Page 849 - Finance News

Indian banks 2nd only to Chinese counterparts in exposure to risks: Moody's

This is due to large loans are given to businesses with poor repayment capacity, it said

FinMin giving final touches to recapitalisation bonds, FM nod likely soon

Arun Jaitley had announced an unprecedented Rs 2.11 lakh crore two-year roadmap to strengthen public sector banks

Bank of Baroda to shut Hong Kong branch, Thailand office

Hit by resource crunch, especially capital, many public sector banks are reviewing their international operations

SBI hikes rates on bulk deposits by 100 bps

For short-term deposits (46-179 days), it will offer 4.85%; for those of a year to 10 years, the new rate is 5.25%

SBI raises rates on bulk deposits by 100 basis points

Bulk deposits are those where amounts kept are at least Rs 1 crore or above

SBI raises interest rates on bulk deposits by 100 bps from Nov 30

The lender also raised interest by 100 bps on bulk deposits above Rs 10 cr

Allahabad Bank cuts one-year MCLR to 8.25% from 8.3%

New rates for overnight lending for 1-6 months and 1-3 years reduced by 0.05% each in the range of 7.75-8.5%

YES Bank approves proposal to set up $1-bn debt programme to raise money

The bank can raise money, in Indian or foreign currency through various means

NBFC funding to rise over total net worth of small business loans: Icra

An equity capital of Rs 2,000 crore raised, says ratings agency

Digital payment fast replacing cash as predominant way: Jaitley

He said that technology has changed the entire dynamics the way the banking is done in the country

Liquidity dries up on RBI's sterilisation drive, govt cash balances

The yields on the 10-year bond closed at 7.03% on Tuesday, while the three-month treasury bill closed at 6.12%

Govt wants RBI rate cut before March: Finance Ministry sources

We expect the RBI to cut policy rates, if not in December then in its next policy review: Finance Ministry

BoB scales up supply chain finance to MSME

Bank of Baroda has sanctioned Rs 3,700 crore to anchor clients and expect to book loan business of Rs 700 crore-Rs 800 crore for supply chain finance by the end of FY18

Govt to prematurely redeem Rs 30k cr of papers

The repurchase will happen in the secondary market on Wednesday between 2 pm and 3 pm

Sovereign funds raise anchor investments

A total of Rs 12,275 crore has been raised through the anchor investor route in 27 IPOs this year till now; issue size was Rs 41,791 crore

Oriental Insurance to list on bourses in FY19

Oriental Insurance, which had seen its solvency ratio go below the mandatory level of 150 per cent, has improved it to 152 per cent for half year ending September 2017

PSBs may face Rs 40,000-cr loss due to bad loans

Write-offs by commercial banks reach Rs 65,800 crore in first half of FY18

Banks' credit provisions to rise to Rs 2.4-2.6 lakh cr for FY18: Icra

The rating agency expects the scope of a further cut in deposit rates to be limited

IDBI Bank gives in-principal nod to divest 7.4 mn shares held in NSE

Last year, IDBI Bank sold 2% stake in NSE to the country's largest insurer LIC

RBL Bank gets rights to acquire 100% stake in Swadhaar FinServe

Currently, Swadhaar operates in 17 states and union territories through 242 branches