Page 866 - Finance News

Catholic Syrian Bank to raise Rs 400 crore capital through QIB

Will allocate up to 40 million shares to the investors; process to be completed by October

BOI, United Bank to raise up to Rs 1,500 crore via bonds

Both banks are facing elevated pressure on asset quality and profitability

SBI Life's premium pricing justified

Better profitability, superior growth, wide distribution network & strong market-hold place the life insurer's IPO favourably

Airtel Payments Bank rolls out UPI-enabled digital payments

Customers will be able to link their accounts on BHIM app to make payments through UPI

SBI's credit growth is pegged at 6-7 per cent: MD Rajnish Kumar

Already reeling under huge stressed assets like other banks, he said things would become better

Amazon ties up with Bank of Baroda to attract more sellers

Amazon tied up with the Bank of Baroda to offer micro loans to its sellers

Goldman Sachs arm sells stake in Max Financial for Rs 665 cr

Among the buyers of the shares was SBI Mutual Fund, which bought 16.70 lakh scrips

ICICI Bank launches cashback scheme for hoam loan borrowers till Nov 30

This offer is valid from September 1, 2017 to November 30, 2017

IDBI Bank sells 2.5% stake in Clearing Corporation of India

CCIL facilitates clearing and settlement of transactions in money, government bonds, foreign exchange and derivative markets

NPAs to touch 10.5% by March as banks recognise entire stress: Crisil

The 9.5 per cent NPA figure for March 2017 includes only two-thirds of the overall stressed assets, it said

RBI to hold key rate due to rise in inflation: Morgan Stanley

Retail inflation rose to 5-month high of 3.36% in August due to costlier vegetables and fruits

All 1.55 lakh post offices to offer payments bank service

IPPB offers an interest rate of 4.5% on deposits up to Rs 25,000, 5% on Rs 25,000-50,000 and 5.5% on Rs 50,000-1,00,000

HDFC Bank, Airtel, SBI most valued brands

Finance, auto brands dominate the list; Indian top 50 brand valuations grow 21%, faster than China, world

RBI awaiting govt notification for coming out with P2P lending norms

The consultation paper on p-2-p lending was released by RBI in April last year, but the final guidelines are yet to come

Cryptocurrencies risky, RBI uncomfortable with Bitcoin: Sudarshan Sen

Fiat cryptocurrency is a digital currency that will be issued by the RBI in place of the physical one at present

Bharat Financial Inclusion: The death of a success story

Some say BFIL should have continued its efforts to secure the small finance bank licence

PSU bank merger should follow balancesheet clean-up: Raghuram Rajan

I would say restore the banks to health, get active board composed of professionals: Rajan

Banks need $65-bn capital to meet Basel III norms: Fitch

State-owned banks accounting for 95% of estimated shortage have limited options to raise the capital

Bandhan appoints five merchant bankers for IPO

Bandhan Bank had posted Rs 1,111.95 crore in net profit for the FY18

Bandhan Bank appoints Goldman Sachs, JP Morgan as lead managers for IPO

As per RBI guidelines, banks have to list their businesses within three years of operation