Page 891 - Finance News
Top public sector banks: A financial snapshot
PSBs rose due to the direct effect of Reserve Bank of India's asset quality review
 "Top public sector banks: A financial snapshot")
Indian Bank gets shareholders' approval to issue equity shares
According to Sebi norms, the bank must increase public shareholding to 25%
 "Indian Bank gets shareholders' approval to issue equity shares")
Emkay and DBS ink pact for equity research distribution
This move would help Emkay expand its presence globally
 "Emkay and DBS ink pact for equity research distribution")
RBI examining relaxing NPA classification limit beyond 90 days
Currently, accounts turn into a NPA or bad loan if it is not serviced for 90 days
 "RBI examining relaxing NPA classification limit beyond 90 days")
In a first, Odisha develops bank mapping portal for financial inclusion
Portal has been developed for RBI, which claims 4,253 villages in the state are stilled un-banked
 "In a first, Odisha develops bank mapping portal for financial inclusion")
SBI to move NCLT over bad debts
Energy industry provides big-ticket cases under Bankruptcy Code
 "SBI to move NCLT over bad debts")
IDBI Bank to establish vertical for recovering Rs 45,000 crore NPAs
The Bank would also sell off its non-core assets to augment capital
 "IDBI Bank to establish vertical for recovering Rs 45,000 crore NPAs")
No assurance on write-offs due to merger, says SBI
SBI is in process of integrating merged entities' operations with its own to leverage cost
Top loan defaulters' list almost ready: Arun Jaitley
Jaitley says states offering farm loan waivers will have to generate funds from their own resources
 "Top loan defaulters' list almost ready: Arun Jaitley")
Bankers squabble over municipal bond mandates
Under the Smart Cities Mission, municipal bodies would issue bonds to raise money
 "Bankers squabble over municipal bond mandates")
Bank shares fall on farm loan waiver in Maharashtra
Impact of the loan waivers will be felt more on public sector banks than their private sector peers
 "Bank shares fall on farm loan waiver in Maharashtra")
SBI's capital raising credit positive, removes dependence on govt: Moody's
Yet, high credit costs may continue to erode profits as SBI will rebuild its provisioning coverage
 "SBI's capital raising credit positive, removes dependence on govt: Moody's")
Post Rs 15,000-cr QIP, SBI's paid up capital rises to Rs 863 crore
Total proceeds of the issue will be used to augment capital adequacy ratio, other corp purposes
 "Post Rs 15,000-cr QIP, SBI's paid up capital rises to Rs 863 crore")
Arun Jaitley reviews NPA scenario with top bankers
Meeting also featured the government's financial inclusion schemes
 "Arun Jaitley reviews NPA scenario with top bankers")
Govt actively working towards bank consolidation: Arun Jaitley
The minister hinted that a solution is coming very soon
RBI almost done with list of bad loans for resolution via bankruptcy: FM
Last month, the govt tweaked its laws to help tackle a record $150 bn in troubled bank debt
On pre-policy meetings, FinMin and RBI to stay with convention
View in some sections of govt is that there's no need for ministry officials to meet MPC members
 "On pre-policy meetings, FinMin and RBI to stay with convention")
FM Jaitley to meet PSU bank chiefs on Monday to review NPA situation
It will be first meeting after promulgation of ordinance amending the Banking Regulation Act
 "FM Jaitley to meet PSU bank chiefs on Monday to review NPA situation")
Interviews for heads of four PSU fin institutes to be held on June 22-23
The panel will interview about 19 shortlisted applicants, sources said
 "Interviews for heads of four PSU fin institutes to be held on June 22-23")
Karur Vysya Bank expects business to grow in FY18
Plans to raise over Rs 760 cr through rights issue
 "Karur Vysya Bank expects business to grow in FY18")