Page 887 - Finance News

FinMin wants Basel III deadline extended to help banks clean up books

Six of 21 PSU banks under corrective action, need higher capital to improve poor financial health

Bogged down by Rs 6,000-cr loan dues, Adhunik Metaliks to plead insolvency

Its lenders include Allahabad Bank, Bank of Baroda, BoM, Corporation Bank, among others

Now, CVC can probe corruption at private sector banks; RBI okays proposal

SC ruled that chairman, MD and other officers of a private. bank can be seen as public servants

Statsguru: Is RBI's status quo justified?

Recent economic data make it difficult to justify the policy stance

Banks may have to take 60% haircut on 12 largest bad loans: Crisil

RBI has reviewed the top 500 exposures that are partly or wholly classified as NPAs

Ways to reduce your risk when bank doesn't compensate for theft from locker

Prudence over choice of bank, a detailed item inventory are a few of the ways

Have a locker at a PSU bank? You're on your own in case of theft, RBI says

Banks say relationship with customers with regard to lockers is that of landlord) and lessor

Bank stress: Italy paying 5.2 bn euros in resources to keep 2 banks afloat

Italian Economy Minister assured that there will be normalcy at teller windows when two banks reopen

Tap equity market: Govt tells 5 PSU banks

Each of these PSBs looking to raise Rs 1,000-6,000 crore

IDFC Bank CFO Sunil Kakar appointed MD & CEO of IDFC Ltd, replaces Limaye

Prior to joining IDFC, Kakar worked with Max New York Life Insurance Company since 2001 as CFO

Brexit effect? RBS to cut over 400 UK jobs, plans to move them to India

This move will help handle loans for small businesses, as part of an ongoing cost-cutting drive

SBI chief Bhattacharya earned Rs 2.37 cr less than ICICI Bank chief in FY17

While Chanda Kochhar got a pay of Rs 2.66 crore, Arundhati Bhattacharya took home only Rs 28.96 lakh

India's exposure to US govt securities touches a high of $124 bn in April

India had the third largest exposure to the US government securities after China and Brazil

Each cyber threat to online banking costs a bank nearly $1.75 mn: Kaspersky

Banks also need to ensure to provide customers with secured access to mobile & online services

HDFC to list subsidiaries at opportune time, says chairman Deepak Parekh

HDFC has various subsidiaries which can be listed

Western, southern states' outstanding bank credit at Rs 41 lakh cr: RBI

Outstanding loans to Punjab and Rajasthan were at Rs 1,96,600 cr and Rs 2,03,000 cr

NSPCL to make bond market debut, asks bankers for underwriting bids

To raise Rs 1.5k cr; 1st tranche would be for Rs 250 cr with green shoe option of another Rs 250 cr

Graphic: Dealing with bankruptcy

Total value of insured deposits stood at Rs 28,26,400 crore at the end of March 2016

CBI registers 16 cases to probe Rs 145-crore fraud against Corporation Bank

CBI has registered six cases related to loan fraud committed at the bank's Vasant Kunj Branch

Bank sold you a bad insurance or MF plan? Go to banking ombudsman

You can also approach the ombudsman if your bank flouts mobile banking or electronic banking rules