Page 25 - Indian Banks

Banks working to speed up ICA process for resolution of stressed loans: IBA

Indian Banks' Association chief executive Sunil Mehta said a draft on the same has been already given to banks for their suggestions

FinCEN files: Major Indian banks figure in suspicious transactions list

Banks say they themselves red-flagged the transactions to RBI, authorities

State Bank of India raises Rs 7,000 cr via Basel III compliant bonds

The bonds qualify as tier II capital of the bank, and has face value of Rs 10 lakh each, bearing coupon rate of 6.24 per cent per annum payable annually for a tenor of 10 years, it said

Bank stks dip as FinCEN leak names Indian banks for suspicious transactions

The FinCEN files so far have established sender-receiver connections for 406 transactions involving all major banks, including the country's largest, State Bank of India

Banks not asked by RBI to raise capital to brace for possible NPAs: Thakur

RBI Governor at an event in July had advised that banks need to raise capital on anticipatory basis to build up adequate capital buffers to mitigate risks arising out of coronavirus outbreak

Debt restructuring scheme may soften blow of Covid-19 on books of PSBs

Except for a few, most PSBs face major challenges in raising capital from the market, given the low premium

NBFCs need access to credit history like banks, says Gunit Chadha

NBFCs don't have an equivalent body to represent their well-filtered voice with the regulators and government, says APAC Financial Services founder

SBI Card to enrol 'delinquent' customers in restructuring plans: MD

SBI Card is in the process of enrolling "delinquent" customers, who did not repay after the end of moratorium, in the RBI restructuring scheme or its own repayment plan to provide them more time for repayments, a top company official said. Due to the moratorium, a number of customers had not been paying for the first three months and the company treated them as standard accounts in line with the entire industry. However, since then, as the first moratorium ended, SBI Card made it a customer-led enrolment in the second moratorium in which a lot of customers did not enrol, SBI Card Managing Director & CEO Ashwini Kumar Tewari said. "Therefore, we had a large chunk of customers who came out of the moratorium. A lot of them paid up but many of them did not pay also. And these became what we call as more delinquent customers. "So with these delinquent customers, we are now working to enrol them either into the RBI restructuring scheme or our own repayment plans so that they get more ...

UCO Bank yet to undertake asset quality study, cites SC order for delay

UCO Bank MD and CEO A K Goel had earlier said the lender would like to ascertain its asset quality, once the moratorium period ceases on August 31

SC decision on Anil Ambani guarantee to decide fate of other promoters

Banks plan to invoke personal guarantees in 40 cases

Banks going to be catalysts of revival, says FM Nirmala Sitharaman

"At this stage, the catalysts for economic revival, the catalysts who have the pulse of every one of their customers, are banks," the finance minister said

RBI's loan restructuring scheme: Here's how it benefits you

The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both

Loan recast: Things should be back on track in 2 years, says K V Kamath

In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator

Increased risks for banks

Changes in priority sector lending should be revisited

Life after moratorium, for banks and borrowers

There are enough filters in the Covid-19 loan restructuring scheme to prevent misuse, but is it a tool to delay the growth in banks' bad loans? We will know after two years

Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15

RBI revises LFAR norms for banks to improve audit efficacy, risk management

The revised LFAR format will be put into operation for the period covering 2020-21 and onwards, the central bank said

Kamath panel to submit recommendations on debt restructuring today

The panel was formed to advise the RBI on the debt restructuring of corporate borrowers facing stress due to the pandemic.

IndusInd Bank raises Rs 3,288 cr via preferential issuance of shares

Route One Fund I, LP has received 71,59,788 shares (Rs 375 crore) and Tata Investment Corporation Ltd has been allotted 57,25,190 equity shares (for Rs 300 crore) of the bank

FM tells banks to frame loan recast scheme for all viable units by Sept 15

Lenders told to put in place FAQs on recast on their websites in multiple languages