set up a housing finance company as an unit

The company is looking at raising around Rs 3,500 cr through masala bonds