Page 988 - Finance News

Banks need $90 billion to meet Basel III rules: Fitch

Govt has plans to inject Rs 450 billion ($6.7 billion) in the banks through March 2019

CCEA allows Axis Bank to raise foreign shareholding to 74%

The proposal will lead to foreign investment of about Rs 12,973 crore

Fitch downgrades banking outlook to negative on high NPAs

The agency has affirmed long-term ratings of nine banks at 'BBB-'

PE-VC deals value declines 11% to $7.6 bn in Jan-Jun

Slowdown in e-commerce investments key contributor to fall

CCEA okays Axis Bank plan to raise foreign investment to 74%

FIPB had referred the bank's proposal to CCEA, as the capital inflow was over Rs 5,000 crore

Bhushan, Electrosteel might be candidates for debt recast

Lenders are likely to consider Electrosteel, Bhushan Steel and Visa Steel for debt recast under the Scheme for Sustainable Structuring of Stressed Assets (S4A).

Edelweiss to double retail loan book to Rs 10,000 cr by Mar'18

Aims to increase share of retail resources to 20%

Indian Overseas Bank MD & CEO R Koteeswaran demits office

He took over as Managing Director & Chief Executive Officer of the bank on December 31, 2014

PNB waives processing fee for home, car loans till Sep 30

During this financial year, bank's focus is on retail, particularly housing, car and education segment

RBI appoints Sudarshan Sen as Executive Director

Sen will look after Department of Banking Regulation, Co-operative Bank Regulation and Non-Banking Regulation

RBI may soon allow interoperability of Post payment bank ATMs

DoP has 28,000 departmental post offices and 1.50 lakh rural post offices across the country

RBI's new deputy governor Vishwanathan takes charge

The 58-year-old replaces H R Khan who retired on Monday

ICICI Bank to add 400 branches, 1,000 ATMs this fiscal

MD & CEO Chanda Kochhar says a wide branch network is a cornerstone in retail banking

RBI governor's fixed tenure lowest among all major central banks

Here is the list of some important global central banks and the terms of appointment of their governors

SBI secures $625 mn from World Bank for solar programme

Eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects

N-E states fear loss of stake after regional rural banks' merger

SBI holds a 35% stake, the Centre 50%, and the respective state governments 15% in each of the five RRBs in the North East.

Former Indian Bank's CMD sentenced to undergo rigorous imprisonment

On completion of trial, M Gopalakrishnan and Sai Jagannathan were convicted and sentenced to three years of rigorous imprisonment

SBI secures $625 mn from World Bank for solar programme

Through this initiative, at least 400 MW solar capacity will be created across the country

NPAs in Gujarat MSMEs almost doubles to 6.93% in FY16

According to bankers, this was on account of the cotton ginning industry which was the most affected sector in FY2015-16

CAG seeks auditing of regulators like RBI

National auditor says a significant part of NPAs was due to fraud and may never be recovered