Page 871 - Finance News

Oriental Bank of Commerce plans to raise Rs 1,000 crore via Basel-III bonds

The bank said the bonds issue has an option to retain subscription of up to Rs 500 cr

Bank strike today: Services to be hit across India as 1 mn bankers protest

The UFBU is protesting against reforms in the banking sector and other issues

MFIs need up to Rs 11,000 cr over next three years: Report

In FY17, MFIs and SFBs raised an aggregate of Rs 4,713 crore of equity capital

SBI waives off up to 100% processing fee on car, gold, personal loans

The bank has waived the entire processing fee on car loans till December 31, 2017

Quinag picks up stake in Manappuram Finance for Rs 143 cr

Fund house bought over 1 cr shares of the NBFC at a trade price of Rs 94.73 per share

Banks to pay 3% IGST on imports of gold, precious metals: CBEC

It also said banks would be liable to pay IGST on such imports and not any overseas supplier

Buy a coffee and open a Digibank account in India

Digibank has 1.2 mn Indian users and says that number will hit 5 mn by 2021, reports Tech in Asia

Defaulters owe 27% of total bad loans to SBI alone, PNB next

Defaulters owe the State Bank of India around Rs 25,104 cr

Banks threaten strike tomorrow; services at private lenders may not be hit

Operations at pvt banks like ICICI Bank, HDFC Bank, Axis and Kotak Mahindra are going to be normal

Home loans loot: Whose side is RBI on?

Remember, RBI is concerned with lending, since cutting rates has not pushed up economic activity

Treat flat owners at par with banks under insolvency law: Assocham to NCLT

An Ordinance, if needed, should be brought to amend the Insolvency and Bankruptcy Code, it adds

Bank of India puts bad loans worth Rs 3,169 crore on sale

The sale comprises 67 accounts with a principal balance of about Rs 3,169.08 crore

Jan Dhan accounts slip on credit score

After demonetisation was announced last Nov, Jan Dhan deposits increased to more than Rs 74,000 cr

Banks threaten to go on strike on Tuesday, services may be hit

Move reportedly against govt's proposed consolidation move

Regional rural banks' merger gets exemption from seeking approval from CCI

The exemption would help ensure that these transactions close quickly

Slow credit growth: RBI data ignores non-bank, debt mkts, says SBI report

Some industries saw a more than proportionate rise in loan funds, claimed the report

PSBs need to cut bad loans, will need more capital: Urjit Patel

RBI governor said 9.6% NPA in system worrisome, govt should empower banks to take a hit

Banks still bogged down by NPAs

Sudden spurt in bad loans in Q1 of FY18 brought back fears the worse is not over yet for the banks

RBI Guv calls for recapitalisation of banks for time-bound NPA resolution

Credibility of NPA resolution efforts will depend on PSBs' ability to absorb costs

RBI to issue fluorescent blue Rs 50 banknotes

The banknotes will bear the motif of 'Hampi with Chariot' that depicts India's cultural heritage.