Page 993 - Finance News
Bank of India raises Rs 1,000 crore via Basel-III bonds
Bank of India shares closed 0.78% up at Rs 96.30 on BSE
 "Bank of India raises Rs 1,000 crore via Basel-III bonds")
Rajan, RBI's cash pile and bank recapitalisation
The idea of government using RBI's cash pile was first muted in the Economic Survey 2016
 "Rajan, RBI's cash pile and bank recapitalisation")
Five key things that RBI Governor Raghuram Rajan said at Assocham event
His views are on topics ranging from bad loans, low credit growth to willful defaulters
Only SBI consolidation in FY17, says FinMin
'Unions must come on board for other mergers'
 "Only SBI consolidation in FY17, says FinMin")
Bad debts responsible for low credit growth: RBI guv
Opposes using RBI reserves to recapitalise banks
 "Bad debts responsible for low credit growth: RBI guv")
Angel, VC investment in India has grown 40 times in five years: Rajan
Says globally banks tend not to lend to start-ups as they have little to show in terms of collateral when they seek money
 "Angel, VC investment in India has grown 40 times in five years: Rajan")
Raghuram Rajan opposes using RBI funds to recapitalise PSU banks
Rajan said the proposal to capitalise banks seems non-transparent idea that can create conflicts of interest
 "Raghuram Rajan opposes using RBI funds to recapitalise PSU banks")
DBS looks to ramp up its corporate book
The bank had seen a surge in bad loans in its corporate loan book in India about 24 months ago
 "DBS looks to ramp up its corporate book")
Exim Bank seeks equity infusion to be enhanced to Rs 1,300 cr
The bank has received about Rs 500 cr as equity from govt so far
 "Exim Bank seeks equity infusion to be enhanced to Rs 1,300 cr")
Govt considers merging 26 banks into six big lenders
SBI, PNB, Canara Bank, Union Bank, Bank of Baroda and Bank of India said to be leading merger, as per a government proposal
 "Govt considers merging 26 banks into six big lenders")
PSBs may get Rs 12k-cr extra capital in FY17
Govt confident additional allocation won't affect the 2016-17 fiscal target
Proposed small finance banks opt for holding firm
According to RBI norms, the promoter's minimum initial contribution to the paid-up share capital of an SFB should be at least 40 per cent
 "Proposed small finance banks opt for holding firm")
YES Bank plans aggressive credit card play
Open-sourcing refers to giving credit cards even to customers with whom the lender doesn't have a relationship
 "YES Bank plans aggressive credit card play")
YES Bank plans to raise $1 bn from international markets
Once RBI approves its application, YES Bank aims to get a full banking license in Singapore
 "YES Bank plans to raise $1 bn from international markets")
Adequate reserve to deal with FCNR redemption
After touching a record high last week, the country's foreign exchange reserves declined by $231 mn to $363.23 bn in the week ended June 10
 "Adequate reserve to deal with FCNR redemption")
KPMG, 3 others line up to be BoB's property advisor
BoB executive said resources through monetisation are expected to beef capital adequacy
Odisha moots mobile banks for un-banked areas
Currently, Odisha State Co-operative Bank providing banking services through 20 vans
 "Odisha moots mobile banks for un-banked areas")
 "SBI in 'Hall of Shame'")
HDFC Bank launches SME e-bank
Aims to grow market share in hinterlands
 "HDFC Bank launches SME e-bank")
SBI in 'Hall of Shame' of banks funding cluster bomb makers
SBI has been included in the list because of its exposure to Orbital ATK, a US-based company specialising in ammunition