Page 900 - Finance News
IndAS norms: Banks set to see higher provisioning in FY19, says ICAI
New accounting standard would be applicable from January next year
 "IndAS norms: Banks set to see higher provisioning in FY19, says ICAI")
Karnataka Bank Q4 net profit up 30% at Rs 138 cr
Total income during March quarter rose to Rs 1,606.19 crore in 2016-17
 "Karnataka Bank Q4 net profit up 30% at Rs 138 cr")
One year on, Banks Board Bureau looks less relevant
BBB will be advising the government on evolving suitable training and development programmes
 "One year on, Banks Board Bureau looks less relevant")
YES Bank under-reported FY16 bad loan, finds RBI audit
RBI had asked banks to conduct an asset quality review in Q3 and Q4 of FY16
 "YES Bank under-reported FY16 bad loan, finds RBI audit")
UCO Bank posts net loss of Rs 588 cr for sixth successive quarter
UCO Bank said no dividend has been announced for 2016-17
 "UCO Bank posts net loss of Rs 588 cr for sixth successive quarter")
Come July, Disha Microfin's small finance bank to be operational
Reserve Bank grants final license to start SFB
 "Come July, Disha Microfin's small finance bank to be operational")
RBI begins 'corrective action' against UCO Bank on high bad loans
UCO reported a narrowing of its quarterly loss and bad-loan ratio
Need to eliminate 'ad hocism' in auditor selection at PSBs: ICAI
RBI has asked banks to make the process of appointing statutory branch auditors fair
Kotak bank to raise Rs 5,662 cr via QIP, promoter stake to fall
RBI had asked Uday Kotak to reduce his stake in the bank to 30% by June 2017, 20% by Dec 2018
 "Kotak bank to raise Rs 5,662 cr via QIP, promoter stake to fall")
Axis Bank scouts for life insurance tie-up
Was not interested in entering the segment itself because of opportunities in core banking business
 "Axis Bank scouts for life insurance tie-up")
SBI to allow ATM withdrawals via e-wallet, denies ATM service charge hike
There were media reports about hike in service charges to Rs 25 on regular ATM transactions
 "SBI to allow ATM withdrawals via e-wallet, denies ATM service charge hike")
RBI restricts IDBI Bank from borrowing over financial health concerns
In April, regulator had put in place revised guidelines for a correction action plan for weak banks
 "RBI restricts IDBI Bank from borrowing over financial health concerns")
RBI net buys $3.53 billion from spot market in March
In the forward dollar market, the outstanding net forward purchase at March-end was $10.835 bn
 "RBI net buys $3.53 billion from spot market in March")
Videocon Industries turns NPA for Dena Bank
The total exposure of lenders to the electronic goods maker is pegged at Rs 45,000 crore
 "Videocon Industries turns NPA for Dena Bank")
Dena Bank to face RBI heat as it reports loss for two consecutive years
Under PCA, RBI can clamp down on bank's business activities, curbing lending and branch expansion
 "Dena Bank to face RBI heat as it reports loss for two consecutive years")
IDBI Bank first under corrective action plan
High NPAs, negative returns on assets trigger step
 "IDBI Bank first under corrective action plan")
Optimism towards PSBs may not last
The private sector banks have high valuations and can raise cash to meet Basel-III norms
 "Optimism towards PSBs may not last")
Despite a bad quarter Bharat Financial keeps analysts' hopes high
Q4 loss of Rs 235 cr seen as one-off event, due to note ban-induced bad loan provision of Rs 335 cr
NPA crisis: IDBI Bank under RBI watch over high level of bad loans
The bank's stressed assets zoomed 80% year-on-year to Rs 35,245 crore in December quarter
SBI to issue FPO/QIPs to raise funds, expand base
Bank plans to appoint 6 merchant banker to manage the issue
 "SBI to issue FPO/QIPs to raise funds, expand base")