Page 914 - Finance News
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
 "Indian Bank will have continuity in strategies and plans, says Jain")
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")
GoI issues notification swapping Indian Bank chief with that of IDBI Bank
Decision comes at a time when IDBI Bank has been suffering due to increase in NPAs
 "GoI issues notification swapping Indian Bank chief with that of IDBI Bank")
IndusInd Bank raises Rs 1,000 crore via bonds compliant with Basel III
The bonds, in the nature of debentures, are of face value of Rs 10 lakh each
 "IndusInd Bank raises Rs 1,000 crore via bonds compliant with Basel III")
Icra cuts outlook on Satin Creditcare's bonds to negative
Move prompted by rising defaults in MFI loan books following note ban in November
 "Icra cuts outlook on Satin Creditcare's bonds to negative")
Too bad Air India: FinMin pours cold water on SPVs for bad loans
Ministry argues entity's debt should be serviced by internal resources; govt should not pay for them
 "Too bad Air India: FinMin pours cold water on SPVs for bad loans")
Citibank to take solution co-developed with Bengaluru's Moxtra globally
Both companies have jointly developed an in-app video conferencing and collaboration tool
 "Citibank to take solution co-developed with Bengaluru's Moxtra globally")
As Mudra refinance loses sheen, focus shifts to credit guarantee
Any loan by a financial institution to an SME below Rs 10 lakh is termed a Mudra loan
 "As Mudra refinance loses sheen, focus shifts to credit guarantee")
Vinod Rai writes to FM, PMO on bad loans, suggests roadmap
Bad loans of PSBs rose by about Rs 1 lakh crore during the April-December period of 2016-17
 "Vinod Rai writes to FM, PMO on bad loans, suggests roadmap")
Large corporate loan recast in deep waters
200 accounts set to become NPAs by March-end as bankers want immunity from prosecutions in future
Industry demands easy MSME credit from Yogi Adityanath
UP has an MSME base of over 3 million and the sector is the largest job creator after agriculture
 "Industry demands easy MSME credit from Yogi Adityanath")
Cabinet nod for merger of BMB with SBI likely in 3 months
Union Cabinet has already given in-principle approval to the merger of BMB with State Bank of India
 "Cabinet nod for merger of BMB with SBI likely in 3 months")
Govt asks 10 banks to cut staff benefits for capital
FinMin wants banks to get commitment from trade unions
 "Govt asks 10 banks to cut staff benefits for capital")
Govt, RBI plan to initiate criminal action against large wilful defaulters
PMO, FinMin, RBI also plan one-time settlement scheme for some sectors
 "Govt, RBI plan to initiate criminal action against large wilful defaulters")
SBI may introduce variable pay structure
Unions say it might be difficult for them to stop this move after merger