Page 882 - Finance News
DCB Bank cuts MCLR rates by up to 0.57 percentage point
Private sector lender DCB Bank has 290 branches across 18 states and two Union Territories
 "DCB Bank cuts MCLR rates by up to 0.57 percentage point")
Fino Payments Bank to raise up to Rs 200 cr via equity in FY18
Firm to utilise funds to further its expansion plans
 "Fino Payments Bank to raise up to Rs 200 cr via equity in FY18")
RBI not reviewing 90-day NPA classification window to help small biz: Govt
FinMin said any delay in recognition of deterioration in asset quality removes pressure on the banks
IDBI Bank, Indian Overseas Bank, 7 other PSBs reported losses in FY17
IDBI Bank reported loss of Rs 5,158 cr, while amount was Rs 3,417 cr in case of Indian Overseas Bank
 "IDBI Bank, Indian Overseas Bank, 7 other PSBs reported losses in FY17")
Gujarat HC turns down Essar Steel plea against RBI's insolvency proceedings
HC turns down Essar Steel plea on insolvency, raps central bank for 'overstepping jurisdiction'
 "Gujarat HC turns down Essar Steel plea against RBI's insolvency proceedings")
Housing prices up 10.5% in Jan-Mar 2017 across 10 major cities: RBI
However, prices increased marginally by 0.8% over October-December quarter of 2016-17
Can't make public the names of big defaulters: RBI to SC
Such a disclosure would severely affect the impact of the businesses
 "Can't make public the names of big defaulters: RBI to SC")
GST provider Vayana Network raises Rs 26 cr in latest series A funding
It has raised the fund from IDG Ventures and Jungle Ventures
 "GST provider Vayana Network raises Rs 26 cr in latest series A funding")
Axis Bank claims it is second-most preferred card issuer
The bank is actively involved in helping to spread digital payments solutions, post demonetisation
 "Axis Bank claims it is second-most preferred card issuer")
DCB Bank to slow down branch expansion for next 2 years to improve profits
To concentrate on existing network of around 300 branches
 "DCB Bank to slow down branch expansion for next 2 years to improve profits")
Govt looks to create 3-4 SBI-sized banks as it mulls PSB consolidation
Number of PSBs may come down to 10-12 from the current 21, an official said
 "Govt looks to create 3-4 SBI-sized banks as it mulls PSB consolidation")
DCB Bank Q1 net zooms 39% to Rs 65 crore
The bank had reported a net profit of Rs 47 crore in the corresponding quarter of FY17
IDFC-Shriram merger shows Piramal's entrepreneurial approach: R Thyagarajan
In a Q&A, the group's founder says he is optimistic about the merger deal
 "IDFC-Shriram merger shows Piramal's entrepreneurial approach: R Thyagarajan")
Karnataka Bank Q1 net up 10% at Rs 134 crore
The bank had reported a net profit of Rs 121.54 crore in the April-June quarter of FY17
 "Karnataka Bank Q1 net up 10% at Rs 134 crore")
Building market institutions can help M&As move faster, says IBBI chief
He says M&As are very important activities for economies of scale, economies of scope
 "Building market institutions can help M&As move faster, says IBBI chief")
Bank of India reports losses, expects to return to black in Q2
BoI has been facing losses for the last two consecutive years
 "Bank of India reports losses, expects to return to black in Q2")
Essar Steel case: SBI MD Rajnish calls for faster resolution of NPAs
Rajnish Kumar hoped that the Gujarat High Court will decide quickly on the Essar Steel case
 "Essar Steel case: SBI MD Rajnish calls for faster resolution of NPAs")
Money transfer to get cheaper as SBI cuts NEFT, RTGS charges by up to 75%
All the new charges will attract GST rate of 18 per cent
ICICI group firm picks up stake in e-commerce firm Infibeam for Rs 11 cr
1 lakh shares of the Ahmedabad-based firm were bought via open market transactions
 "ICICI group firm picks up stake in e-commerce firm Infibeam for Rs 11 cr")
PNB & SBI initiate insolvency proceedings against Bhushan Steel, Power
Bhushan Steel and Bhushan Power has a liability of around Rs 43,000 cr and Rs 37,000 cr respectively
 "PNB & SBI initiate insolvency proceedings against Bhushan Steel, Power")