Page 2 - Prompt Corrective Action

IDBI Bank likely to take call on additional tier-1 bonds post-PCA exit

The lender is in a better shape and the current capital base is adequate and could support growth in the next financial year

How RBI plans to revive PMC Bank through a three-pronged strategy

In a first, DICGC to be roped in to fund revival; RBI to open credit line to tide over liquidity issues; minimum capital from promoter to meet 9% capital adequacy ratio; 3 investors submit final offer

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Loan book audit at IDBI Bank to identify stress areas ahead of stake sale

Audit report may form the basis of valuations in impending disinvestment by the government

Best of BS Opinion: India's IAS officers, companies owning banks and more

Business Standard brings you Opinion pieces of the day

Which bank next on the RBI radar?

If shareholders can throw the chairman and MD out, where is the sanctity of the RBI approval for such appointments?

Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'

Based on an exchange's surveillance report, the regulator is examining trading in the scrip between 2018 and 2019

Rating agencies upbeat on cash-starved Lakshmi Vilas Bank merger with DBS

This deal is positive for India's banking sector and will bring much-needed relief to LVB, which has been struggling for many years, S&P said in a statement

Expecting FY21 GDP contraction to be less than 9.5%: PNB MD & CEO

Says the country is seeing rural economy coming back, is confident urban and metro economy will also grow

Lakshmi Vilas Bank shortlists 3 names for MD, CEO post; to send list to RBI

The lender's chief executive S Sundar and six other directors were voted out by shareholders earlier this week

Clix may seek indemnity from Lakshmi Vilas Bank's dues ahead of deal

It is estimated that about Rs 700 - 900 crore of likely liability may hit the bank

IDBI Bank reports PBT of Rs 289.66 cr for Q4FY20 over healthy rise in NII

The bank's net interest income (NII) rose by 46 per cent to Rs 2,356 crore in Q4FY20 from Rs 1,609 crore Q4FY19

We are hoping to recover by end of 2021: Lakshmi Vilas Bank MD & CEO

In an interaction with T E Narasimhan, S Sundar, Lakshmi Vilas Bank MD and CEO, discusses bank's future plans

RBI revises PCA regime for urban co-operative banks facing financial stress

Regulator may place restriction on declaration or payment of dividend/donation without prior approval of RBI

Beleaguered LVB suffers yet another top-level exit as CFO puts in papers

S Sundar follows at least three other senior executives, including former CEO Parthasarathi Mukherjee, who quit in August

Part Panglossian, part floccinaucinihilipication: Governor Das marches on

Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.

RBI plans PCA framework, different supervisory system for NBFCs by 2022

The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

Indiabulls Housing Finance shares fall 34% on concerns over LVB merger

The RBI placing Lakshmi Vilas Bank under PCA framework amidst the proposed merger, and litigation against the housing financier are perceived negatively by investors

Allahabad Bank reports Q1 net profit of Rs 128 cr on good credit growth

The gross NPA of the bank, as a percentage of its total lending, stood at 17.43 per cent in the last quarter

Beyond PCA

Public sector banks need a new governance structure