Page 972 - Finance News
RBI questions banks for lending Rs 5,262 cr to REI Agro
As many as 21 banks had extended loan of Rs 5,262 crore to REI Agro Ltd, a basmati rice trading firm
 "RBI questions banks for lending Rs 5,262 cr to REI Agro")
Only four banks in the fray for Suuti mandate
Centre rejects 6 others for conditional bids; no foreign entity in final shortlist
 "Only four banks in the fray for Suuti mandate")
Public sector banks should be flexible to use of new technology: Montek Singh Ahluwalia
Speaking about digitisation, he said it is not only increasing productivity but also leading to disruption of the existing business model
 "Public sector banks should be flexible to use of new technology: Montek Singh Ahluwalia")
Yes Bank to raise $1 bn via QIP in next 7 months
Yes Bank reported a 32.8% rise in net profit to Rs 731.8 cr during the first quarter ended June 30
 "Yes Bank to raise $1 bn via QIP in next 7 months")
CBI files FIR against Vijay Mallya
FIR filed under charges of cheating and criminal conspiracy; SBI said to be complainant in case, according to a TV report
 "CBI files FIR against Vijay Mallya")
SBI stock rises despite 32% fall in profit
Rs 14,384-cr capital boost from realty re-valuation
 "SBI stock rises despite 32% fall in profit")
Bank of India Q1 net loss at Rs 741 crore
The state-run bank had earned a net profit of Rs 129.7 cr in the April-June quarter of last financial year
 "Bank of India Q1 net loss at Rs 741 crore")
Central Bank of India Q1 loss at Rs 600 cr
Total income of the bank declined to Rs 6,662.6 crore as against Rs 7,098.99 crore in the same period last year
 "Central Bank of India Q1 loss at Rs 600 cr")
OBC Q1 profit dips 61% at Rs 101 cr
Total income decreased to Rs 5,392.70 crore for the quarter under review
 "OBC Q1 profit dips 61% at Rs 101 cr")
Allahabad Bank net loss at Rs 565 cr
Against a net profit of Rs 146.86 crore in the same period last financial year
 "Allahabad Bank net loss at Rs 565 cr")
Raising FCNR deposits was driven by FinMin: Rajan
RBI had originally expected to raise $10 billion but eventually raised about $30 billion under the scheme
 "Raising FCNR deposits was driven by FinMin: Rajan")
Dhanlaxmi Bank shows NPA, capital risks: Fitch
The rating agency says this is the first time investors in India have had to forgo interest on a bank capital instrument
 "Dhanlaxmi Bank shows NPA, capital risks: Fitch")
Govt forms panel to discuss bringing pension products under PFRDA
Currently, pension products floated by fund houses and insurance firms are regulated by Sebi and Irdai, respectively
 "Govt forms panel to discuss bringing pension products under PFRDA")
Nationalised banks top grouse list in Odisha: Ombudsman
They account for 39.08% of all complaints reported by banking ombudsman in its annual report for 2015-16
 "Nationalised banks top grouse list in Odisha: Ombudsman")
Attempts made to hack online system of a PSU bank: Arun Jaitley
Jaitley said after the hacking attempts, all banks and the RBI have taken a number of security measures to check such designs
 "Attempts made to hack online system of a PSU bank: Arun Jaitley")
SBI Q1 net falls 32%, gross NPAs cross Rs 1 lakh cr-mark
Shares of the bank rose more than 8.55% after the results on the lower-than-expected rise in bad loans
 "SBI Q1 net falls 32%, gross NPAs cross Rs 1 lakh cr-mark")
SBI Q1 net falls 32%, bad loans rise slightly
However, the shares of state-run bank rose more than 5% after the results on the lower-than-expected rise in bad loans
 "SBI Q1 net falls 32%, bad loans rise slightly")
 "RBI mulls liability cover in fraud for bank clients")
BoB Q1 net dives 60% to Rs 424 cr
Back in black after losses in two quarters; slippages in retail book a surprise
 "BoB Q1 net dives 60% to Rs 424 cr")