Yes Bank, director spar: Bank says RBI asked it to review Agarwal’s fit and proper status
In a letter to the Securities and Exchange Board of India (Sebi) and marked to the RBI, ministry of corporate affairs and exchanges, Agarwal has cited compliance failures and pressed multiple charges of mismanagement in capit
IDBI Bank seeks buyers for Videocon arm’s assets to recover Rs 1,060 crore
The e-auction of the properties on sale will be conducted on February 11.
Bad loans worth Rs 1 lakh crore may hit courts soon
Reserve Bank of India (RBI) governor Shaktikanta Das told FE that while it made sense to give banks some time to sign the ICAs, action will be initiated against those not complying with the June 7 circular.
On recover path? Banks put Rs 8,500 crore NPAs up for sale in third quarter
The biggest cache of bad loans was put on the block by Bank of Baroda (BoB) and IDBI Bank, both of whom sought buyers for exposures.
Conditions apt to allow a fiscal slippage, says RBI governor Shaktikanta Das
Reserve Bank of India governor Shaktikanta Das cites escape clause suggested by NK Singh panel on FRBM.
SBI to shift to cash flow-based lending by April 2020
State Bank of India (SBI) will switch to a cash flow-based lending model beginning April 2020 from a mechanism where loans are given against assets, chairman Rajnish Kumar told FE.
Digitisation is a powerful force: Ashu Khullar, CEO, Citi India
Ashu Khullar, CEO of Citi India and Citi Cluster Head for South Asia added that while the corporate tax cuts were very much needed, the demand side of the equation also needs to be solved.
Capital hunt! Yes Bank weighs Citax; no call on Braich yet
Yes Bank’s search for capital has been getting more arduous as its disclosure of names of prospective investors ended up raising more questions than answers.
Payments banks with 5-year experience can now convert to small finance banks
In August, FE had reported that PBs have requested RBI to allow them to lend money to their customers.
Consumer will choose how they want to pay: Rajesh Mehta, MD, trade and treasury solutions, Citi | Interview
If you look at the kind of technologies that we know and love, such as blockchain, cloud, mobility and the internet, they have led to four changes. First, our clients’ businesses are getting disrupted.
PMC Bank administrator to sell 2 aircrafts, 1 yacht
The assets on sale belong to Housing Development Infrastructure (HDIL) Group promoters Rakesh and Sarang Wadhawan, the prime accused in the Rs 4,355-crore scam.
Slow credit growth due to unutilised sanctioned working-capital limits: SBI chairman
Credit growth is slow primarily because sanctioned working-capital limits are lying unutilised.
HDFC Bank sets up committee to find Aditya Puri’s successor
“Mr Puri highlighted that there is substantial depth in the management, at least in three levels,” analysts from investment bank Nomura had written at the time.
Reliance Jio, Airtel, Varde Partners, UV ARC bid for all 3 RCom assets
RCom posted a consolidated loss of Rs 30,147 crore for the September 2019 quarter, providing, like peers Bharti Airtel and Vodafone, for liabilities on statutory dues to the tune of Rs 28,314 crore.
SBI moves HCC account to stressed-assets category
Typically, a corporate account is transferred from the credit department of a bank to its stressed-asset department only after it has been recognised as a bad asset.
SBI all ready for UPI payments for Whatsapp
Earlier this year, the RBI informed the Supreme Court (SC) that it had not given its approval to WhatsApp to launch a payments service because of the platform’s failure to comply with the above norms on data localisation.
Sliding interest rates: Falling CASA ratios may hit private banks’ profitability
The fall in current account (CA) balances in particular may be the fallout of the increasing spread of digital payments acceptance infrastructure and the trend is only likely to pick up pace.
SBI appoints collection agents for DHFL loan pools
Late last month, FE had reported that ICICI Bank had itself taken charge of collections from loan pools acquired from DHFL. Under normal circumstances, pooled loans would sit on the books of banks, while DHFL continued to fun
More trouble for Jet Airways: Lenders order second forensic audit
Lenders are likely to accede to the request at the next meeting of the committee of creditors (CoC)on Tuesday. “At this point, the CoC is giving the extension as a hope against hope. Bankers are anyway in a situation of har
RCom, CoC extends bids submission deadline for company’s spectrum
The committee of creditors (CoC) for Reliance Communications (RCom) on Wednesday extended the deadline for submission of bids for the company's spectrum by 10 days.
Red-flagging exposures: Banks may classify DHFL as fraud account
State Bank of India (SBI), Bank of Baroda (BoB) and Union Bank of India are understood to be among those contemplating the move to red-flag the account.
Bank of Baroda classifies two ADAG-owned NBFCs as NPAs in Q2
Bank of Baroda (BoB) is understood to have classified its exposures to two NBFCs from the ADAG group as non-performing assets (NPAs) during the quarter ended September, persons familiar with the developments told FE.
Bankers remain cautious over lending to corporates
On Wednesday, SBI chairman Rajnish Kumar said if other banks cease to lend to infrastructure projects, it only means a fresh opportunity for SBI.
Even after deadline, zero-MDR regime yet to kick in
MDR is a fee paid by merchants to banks for offering them infrastructure to accept digital payments.
Our loan book will grow 8-9% in FY 20, says Central Bank of India MD
The lender expects large-ticket slippages to be restricted to two-three accounts in the rest of FY20.
WhatsApp Pay to be in India soon, announces Mark Zuckerberg
A full-fledged launch of WhatsApp Pay is expected to drive a fresh surge in UPI usage.
Bank credit to services sector slows to a meagre 7.3% in September
Banks have turned extremely cautious about lending to companies and that is clear from the growth in their wholesale portfolios.
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