Page 892 - Finance News

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

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

Karur Vysya Bank expects business to grow in FY18

Plans to raise over Rs 760 cr through rights issue

Need to strengthen loan restructuring mechanism to tackle NPAs: MoS Finance

The ordinance authorises RBI to issue directions to initiate insolvency resolution process

Bond market rally may continue for a few more months

Yield on 10-year gilt closed at 6.5% on Friday, about 14 basis points down from pre-policy level

Arun Jaitley to review performance of PSU banks

He will also review the performance of the lenders

Govt may approve one more PSU bank consolidation by March 2018

Enthused by success of SBI merger, finance ministry is considering clearing another such proposal

Allahabad Bank reduces MCLR

MCLR is a new methodology and benchmark introduced by RBI for setting lending rate by banks

Good news for those planning to buy homes: SBI makes home loans cheaper

Cuts rate on homes loans above Rs 75 lakh by 10 bps from June 15; new rate 8.55% for women, 8.6% for others

Rs 15,000 crore raised via QIP will support growth for two years: SBI chief

SBI sold 522 million shares at a price of Rs 287, largest share sale in secondary market by a bank

Federal Bank to raise Rs 2,500 crore as growth capital

18-20% growth expected in the current financial year

Urjit Patel to appear before parliamentary panel on July 6 to discuss demonetisation move

Members in panel are likely to ask Patel about how much money has come back into system

IndusInd Bank raises $225 million loan from OPIC; to support MSME lending

Agreement will facilitate at least 25% of the proposed facility to support women entrepreneurs

Rs 15,000-cr stake sale satisfies capital needs for at least a year, says SBI

This will take some of the pressure off the government which owns majority stakes in more than 20 lenders

PSBs need four times more capital than govt allocation: Moody's

Lower market valuations was biggest hindrance if PSBs chose to raise fresh equity from markets

Lower interest rate won't necessarily boost growth: Reddy

'Reduction in interest rates by itself does not increase credit flow', says Reddy

RBI grappling with inflation: Acharya

He said capacity utilisation in many sectors was very low, with a depressing impact on economy

Economy headed for consolidation: RBI survey

Retail inflation is expected to gradually rise to five per cent by the fourth quarter of 2017-18

Finance ministry and RBI split now out in the open

Traditionally, the RBI governor visits the Finance minister ahead of each monetary policy meeting

United Bank of India to cut NPAs by 10% every year

UBI is adequately capitalised as of now and this obviates the need for fresh capital infusion