Basel Iii
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Indian norms on capital requirements, prompt corrective action are conservative: SBI report
•The SBI report compared the Indian PCA framework with the US' Federal Deposit Insurance Corporation (FDIC).
SBI plans to raise up to Rs 25,000 cr in current financial year to meet capital adequacy norms
•SBI shares closed almost flat at Rs 259.95 on BSE.
Punjab National Bank to seek shareholders' approval for issuing up to 10 crore shares to employees
•Under the Employee Stock Purchase Scheme (ESPS), Punjab National Bank proposes to issue new shares to its employees, including the managing director and executive directors
Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank frauds
•Punjab National Bank has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi.
Public sector banks need Rs 2 trillion capital for 8-9% lending growth in FY19: India Ratings
•In October last year, the government had announced a Rs 2.11 lakh crore bank recapitalisation plan spread over two fiscals, 2017-18 and 2018-19.
State Bank of India to raise Rs 5,000 cr through long-terms bonds for affordable housing
•The proposed bond raising programme aims at funding infrastructure and affordable housing, SBI said in a filing to stock exchanges.
Govt likely to stick to deficit target, may step up bank reform, says PMEAC member Surjit Bhalla
•Economic growth slipped to its lowest level in three years in the first quarter, logging an annual rate of 5.7 percent
Basel-III: Fitch reduces Indian banks' capital need to $65 bn from $90 bn on weaker loan growth
•Capital requirements at Indian state-run lenders remained hefty due to several factors, including low common equity ratios and provisioning requirements for new loans, according to Fitch Ratings.
Govt to speed up state-run bank mergers to strengthen sector, boost economic revival
Ians •Nine of the 21 state-run banks reported a net loss for the last financial year ended March. Thirteen had posted losses the previous financial year.
Central Bank of India raises Rs 500 cr through bonds at an interest rate of 8.62 percent
•The bank will offer an interest rate of 8.62 per cent per annum to the bond holders