Page 122 - Finance News Analysis

Rupee weakens further

As dollar demand from importers intensifies ahead of the month-end, the 66/dollar might be breached next week

Developers say no to RBI governor's price cut option

Real estate developers have made it clear they cannot cut prices, even if that means sitting on high inventories

Payments banks will change banking habits: Jaitley

Such banks can collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and sell insurance and mutual funds

Payment banks unlikely to eat into large lenders' biz: Crisil

Says does not expect them to dent the business of existing banks given that their services would largely focus on the underbanked areas

Rupee continues to sink; falls 29 paise at 65.83

Heightened fears of a China-driven global economic crisis as well as worries of Fed rate hike kept intense pressure on rupee

How will payments banks help you?

Unbanked customers can expect easier access to banking, while those who have bank accounts can look forward to further innovations in payment space

SBI developing low-cost model to counter payments banks

The bank will be opening customer service points in unbanked panchayats to compete with payments banks, said SBI Chairman

Rupee at fresh two-year low on sustained capital outflows

Dollar demand from importers, weak equity market weighs

Meet the winners who get payments banks licence

Rajan allays bankers' fear of competition from payments banks

Says such banks will play a complimentary role in the existing banking system

ICICI Bank might explore tie-ups with new banks

Lenders raise concerns over rising competition from payments banks

Payments banks might eat into low cost deposits of commercial banks

The spread of payments banks might also deprive regular banks of the fee income they earn from customers, like those for making demand drafts, cash transfers, remittances

Postal dept gets moving after payments bank approval

Will finalise note for investment approval of Rs 300-400 crore; subsidiary to be created for the venture to leverage national branch network

Rate cuts: Rajan says watching monsoon impact on inflation

He also appeared critical of banks for not passing on entire benefit of RBI's 0.75% rate cut

'Nod to Postal Department for payments bank a proud moment'

I would expect the dept to prepare itself properly for this: Communications and IT Minister Ravi Shankar Prasad

Govt committed to revive postal department: Prasad

The Reserve Bank of India has granted 'in-principle' approval to Postal Department to set up payments bank

Payments banks to strengthen financial ecosystem: Kochhar

ICICI Bank has investments in two of the 11 entities that have got in-principle approval for setting up payments banks

Rupee weakens below 65.50/dollar to lowest since Sept 2013

Tracks losses in Asian currencies after Chinese equities slump again

FM Arun Jaitley steps up rate cut pressure on RBI

Jaitley's move comes as the economy struggles and price rises slow, with some bureaucrats arguing for an immediate cut of as much as 50 bps

Bharti Airtel, Tech Mahindra gain after payments banks nod

Payments banks can issue ATM/debit cards, but not credit cards