Page 84 - Banks
Banks approve bonds, CPs worth over Rs 14,000 crore issued by NBFCs
About 46 per cent of this sum for purchase by public sector banks is for bonds or CPs rated below 'AA'
 "Banks approve bonds, CPs worth over Rs 14,000 crore issued by NBFCs")
The perils of name lending: Banks count cost of loans in NMC collapse
Borrowing on the basis of reputation, known as "name lending", and taking on a large exposure to one person or entity is not unusual in the Gulf region
 "The perils of name lending: Banks count cost of loans in NMC collapse")
Canara Bank plans to raise up to Rs 8,000 cr in FY21 via equity shares
A number of public and private sector banks have outlined their capital raise plans for the fiscal to meet their growing business and regulatory requirements
 "Canara Bank plans to raise up to Rs 8,000 cr in FY21 via equity shares")
Son of ex-bank staffers among three held for running fake SBI branch
The three-month-old branch came under the lens after an SBI customer noticed it in Panruti and informed his branch manager
 "Son of ex-bank staffers among three held for running fake SBI branch")
Coronavirus will cost banks over $2 trillion in losses on loans: S&P Global
Around 60% of the losses are likely to be in Asia-Pacific, it added
 "Coronavirus will cost banks over $2 trillion in losses on loans: S&P Global")
Ensure safety of bank staff, act against unruly people: FinMin to states
Following the Surat incident, Finance Minister Nirmala Sitharaman had assured that the safety of all members of staff in banks is of importance
 "Ensure safety of bank staff, act against unruly people: FinMin to states")
Investors advised caution, shouldn't be gung-ho about banks' Q1 updates
Moratorium extension and business flow from March may have influenced figures
Inevitability of defaults: Promoters gripe over loans being sold to ARCs
'Once the moratorium is lifted, we expect several companies to default. The bank will have no other option but to either restructure the loan or sell it to ARCs,' says a banker
 "Inevitability of defaults: Promoters gripe over loans being sold to ARCs")
RBI can frame revival plan for all banks without imposing moratorium
The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law
 "RBI can frame revival plan for all banks without imposing moratorium")
Banks sanction over Rs 79,000-crore loans to 1.9 mn MSMEs, says govt
The top lenders under the scheme are SBI, HDFC Bank, Bank of Baroda, PNB and Canara Bank
 "Banks sanction over Rs 79,000-crore loans to 1.9 mn MSMEs, says govt")
HSBC revives plan to slash 35,000 jobs, freeze hiring to cut costs: Report
The bank will also maintain a freeze on almost all external recruitment, Chief Executive Noel Quinn said in the memo sent to the bank's 235,000 staff worldwide
 "HSBC revives plan to slash 35,000 jobs, freeze hiring to cut costs: Report")
Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more
From IBM dropping its facial recognition software, Irdai withdrawing its long-term covers on motor to FM telling banks to improve interest rate transmission, here are the top headlines on Wednesday
 "Top headlines: IPO filings dry up, challenges for Maruti Suzuki, and more")
FM Nirmala Sitharaman tells banks to improve interest rate transmission
The FM told bankers that interest rate transmission is not happening as expected
 "FM Nirmala Sitharaman tells banks to improve interest rate transmission")
Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs
Urges units facing any such delay to write to it, assured corrective action and disbursement of loan
 "Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs")
Oil rescues big banks' commodities profits as gold income tumbles
The banks' net revenue from trading, selling derivatives and other activities in the commodities sector was around $1.5 billion over January-March, the financial industry analytics firm said
 "Oil rescues big banks' commodities profits as gold income tumbles")
RBI imposes penalties on three banks for non-compliance of norms
Bank of India suffers Rs 5 cr fine, Karnataka, Saraswat hit with Rs 1.2 cr and Rs 30 lakh penalty
 "RBI imposes penalties on three banks for non-compliance of norms")
Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI
RBI has directed the banks to link floating rates on housing loans to external benchmarks
 "Banks not passing rate cut benefits to borrowers, developers: CREDAI to RBI")
Don't fear CBI, CVC, CAG; extend loan to eligible borrowers: FM to bankers
In case of default, the individual bank or official will be hauled up, she said in a conversation with BJP leader Nalin Kohli uploaded on the party's social media platforms
 "Don't fear CBI, CVC, CAG; extend loan to eligible borrowers: FM to bankers")
Banks bat for package for beleaguered aviation, hospitality, realty sectors
Public sector bank executives said these three sectors have been hit badly in the immediate aftermath of lockdown announced in March 2020
 "Banks bat for package for beleaguered aviation, hospitality, realty sectors")
Banks, financial cos must be allowed to avail credit insurance: Irdai group
Trade credit insurance covers a seller against the risk of non-payment by its customers arising due to willful default or insolvency
 "Banks, financial cos must be allowed to avail credit insurance: Irdai group")