Macroprudential Regs affecting APAC Banks more than Basel: Fitch
Newsroom24x7 Network Hong Kong/Singapore: Regulators in most Asia-Pacific (APAC) markets are likely to remain proactive in their use of macroprudential measures, and this could have a greater near-term impact on […]
Allegations against ICICI Bank pose reputational risks
ewsroom24x7 Network Mumbai/Singapore: An investigation into allegations that India’s ICICI Bank (BBB-/Stable/bbb-) extended a loan with a potential conflict of interest raises questions over the bank’s governance and creates reputational […]
Fitch places PNB’s Viability Rating on Rating Watch Negative
Newsroom24x7 Network Singapore: Fitch Ratings has placed Punjab National Bank’s (PNB) Viability Rating of ‘bb’ on Rating Watch Negative (RWN), following the large fraud reported by PNB. Fitch will resolve […]
PNB and Foreign Letters of Credit scam: CBI registers case
Newsroom24x7 Network Mumbai: The Central Bureau of Investigation has registered a case on 15 February 2018 under section 120B read with 420 of IPC and 13(2) read with 13(1)(d) of […]
Rs. 11000 crore scam: PNB stock plummets to record low
Newsroom24x7 Network Mumbai: The Punjab Nationl Bank share price plummeted to a 52 week low to 125.25 on the NSE on Thursday against a high of 231.45 on 26 October […]
Recap helps weak credit profiles of Indian State Banks
Newsroom24x7 Network Mumbai: The Indian government’s USD32 billion recapitalisation programme should help in part to mitigate the risks that Indian state banks face on account of weak asset quality and […]
Banks provide vital information about post-demonetization transactions of 5800 suspicious companies
Newsroom24x7 Network New Delhi: Vital information has been received by the Government of India from 13 banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 […]
Indian banks face USD65 billion capital shortage by FYE19
Newsroom24x7 Network Mumbai/Singapore: Indian banks are likely to require around USD65 billion of additional capital to meet new Basel III capital standards that will be fully implemented by the financial […]
State Support Driving Indian AT1 Market
Newsroom24x7 Network Mumbai/Singapore: This month’s capital injection into IDBI Bank suggests the Indian government remains unwilling to allow state banks to miss coupon payments on Additional Tier 1 (AT1) instruments, […]
CBI arrests zonal head of Bank of Maharashtra
Newsroom24x7 Staff Pune: The Central Bureau of Investigation has arrested a former Zonal Head, Pune City Zone, Bank of Maharashtra, and a director of a private logistics Company, based at […]
State Bank of India comes under attack on minimum balance penalty
Newsroom24x7 Staff I understand that the bank is having financial difficulties but this is not how they are going to make up the deficit. Bhopal: K.K. Sethi, a retired bureaucrat, […]
Fitch: Indian Loan Waivers are a Risk to Fiscal Consolidation
Newsroom24x7 Network Mumbai/Hong Kong/Singapore: The farm loan-waiver schemes being discussed and rolled out across an increasing number of Indian states could have a significant impact on state government finances, and […]
SBI announces financing of rooftop solar projects worth Rs. 400 crore with private developers
Newsroom24x7 Network New Delhi: The State Bank of India (SBI) today announced financing of rooftop solar projects worth Rs. 400 crore, with private developers. This would add at least 100 […]
