Page 854 - Finance News

World view of India is more positive than Indians': RBL Bank CEO

Vishwavir Ahuja, MD & CEO of RBL Bank, says the problem of non-performing assets (NPAs) in public banks is so huge that the insolvency process alone will not work.

HDFC Bank launches SmartUp Zone for Odisha start-ups

The first SmartUp zone was launched in New Delhi in October

HDFC Bank to set up SmartUp zones in 30 cities to promote entrepreneurship

A SmartUp Zone was today inaugurated in one of the bank branches

PE/VC flow hits new high at $21.8 bn surpassing previous record in 2015

The funds have invested this money across 496 deals from January to October 2017

Good news for HDFC Bank users: RTGS, NEFT transactions made free from Nov 1

Earlier, customers were levied Rs 25 each for Rs 2-5 lakh online transaction via RTGS and Rs 50 each for such money transfers over Rs 5 lakh

Easy credit piling up leverage: BCG study

While the share of gold loans in total loans saw an increase, its ticket size reduced significantly

Wilful defaulters won't be allowed to bid for stressed assets: SBI chief

It is a fine line for banks whether they can block any effort by wilful defaulter to bid for his own firm

Moody's ups Bank of India, Union Bank, Oriental Bank's outlook to stable

The credit rating agency has affirmed the standalone credit profiles or baseline credit assessments of these three banks at Baa3

PNB to raise Rs 5,000 cr via QIP; appoints merchant bankers for share sale

In the first half of the fiscal, the advances of the bank grew by about 8%

Indian Bank Q2 net up 11.45 % to Rs 452 cr on retail, farm loan growth

The bank's provisions have gone up to Rs 924.06 crore from Rs 601.10 crore, a year ago

Indian Bank Q2 net up 11% at Rs 452 cr as NPAs shrink

Even though bank's provision for bad loans and contingencies was raised to Rs 745 cr for the quarter, the net NPAs of bad loans fell to 3.4% of net advances

Small finance banks to lower deposit rates as pressure on margin mounts

However, despite the reduction, their interest rates would be about 50-100 basis points higher than those of banks

PSU banks may get Rs 70,000 cr via recap bonds in 4 months

NPAs of PSBs alone have increased from Rs 2.75 lakh cr in March 2015 to Rs 7.33 lakh cr as on June 2017

A question of letter and spirit

In recapitalising public sector banks by borrowing from banks themselves rather than from market, the govt is violating the spirit of Basel capital adequacy norms

How effective is PNB's war room?

Slippages eased to Rs 3,517 cr in Q2; gross NPA ratio unchanged at 13%

India Post's payments bank to open 650 branches by April-May

India has 154,000 post offices, of which 139,000 are rural post offices

Asian Infra Bank to invest $1 billion in Indian projects

A $500-million investment in line four of metro rail and $600 million in suburban rail projects in Mumbai

NPA provisioning effect: Union Bank, UCO in red; PNB net sees rise in Q2

The provision coverage ratio (PCR) stood at 56.06% at the end of September 2017

Big loans at Andhra Bank take back seat as retail, MSME surge

Share of retail and MSME loans stood at 42% in Sept 2017, compared with 38% share of corporate advances

Worried about cyber attacks? Bajaj launches new policy for customers

The sum insured for the policy ranges from Rs 1 lakh to Rs 1 crore