Page 888 - Finance News

Indian Overseas Bank's woes stay despite corrective action for 7 quarters

The higher provision in 2016-17 for non-performing assets is Rs 7,067 crore

Govt loosens norms for auditor rotation at unlisted companies

The Ministry of Corporate Affairs has come out with a notification to raise threshold to Rs 50 crore

Banks to take a haircut for insolvency of non-performing assets

49 indebted firms have debt of Rs 2.8 lakh cr, backed by Rs 1.67 lakh cr of fixed assets

Banks' asset quality to improve after FY18: Icra

PSBs are expected to report relatively healthy return on equity at 10-12 per cent for FY18

Resolve 55 accounts in 6 months or face IBC: RBI to banks

Earlier this month, Reserve Bank of India identified 12 accounts for insolvency proceedings

RBI expands overseeing committee membership to five for bad loan resolution

The five-member committee has mandate to vet restructuring proposals for big-ticket stressed loans

Provide adequate transaction details in passbooks: RBI to banks

RBI also advised banks to avoid inscrutable entries in passbooks/statements of account

RBI announces names of five-member overseeing committee

OC will work with an expanded mandate to review cases being restructured under S4A

IDBI Bank bullish on UP agri sector, aims to utilise untapped potential

So far, IDBI Bank has set up 208 dairies in UP by financing various allied schemes

MPC meeting minutes: Dholakia argued for at least 50-bp rate cut

The chance of a rate cut at the next review, in August, look slim, says economists

Govt wants banks to deposit banned Rs 500, Rs 1000 notes at RBI by July 20

This is the second window the government has provided to banks, post offices and cooperative banks

Axis Bank plans to raise Rs 35,000 cr to fund expansion

The board of directors at its meeting held on April 26, 2017 had approved the fund raise plan

Adani Capital invests Rs 50 cr in PRA Realty's project in Pune

PRA Realty is amongst the fastest growing real estate developers in Pune

RBI lifts restriction on foreign investment in IDFC

After the shareholding of overseas investors fell below the prescribed level

Urjit Patel for avoiding premature policy action by RBI: MPC minutes

Ravindra Dholakia was not in favour of a pause and wanted a 50 basis point cut in the repo rate

MPC turns less hawkish, awaits data, reveal RBI minutes

Govt will post one more inflation data next month before RBI's next policy meeting on August 1-2

Retail investors, institutions stare at huge capital losses in 'Big 12'

Equity shareholders come last in the pecking order of payments at the time of liquidation

Dealers against Sebi's latest curb proposals on corp bonds' e-mechanism

Sebi wants the e-platform to be mandatory for issuance over Rs 50 cr, against Rs 500 cr earlier

NPA resolution: PMO takes stock of progress

Various measures to tackle rising bad loans were discussed.

Bank of Maharashtra shares down nearly 4% on RBI's PAC action

RBI has initiated PAC against the bank because of its mounting bad loans