Page 995 - Finance News

India central bank governor faces ghosts of rupee's past

The looming expiration of an emergency liquidity measure introduced during India's 2013 currency crisis comes at a risky time for the rupee

SBI merger to create banking powerhouse

Employee integration, branch rationalisation major challenges

Bank chiefs meet central agencies on bad loans

The meeting, held at RBI premises, was attended by chiefs of public sector banks, including State Bank of India head Arundhati Bhattacharya

Barclays launches platform for fintech start-ups

This comes at a time when both bank and non-financial players looking at this space actively

Cabinet approves merger of 5 associate banks with SBI

SBI will also take over Bharatiya Mahila Bank; merged entity will have asset base of Rs 37 lakh cr

RBI's new debt restructuring scheme may not be a game changer

Scheme also raises doubts on evergreening of loans by banks

913 wilful defaulters owe Rs 11,486 crore to PNB

The list includes embattled businessman Vijay Mallya's Kingfisher Airlines with an outstanding of Rs 597.44 crore

Wholesale-funded NBFCs relevant in India: Anshu Jain

Wholesale funding refers to funds borrowed by corporations, in high amounts, through financial institutions

Gunit Chadha quits Deutsche Bank as Asia-Pacific head

Chadha will quit the bank effective July 17 and the lender will be announcing a successor in due course

PNB's updated list of wilful defaulters includes Kingfisher Airlines

913 borrowers have been classified as wilful defaulters and they owe Rs 11,480 cr to the lender as of March 2016

Doubts arise on new debt restructuring scheme

Addresses some issues but not expected to be a game changer, say analysts; workability details also need to be out in place

RBI debt lifeline to promoters & banks

New SDR norms allow promoters to manage debt-laden firms

Sharper loan tracking heat on defaulters

Bankers mull integrating corporate debt restructuring, JLF

Some bank licence applicants had undue optimism, says Mundra

Both Mundra and RBI Governor Raghuram Rajan have expressed their disappointment in the returning of the licences earlier

Banks cautious on growth in loans against property

This come when NBFCs too are getting increasingly active in the LAP space

RBS India chief Brijesh Mehra to head RBL corporate banking

Appointment comes within a month of RBS announcing its withdrawal from customer facing activities in India

Oriental Bank of Commerce to raise Rs 1,000 crore by issuing bonds

The capital to be raised will be added to bank's tier-II capital

RBI eases stressed asset restructuring rules for banks

RBI Governor Raghuram Rajan has set a deadline of March 2017 to clean up the bad loans on bank balance sheets.

DCB Bank launches Aadhaar enabled ATM in Bengaluru

'Cardless and PIN less' ATM was launched by the former Chairman of UIDAI, Nandan Nilekani

Banks need more tools to fight bad loans: SBI's Arundhati Bhattacharya

Bank's Chairman stresses on having appropriate resolution mechanisms to deal with the issue