Page 923 - Finance News
RBI to reimburse banks MDR charges effective January 1
First such claim may be made by April 30, 2017 for the quarter ending March 31, 2017
 "RBI to reimburse banks MDR charges effective January 1")
Rs 10,000 cr recapitalisation for PSBs in FY'18 enough: Vinod Rai
About the concept of bad bank, Rai said much can be argued on both sides
 "Rs 10,000 cr recapitalisation for PSBs in FY'18 enough: Vinod Rai")
No wage-related issues in merger of associate banks: SBI chief
Informs employees can either retain current pay structure or they can get SBI standards package
 "No wage-related issues in merger of associate banks: SBI chief")
SBI, associate banks gain after Cabinet okays merger
No decision was taken on the proposal to merge the Bharatiya Mahila Bank with SBI
 "SBI, associate banks gain after Cabinet okays merger")
Merger will lower operating costs for combined entity: SBI MD
Post-merger, a shareholder will get 28 shares of SBI for every 10 shares of SBBJ
Cabinet approves merger of 5 associate banks with SBI
Combined entity with 5 associate banks to place lender in the top 50 list
SBI merger could spill over to next financial year
Consolidation of books to take 30 days from announcement of merger date
 "SBI merger could spill over to next financial year")
Banks need Rs 91,000 cr capital to sustain 8-9% growth: Ind-Ra
Domestic rating agency believes there is an increasing divide between the large and smaller PSBs
 "Banks need Rs 91,000 cr capital to sustain 8-9% growth: Ind-Ra")
FCNR-B deposit pool shrinks sharply in Q3 on redemption
The deposits stood at $20.85 bn in December 2016 from $44.11 bn at the end of September 2016
 "FCNR-B deposit pool shrinks sharply in Q3 on redemption")
S&P downgrades IDBI Bank to 'BB' on very weak asset quality
It has lowered IDBI's stand-alone credit profile to 'B-' from 'BB-'
 "S&P downgrades IDBI Bank to 'BB' on very weak asset quality")
Bank of Baroda tanks over 10%, m-cap loses Rs 4,446 crore
The stock tumbled 10.26% to end at Rs 168.75 on BSE
 "Bank of Baroda tanks over 10%, m-cap loses Rs 4,446 crore")
Bank of Baroda's Q3 equity capital shrinks on reinterpretation of RBI rules
May tap QIP route to raise equity from government, investors
 "Bank of Baroda's Q3 equity capital shrinks on reinterpretation of RBI rules")
RBI's change in monetary policy stance ends bond rally
Foreign investors have been net sellers in bond market in past few months but turned positive in Feb
 "RBI's change in monetary policy stance ends bond rally")
Banks push debt-heavy firms to sell assets by March
Focus is on recovering part of the money from large borrowers before the close of the financial year
 "Banks push debt-heavy firms to sell assets by March")
PSBs' stress level down with better recoveries
This does, said bankers, give them confidence on follow-up action
 "PSBs' stress level down with better recoveries")
Indusind Bank not to grow unsecured book beyond 5%
Mid-sized private sector lender Indusind Bank is keen on acquiring new credit card customers
 "Indusind Bank not to grow unsecured book beyond 5%")
Banks rush to buy cyber security cover as digital payments rise
This is despite the fact that the industry base for cyber insurance is currently as low as Rs 60 cr
 "Banks rush to buy cyber security cover as digital payments rise")
IFCI posts Rs 45 cr net loss in December quarter
The company has registered a net profit of Rs 154.33 crore in Q3
 "IFCI posts Rs 45 cr net loss in December quarter")
RBI Governor Urjit Patel nudges banks to reduce lending rates
He said that cut could be done at least in sectors where reduction has been relatively lower so far
 "RBI Governor Urjit Patel nudges banks to reduce lending rates")
SBI Q3 net doubles to Rs 2,610 cr, first rise in five quarters
NPA provisions decline but gross bad loans as a percentage of total loans rose slightly to 7.23%
 "SBI Q3 net doubles to Rs 2,610 cr, first rise in five quarters")