Banks general
Defaulters find IBC a stumbling block to loan write-downs: RBI
05 Nov 2018
A debtor-friendly environment had in part contributed to the ever-increasing stressed assets in the banking system, RBI deputy governor N S Viswanathan said, adding that when creditors know that they have weak rights, they are averse to lend
FM Jaitley returns fire, blames RBI for lending excesses
30 Oct 2018
While RBI has been pushing hard to clean up a banking system that’s saddled with bad debts, finance minister Jaitley opted to criticise the central bank over banks’ loan excesses, saying “it looked the other way when banks gave loans indiscriminately during 2008 to 2014”
HDFC Bank’s Q2 net vaults 20.6% to Rs5,005.73 cr
22 Oct 2018
RBI keeps policy repo rate unchanged at 6.5% amidst rupee fall
05 Oct 2018
In fact, RBI had noted some liquidity mismatch as the daily net average surplus of Rs20,100 crore during early August moved into deficit during end-August and then into a surplus during early September before moving into a deficit during end-September, which prompted the RBI to inject Rs20,000 crore of durable liquidity through bond purchases
Sandeep Bakhshi is new MD & CEO of ICICI Bank, Chanda Kochhar quits
04 Oct 2018
Chanda Kochhar, who has been facing an external enquiry against her in the Videocon loan matter, sought an early exit from the position, ICICI Bank said
Govt moves NCLT for management change at IL&FS
01 Oct 2018
The government is reported to have sought approval from NCLT to nominate 10 directors, including the managing director of Kotak Mahindra Bank Uday Kotak as IL&FS’ non-executive chairman
IL&FS on the verge of restructuring
01 Oct 2018
RBI eases SLR rules for banks to enhance liquidity
27 Sep 2018
Reserve Bank of India (RBI) has allowed banks to use government bonds equivalent to an additional 2 per cent of their net demand and time liabilities (NDTL), thereby taking lenders’ SLR window to 15 per cent
Jaitley exhorts banks to ensure clean and prudent lending
25 Sep 2018
While an economy growing at around 8 per cent would help banks in India grow in strength, Jaitley said, banks must strive to be seen always as institutions of clean and prudent lending
Sterling Bio director Nitin Sandesara, family flee Rs5,000-cr fraud probe
25 Sep 2018
CBI and the ED had, last year, booked five directors of Gujarat-based Sterling Biotech, besides chartered account Hemant Hathi, former Andhra Bank director Anup Garg and some others for cheating banks to the tune of Rs5,300 crore but does not have any clue now about their whereabouts
RBI asks Yes Bank’s Rana Kapoor to step down in 4 months
20 Sep 2018
While Yes Bank reported rapid growth over the last decade under Kapoor, the regulator pointed out discrepancies in the way the bank reported its bad loans
Govt to merge Bank of Baroda, Vijaya Bank and Dena Bank
18 Sep 2018
The merger of the three loss-making banks would create a larger entity with higher net worth and higher financial clout, which would help instil greater confidence in these banks
Govt’s high credit targets to blame for most NPAs: Rajan
12 Sep 2018
The system has been singularly ineffective in bringing even a single high-profile fraudster to book, which led to the impression that fraud is not discouraged, Rajan said
ArcelorMittal raises bid for Essar Steel to Rs42,000 crore
11 Sep 2018
Essar Steel, with its 10 million tonne a year production capacity, had outstanding debt of Rs50,786 crore as of March 2018 and the Rs42,000 crore offer is almost 83 per cent of its outstanding debt