Page 845 - Finance News

MPC: Several uncertainties on fiscal, external fronts persist, says Patel

Two MPC members specifically warned that India may no longer be able to afford being accommodative on inflation

MPC minutes: Several risks to projected inflation trajectory, says Patel

Deputy governor Viral Acharya said headline inflation will most likely cross 4% rather soon

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

Shareholders will be asked to vote on the plan on January 19, the lender said

YES Bank, European Investment Bank to invest $400 mn in power projects

Last year the European Investment Bank had provided $19.6 billion for climate-related investment worldwide

ESAF Small Finance Bank looks for foreign equity partner

The Kerala-based bank has collected Rs 1,450 crore since it began operations in March

Gross NPAs of banks rose 9.5% to Rs 8.5 lakh cr in H1FY18

Minister of State for Finance Shiv Pratap Shukla informed the Lok Sabha on Monday

Section of PSU bank unions threatens strike on December 27

Banks have been informed by Indian Banks' Association that members of All India Bank Employees Association and All India Bank Officers Association have served notices of strike

Bank unions escalate protest against proposed FRDI Bill

Although various bank trade unions are opposing the Bill, there is no united opposition till now

Bank of India to seek new bids for STCI Finance stake

STCI Finance is one of BoI's non-core investments which it has decided to monetise for raising resources

HDFC Bank issues 300,000 instant credit cards within a year

With InstaCard, customers can do online transactions on e-commerce websites immediately on receipt of the InstaCard, the statement said

Banking sector crisis: Govt fixed responsibility on defaulters, says Goyal

Bad loans of PSBs were Rs 7.33 lakh cr as on June 2017, compared to Rs 2.75 lakh cr as on March 2015

Consumer Forum rejects complaints against SBI

The four claimed that the bank erred as it had not intimated them before debiting money from their account

Jan-Nov PE investment deal tally at $19 bn

According to Grant Thornton, there were 63 PE deals worth $3.019 bn in November this year

Indiscriminate lending by Congress the biggest scam, says Piyush Goyal

The Congress government and banks used to hide NPAs under the name of stressed assets, the rail minister added

BS Banking Round Table 2017: IBC has shifted balance of power, say bankers

SBI's Rajnish Kumar says companies' deleveraging impeding credit growth; ICICI Bank's Chanda Kochhar says if disintermediation is added, the banking growth could be in the range of 12-12.5%

Lenders send most firms from second list to NCLT

The RBI has asked banks to refer all firms that have failed to repay their dues on time to the NCLT

BS Banking Round Table 2017: Lower lending rates necessary

Leading bankers and a former regulator debate the key issues facing the industry and the big changes ahead

BS Banking Technology RT 2017: '40% of all loans will be digital in 2 yrs'

Financial technology experts say note ban and GST roll-out have broadened the banking network and increased pace of digitization

RBI imposes Rs 3 cr penalty on IndusInd Bank

A notice was issued to the bank 'advising it to show cause as to why penalty should not be imposed' on it for non- compliance with directions issued by RBI

RBI places Corporation Bank under 'prompt corrective action' framework

The bank had a net non-performing assets ratio of 10.24 percent as of end-September