News Muncher - category banks large

18 ECIRs Registered Against Co-Operative Societies/Banks, Large Scale Money Laundering Being Carried Out: ED Tells Kerala High Court

Live Law

The Deputy Director of Enforcement Directorate, Kochi Zonal Office submitted before the Kerala High Court that they have registered Eighteen Enforcement Case Information Reports against Co-operative Societies and Banks in Kerala. The writ appeal was filed by depositors who made fixed deposits to Co-operative Societies and Banks, alleging claiming that they were unable to withdraw their Fixed Deposits upon maturity …

Kerala Court Writ Societies Banks Large Scale Money

2 months ago

France’s First Bond Sale Via Banks Since May Gets Snapped Up

Live Mint

-- France’s first syndicated bond sale in about eight months met a flood of investor demand as the new government attempts to muster enough support to pass a much-needed budget. The country’s last syndicated offering — an inflation-linked bond — was in May, less than a month before French President Emmanuel Macron called early legislative elections and plunged the country …

France

1 year, 10 months ago

Rabobank raises savings account interest rate above 1 percent; First major Dutch bank

NL Times

Rabobank will increase the interest rates on savings accounts from 0.75 percent to 1 percent on June 1. But since the European Central Bank started hiking interest rates to try and temper the high inflation caused by the Russian war in Ukraine, the Dutch banks have raised savings interest rates several times. Earlier this month, Minister Sigrid Kaag of Finance …

Dutch Savings Bank Interest Rate Rates Banks

3 years, 9 months ago

RBI's new norms to help enhance audit quality, transparency, add value: Experts

India TV News

The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as transparency, apart from adding to the value to the businesses rather than wasting resources, according to various auditing experts amid concerns expressed by businesses over the new regulations. A senior auditor from a large domestic firm said the new norms will improve audit …

Quality Statutory Chopra Pti Jain Rbi Firms

4 years, 4 months ago

Odisha government bans Chhath Puja, mass bathing at river banks amid coronavirus crisis

India Today

The Odisha government has imposed restrictions on Chhath Puja celebrations, including large congregation of people and mass bathing at river banks and ghats, on November 20-21 due to the ongoing coronavirus pandemic. “In exercise of the powers conferred under Section 24 of the Disaster Management Act, 2005, read with rule 8 of the Odisha Disaster Management Rules, 2010, the undersigned …

Odisha Odisha Government Chhath Corona Chhath Puja River Banks Mass Bathing

5 years, 4 months ago

RBI push to de-risk banking sector chokes flow of funds to large PSUs

Live Mint

Mumbai: A Reserve Bank of India regulation meant to reduce concentration risk for banks is gradually choking the flow of funds to some large public sector enterprises, especially the oil marketing companies that have substantial debt requirements to meet capital expansion commitments, said two people aware of the development. Lenders have sought an exemption from the central bank to relax …

Capital Funds Rbi Banks Large Hpcl

5 years, 4 months ago

Beyond Essar Steel case awaits a minefield of bad loans for lenders

Live Mint

The closure of the Essar Steel insolvency case, one of the first set of 12 large defaulting accounts referred under a nascent code, is a victory for banks. “While the SC does ask the COC to consider operational creditors as well, we believe recovery for banks in the Essar Steel case will be closer to 90% versus 60% —within our …

Steel Banks Sbi Essar Essar Steel

6 years, 9 months ago

Corporate India is equally to blame for the banking crisis

Live Mint

Even as frauds and murky dealings continue to tumble out of the closets of the biggest names in Indian banking, there is danger in assuming that the problem is restricted to that industry. India’s banking crisis isn’t just about the likes of Punjab National Bank, Bank of Maharashtra or ICICI Bank Ltd. India’s corporate sector, including some of its largest …

India Corporate Indian Bank Companies Loan Banks

6 years, 10 months ago

Elizabeth Banks splashes out $6.85 million on a lavish five-bedroom property

Daily Mail

Hollywood star Elizabeth Banks has spent $6.85 million on a lavish new property in the San Fernando Valley, a companion to her comparatively modest home in Los Angeles neighbourhood Studio City. Very nice: Hollywood star Elizabeth Banks has spent $6.85 million on a lavish new property in the San Fernando Valley, a companion to her comparatively modest home in Los …

Property French Los Angeles Banks My Husband Elizabeth San Fernando Valley

7 years, 9 months ago

NPA resolution: Banks may have to take 60% haircut on 12 large bad loan accounts, says Crisil

Firstpost

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016, which provides for these companies to be referred for liquidation. That would mean banks will have to increase provisioning by another 25 percent this fiscal, compared with nine percent in the last fiscal,” Crisil senior director Krishnan Sitaraman said. …

Resolution Bank Steel Crore Nclt Crisil Rbi

7 years, 9 months ago

Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be booked

Firstpost

Bankers met to discuss accounts such as Amtek Auto, Bhushan Steel and Essar Steel, among others Lenders on Monday began meeting to initiate proceedings against 12 stressed accounts identified by the Reserve Bank to be referred under the Insolvency and Bankruptcy Code, sources said. The accounts identified by the RBI include Amtek Auto, Bhushan Steel, Essar Steel Bhusan Power and …

Steel Crore Rbi Banks Meeting Accounts Npa

8 years, 6 months ago

The SBI merger: is bigger always better?

Live Mint

The anticipated merger of the State Bank of India with its five associate banks and Bharatiya Mahila Bank finally got off the ground with the government sending a letter to all seven banks on 20 June. According to SBI’s annual report for 2015-16, only five shareholders owned more than 1% in the bank on 31 March 2016: the President of …

India Bank State Rbi Banks Merger Large

9 years, 7 months ago

Looking for viable payments banks

Live Mint

By giving in-principle approval to 11 payments bank applicants, the Reserve Bank of India has taken an assertive step towards enabling financial inclusion. When this large untapped base is considered alongside average per capita household expenditure of $750, the opportunity available to PBs begins to assume sizeable monetary value, even if adjusted for unbanked/under-banked households. Digital technology, coupled with a …

India Bank Base Pbs Large Customers Need Potential Customer

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Articles for Banks Large

18 ECIRs Registered Against Co-Operative Societies/Banks, Large Scale Money Laundering Being Carried Out: ED Tells Kerala High Court

France’s First Bond Sale Via Banks Since May Gets Snapped Up

Rabobank raises savings account interest rate above 1 percent; First major Dutch bank

RBI's new norms to help enhance audit quality, transparency, add value: Experts

Odisha government bans Chhath Puja, mass bathing at river banks amid coronavirus crisis

RBI push to de-risk banking sector chokes flow of funds to large PSUs

Beyond Essar Steel case awaits a minefield of bad loans for lenders

Corporate India is equally to blame for the banking crisis

Elizabeth Banks splashes out $6.85 million on a lavish five-bedroom property

NPA resolution: Banks may have to take 60% haircut on 12 large bad loan accounts, says Crisil

Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be booked

The SBI merger: is bigger always better?

Looking for viable payments banks