Page 959 - Finance News
Banks add leverage to spice up 'masala' bonds for expatriate Indians
Masala bonds are not simply a way to borrow overseas, buy an attempt to make the tightly-controlled rupee available in global markets
 "Banks add leverage to spice up 'masala' bonds for expatriate Indians")
Axis, RBL & other banks take stake in NPCI
Urban cooperative banks and RRBs also come on board
Indiabulls to raise up to Rs 7,000 cr through NCDs
The base issue size is Rs 3,500 crore with an option of retaining an additional Rs 3,500 crore of subscription
NPCI widens shareholding base to 56 banks
Addition of new banks has increased NPCI's paid up capital to Rs 133 crore from Rs 100 crore
 "NPCI widens shareholding base to 56 banks")
ICICI Bank to offload another 6% in insurance arm in next 3 years
The bank will also be diluting over 12% of its stake in ICICI Prudential Life Insurance through IPO
 "ICICI Bank to offload another 6% in insurance arm in next 3 years")
BankBazaar.com launches multi-brand paperless platform for instant loans
Currently, the service is available for personal loans and car loans
 "BankBazaar.com launches multi-brand paperless platform for instant loans")
Eleven Indian banks risk breaching Basel III capital triggers: Fitch
The rating agency previously estimated that India's banks will need $90 billion in new capital to comply with the Basel III banking rules
 "Eleven Indian banks risk breaching Basel III capital triggers: Fitch")
Many Indian banks risk breaching Basel III capital triggers: Fitch
Public sector banks are the most at risk
 "Many Indian banks risk breaching Basel III capital triggers: Fitch")
Finance Ministry revises criteria for recapitalisation of PSU banks
The government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks
 "Finance Ministry revises criteria for recapitalisation of PSU banks")
FCNR redemptions won't be disruptive, say bankers
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
 "FCNR redemptions won't be disruptive, say bankers")
Janalakshmi Finance gets rating upgrade, IPO likely by FY19
Equity infusion of Rs 1,000 crore by investors in April 2016 increased net worth to Rs 2,400 crore
New lending norms may nudge banks towards retail loans: SBI
The latest norms regarding lending to large corporates make corporate lending more costly, said Arundhati Bhattacharya
 "New lending norms may nudge banks towards retail loans: SBI")
Why QIPs said no to YES Bank
YES Bank has the unfortunate distinction of deferring its proposed institutional private placement of $1 bn after keeping it open for a day
 "Why QIPs said no to YES Bank")
Banks must remain prudent about NPAs, says Pranab Mukherjee
President reminds bankers of their sacred duty to safeguard the money of those who have reposed trust in them
 "Banks must remain prudent about NPAs, says Pranab Mukherjee")
Rule that tripped YES Bank's QIP
An LODR requirement for prior intimation derailed the year's biggest QIP but the Street also smells pricing issues
 "Forex reserves hit record high")
Piramal Finance to raise up to Rs 10,500 cr via bonds, commercial paper
Icra has assigned a rating of AA with a stable outlook to non-convertible debentures worth Rs 7,500 crore and a rating of A1+ (investment grade) to Rs 3,000 crore worth of commercial paper/short-term
 "Piramal Finance to raise up to Rs 10,500 cr via bonds, commercial paper")
FTIL stock up 13% on better June quarter result
The company reported a turnaround for April-June, with net profit of Rs 12.4 crore
 "FTIL stock up 13% on better June quarter result")
IDBI AMC appoints Dilip Mandal MD & CEO
Prior to joining IDBI AMC, Mandal was chief general manager & zonal head of IDBI Bank
 "IDBI AMC appoints Dilip Mandal MD & CEO")
MFI sector worth seen trebling at Rs 4.3 trillion in 4 years: Icra
Estimate includes micro credit across self-help groups, MFIs and banks
 "MFI sector worth seen trebling at Rs 4.3 trillion in 4 years: Icra")