Banks in India to see capital decline over 2 years without fresh infusion: Moody's
"In the Asia Pacific region, banks' rising nonperforming loans and insurers' volatile investment portfolios are in focus. Capital will moderately fall in emerging Asia over the next two years, and banks in India and Sri Lanka will post larger capital declines without public or private injections," Moody's said.
RBI's Lakshmi Vilas Bank bailout plan: Singapore's DBS to infuse Rs 2,500 crore
As part of the bailout, depositors and bond holders in genera...
Government okays Rs 5,500 crore equity infusion into Punjab & Sind Bank
The capital infusion, the lender said, is towards the contribution of...
DBS Bank India gets Rs 2,500 cr capital support from parent for LVB merger
DBIL said it is well-capitalised, and its capital adequacy ratios (CAR) remains above regulatory requirements after the amalgamation.
RBI proposes merger with DBS Bank as possible solution to Lakshmi Vilas Bank's capital woes
DBS would invest Rs 2,500 crore in the equity of the bank that would help the merged entity have a comfortable capital position. This would also help the Singapore bank gain a banking license. It also ends Clix Capital's plan of converting into a bank.
Govt may not need to infuse fresh capital in PSU banks this fiscal
There may not be a sudden surge in non-performing assets (NPAs) after the six months moratorium comes to an end this month as it is followed by one-time loan restructuring, sources said, adding, provisioning requirement is also quite low for the debt recast accounts.
Lakshmi Vilas Bank plunges 9% post Q2 loss; auditor says bank needs urgent capital infusion
Following the development, the stock fell 8.65 per cent to hit a low of Rs 14.25 on BSE.
Indian Overseas Bank seeks about Rs 1,000 cr capital support from government
"We expect the trend to continue and book profit quarter after quarter aided by prospects of better recovery. There will be no question of going back," IOB Managing Director P P Sengupta told PTI.
Govt provides Rs 670-crore support to Regional Rural Banks to meet regulatory capital
Of the 43 RRBs, about one-third especially from north-eastern and eastern regions are in losses and they needed fund to meet regulatory capital requirement of 9 per cent, sources said.
Deutsche Bank infuses Rs 2,700 crore into India branches
The fresh capital will be used to support further expansion of Deutsche India, the bank said. The German lender operates 17 branches across India mainly servicing corporate, investment banking and private banking clients.
Cabinet approves Rs 6,000 cr infusion in NIIF debt platform
“The cabinet took an important decision for Rs 6,000 crore of capital infusion in the National Investment and Infrastructure Fund in next two years,” said Prakash Javadekar, union minister of information and broadcasting, during a briefing on Wednesday.
Texmaco promoters to infuse up to Rs 200 crore capital
"...regard to the urgency of the fund requirements of the company, the board has approved the issuance of equity shares of the company by way of the preferential issue to the promoters for an amount not exceeding Rs 200 crore," a company statement said.
Finance Ministry may provide capital support to some PSBs in third quarter
The fund infusion would be for meeting regulatory capital requirements if the need arises in October-December quarter. In 2019-20, the government infused Rs 70,000 crore into PSBs to boost credit for a strong impetus to the economy.
Lakshmi Vilas Bank customers can access all services; no change in interest rates as of now: DBS
The amalgamation of LVB into DBS Bank India came into effect from November 27 under the special powers of the government and the Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949.
An RBI working group insider explains the thinking behind businessmen-as-bankers recommendation
"We have suggested revisiting the fit-and-proper criteria. We have said that financial conglomerates getting into banking should have a structure NOFHC to come through and that companies should be regulated through RBI guidelines and necessary legislative framework," says Sachin Chaturvedi who is on RBI's central board.