Latest News for: Banks assets


LIC holds the key in Govt’s IDBI Bank stake sale

Business Line 08 Mar 2021
LIC may get wiggle room to pare its stake in IDBI Bank once the Bank complies with the profitability criteria (Return on Assets/RoA) to come out of Prompt Corrective Action (PCA). The Reserve Bank of India invoked PCA against IDBI Bank in 2017 in view of high non-performing assets and negative return on assets.

The green finance challenge facing China's banks

Straits Times 08 Mar 2021
The Bank of England estimated that extreme climate change could cause US$43 trillion (S$57.83 trillion) in losses to financial assets, while the Netherlands Bank said 11 per cent of the country's banking assets face significant climate risks ... Another incentive option is to reduce the risk weighting of green assets for commercial banks.

First Carolina opens new branch in Virginia

Rocky Mount Telegram 08 Mar 2021
First Carolina Bank has been the fastest growing bank in North Carolina and nationally based on a composite ranking of assets, loans and deposits since 2016 and has expanded its footprint into Virginia ... First Carolina Bank is a North Carolina state-chartered bank headquartered in Rocky Mount with $1.1 billion in total assets at Dec.

Indian Bank gains after board divests stake in JV to monetise its non-core assets

Yahoo Daily News 08 Mar 2021
... disinvestment of the bank's stake in its joint venture (JV) ASREC (India) as part of its strategy to monetise bank's non-core assets.

Fraudulent loans cannot be sold to bad bank: RBI

The Economic Times 08 Mar 2021
... company (NARC) to be set up by public sector banks.

The Risk of Inflation

Quillette 08 Mar 2021
In response to a systemic failure of the banking system in 2008, the Federal Reserve created trillions of dollars of new base money to buy some of their assets, in a process referred to as quantitative easing. Additionally, fiscal bills removed troubled assets from bank balance sheets and provided very modest aid to the public.

It's been a year since markets crashed. Is another reckoning around the corner?

The Citizens 08 Mar 2021
Still, the shift has caused stock markets to wobble in recent days over fears that central banks could lift interest rates to prevent soaring prices and might rein in asset purchases sooner than anticipated, taking excess cash out of markets ... The European Central Bank could have a new problem.

Indian Bank board nods to divest stake in JV ASREC; Stock gains over 1%

IIFL 08 Mar 2021
The approval was accorded as part of the monetization of the Bank's Non- core Assets ... .

Thin stream: poor credit off-take

The Telegraph India 07 Mar 2021
The Reserve Bank of India recently expressed concern with the poor credit off-take from banks by large industries ...  The banks are reluctant to lend to large entities because of the accumulation of stressed assets over the past five years independent of the pandemic ... The banks find themselves between a rock and a hard place.

Central banks in no rush to raise rates, will back growth: Shaktikanta Das

The Times of India 07 Mar 2021
An increase in the asset side of banks, an increase in loan books should be accompanied by simultaneous investment in technology ... Further, a very positive development in recent months has been that both public and private sector banks have proactively made provisions for the ...

India’s Crypto Ban Uncertain as Finance Minister Touts a Window for Experiments

CryptoPotato 07 Mar 2021
India’s Finance Minister told CNBC that the country’s reserve bank is not shutting out cryptocurrencies entirely. She said that while the Reserve Bank of India will decide which unofficial cryptocurrencies will be used and regulated, there will be “a window for experiments” in the industry.

Flushed with liquidity, banks slash home loan rates to decadal lows

Yahoo Daily News 07 Mar 2021
For banks, housing loans are safe ... In case of default, banks can seize the asset and auction it off ... 'Since the past few months, we have been witnessing a resurgence in demand from consumers who want to buy homes,' said Ravi Narayanan, head of secured assets at ICICI Bank.

1880 Bank will become BayVanguard Bank

The Star Democrat 07 Mar 2021
“On behalf of everyone at BayVanguard Bank, we are excited to welcome you as a valued customer to BayVanguard Bank,” the notification sent to 1880 Bank customers reads ... Upon completion of the transaction, BayVanguard Bank is expected to have approximately $750 million in assets and 16 branch locations.