bank News

'Govt, RBI need to ensure that cash-flushed banks lend to NBFCs'

'Govt, RBI need to ensure that cash-flushed banks lend to NBFCs'

New Delhi: NBFCs have been going through a liquidity crisis over the past two years and the Covid-19 pandemic has only worsened the situation.Mahesh Thakkar, the Director General of Finance Industry Development Council (FIDC) is of the view that Centre and the RBI should intervene and ensure that we...

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Canara Bank to raise up to Rs 8,000 cr via equities, bonds

Canara Bank to raise up to Rs 8,000 cr via equities, bonds

Mumbai: Canara Bank on Friday said that its Board of Directors has approved raising of up to Rs 5,000 crore of equity share capital and up to Rs 3,000 crore through bonds during the financial year 2020-21.The board has given its green signal for raising equity share capital through any of the option...

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SBI Board to discuss raising capital via bonds on July 15

SBI Board to discuss raising capital via bonds on July 15

Mumbai: The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds.In a regulatory filing, the bank said, its board will "seek approval for raising of Additional Tier 1 (AT 1) and Tier 2 Capital by way of issuance of Basel-III com...

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Yes Bank sets floor price of Rs 12/share for FPO issue

Yes Bank sets floor price of Rs 12/share for FPO issue

Mumbai: Yes Bank's Capital Raising Committee (CRC) of the Board of Directors on Friday set a floor price of Rs 12 per share for its upcoming further public offering (FPO).The board has fixed a cap price of Rs 13 per share, the bank said in a regulatory filing.The bank's board in its meeting on Frida...

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Union Bank of India cuts MCLR by 20bps across tenors

Union Bank of India cuts MCLR by 20bps across tenors

Mumbai: Union Bank of India on Friday announced reduction in its marginal cost of funds-based lending rate (MCLR) by 20 points across all tenors.The rate cut will come into effect from Saturday, the company said in a statement.Post the reduction, MCLR across tenors ranges from 6.85 per cent to 7.40 ...

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PNB reports Rs 3,688 cr borrowal fraud by DHFL

PNB reports Rs 3,688 cr borrowal fraud by DHFL

Mumbai: State-run Punjab National Bank (PNB) has reported a borrowal fraud of Rs 3,688.58 crore in the NPA account of the now bankrupt Dewan Housing Finance Ltd (DHFL).In a regulatory filing, the bank said that it has already made provisions amounting to Rs 1,246.58 crore."A fraud of Rs 3,688.58 cro...

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PNB Board approves plan to raise Rs 10,000 cr

PNB Board approves plan to raise Rs 10,000 cr

New Delhi: The Board of Punjab National Bank (PNB) on Thursday approved the proposal to raise up to Rs 10,000 crore through equity and debt.In a regulatory filing, the bank said that it will seek shareholders' approval for raising of equity capital for an amount up to Rs 7,000 crore in the forthcomi...

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Yes Bank case: ED attaches Rs 2,203 cr assets of Kapoor, others

Yes Bank case: ED attaches Rs 2,203 cr assets of Kapoor, others

New Delhi: The Enforcement Directorate (ED) has attached Rs 2,203 crore assets of Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance Ltd (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in the Rs 3,700 crore fraud case, officials said on Thursday.The ED ha...

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Yes Bank's Rs 15K cr further public offering opens on July 15

Yes Bank's Rs 15K cr further public offering opens on July 15

Mumbai: Yes Bank has filed a red herring prospectus for its further public offering (FPO) to raise up to Rs 15,000 crore.The FPO issue will open on July 15 and close on July 17. The anchor investor bidding date would be July 14.In a regulatory filing, the bank on Thursday said that it has reserved a...

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Banks' cyber risks rise as Covid spurs digital trends: Moody's

Banks' cyber risks rise as Covid spurs digital trends: Moody's

London: Banks face a growing risk of cyber-attacks as the coronavirus crisis accelerates the shift to digital banking and remote working, Moody's Investors Service said in a report on Wednesday."Social distancing has created a surge in demand for contactless payments, digital cash transfers and onli...

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