Page 850 - Finance News

Changes to Insolvency Code: Banks likely to face legal tangle

A lot of hope was built at banks around benefits from prompt resolution under the IBC from the fourth quarter of FY18

Take a low-cost loan to pay off credit card dues

If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap

Are you a credit risk? Banks dig deep in your phone to find out

Lenders are mining data on customers' smartphones to help assess their risk for loans in a potentially huge market

Revised IBC: Lenders brace for higher haircuts

Haircuts might go up in some situations linked to the resolution plan, especially where number of bidders are less

Lakshmi Vilas Bank plans to raise Rs 786 crore through rights issue

Lakshmi Vilas Bank's issue will open on December 12 and end on December 26

Bank unions on strike on Dec 27, demand wage hike for IDBI Bank employees

The IDBI Bank employees went on two-day strike in October demanding revision of wages

SBI pushes for digital to improve cost efficiency

Finance Minister Arun Jaitley will tomorrow launch SBI's 'Yono', a lifestyle and financial services mobile app

Amendments to bankruptcy code comforting for new investors: Stakeholders

New ordinance barred defaulters from bidding for stressed assets

NBFCs to have 19% of credit market by 2020: Crisil

In 2017, NBFCs increased their share in the total credit market to 16%, from 13% in 2015

FM to launch SBI's first comprehensive digital service platform, YONO

For the digital platform, SBI has partnered with over 60 e-commerce players to provide customized offers and discounts to its users.

IBC ordinance won't impact valuation of stressed assets: SBI chief

There were some reservation by a few lenders and some bidders over the promoters bidding for their own stressed assets.

HDFC Bank to develop 1,000 villages under CSR by FY19

As per the companies law, corporates have to spend 2 per cent of average profit of previous three financial years under CSR

Lenders plan to send more companies to NCLT

Fail to get desired results in all SDR cases, including RCom

UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP

UBI proposes to get the board's nod for the issue of five crore equity shares in the form of ESOPs/ESPs in one or more tranches

New loan pricing: RBI studying transition cost

The move came as the regulator has not been happy with the banks' reluctance to pass on the rate cuts to borrowers form quite some time now

Canara Bank to sell stake in three subsidiaries to improve capital base

Canara bank, as per regulatory filing, has decided to go for monetisation of non-core assets by selling its shares in part or full in

Panel to study if delinquent owners can repurchase assets

Fifty of India's biggest defaulters are facing insolvency proceedings and may be sold off by court-appointed professionals, in a process where banks may have take losses on their loans

High provisioning, NPA hit SFBs profitability

Many had to keep aside a substantially large amount of money as provisions due to non-recovery of loans

Bank of Baroda approves proposal to raise capital worth Rs 6,000 cr via QIP

Shares of the bank ended 2.17% lower at Rs 180.50 apiece on BSE

Portea Medical raises $26 million from Sabre, MEMG CDC, others

Portea operates across four major segments; primary care, chronic disease management, elder care, and post-operative care.