Page 29 - Banks

Banks fund agricultural technology companies for rural lending

YES Bank said it was partnering several fintechs to offer differentiated banking services in rural pockets of the country

SBI raises lending rates by 10 bps, followed by PNB, ICICI Bank, HDFC

SBI's one-year MCLR, which most loans are based on, is now 8.25%

How $30 bn hit looms for banks if new accounting rule kicks in on April 1

If advances grow more than 7 per cent or 8 per cent, banks may need $14 billion toward additional provisioning even after the recapitalization IndAS estimates

No proposal of PSB merger under consideration: Govt

To facilitate consolidation in the public sector banking space, the Cabinet in August gave in-principle approval for PSBs to amalgamate through an Alternative Mechanism

Record share sales bring Indian banks little cheer in the way of fees

For banks which arrange the sales, fees earned as a percentage of funds raised hit the lowest in four years

Banks rally as Moody's upgrades India's rating

State Bank of India (SBI), Punjab National Bank, Bank of Baroda, ICICI Bank, Canara Bank, Axis Bank, Allahabad Bank, IDBI Bank, Bank of India and Syndicate Bank were up 2% to 4% on the NSE

64% of Indians used banks, more than in Bangladesh, Nigeria, Pakistan

As many as 68% said they had access to a mobile phone while only 26% said they had ever received or sent a text message

France steps up efforts to lure London banks to Paris

There's fierce competition between Paris, Frankfurt, other European cities to woo London-based banks

Italian banks sink on early election worries

European share prices were lower overall, but Italian banks fell

Trouble ahead for banks

Higher provisioning to dent profit, return ratios of most in Q4 and beyond

At 5%, FY17 bank credit growth slowest in 60 years

In the year to March 2016, banks reported a credit growth of 10.69 per cent at Rs 75.30 trillion

Banks, technology firms battle over your data

Banks like J P Morgan Chase and Wells Fargo say they want to give consumers access to their data

RBI puts 4 public sector banks under watch on asset quality concerns

UCO Bank also figures in the list and the name of fourth lender could not be immediately ascertained

Finance Ministry calls banks to discuss new facility to drain cash

The Finance Ministry wants to discuss implementing new framework called 'standing deposit facility'

Deadline for bank book clean up remains March 2017: Mundra

Banks were told to identify stressed assets and make prudential provisions for them, said Mundra

Banks want RBI to relax debt recast guidelines

Restructuring in limbo as promoters refuse to provide personal guarantees

Exit non-core businesses: Finance ministry advises state-owned banks

This is part of capital raising exercise for banks

With liquidity worry, banks return to CD market

Traditionally by the financial year-end, banks do issue a huge amount of CDs

Banks push debt-heavy firms to sell assets by March

Focus is on recovering part of the money from large borrowers before the close of the financial year

Banks raise Rs 25,000 crore via AT-1 bonds in Apr-Dec 2016

ICRA said the capital requirement for PSBs in 2016-17 is pegged at Rs 45,000-50,000 crore