Page 1007 - Finance News

SFBs to be major suppliers of PSL certificates by FY20

SFBs need to maintain 75% of adjusted net bank credit as their PSL target

RBI working to check electronic fraud

Sinha said there was no official estimation of the amount of unaccounted money sent to foreign countries by Indians

Kotak Mahindra Bank aims to draw $1 bn balance sheet from its international branch

The bank opens its first global banking unit in GIFT at Gujarat

P2P lenders chalk out aggressive expansion plan post RBI recognition

Several urban-centric P2P lenders such as Faircent and i-lend have seen a brisk growth in a very short span of time

Public sector banks face Rs 66,190 cr in wilful defaults, SBI tops list

FinMin data shows SBI tops list with Rs 11,705 crore in wilful defaults, followed closely by Punjab National Bank, with Rs 10869.72 crore

RBI working on regulation to curb frauds in e-transactions

Jayant Sinha said 87% transaction happens in India in cash, which increases cost of handling besides inconvenience

HDFC Q4 net up 40% at Rs 2,607 crore

Its total assets grew by 14% to Rs 2, 88,753 crore in FY16 from Rs 2, 53,952 crore in FY15

Bond yields hit a sweet spot, could remain stable for sometime

Call money rate has fallen to around 6.5%, which is also RBI's policy rate

Federal Bank expects bad loans additions to be lower in FY17

The bank decided not to undertake any strategic debt restructuring or refinancing under the 5/25 scheme

RBI proposes margins on non-centrally cleared derivatives

By the new standards, all over-the-counter derivatives should be traded on exchanges

SBI cuts MCLR by 5 bps; home loans get cheaper

Interest rates for women borrowers now stands at 9.35%; for other borrowers, it is 9.40%

Asset quality pressure up at ICICI, Axis Bank

With the rising pressure on asset quality, the lenders had to set aside a higher amount of provisioning, impacting their profit

Microsoft keen to get bigger pie in payments bank segment

Plans to offer solutions around data, security applications and analytics

State Bank of Hyderabad net down Rs 253 cr

Total income down 5.64% to Rs 3,907 crore on the back of interest reversals towards fresh NPAs

Federal Bank net tanks 96% to Rs 10 cr in Q4

PAC asks Rajan to explain 'real causes' of bad-loan menace

The Governor had submitted his report to the Public Accounts Committee and put the blame on 'overall economic downturn'

ICICI Bank top-brass foregoes performance bonus

Performance bonus would however be paid to employees in grades of Deputy General Manager and below

Ujjivan to open 100 new branches to meet licence norms

Micro-lender says that the identification process for such new banks has already begun

DBS sees growth opportunity in NPA-saddled domestic banking

Surge in bad assets has led to concerns over ability of banking system to support the economy's finance needs says DBS CEO

SBI, other PSBs yet to raise funds of Rs 22,257 cr from markets

These public sector banks were granted permission to raise funds in December 2014