Page 924 - Finance News
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")
BoB posts profit of Rs 253 crore in Q3
Sequentially, net profit was down
India might allow Apple to refurbish iPhones for export
This is in the wake of overtures by Apple to sell used iPhones in India
 "India might allow Apple to refurbish iPhones for export")
Bank of Baroda reports net profit of Rs 253 crore in Q3
The interest expenses reduced by 8.05% to Rs 7,272 crore from Rs 7,909 crore
PNB plans to drag 250 defaulters to NCLT
Priority for time-bound action, repayment
 "PNB plans to drag 250 defaulters to NCLT")
Punjab National Bank plans to drag 250 defaulters to NCLT
Priority for time-bound action, repayment
 "Punjab National Bank plans to drag 250 defaulters to NCLT")
Treasury gain party over for banks
As rate easing cycle comes to halt, so does the high surge that banks witnessed in their income
 "Treasury gain party over for banks")
State Bank of India Q3 net profit jumps to Rs 2,610 cr, beats estimates
Standalone net profit, not including contributions from subsidiaries or associates, rose 134%
 "State Bank of India Q3 net profit jumps to Rs 2,610 cr, beats estimates")