Page 857 - Finance News

PSB consolidation off the table for now

Focus of banks to shift towards enhancing recoveries, risk management and improving their liability profile

HDFC Bank asked to classify recast loan as NPA by RBI

Its overall gross non-performing assets ratio had been broadly stable at 1.26%, among the lowest for any major lender

Kotak Mahindra Bank Q2 net up 20% at Rs 1,441 cr

It had posted a consolidated net profit of Rs 1,202 crore in the July-September 2016 quarter.

RBI, Centre see leap in economy

Finance ministry is working on structure of recapitalisation bonds, announcements likely over next few weeks

Optimism on PSU banks justified, but selectively

Brokerages bullish on SBI, PNB & BoB, though some feel rally may subside as earnings take centre stage

Valuation gap between public sector and private banks narrows

Price-to-book value ratio of state-owned banks jumped from 0.9x to 1.15x in a day, while private banks traded lower at 3.42x

PSU banks rally on recap plans; add Rs 1.1 lakh cr to m-cap, PNB gains most

Credit Suisse raised state-run lenders to 'a strong overweight position' from 'underweight'

RBL Bank Q2 net up 68% at Rs 150 cr

It had posted net profit of Rs 90 crore in July-September 2016 (Q2 FY17)

Bank recapitalisation positive for growth, supportive for rupee: Goldman

The government unveiled a Rs 2.11-lakh crore two-year road map to strengthen NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution

RBI governor showers praises on bank recapitalisation plan

Patel said "a well-capitalized banking, and in general, financial intermediation, system is a pre-requisite for stable economic growth."

Capital infusion of PSBs to support credit growth, job creation: SBI report

The government on October 24 unveiled Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution

PSU bank recapitalisation: Analysts concerned about budgetary support

Latest move will, however, benefit capital-starved PSBs as they focus on business growth once their basic need of capital is taken care of

Govt clears Rs 2.11 lakh crore bank recapitalisation plan

The move is aimed at creating jobs and boosting economic growth

Bankers, analysts welcome recapitalisation move

The move will have cascading effects for lot of related sectors, said SBI chairman Rajnish Kumar

HDFC Bank net up 20%, but NPAs spoil the show

Specific loan loss provision up almost 70% to Rs 1,079 crore, NPAs rise substantially

RBI fines YES Bank Rs 6 cr, IDFC Bank Rs 2 cr over compliance issues

Yes Bank delayed reporting of information security incident involving its ATMs

Cabinet approves Rs 2.11 lakh-cr public sector banks' capitalisation plan

Rs 76,000 cr for bank capitalisation will be from budgetary support and markets and Rs 1.35 lakh cr from front-loaded recap bonds

Follow standard operating procedures to check frauds: CVC tells banks

Various banks reported 4,851 cases of fraud involving about Rs 23,902 crore during 2016-17

SBI's credit profile hinges on NPA resolution: Moody's

The scenario analysis assumes about 35-40% of SBI's NPAs are resolved under various resolution processes in next 2 financial years: Moody's

Catholic Syrian Bank expects to raise funds by December

CSB needs Rs 400-600 crore, from current growth projections