BUSINESS
Cash crunch fears, risky exposures to debt market hurt financial stocks
Ripple effects of the DHFL-panic were also felt on other companies including non-banking financial company (NBFC) and mortgage lender Indiabulls Housing Finance.
BUSINESS
Yes Bank's hunt for Rana Kapoor's successor could run into legal, boardroom battles
Analyst Hemindra Hazari believes that the ageing composition of Yes Bank’s board of directors and the absence of whole-time directors apart from Kapoor exposes the bank to leadership risk
BUSINESS
RBI cuts short Rana Kapoor's term as Yes Bank CEO and MD to January 2019
Kapoor has been the bank's CEO since 2004 and his last term ended on August 31.
BUSINESS
Bank of Baroda, Vijaya Bank, Dena Bank merger: NPAs, integration, union protests to pose challenges
Post-merger, the non-performing assets (NPAs) will be a problem for all the three banks with cumulative gross NPAs around Rs 80,000 crore. This will also require an increased focus on the clean-up process.
BUSINESS
Banks step up asset sale to ARCs as insolvency process gets delayed
The sale process also comes after the Supreme Court, last week, asked banks to not proceed with the insolvency process for assets in the power, shipping, textile and sugar sectors
BUSINESS
Will the Narendra Modi-led govt bring Mallya back to India before 2019 Lok Sabha elections?
The 62-year-old liquor baron’s claims of meeting Finance Minister Arun Jaitley before he left India two years ago has stirred a hornet’s nest
BUSINESS
Exclusive | HDFC refuses to give loans to cash-starved IL&FS
“Their (IL&FS’s) biggest problem is they got the arbitration that they are not getting the order from NHAI and hence they have a liquidity issue,” sources said.
BUSINESS
Debt and defaults: What happened to IL&FS?
The first signs of trouble emerged in June when IL&FS defaulted on inter-corporate deposits and commercial papers (borrowings) worth about Rs 450 crore
BUSINESS
ICICI Bank board faces tough questions from shareholders, Chanda Kochhar skips AGM
Some shareholders in attendance from different cities were also disheartened given the lower-than-expected dividend declared by the bank at Rs 1.5 per share, an analyst said
BUSINESS
Critical to resolve stressed power assets before November: Bankers
Experts feel that any delay in bringing a solution to the stressed assets will only deteriorate its value further
BUSINESS
Essar Steel lenders eye maximum loan recovery, pin hopes on favourable SC order
Bankers are hoping the final process of Essar Steel is completed before October 11, after which the asset is likely to go for liquidation going by the 270-day deadline
BUSINESS
Domestic investor participation key to attract foreign buyers for stressed assets: PNB Chairman
Nearly 2 months after Mehta-led committee proposed project Sashakt, the operating guidelines of the inter-creditor agreement to get all banks on board under the project have been finalised
BUSINESS
From posting parcels to delivery of banking services, will India Post succeed?
India’s 164-year-old government-owned postal service, which has fallen into its traditional public sector mould, attempts to resurrect into a common man’s tech-savvy doorstep banker
BUSINESS
Payments firms seek extension of RBI's October deadline for data localisation
RBI is taking stock of the progress on a fortnightly basis. But it is yet to issue any extension or clarification on the same
BUSINESS
Is it too late for Shivinder Singh to absolve himself from the group’s troubles?
Shivinder Singh, the younger sibling, broke his silence on Tuesday accusing his brother Malvinder and family friend Sunil Godhwani for systemically undermining the interests of the group companies and their shareholders
BUSINESS
Public sector banks look to pare stake in insurance ventures to unlock capital, focus on core business
Capital and good quality loans are the need of the hour for banks, and insurance being a non-core business provides good monetisation opportunity.
BUSINESS
Sunil Hitech to go into bankruptcy motion - for excess use of Amex credit cards
Sunil Hitech has been unable to settle its corporate credit card dues of about Rs 45 crore.
BUSINESS
Next year to be key as 'wise owl' Urjit Patel completes two years as RBI governor
Patel took over the saddle from his high-profile and “rockstar” predecessor Raghuram Rajan on September 4, 2016
BUSINESS
RBI introduces Internal Ombudsman Scheme for stronger redressal of banks' customer complaints
The central bank has directed banks with over 10 banking outlets to appoint internal ombudsman, which will be monitored by the bank’s internal audit mechanism apart from regulatory oversight by RBI.
BUSINESS
This week in banking: Cash remains the king post demonetisation, says RBI
As the RBI report points out, household financial savings are the most important source of funds for investment in the economy
BUSINESS
RBI leaves the sword dangling over Yes Bank CEO Rana Kapoor’s tenure
The way RBI has worded the communication suggests that the full three-year term as proposed by the bank's board and shareholders is yet undecided
BUSINESS
Missing bosses of large Indian banks may delay efficient functioning
When several banks are headless, the Reserve Bank of India (RBI) and the government are going slow on appointments and approvals of the CEO and Managing Director positions
BUSINESS
Bad loans may rise in 2018-19 from current levels: RBI annual report
Credit growth was largely driven by private sector banks, which were resilient in the face of these tectonic shifts like demonetisation, RBI says in the report
BUSINESS
Banks fear more losses as stressed power assets are set to hit bankruptcy courts in 15 days
Allahabad HC judgment is also likely to impact further investments in power sector, which witnessed a significant capacity expansion during the past 6-7 years
