Page 875 - Finance News

Bankers review progress of 12 large NPA accounts under IBC

Out of these 12 accounts, nine have already been referred to the NCLT

Bank of India to raise up to Rs 626 cr via STCI Finance stake sale

It may sell partial/entire stake in STCIFL to unlock its value of investment by floating this RFP

Lenders meet today to review insolvency cases

It would be the first such exercise since the RBI directed action on 12 big-size bad loan cases

Black money: Swiss say Indian laws 'adequate' for auto-sharing banking info

Notification follows hectic parleys between India and Switzerland for the introduction of the AEOI

12 PSU banks firming plans to raise funds from markets

Board of PNB has given approval for raising equity capital to the tune of Rs 3,000 cr through FPO

PNB customers to pay more charges for non-credit services

All charges are exclusive of GST & attract a charge of 18%, up 15% from previous tax regime charges

Banks likely to cut lending rates by 25 bps post RBI policy action: BofAML

According to BofAML, reduction in lending rates might trigger high level of liquidity in banks

Sebi plans to beef up cyber security, hire advisor to tackle tech glitches

Advisor would also observe developments in cyber technology & security space for regulatory policy

Indian Bank to bring gross NPAs under 5% from 7% by March, says MD & CEO

In June quarter, gross NPAs jumped to 7.21 per cent from 6.97 per cent last year

Syndicate Bank posts Rs 263 cr Q1 loss; gross NPAs rise to 9.96%

Total income during the first quarter of 2017-18 also fell to Rs 6,171.49 crore

Canara Bank hits overseas bond market with $400-mn issue

The Bangalore-based state-run bank has hit the forex debt market after a long gap

Andhra Bank Q1 net up 30% at Rs 40 cr

The bank has registered a 5.89% growth in overall business

Avendus launches structured credit fund

Investors will need to commit a minimum of Rs 1 crore into the fund

RBI likely to cut rates again by 2017-end: Chris Wood of CLSA

Long-awaited earnings rebound should finally happen in Q4CY17, CLSA believes

PNB floats one-time settlement to clear small-ticket bad loans

The recoveries will improve bottom line

Faced with high group lending defaults, SFBs move towards individuals

Small finance banks have been relying heavily on group lending so long

Bank of Baroda follows SBI, cuts savings rate by 50 bps

However, for balance above of Rs 50 lakh, the bank has retained the rate at 4%

Sebi asks India Inc to inform bourses on loan defaults in one working day

However, there is no stipulation on cos to make disclosures with regards to loans taken from banks

Andhra Bank Q1 profit up by 33% to Rs 40 crore

The PSB clocked a net profit of Rs 31.09 crore in the same quarter of FY17

RBI cuts interest rates: Lending to slowly become reasonable, says Jaitley

Lending rate of 14-15% will make India uncompetitive in the global market: Arun Jaitley