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Shritama Bose
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Allahabad Bank puts two HDIL properties up for sale
State-owned lender Allahabad Bank has put up for sale two Maharashtra-based properties of Housing Development & Infrastructure (HDIL) to recover outstanding loans to the tune of Rs 175 crore.
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Banks mull AMC route for NPAs with Rs 1-2k-cr debt
Bankers warn given RBI deadline of August 28, move may prove to be counterproductive
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India heading towards a significant milestone in digital transactions; value of card usage at PoS nears Rs 1 lakh crore
Card transactions worth Rs 93,860 cr were recorded at PoS terminals, while the volume of such transactions was 466 million
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Bank of Baroda invites applications for post of CFO
Bank of Baroda (BoB), the country’s third-largest public-sector bank (PSB) by assets, on Tuesday sought applications for the post of chief financial officer (CFO).
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Lenders to rope in consultants to assess Videocon Oil Ventures’ loan request
A consortium of lenders led by State Bank of India (SBI) has sought bids from consultants who will validate the costs associated with the running of Videocon Oil Ventures’ (VOVL) upstream oil and gas assets in South America and South East Asia.
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Axis Bank-led consortium puts Lanco hydel plant in Uttarakhand up for sale
A consortium of lenders led by Axis Bank has put on sale a 76-megawatt (MW) hydropower project — operated by Lanco Mandakini Hydro Energy — in Rudraprayag, Uttarakhand, according to sources.
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PNB puts 3 loan accounts worth Rs 300 cr up for sale
Punjab National Bank (PNB) has put on sale loans worth Rs 300 crore to three entities and sought bids from asset reconstruction companies (ARCs) on a cash basis or through a mix of cash and security receipts (SRs), according to a sale document.
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Dena Bank to raise Rs 235 cr from sale of non-core assets
Mid-sized public-sector lender Dena Bank has sought bids for its stakes in NSDL e-Governance Infrastructure, National Securities Depository (NSDL) and Small Industries Development Bank of India (Sidbi) to raise Rs 235 crore, according to a public notice.
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MSME credit growth driven by services: RBI
While credit to medium, small and micro enterprises (MSMEs) has been seeing double-digit growth, much of it may have benefited MSME players in the services sector rather than those in manufacturing.
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IDBI Bank-led consortium puts Sai Wardha Power Plant up for sale
The plant’s total debt outstanding, as on March 31, stood at Rs 3,349 crore, of which IDBI’s exposure was 41%, or Rs 1,367 crore.
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ICICI Bank Statement: Whistleblower’s charges against 31 loan accounts
The accounts had a total outstanding of Rs 6,082 crore, or over 1% of the bank’s gross loans.
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Lanco Kondapalli’s power plant put on sale by lenders
Lenders led by Axis Bank have put on sale Lanco Kondapalli’s 1476-megawatt (MW) gas power plant in Andhra Pradesh.
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Bank of Baroda puts Rs 3k-cr exposure to NCLT accounts on sale
The bank has also put on the block its Rs 329-crore exposure to Binani Cement, which it had itself dragged to insolvency court.
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Essar Steel dues to pipeline firm continue to pile up
Odisha Slurry Pipeline Infrastructure (OSPIL), which owns the pipeline carrying iron ore to Essar Steel, has not been receiving payments from the steelmaker, Sunil Kanoria, vice-chairman, Srei Infrastructure Finance, has confirmed.
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Visa Power IRP invites resolution plans
The interim resolution professional (IRP) for Visa Power on Tuesday invited resolution plans for the company from interested bidders under the corporate insolvency resolution process (CIRP). On
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Essar Power (Jharkhand) RP invites EoIs from bidders
The resolution professional (RP) for Essar Power (Jharkhand) on Friday invited expressions of interest (EoIs) for the company from interested bidders under the corporate insolvency resolution process.
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PhonePe co-founder Rahul Chari hopes to ‘achieve’ 5 million transactions a day by 2018-end
PhonePe is working to expand its offline presence beginning with nationally prominent consumer brands. It is targeting five million transactions a day by the end of 2018, up from two million now.
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Lenders put Coastal Energen plant with Rs 7k-cr debt on sale
The outstanding term debt as on December 30, 2016, was Rs 6,132.14 crore and the working-capital outstanding, as on March 31, 2017, was Rs 831.53 crore. This is the second thermal power plant put up for sale by an SBI-led consortium in June.
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Debit card usage at POS back to note ban levels
The volume of debit card transactions at point of sale (POS) terminals bounced back to demonetisation levels in April this year, shows data released by the Reserve Bank of India (RBI) in its monthly bulletin for June 2018.
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Mobile banking: Paytm tops volumes, Axis value
At 17.2%, Axis Bank commands the largest value share of mobile banking transactions but it’s Paytm that tops volumes with 22%.
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As interest rates in bond markets harden, banks become preferred port of call for borrowers again
After almost four years banks are once again the preferred port of call for borrowers as interest rates in the bond markets harden.
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Boosting non-interest income: PSBs under PCA tie up with insurers and MF aggregators
Investment advisory is another channel through which smaller state-run banks under PCA are trying to support their income.
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Increased PSL eligibility limits to create room for low-cost homes
On April 25, FE had reported that the RBI had turned down a proposal from banks to confer priority sector status on affordable housing loans with relatively larger ticket sizes.
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Stressed asset: Lenders put SKS Power plant with Rs 5k crore exposure on sale
SBI Capital Markets (SBI Caps) has been appointed by SBI on behalf of the consortium to invite proposals through a bidding process and identify an investor for acquisition of at least 51% share in the company.
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Tightrope walk: 4 PSBs left with under 1% of capital base for lending
Of the four PSBs that ended March with CARs just above 9%, three – Central Bank of India, Corporation Bank and Indian Overseas Bank (IOB) – are under the RBI’s prompt corrective action (PCA) framework.
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SBI may join WhatsApp Pay by August
State Bank of India (SBI), one of the four large Indian banks with which Facebook-owned WhatsApp, has been working to launch a full-fledged payments service, will join the platform by August, according to sources.
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Public Sector Banks lose nearly Rs 60,000 crore, only two earn profits in Q4
Only two earn a profit; losses mostly from exposures turning bad
