Page 996 - Finance News
RBI debt lifeline to promoters & banks
New SDR norms allow promoters to manage debt-laden firms
 "RBI debt lifeline to promoters & banks")
Sharper loan tracking heat on defaulters
Bankers mull integrating corporate debt restructuring, JLF
 "Sharper loan tracking heat on defaulters")
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
 "Some bank licence applicants had undue optimism, says Mundra")
Banks cautious on growth in loans against property
This come when NBFCs too are getting increasingly active in the LAP space
 "Banks cautious on growth in loans against property")
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
 "RBS India chief Brijesh Mehra to head RBL corporate banking")
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
 "Oriental Bank of Commerce to raise Rs 1,000 crore by issuing bonds")
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.
 "RBI eases stressed asset restructuring rules for banks")
DCB Bank launches Aadhaar enabled ATM in Bengaluru
'Cardless and PIN less' ATM was launched by the former Chairman of UIDAI, Nandan Nilekani
 "DCB Bank launches Aadhaar enabled ATM in Bengaluru")
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
 "Banks need more tools to fight bad loans: SBI's Arundhati Bhattacharya")
SBI begins work on framework for subsidiaries' merger
Team has been formed under the supervision of associate and subsidiaries department, which is being headed by Managing Director, V G Kannan
 "SBI begins work on framework for subsidiaries' merger")
Telangana to lose revenue if SBH merged with SBI: CPI
SBI's board had submitted a proposal to the government for merging its five subsidiaries and Bhartiya Mahila Bank with itself
No clarity yet on selection panel's role in RBI chief appointment
Opinion in the government is clearly divided on FSRASC's role in the appointment of RBI governor
 "No clarity yet on selection panel's role in RBI chief appointment")
Forex reserves at all-time high
The reserves had earlier touched a record high of $363.12 billion in the week to April 29
Banks to rely on forensic audit for stressed projects
Bankers say SDR has failed in its intended results and as such a new restructuring exercising is the need of the hour
New debt recast plan may involve forensic audit of projects: Report
Forensic audit of individual cases will add a new dynamism in the entire debt recast process
 "New debt recast plan may involve forensic audit of projects: Report")
RBI cancels registration of three NBFCs
However, the RBI did not cite any reason behind the cancellation of registrations
TMB will grow by 10% in 2016-17, says new Chairman
The Bank will not look at high ticket advances in order to be careful and reduce NPA, says TMB Chairman S Annamalai
 "TMB will grow by 10% in 2016-17, says new Chairman")
PSBs need Rs 1.2 lakh cr capital infusion from govt: Moody's
According to Moody's, increased provisioning will constrain profitability and limit internal capital generation
 "PSBs need Rs 1.2 lakh cr capital infusion from govt: Moody's")
Don't be overzealous while lending, says Mundra
Says it leads to over-indebtedness of customers, results in default and spoils their credit history
LDF govt opposed to SBT's merger with SBI: Vijayan
This is the first political opposition to the proposed merger of SBI associate banks with the parent