Page 888 - Finance News
GRAPHIC: Banks are one of the biggest MF distributors in India
Banks due to their huge network of branches are preferred as MF distributors
 "GRAPHIC: Banks are one of the biggest MF distributors in India")
RBI panel to review Rs 10,000-cr debt soon
Most of these accounts are from the infrastructure, textiles and roads sectors
 "RBI panel to review Rs 10,000-cr debt soon")
Insolvency: No need for additional provisioning for 12 NPAs, says SBI chief
Total NPA provisioning of banks stood at Rs 2.2 trn as of FY17, up from Rs 2 trn in FY16
 "Insolvency: No need for additional provisioning for 12 NPAs, says SBI chief")
Govt makes fresh attempt to revive IDBI Bank
Reserve Bank of India last month put IDBI Bank under watch by initiating Prompt Corrective Action
 "Govt makes fresh attempt to revive IDBI Bank")
Banks appoint insolvency professionals for seven large accounts
Corporation Bank invited bids to fix insolvency professionals and gave the mandate to EY
 "Banks appoint insolvency professionals for seven large accounts")
New accounting standard may hit banks' lending to infra, realty firms
Switch to IndAS may increase debts on the books of firms
 "New accounting standard may hit banks' lending to infra, realty firms")
Banking stocks take a hit on provisioning worries
Provisioning towards bad loans may remain elevated for corporate banks, PSBs in FY18
 "Banking stocks take a hit on provisioning worries")
With demonetisation woes over, BofA-ML sees credit growing 15% this year
Credit growth had slipped to lowest level since Independence in FY17, falling to paltry 5.1 per cent, RBI
 "With demonetisation woes over, BofA-ML sees credit growing 15% this year")
I-T Dept slaps Rs 24,500-cr tax notice on PACL
Demand adds to the Rs 57,000-crore dues payable from company's assets on sale
 "I-T Dept slaps Rs 24,500-cr tax notice on PACL")
CAs, bankers in a rush to pass insolvency exam
Test on lines of IIT-JEE
 "CAs, bankers in a rush to pass insolvency exam")
Huge haircut needed on largest NPAs, says CRISIL
Estimates another Rs 40,000 cr provision needed for 12 a/cs sent for insolvency action by RBI
 "Huge haircut needed on largest NPAs, says CRISIL")
HDFC seeks shareholders' nod for Rs 85,000-cr fundraising
Funds to be raised through various debt instruments; AGM is scheduled to be held on July 26
 "HDFC seeks shareholders' nod for Rs 85,000-cr fundraising")
Record low credit growth: 1,000 cos borrowed Rs 1 lakh cr less in FY17
One-third of this massive contraction was led by just 10 companies
 "Record low credit growth: 1,000 cos borrowed Rs 1 lakh cr less in FY17")
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
 "FinMin wants Basel III deadline extended to help banks clean up books")
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
 "Bogged down by Rs 6,000-cr loan dues, Adhunik Metaliks to plead insolvency")
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
 "Now, CVC can probe corruption at private sector banks; RBI okays proposal")
Statsguru: Is RBI's status quo justified?
Recent economic data make it difficult to justify the policy stance
 "Statsguru: Is RBI's status quo justified?")
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
 "Banks may have to take 60% haircut on 12 largest bad loans: Crisil")
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
 "Ways to reduce your risk when bank doesn't compensate for theft from locker")
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
 "Have a locker at a PSU bank? You're on your own in case of theft, RBI says")