Monday 21st October 2019,
Radio Metta

banks

Edelweiss to strengthen retail credit business through co-lending pact with 4 PSU banks

Edelweiss to strengthen retail credit business through co-lending pact with 4 PSU banks

Edelweiss Financial Services looks to strengthen business in retail credit segment through co-lending pacts with State Bank of India, Bank of Baroda, Central Bank of India and Punjab National Bank. Edelweiss said the LP-GP (Limited Partners-General Partners) model, where NBFCs partner with capital providers like banks, global and domestic institutional investors will help the sector [...]

October 9, 2019 Loknath Das Business Comments Off on Edelweiss to strengthen retail credit business through co-lending pact with 4 PSU banks

Realtors’ rising cash-crunch poses more risks to banks

Realtors’ rising cash-crunch poses more risks to banks

Default by real estate-focused non-banking financier Altico Capital indicates the rising cash crunch with the developers, which is credit negative for banks given their exposure to the realty sector, warns a report. Poor liquidity had last week forced Altico Capital to default on an under-Rs 20-crore scheduled interest payment on an ECB loan from Masherq Bank of the UAE. [...]

September 20, 2019 Loknath Das Real Estate Comments Off on Realtors’ rising cash-crunch poses more risks to banks

Govt plans to reduce number of PSU banks to 10-15

Govt plans to reduce number of PSU banks to 10-15

India is looking to reduce the number of state-run banks to 10 to 15, more than what was envisaged earlier, through a series of mergers and acquisitions so that none of the banks become too big to fail, said Sanjeev Sanyal, principal economic adviser at the finance ministry. “Consolidation will not be taken too far [...]

August 21, 2017 Loknath Das Business Comments Off on Govt plans to reduce number of PSU banks to 10-15

Toshiba shares fall over possible lawsuit by several Japanese banks

Toshiba shares fall over possible lawsuit by several Japanese banks

Toshiba shares fell by 5.85% on Monday, following reports of a possible lawsuit by several Japanese banks, rumours of the impending resignation of its chairman and a withdrawal from its nuclear power plant business in the US.   In the mid-session break at the Tokyo Stock Exchange, the tech giant’s share price fell 4.16% and [...]

January 30, 2017 Saheli Business Comments Off on Toshiba shares fall over possible lawsuit by several Japanese banks

Deutsche Bank’s CEO says technology will be key to banking in the next five years

Deutsche Bank’s CEO says technology will be key to banking in the next five years

The CEO of the largest German lender has underlined the dramatic shifts that the banking industry faces over the next five years with technology due to play a “key” role in this period of change. “We are placing our bets on technology,” John Cryan, the chief executive officer of Deutsche Bank, said Tuesday at a [...]

January 17, 2017 Saheli Technology Comments Off on Deutsche Bank’s CEO says technology will be key to banking in the next five years

Court quashes bank’s order on education loan application

Court quashes bank’s order on education loan application

Quashing an order of a nationalised bank refusing to grant education loan to a student who intended to pursue his doctoral research abroad, the Madras High Court has observed that loan-seekers must be given a chance to rectify defects in their applications. “Even if the document is defective, the authority concerned should have given an [...]

December 12, 2016 Saheli Education Comments Off on Court quashes bank’s order on education loan application

Banks to exchange notes only for own customers today

Banks to exchange notes only for own customers today

Indian Banks’ Association (IBA) on Friday said banks on Saturday will not exchange old Rs 500 and Rs 1,000 notes with the new ones to perform other banking related duties, which have been on hold since November 8.   Senior citizens would be exempted from this restriction. However, a customer can still withdraw and deposit [...]

November 19, 2016 Saheli Uncategorized Comments Off on Banks to exchange notes only for own customers today

Banks say note exchange facility being misused

Banks say note exchange facility being misused

NEW DELHI: Confusion over the facility for exchanging old high-denomination notes, subject to a limit of Rs 4,000, at banks and post offices by providing valid identity cards has led to some people misusing the system to legalise their unaccounted wealth. At present, the exchange facility is a one-time window and the limit will be [...]

November 12, 2016 Saheli Business Comments Off on Banks say note exchange facility being misused

Banks continue to make commercial real estate loans tougher to get: Fed survey

Banks continue to make commercial real estate loans tougher to get: Fed survey

Banks continued to tighten lending standards to commercial real estate loans in the third quarter, according to a Federal Reserve survey released Monday. The Fed survey of senior loan officers of 69 domestic banks and 21 foreign banks found standards were tightened on all types of commercial real estate loans. A large fraction of banks [...]

November 7, 2016 Saheli Real Estate Comments Off on Banks continue to make commercial real estate loans tougher to get: Fed survey

Banks tightened lending standards for commercial real estate in third quarter: Fed survey

Banks tightened lending standards for commercial real estate in third quarter: Fed survey

Banks tightened standards on commercial real estate loans during the third quarter but left lending practices for commercial and industrial loans virtually unchanged overall, according to a survey of loan officers released on Monday by the Federal Reserve. For households, some banks reported easing lending standards on mortgages eligible for purchase by government-sponsored enterprises and [...]

November 7, 2016 Saheli Real Estate Comments Off on Banks tightened lending standards for commercial real estate in third quarter: Fed survey

Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

Enthused by speedy recovery of loans worth $2.5 billion by three lenders, including ICICI Bank, within days of a mega $13-billion Essar deal, banks are now looking at the resolution of stressed assets totalling about 1.50 lakh crore in the coming months. Having broadly completed the first two stages of ‘recognising’ the stressed assets and [...]

October 24, 2016 Saheli Business Comments Off on Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

STOCKS RISE IN AFTERNOON TRADING, LED BY ENERGY AND BANKS

STOCKS RISE IN AFTERNOON TRADING, LED BY ENERGY AND BANKS

Energy companies and banks are leading stocks higher in afternoon trading on Wall Street. A jump in the price of crude oil sent oil and gas companies higher, while banks benefited from rising bond yields, which will help them make more money from lending by allowing them to raise interest rates. Phone and real estate [...]

October 5, 2016 Saheli Business Comments Off on STOCKS RISE IN AFTERNOON TRADING, LED BY ENERGY AND BANKS