Page 890 - Finance News
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")
Axis Bank board okays Rs 5k crore capital raise on private placement
Shares of Axis Bank closed flat at Rs 508.05 on BSE
 "Axis Bank board okays Rs 5k crore capital raise on private placement")
Risk weights cut on home loans credit negative for banks: Moody's
RBI lowered risk weight for housing loans above Rs 75 lakh to 50% from earlier 75%
 "Risk weights cut on home loans credit negative for banks: Moody's")
Moody's terms easing of housing finance norms by RBI as 'credit negative'
The lower capital requirements will weaken banks' protection from the housing sector
 "Moody's terms easing of housing finance norms by RBI as 'credit negative'")
Improve your returns with NCDs
Invest in five-six issues to spread your risk and hold them for the entire tenure
 "Improve your returns with NCDs")
TMB plans to list by 2019
Bank's shares were privately traded at around Rs 400 and this price could double before the IPO
 "TMB plans to list by 2019")
BoB, Canara may lead round 2 of bank mergers
Dena Bank, Vijaya Bank, UCO Bank among the acquisition targets
 "BoB, Canara may lead round 2 of bank mergers")
Banking sector is in a sweet spot, relatively: Gopal Agrawal
Interview with chief investment officer for equities, Tata Asset Management
 "Banking sector is in a sweet spot, relatively: Gopal Agrawal")
Are PNB HF's premium valuations sustainable?
Continued market share gains, healthy asset quality to support valuations
 "Are PNB HF's premium valuations sustainable?")
Banks express concern over stress in telecom sector
A bank official said SBI's exposure to telecom companies is in the range of Rs 80,000 crore
 "Banks express concern over stress in telecom sector")
'NCLT, insolvency infra won't suffice to handle RBI's move to curb NPAs'
Experts say NCLT might not be able to adhere to time frame of 14 days to admit these cases
 "'NCLT, insolvency infra won't suffice to handle RBI's move to curb NPAs'")
Bankruptcy Bill gets Cabinet nod
The Bill, when enacted, will pave the way for setting up of the Resolution Corporation
 "Bankruptcy Bill gets Cabinet nod")
Bank stocks gain up to 7.7% on RBI's NPA resolution move
Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is with PSBs
Bharat Financial to rollout 2 lakh kirana points for financial transactions
This initiative would result in 40% improvement in overall efficiency
 "Bharat Financial to rollout 2 lakh kirana points for financial transactions")
RBI puts Central Bank of India under 'corrective action' as bad loans surge
Central Bank of India had a net non-performing loans ratio of 10.2 per cent, as of end-March
Bad loans crisis: Banks are rushing to courts to get defaulters to pay up
Number of suits filed by banks against willful defaulters has more than doubled since December 2013
 "Bad loans crisis: Banks are rushing to courts to get defaulters to pay up")
NPA problem: RBI identifies 12 mega defaulters for insolvency
The RBI will issue directives to banks on these large accounts
 "NPA problem: RBI identifies 12 mega defaulters for insolvency")
Financial creditors have expertise to resolve RBI-referred NPA cases: Sahoo
He says there is no clash between mechanism of insolvency and RBI's oversight committee
 "Financial creditors have expertise to resolve RBI-referred NPA cases: Sahoo")
Banks' code compliance falls in 2016-17
Only one-fourth of the 51 banks in the country are rated 'high' for complying with the norms
 "Banks' code compliance falls in 2016-17")
Andhra Bank puts up Rs 3,871-crore NPA assets for sale, prefers cash bids
The bank has already sold NPAs worth Rs 800 cr in the quarter ended December 2016
 "Andhra Bank puts up Rs 3,871-crore NPA assets for sale, prefers cash bids")