Page 884 - Finance News
Chhattisgarh govt to merge DCCBs with state cooperative banks
After the merger, the working capital of the bank would increase to more than Rs 10 crore
 "Chhattisgarh govt to merge DCCBs with state cooperative banks")
IndusInd Bank Q1 net up 26.5% at Rs 837 cr; gross NPAs rise
The bank's net profit in the corresponding April-June quarter of 2016-17 stood at Rs 661.38 crore
SBI to divest 80 million shares in SBI Life via IPO
Price to be fixed after talks with SBI Life, BNP Paribas Cardiff and lead managers
 "SBI to divest 80 million shares in SBI Life via IPO")
SBI Savings Account: Pay more for ATM withdrawal, cheque books, Buddy app
SBI Savings Account: Pay more for ATM withdrawal, cheque books, Buddy app
 "SBI Savings Account: Pay more for ATM withdrawal, cheque books, Buddy app")
Lenders to tap global investors for Bhushan Steel, Essar Steel
A reference for insolvency has already been made in Essar's case but not yet in Bhushan Steel's case
 "Lenders to tap global investors for Bhushan Steel, Essar Steel")
Lack of succession plans pushing Shriram towards merger, say staff
Investors stand to gain as they will get exit route, stake in IDFC Bank
 "Lack of succession plans pushing Shriram towards merger, say staff")
Statspeak: Banking on branches
Digital branches continue to dominate banking channels, says study
RBI's steps on frauds will help customers
By limiting the liability, RBI is trying to enhance customer confidence in digital transactions
 "RBI's steps on frauds will help customers")
NHB mulls extension of 90-day window for NPA classification
Regulator may also issue guidelines for direct selling agents with respect to home loan transfers
 "NHB mulls extension of 90-day window for NPA classification")
IDFC Bank, Shriram Capital enter 90-day merger talks
The entire merger process, including approvals, will take 12 months to complete
 "IDFC Bank, Shriram Capital enter 90-day merger talks")
IDFC Bank, Shriram Capital to merge within 90 days, create Rs 65k-cr giant
According to Piramal, the boards of directors of the companies have not approved any transaction yet
IDFC-Shriram merger under regulatory scanner over share price hike
Sebi has reportedly sought information on the trading patterns of the group's 4 listed firms
 "IDFC-Shriram merger under regulatory scanner over share price hike")
Essar Steel vs RBI: Central bank to issue corrigendum
Gujarat HC to hear Essar's plea against insolvency proceedings on July 12
 "Essar Steel vs RBI: Central bank to issue corrigendum")
RBL Bank to raise Rs 1,680 cr from institutional investors
HDFC Life, ICICI Lombard, ABG Capital, CDC Group, Global IVY Ventures among key investors
 "RBL Bank to raise Rs 1,680 cr from institutional investors")
Don't take coercive steps against farmers for loan recovery: SC to banks
And it adds that in such cases, government should intervene
 "Don't take coercive steps against farmers for loan recovery: SC to banks")
Stopped from clicking pics of RBI and fined Rs 50k, man moves SC
The SCBA would use the money in upgrading its library
 "Stopped from clicking pics of RBI and fined Rs 50k, man moves SC")
IDFC Bank to speed up lending, aims to achieve goal of mass retail banking
The bank claims it has acquired a customer base of around 1.4 million
 "IDFC Bank to speed up lending, aims to achieve goal of mass retail banking")
RBI Deputy Guv Viral Acharya suggests setting up public credit database
Currently, India has private credit bureaus, mainly used for retail loans
 "RBI Deputy Guv Viral Acharya suggests setting up public credit database")
Why some brokerages have turned positive on Punjab National Bank
Ability to demonstrate better bad loan recovery, price correction key positives
 "Why some brokerages have turned positive on Punjab National Bank")
Essar Steel insolvency issue vs RBI: What lies ahead?
In this case, RBI's low capacity in legal drafting is unlikely to lead to a serious legal problem
 "Essar Steel insolvency issue vs RBI: What lies ahead?")