Page 976 - Finance News
South Indian Bank to raise Rs 500 crore to augment business capital
The bank's scrip closed 0.71% up at Rs 21.25 on BSE
 "South Indian Bank to raise Rs 500 crore to augment business capital")
Private banks' grow retail advances book led by unsecured loans
Lenders say the rise of credit bureaus and easy monitoring of credit scores have helped them check delinquencies
 "Private banks' grow retail advances book led by unsecured loans")
SBI to chalk out circle-wise branch rationalisation plan
In metropolitan and large cities, the bank has spread adequately while scope still exists to cover other geographical areas like remote and under-served areas
 "SBI to chalk out circle-wise branch rationalisation plan")
SBI to offer overdraft facility to 7,00,000 small account holders
This apart, SBI is also planning to come out with small value insurance, investments and flexible deposit schemes
 "SBI to offer overdraft facility to 7,00,000 small account holders")
SBI identifies 7 lakh accounts for providing overdraft facility
These accounts were opened under the Pradhan Mantri Jan Dhan Yojana
 "SBI identifies 7 lakh accounts for providing overdraft facility")
Need to maintain regulations in banking: Arundhati Bhattacharya
The SBI chief also said that liquidity risk is the biggest risk which the banking sector is facing today
 "Need to maintain regulations in banking: Arundhati Bhattacharya")
 "Coming home on tap")
On-tap banking may not see long queue for licence
NBFCs, individuals most likely to apply
 "On-tap banking may not see long queue for licence")
Bond investors book profits after yields fall
In the last few years, bond yields have remained high despite rate cuts by the Reserve Bank of India
 "Bond investors book profits after yields fall")
Economic risks constrain Indian and Chinese banks, says S&P
Banks in India and China will continue to face pressures on their asset quality, profitability over next 12-24 years, report said
 "Economic risks constrain Indian and Chinese banks, says S&P")
Top 10 corporate groups owe Rs 5.73 lakh cr to lenders
Govt has approved establishment of six new Debt Recovery Tribunals to speed up the recovery of bad loans
 "Top 10 corporate groups owe Rs 5.73 lakh cr to lenders")
Banks asset quality woes, capitalisation stress to continue: S&P
Banks in India and China will continue to face pressures on their asset quality, profitability over next 12-24 years, report said
Indian Bank Q1 net profit zooms 43% to Rs 307 crore
Net non-performing assets of the bank rose to 4.48 per cent at the end of June 2016
 "Indian Bank Q1 net profit zooms 43% to Rs 307 crore")
RBI issues bank licence norms, bars conglomerates
RBI had granted licenses to Yes Bank and Kotak Mahindra Bank in 2004
 "RBI issues bank licence norms, bars conglomerates")
RBI ushers in on-tap bank licence
Conglomerates can hold only 10% stake; focus on NBFCs not controlled by large groups
 "RBI ushers in on-tap bank licence")
ICICI Bank, Apollo to set up asset reconstruction firm
ICICI Bank to hold 30% stake, rest to be picked up by Apollo subject to passage of amendment in Sarfaesi Act proposed in the budget
HDFC has appetite for more 'masala' bond deals
HDFC raised Rs 3,000 cr on July 14 via masala bonds, an offshore-traded, rupee-denominated issue
 "HDFC has appetite for more 'masala' bond deals")
SBI starts certification for officers who sanction loans
The process includes self-learning, class-room learning and the examination
 "SBI starts certification for officers who sanction loans")
ICICI Bank reduces MCLR by 0.05%
The overnight MCLR will be 8.90% under the revised rate structure which is effective from today
 "ICICI Bank reduces MCLR by 0.05%")
Other income, retail loan growth boost private banks' profit
Concerns on asset quality has stabilised
 "Other income, retail loan growth boost private banks' profit")