Page 913 - Finance News
Government infuses Rs 1,100 cr capital into Indian Overseas Bank
Will support Bank's turn around plan, says officials
 "Government infuses Rs 1,100 cr capital into Indian Overseas Bank")
Cap on corporate funds for political parties goes
Source of money for political entities widened; Lok Sabha passes Finance Bill
 "Cap on corporate funds for political parties goes")
Axis Bank to raise $16.2 million via bonds
The stock of Axis Bank closed 0.72 per cent down at Rs 484.50 on BSE
 "Axis Bank to raise $16.2 million via bonds")
Merger benefits to accrue only from Q3 2017-18: SBI MD Dinesh Kumar Khara
The bank's market share will shoot up to 23 per cent from the current 17 per cent
 "Merger benefits to accrue only from Q3 2017-18: SBI MD Dinesh Kumar Khara")
Ahead of SBI merger, State Bank VRS scheme to remain open for a short time
Available for those who put in 20 years of service or completed 55 years of age as on Feb 28, 2017
 "Ahead of SBI merger, State Bank VRS scheme to remain open for a short time")
Vodafone-Idea's $23 billion mega merger: Investment bankers abandoned
Many are struggling in a market that has long been difficult, thanks to messy deals, paltry fees
 "Vodafone-Idea's $23 billion mega merger: Investment bankers abandoned")
IDBI Bank to raise up to Rs 2,500 cr in equity capital
The bank would hold shareholders' meeting on April 27 to get nod for the capital raising plan
 "IDBI Bank to raise up to Rs 2,500 cr in equity capital")
Less than 2% loan recovered from what Mallya owes to banks
Banks had reported Rs 8,191 crore as loan outstanding against Mallya as on December 31, 2016
 "Less than 2% loan recovered from what Mallya owes to banks")
Bank unions to discuss benefit curtailment plan
The meeting has been convened by the All India Bank Employees Association
 "Bank unions to discuss benefit curtailment plan")
Bank officers want pay equality with central govt officers
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
 "Bank officers want pay equality with central govt officers")
Indian Bank staff say swapping bosses may not help IDBI Bank
Govt should have acted on defaulters instead of changing top executive in IDBI Bank, they say
 "Indian Bank staff say swapping bosses may not help IDBI Bank")
Start-ups, some NBFCs demand exemption from thin capital provisions
Experts say start-ups have low Ebitda initially and debt is raw material for NBFCs' biz requirements
 "Start-ups, some NBFCs demand exemption from thin capital provisions")
Bharatiya Mahila Bank to be merged with SBI from Apr 1
This, to ensure greater banking outreach to women
Indian Bank will have continuity in strategies and plans, says Jain
He said there will be some course correction, but no major impact on bank's future and strategy
NBFCs' NPAs to linger on for 1-2 quarters more on note ban: Moody's
However, NBFCs' exposure to risks from LAP is broadly offset by their share of stable mortgage loans
 "NBFCs' NPAs to linger on for 1-2 quarters more on note ban: Moody's")
Russian bank VTB to shut its only office in India
But the bank says it will continue to work in India
 "Russian bank VTB to shut its only office in India")
SBI merger impact: 47% of associate banks' offices to shut down
SBI is India's largest bank with assets of Rs 30.72 lakh crore
IDBI Bank appoints Mahesh Kumar Jain as MD and CEO
The present MD & CEO of IDBI Bank, Kishor Kharat has been appointed as MD & CEO of Indian Bank
 "IDBI Bank appoints Mahesh Kumar Jain as MD and CEO")
Govt approves Bharatiya Mahila Bank, SBI merger for greater outreach
The Union Cabinet, chaired by Prime Minister Narendra Modi, had last week cleared the merger
 "Govt approves Bharatiya Mahila Bank, SBI merger for greater outreach")
BMB to be merged with SBI
The decision taken in view of the advantage of the large network of SBI among other things
 "BMB to be merged with SBI")