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Monday, June 25, 2018

IDBI-LIC stake deal: Finance Ministry official says boards to take a call

As per reports, govt might ask LIC to take at least 40 per cent more in IDBI, something it had done with Axis Bank in the past.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2KfFdrz
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Defaulters beware! PNB takes big steps to tackle bad loans, NPA accounts after Nirav Modi fiasco

Shell-shocked by the multi-crore loan fraud involving diamond merchant Nirav Modi, the Punjab National Bank (PNB) has now turned its attention to recovering loans and take steps to prevent the recurrence of such incidents in the future.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2ltQiHs
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China regulators free up extra $100 billion for bank lending

The reduction on Sunday in reserves banks are required to hold was part of a series of such cuts economists had forecast before the dispute with US President Donald Trump erupted.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2lz4JtO
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State-run banks with PCA tag prune ATMs in a bid to cut costs

Of the 11 banks under PCA, seven have cut down their ATMs.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2ttf1jr
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HDFC, Kotak Bank eye PNB Housing Finance

Promoters Punjab National Bank and Carlyle, which together own about 66% of the company, are looking to sell their stake to a large investor.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MWXJn9
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