capital

Allahabad Bank looking at raising capital next fiscal

The bank would be weighing the options of dilution of stake in the general insurance joint venture Universal Sompo and sell off non-core assets like properties in places like Mumbai, MD and CEO of Allahabad Bank S S Mallikarjuna Rao told reporters here on Friday.

Essay| A deep dive into the history of RBI’s reserves

It is interesting to note that RBI’s capital has remained unchanged, but its reserves have changed significantly over the years

A strong balance sheet essential for independence, credibility of RBI: Fitch

The RBI board last month decided to set an expert committee to decide the economic capital framework of the RBI to determine the appropriate amount of reserves which the central bank can hold

Outlook on Indian banks to remain negative on weak capital strengths, high NPAs: Fitch Ratings

The financials of large private sector banks weakened further in FY18, but are better than those of their state-owned peers, 11 of which are under the central bank's prompt corrective action (PCA) framework.

HDFC Bank board approves fund raising of up to Rs 15,500 crore via QIP, ADR

This will be one of the biggest QIP since the one done by SBI to raise Rs 15,000 crore in June 2017.

Capital infusion in 5 PSBs to be credit positive, help meet regulatory requirements: Moody's

Of the Rs 11,337 crore capital infusion plan, Rs 1,790 crore is for Allahabad Bank, Rs 2,019 crore for Andhra Bank, Rs 2,555 crore for Corporation Bank, Rs 2,157 crore for Indian Overseas Bank and Rs 2,816 crore for Punjab National Bank

Now, Air India looks for Rs 1,500 crore short term loans

This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for the stake sale.

Fitch lowers banks’ capital needs estimate to Rs 4 L Cr by FY19 on weak loan growth

Capital need estimates have fallen from the previous estimate of USD 90 billion as a result of asset rationalisation and weaker-than-expected loan growth.

Axis Bank to issue debentures to raise Rs 5,000 crore

Axis Bank, country’s third largest private bank, on Monday said it will raise Rs 5,000 crore by issuing non-convertible debt securities.

LIC stake in SBI rises to 10.4%; pays Rs 5,700 cr to pick up 38% in QIP issue

LIC picked up 38 percent shares in this year’s largest equity issuance by State Bank of India on Thursday and the former's stake has increased in the government-owned bank from 8.64 percent to 10.4 percent.

Central Bank of India sold Rs 23,000 crore loans in FY17 to meet RBI capital norms

Public sector banks step up efforts to sell non-core assets

Non-core assets are investments made by banks that are not related to core areas of lending and borrowing, and includes strategic investments in other firms, real estate, holdings in subsidiaries and joint ventures.

Kotak Mahindra Bank board approves QIP at Rs 913.24 per share

The bank plans to issue 6.2 crore shares for Rs 913.24 per share on the issue day as May 11.

Union Bank open to mergers as consolidation in banking sector gathers pace

Hindalco raises Rs 3,350 cr via issue of shares to QIBs

The company had set the floor price at Rs 184.45 per share for raising funds through qualified institutional placement (QIP) issue which opened on March 2.

Some Indian banks risk skipping coupon payments: Fitch Ratings

Mid-sized banks are the most at risk of breaching capital triggers, the agency said. A Fitch analysis showed total capital adequacy ratio of 12 banks was at or below the minimum 11.5 percent required by the year to March 2019 to enable coupon payments on both legacy and Basel III additional tier 1 (AT1) capital instruments.

Exit non-core businesses: Finance Ministry to banks

They have been asked to move forward on the idea based on deliberations at the Gyan Sangam last year, sources said.

Recapitalisation for PSU banks to be performance linked: Das

Asserting that adequate capital will be made available for state-owned banks, Economic Affairs Secretary Shaktikanta Das today said every amount of tax payers' money given would be linked to their performance.

Banks' profit to improve in FY18, capital infusion necessity

In a report titled 'Progress Will be Slow for India's Banks in 2017', S&P said banks have been able to meet minimum regulatory requirements largely because of the government's capital infusions, their issuance of Additional Tier 1 capital, and lower growth in risk-weighted assets.

Abolish capital, revenue expenditure distinction: FRBM Head

The distinction between the government‘s capital and revenue expenditure should be abolished, Fiscal Responsibility and Budget Management (FRBM) review committee head and former revenue secretary NK Singh said.

Small banks may not find much comfort in FM's capital bonanza

Finance Minister Arun Jaitley announced an allocation of Rs 10,000 crore for ailing state banks in his Budget speech yesterday. While nimble, bigger lenders will have no complaints, smaller public sectors may not feel the same way.

S&P says Rs 10K-cr very little for banks recapitalisation

Global rating agency S&P today said the Budget announcement to infuse Rs 10,000 crore into public sector banks is highly insufficient and the lack of capital may delay the clean-up of their balance sheets.

Budget 2017: Finance Ministry may review long term capital gains tax regime

The review may lead to redefining “long term” for gains capital gains in stocks to be defined as such, even as tax rates are left unchanged. The holding period is likely to be increased.

SBI eyes up to $1.5 billion capital raising in next fiscal

India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to USD1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks.

NSE nudges SMEs to go in for listing

Encouraging small and medium enterprises (SMEs) to list on its platform, NSE has said listing will help such companies raise capital for their growth and provide visibility.