Page 906 - Finance News
Note ban crimps MFIs' securitisation by 21% in FY17
Last year MFI securitisation volumes had increased 80 per cent to around Rs 9,000 crore
 "Note ban crimps MFIs' securitisation by 21% in FY17")
Low credit growth, high GDP suggest decoupling: SBI
Loan growth plummeted to a whopping six decadal low of 5.08 per cent in fiscal 2017
 "Low credit growth, high GDP suggest decoupling: SBI")
SBI slips on tractor loan settlement plan
Crop failure and inability to deploy tractors were some of the reasons for the loans turning bad
 "SBI slips on tractor loan settlement plan")
Axis Bank logs 1 million micro-borrowers
The bank has ruled out any buyout
 "Axis Bank logs 1 million micro-borrowers")
Govt will nudge 6 PSBs to raise funds in line with Indradhanush plan
This will ease the pressure on the exchequer of pumping in capital
 "Govt will nudge 6 PSBs to raise funds in line with Indradhanush plan")
At 5%, FY17 bank credit growth slowest in 60 years
In the year to March 2016, banks reported a credit growth of 10.69 per cent at Rs 75.30 trillion
 "At 5%, FY17 bank credit growth slowest in 60 years")
BRICS bank plans to issue rupee, yuan bonds this year: Kamath
NDB plans to issue bonds this year in the Indian rupee and Chinese yuan
 "BRICS bank plans to issue rupee, yuan bonds this year: Kamath")
SBI's VRS offer gets tepid response
Two senior execs with SBI group said the package (maximum 30 mths salary) wasn't seen as attractive
 "SBI's VRS offer gets tepid response")
SBI merger: Hyderabad HC stays absorption of associate banks' officers
Scheme for absorption of 30,000 officers of five associate banks initiated by SBI hit a speed bump
 "SBI merger: Hyderabad HC stays absorption of associate banks' officers")
Banks' loans rose 5.1% in two weeks to March 31: RBI
Bank deposits rose 2.63 trillion rupees to 108.05 trillion rupees in the two weeks to March 31
 "Banks' loans rose 5.1% in two weeks to March 31: RBI")
Digital India: SBI targets transactions worth Rs 1 lakh crore
Online SBI, the bank's web banking platform, is the fifth most visited financial site globally
 "Digital India: SBI targets transactions worth Rs 1 lakh crore")
Hyderabad HC stays SBI's plan to assimilate associate banks' officers
Orders come on last day of deadline for submission of joining options by staff of associate banks
 "Hyderabad HC stays SBI's plan to assimilate associate banks' officers")
RBI tightens screws on banks to ease bad debt
New rules push mergers if capital levels fall below set ratios
 "RBI tightens screws on banks to ease bad debt")
2 held for conning people by creating fake SBI site to sell credit cards
Two of the accused, Sahil Verma and Monu, were arrested from Gurugram yesterday
 "2 held for conning people by creating fake SBI site to sell credit cards")
Citi profit beats estimates as fixed-income trading jumps
US banks have been benefiting from a jump in markets-related revenue following the rate hikes
 "Citi profit beats estimates as fixed-income trading jumps")
RBI revises rules for regulatory action on banks
Regulatory action will be taken if a bank's capital-to-risk-assets ratio falls below 7.75%, RBI said
SBI sees profit up to Rs 3,000 cr in 3 years after associates merger
Arundhati Bhattacharya expects cost and efficiency gains from the absorption of associate banks
Icra reports surge in banks' NPA slippage
SDR rules give lenders an 18-month window for bringing strategic investors for a troubled loan
 "Icra reports surge in banks' NPA slippage")
Altico Capital to raise property fund this year
Altico has been promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners
 "Altico Capital to raise property fund this year")
RBI had its 'carpe diem' moment on April 6 policy meet: HSBC
Report says RBI didn't suck out excess liquidity with its permanent tools like OMO, CRR hike