Page 889 - Finance News
12 large NPA cases yet to come before IBBI, says M S Sahoo
The 12 a/cs are led by SBI (6 of them), PNB, ICICI Bank, Union Bank, IDBI Bank & Corporation Bank
 "12 large NPA cases yet to come before IBBI, says M S Sahoo")
Big NPAs offer insolvency professionals a Rs 2,500-cr biz prospect
SBI seeks applications for empanelment, sets stiff conditions
 "Big NPAs offer insolvency professionals a Rs 2,500-cr biz prospect")
IDBI Bank to raise up to Rs 5,000 crore
The bank will put the proposal for raising equity capital before shareholders at its AGM on July 18
 "IDBI Bank to raise up to Rs 5,000 crore")
Bandhan Bank to open 160 branches more
The bank currently has 840 branches spread across different states in the country
 "Bandhan Bank to open 160 branches more")
After SBI, 4 other govt banks asked to weigh acquisition of smaller peers
Niti Aayog sets tone, tenure of roadmap for second round of consolidation in banking sector
 "After SBI, 4 other govt banks asked to weigh acquisition of smaller peers")
RBI puts Bank of Maharashtra under prompt corrective action lens
Bank's net non-performing assets ratio rose to 11.76% at the end of March
 "RBI puts Bank of Maharashtra under prompt corrective action lens")
NPCI to roll out RuPay credit cards
The banks which are working on the credit card includes public sector banks and a cooperative bank
 "NPCI to roll out RuPay credit cards")
SBI cautious in India but looking to increase corporate lending in Europe
SBI Frankfurt is looking at around 20-25 per cent growth in business over the next years
 "SBI cautious in India but looking to increase corporate lending in Europe")
Equitas to diversify products for a sustainable model
Equitas has in the past year started a Small Finance Bank (SFB)
 "Equitas to diversify products for a sustainable model")
RBI initiates PCA against Bank of Maharashtra as bad loans rise
BoM has become the sixth state-owned lender to be put under the PCA
Steel firms dominate RBI's list of 12 defaulters
Bhushan Steel, Lanco Infratech, and Essar Steel the most indebted companies
 "Steel firms dominate RBI's list of 12 defaulters")
PSBs need more than budgeted capital infusion: Mundra
RBI identified stressed accounts each having more than Rs 5,000 crore of outstanding loans
 "PSBs need more than budgeted capital infusion: Mundra")
Faster insolvency process in place for start-ups, small companies
Now, it'll be completed within a maximum of 135 days, as IBBI will notify new norms in this regard
 "Faster insolvency process in place for start-ups, small companies")
Don't report frauds below Rs one lakh to police: CVC to public sector banks
Earlier banks were mandated to report fraud of above Rs 10,000 and below Rs one lakh to police
 "Don't report frauds below Rs one lakh to police: CVC to public sector banks")
RBI finalising co-origination lending guidelines: Dy Gov S S Mundra
He said consultations have already taken place with the banking industry on this issue
 "RBI finalising co-origination lending guidelines: Dy Gov S S Mundra")
Bhushan, Essar Steel among 12 cos being moved to insolvency courts: Sources
Bank groups plan meetings in next two weeks to decide action
 "Bhushan, Essar Steel among 12 cos being moved to insolvency courts: Sources")
State-run lenders may need more capital, says RBI deputy governor
S S Mundra said there was no specific timeline set to identify additional loan defaulters
Mergers may not be a bad idea for BoB, Canara Bank
Stocks dip but experts see need to consolidate public sector banks
 "Mergers may not be a bad idea for BoB, Canara Bank")
Deutsche Bank to restructure corporate, investment banking
Global Capital Markets division will be headed by Alexander von zur Muehlen, Mark Fedorcik
 "Deutsche Bank to restructure corporate, investment banking")
Canara Bank to raise Rs 3,500 cr in equity
The bank had raised Rs 1,124 crore in March through a rights issues of equity shares
 "Canara Bank to raise Rs 3,500 cr in equity")