Page 1005 - Finance News
Making forex reserves shine bright
China, Russia are depositing gold in reserves
 "Making forex reserves shine bright")
Kotak Mahindra Bank standalone net profit increases 32% on higher net income
On a consolidated basis, profit grew to Rs 1,055 cr against Rs 913 cr in Q4FY15
 "Kotak Mahindra Bank standalone net profit increases 32% on higher net income")
India's riskier rating in way of foreign banks' expansion: Rajan
He said greater demand on banks to hold capital in the post-financial crisis scenario has come at a cost
 "India's riskier rating in way of foreign banks' expansion: Rajan")
Indian Bank profit falls 59% in March quarter
Bank says it has cleaned balance sheet on major stressed sectors & decided to position as mid sized bank with focus on retail
 "Indian Bank profit falls 59% in March quarter")
OBC posts Rs 22-cr net in March qtr
The bank had posted a net loss of Rs 178.4 cr in the corresponding quarter of the previous financial year
 "OBC posts Rs 22-cr net in March qtr")
Muthoot Finance is India's most trusted finance diversified brand: Brand Trust Report
The study was conducted by TRA Research
Your savings account will no longer have a negative balance: Report
RBI asks customers to approach banking ombudsman if banks impose penalty for not maintaining minimum balance, The Times of India reports
 "Your savings account will no longer have a negative balance: Report")
HDFC Bank plans to double its credit card base in 1 year
Aims to issue 0.4 million cards every month
 "HDFC Bank plans to double its credit card base in 1 year")
Zoom Developers tops UCO Bank's wilful defaulter list
Firms are from iron, steel, power sectors
 "Zoom Developers tops UCO Bank's wilful defaulter list")
Central banks should liaise better during crisis: Raghuram Rajan
Says many emerging markets have already been taking steps to help their neighbours
 "Central banks should liaise better during crisis: Raghuram Rajan")
Rajan floats 'traffic signal' like control on central bankers
Says India can follow the same rules in about a decade
 "Rajan floats 'traffic signal' like control on central bankers")
Anshu Jain's NBFC may apply for bank licence
Jain's role in the new company will be as an investor and a mentor, while the entire operation will be headed by his ex-colleague Bhupinder Singh
 "Anshu Jain's NBFC may apply for bank licence")
Public sector bank officers seek more teeth to recover advances
Data shows that Rs 2,25,000 crores worth assets are NPA
 "Public sector bank officers seek more teeth to recover advances")
Is the worst behind Axis Bank post disclosure?
Analysts say the disclosures by Axis Bank give better clarity on earnings going ahead
 "Is the worst behind Axis Bank post disclosure?")
Unified payments system to make mobile wallets redundant: Report
Document says mobile wallet services, such as Paytm, SBI's Buddy, ICICI Bank's Pockets and HDFC Bank's Chillr, will be hit
 "Unified payments system to make mobile wallets redundant: Report")
Govt not averse to giving RBI Governor Raghuram Rajan a second term
However, the government has not taken a final call and is yet to inform Rajan
Probe heat on firms with false tax claims
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption
 "Probe heat on firms with false tax claims")
India's bad loan problem overblown, says Kamath
New Development Bank president K V Kamath says the processes of economic growth and asset resolution will take care of the bad loans challenge
 "India's bad loan problem overblown, says Kamath")
Just how bad are the bad loans?
Only a fraction of defaulting loans is reported to central databases; what is made available for public scrutiny would be even less
 "Just how bad are the bad loans?")
Indian firms deleveraging fast, says SBI
Report says domestic companies, particularly those in the cement, fertiliser, trading and finance are now less dependent on resorting to debt
 "Indian firms deleveraging fast, says SBI")