Banks general
Jet Air lenders propose halving Goyal’s stake in $900m turnaround plan
09 Jan 2019
SBI has appointed Ernst and Young to conduct a forensic audit into Jet Airways' books from 1 April 2014, to 31 March 2018 and lenders will not release cash until they have the report on Jet Airways' business viability
Bandhan Bank to acquire Gruh Finance in an all-stock deal
07 Jan 2019
The merger, which would create a combined entity with market value totaling over Rs88,000 crore, would also result in Bandhan founder Chandra Shekhar Ghosh bringing down his promoter stake to just above 60 per cent
Lenders ask Jet Air to submit revival plan by month-end
07 Jan 2019
Lenders are wary of taking Jet Airways to the National Company Law Tribunal for insolvency proceedings since they are not sure of the value of its assets, but expects partner Etihad Airways to buy more stake in the company
Cabinet nod for merger of Vijaya Bank and Dena Bank into Bank of Baroda
02 Jan 2019
The merger will combine the advantages of Dena Bank's relatively higher access to low-cost CASA deposits, Vijaya Bank's profitability and availability of capital for growth, and the extensive and global network and offerings of BoB
Jet Airways defaults on loan repayment to banks
02 Jan 2019
Modi may also hit the election trail with farm loan waiver scheme
31 Dec 2018
PM Narendra Modi is reported to be weighing 3 options - a direct payment to all landowning farmers, compensation for those who sold produce below government prices, and a general loan-waiver – involving a Rs3,00,000-crore outgo, to help farmers hit by low crop prices
RBI rules out dilution of bank capital norms
31 Dec 2018
While recent data for the first half of fiscal 2018-19 indicated a stabilisation in non-performing assets (NPAs), this is at an elevated level and capital positions stands buffered and the provision coverage ratio has improved, RBI noted
Finance ministry proposes Rs83,000-cr PSB recapitalisation
21 Dec 2018
Interestingly, the Rs1,06,000 crore funds needed to recapitalise these NPA- and scams-hit banks will have to come from RBI itself, which the finance ministry hopes to come in the form of an interim dividend
Now government wants interim dividend from RBI
20 Dec 2018
According to earlier reports, the government is seeking 3,60,000 crore out of RBI’s over 9,00,000 crore reserves, which include gold, foreign currencies, SDR, sovereign bonds etc
PSBs seek roll-back of Rajan-Urjit regulations
14 Dec 2018
Public sector banks are in a strange situation with 11 of the 21 PSBs under prompt corrective action (PCA) and face restrictions on their lending activity, which in turn make their turnaround more difficult
Govt mulls Rs4,00,000-cr loan waivers to win back rural votes
12 Dec 2018
With elections round the corner, the Narendra Modi-led NDA government has no other option than fall back on the easy option of writing off farmers’ loans
London court orders extradition of Vijay Mallya
10 Dec 2018
The matter of extradition of Vijay Mallya to India has been referred to the Secretary of State and any decision on repatriation will have to be approved by the UK government
RBI to trim banks’ liquidity reserve ratio to 18% in 6 quarters
06 Dec 2018
Since the reduction in SLR from 19.5 per cent to 18 per cent will limit banks’ need for government securities, finance ministry officials say the measure that will help release over Rs1,00,000 crore of liquidity into the system will have some implications for the government securities
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