Page 957 - Finance News
IFCI to sell entire stake in ACRE to Axis Bank
Shares of IFCI were trading 1.96 per cent higher at Rs 28.60 apiece from their previous close on the BSE
 "IFCI to sell entire stake in ACRE to Axis Bank")
Banks' confidentiality clauses could be compromised with FDMC
The Reserve Bank of India has been opposing the sharing of such granular data with the FDMC, saying it would be a breach of privacy
 "Banks' confidentiality clauses could be compromised with FDMC")
SBI invest Rs 100 crore for new local head office at GIFT City
Formally launches international banking unit at IFSC
 "SBI invest Rs 100 crore for new local head office at GIFT City")
Final guidelines on payments banks soon
RBI said to have taken note of players' concerns
 "Final guidelines on payments banks soon")
ATM growth shows a decline
Players shelve IPO plans as growth slows down
 "ATM growth shows a decline")
Arundhati Bhattacharya likely to get extension
Bhattacharya's three-year term comes to an end this month
 "Arundhati Bhattacharya likely to get extension")
PNB Gilts shareholders raise borrowing limit to Rs 7,000 crore
The company is the only listed primary dealer in India and the public share holding in company is 25.93%
 "PNB Gilts shareholders raise borrowing limit to Rs 7,000 crore")
Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra report
Report said the move is credit-positive for NBFCs with a retail focus, especially those which are in the mortgage space
 "Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra report")
Equirus to launch PMS arm by month-end with Rs 80 cr corpus
The company is awaiting approval from CDSL
 "Equirus to launch PMS arm by month-end with Rs 80 cr corpus")
IDBI Bank picks arrangers for share sale
IDBI Bank's fundraising could help bolster its balance sheet
 "IDBI Bank picks arrangers for share sale")
P2P lending on growth trajectory ahead of RBI guidelines
The industry is expecting RBI to create separate category of NBFCs for P2P lending on the lines of NBFC MFIs
 "P2P lending on growth trajectory ahead of RBI guidelines")
Local community apprises PM of Tamilnad Mercantile Bank row
Thuthukudi Nadargal Mahamai raises allegations against bank's directors
 "Local community apprises PM of Tamilnad Mercantile Bank row")
Banks struggling to find promoters for ailing firms: FM
Says funding to shore up PSBs has budgetary constraints
 "Banks struggling to find promoters for ailing firms: FM")
Bond yields may start rising soon
Indian bond market set for a correction, amid a steady rise in global bond yields
 "Bond yields may start rising soon")
Rupee devaluation: Will it help exports?
Economists say the benefit of a strong rupee outweighs the advantages of a weak currency
 "Rupee devaluation: Will it help exports?")
IDBI Bank said to seek up to Rs 6,000 cr via share sale
The fundraising may help the lender bolster its balance sheet and rein in bad debts
Banks to follow SBI on deposit rate cuts
Awaits RBI's monetary policy in October
 "Banks to follow SBI on deposit rate cuts")
Axis Bank to buy over 13% stake in ACRE from IFCI at Rs 22 cr
ACRE, an asset reconstruction company, is engaged in the acquisition of assets (NPAs) from banks/FIs and their resolution
SBI moves from balance sheet-based to cash flow-based lending
Decision sparked by mounting NPAs; mid-corporate bad loans account for 41% of total NPAs worth Rs 1.02 lakh crore
 "SBI moves from balance sheet-based to cash flow-based lending")
Deutsche Bank to fight $14 billion demand from US authorities
The bank has been asked to pay fine over misselling of mortgage-backed securities by the Department of Justice
 "Deutsche Bank to fight $14 billion demand from US authorities")