Shritama Bose

Digital payments: Small shops get banks’ backing for lower UPI charges

If proposal accepted, eligible merchants will not need to shell out MDR or fee charged by banks for offering payment acceptance.

rbi, banks, digital payments News

Bank of India sells exposures to three large accounts

Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT — during the quarter ended December with haircuts ranging between 64% and 84%.

Markets News

IBA officials to meet RBI governor Shaktikanta Das on January 17

Replacing them is meaningless and there is likely to be a request for easing guidelines on the matter,” he added.

Banking & Finance News

Bad Loans: RBI plays catch-up on NPA forecasts, gets it wrong consistently

The December 2015-March 2016 period coincided with the RBI’s asset quality review (AQR), a system-wide exercise that led to improved recognition of bad loans and a massive spurt in slippages at banks.

Banking & Finance News

Suraksha ARC files expression of interest for Era Infra Engineering

As on December 21, financial creditors had submitted claims worth Rs 14,835 crore to the company’s resolution professional.

Markets News

Road project in UP: SBI-led consortium seeks to replace Era Infra SPV

Looks to open joint stock company Sibmost as concessionaire of four-laning project.

Road sector, highways, National Highways Development Plan, NHDP, contract model fuelled, MEP Infra, HAM road projects News

SBI invites bids from banks for Rs 20,000-cr QIP

In June 2017, SBI had raised Rs 15,000 crore through India’s largest-ever QIP, which took the government’s share in the lender to 57.07%.

SBI Life rating 'buy', Jeferies rating SBI Life, SBI LIfe latest rating News

We are on track to close the financial year with a nominal profit in Q4, says CEO of Central Bank of India

The strategy covers both income and cost side. On the income side, we have to improve the revenue and quality assets. We are focusing more on the better-rated companies.

central bank, central bank of india, pallav mohapatra News

Essar steel exposure: RBI allowed banks reprieve on 100% provisioning in Q2

Lenders may repeat request for December quarter if the account does not get resolved in Q3 or, at least, in early January

Markets News

Meet with RBI: Banks want to keep NPAs out of court

Chiefs of State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, IDBI Bank, Central Bank of India and Dena Bank attended the meeting on December 13.

Banking & Finance News

Bank of America successfully bids for Jayaswal Neco via ACRE

BofA has reached out to the RBI seeking easier norms for takeover of stressed assets by foreign banks

Markets News

PFC may approach foreign banks to fund REC stake buy

Power Finance Corporation (PFC) may have to approach foreign banks to raise part of the Rs 7,000 crore it needs to buy out the central government’s stake in REC as public sector banks (PSBs) may hit the regulatory limits se

rbi, pfc, rec News

SBI switches to farm lending backed by gold

Between September 2017 and September 2018, SBI’s agri-loan portfolio shrunk 0.3% to `1.9 lakh crore

sbi, state bank of india News

Resolution process: Lenders seek bids from interested buyers for RattanIndia’a Amravati plant

The project owes Rs 8,215 crore to its lenders, including term loans of Rs 6,940 crore, working-capital loans worth Rs 815.5 crore and non-fund-based limits to the tune of Rs 459 crore.

Industry News

Insolvency proceedings: PNB to put Jayaswal Neco exposure on sale

PNB has also put on sale 24 other bad-loan accounts worth an aggregate Rs 1,779 crore. Twelve of these are being offered only on a full-cash basis, with the rest is being sold through a mix of cash and security receipts

Industry News

Dena Bank puts on sale exposures to Alok Ind, Bhushan Power

Both accounts, part of the RBI’s first list of large NPAs, have remained unresolved for 18 months

Industry News

Bank of Baroda seeks bankers for sale of Guyana-based subsidiary

PS Jayakumar, managing director and chief executive officer, BoB, has also spoken of tapping into some prominent Asian markets.

Markets News

PNB-led consortium seeks bids for Oliver Engineering

As on September 1, Oliver Engineering’s principal outstanding was Rs 364 crore, while its interest overdue was `147 crore. In all, it owes its lenders Rs 517 crore.

Markets News

NH-205 project: Lenders seek bids to replace Transstroy SPV as operator

Company was also part of the RBI’s second list of NPAs. It also received a suspension notice from the NHAI in October.

Markets News

NPA trouble: Agriculture loan portfolios see rise in NPA levels

The largest private bank by assets, HDFC Bank, too, admitted to facing repayment pressure in agri loans, even as it didn’t disclose the quantum of slippages.

Industry News

SBI and BoI seek bids for NPAs worth Rs 7,000 crore

Seven months after the Supreme Court (SC) ordered the maintenance of status quo on insolvency proceedings against manufacturing firm Jayaswal Neco Industries, State Bank of India (SBI) on Thursday sought bids from asset recon

Banking & Finance News

Central Bank to sell 4% stake in Clearing Corp to raise Rs 120 crore

Central Bank of India on Thursday sought bids for its 4% stake in Clearing Corporation of India (CCIL) to raise at least Rs 120 crore. Bank of Baroda (BoB) is reported to have agreed to sell a similar stake to HDFC Bank for R

Markets News

Non-performing assets: Dena Bank puts NPAs worth Rs 3,324 crore on sale

Dena Bank on Tuesday put on sale 84 non-performing assets (NPAs) worth `3,324 crore, inviting bids on full-cash basis or through a mix of cash and security receipts (SRs).

Non-performing assets, Dena Bank, NPA, Vijaya Bank, Ballarpur Industries  News

Debt concerns rise as 18 PSU banks’ write-offs shoot up 41.5% to Rs 9,116 crore in Q2

Indian Bank saw the steepest climb in write-offs that jumped 672% y-o-y to Rs 1,258 cr.

Banking & Finance News

Industry players say large PSBs blocking ATM interchange hike – Check tier-wise penetration of ATM networks

Interchange is the fee paid for an ATM transaction by the card-issuing bank to the bank owning the ATM, known as the acquirer.

Industry News

PSBs’ Q2 provisions 1.5 times their operating profit

Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-market losses on their bond p

PSB, public sector bank, indradhanush, privatisation, RBI News

Policy on data protection likely to get tighter worldwide: Fortinet

Governments and regulators around the world are likely to persist in pushing for greater access to and control over their citizens’ data amid rising incidence of data breach, said Patrice Perche, senior executive vice presi

data breach, companies data breach, cyber security in india, cyber security in companies News
Switch to Hindi Edition