Page 1011 - Finance News
Ujjivan Financial IPO to raise up to Rs 882 crore
Foreign shareholding to come down to 45%, from 77%
 "Ujjivan Financial IPO to raise up to Rs 882 crore")
RBI trims list of firms needing bad loan provisioning, says Paper
The apex bank had communicated its decision to banks via individual letters sent on Wednesday
 "RBI trims list of firms needing bad loan provisioning, says Paper")
RBI asks banks to trim list of firms that need NPA provisioning
Central bank drops 20 firms, including Jaiprakash Associates and Coastal Energen, from the initial list of 150 companies
What Raghuram Rajan said about one-eyed king phrase, economy | Full Speech
A full text of RBI Governor's convocation address at National Institute of Bank Management, Pune
 "What Raghuram Rajan said about one-eyed king phrase, economy | Full Speech")
RBI governor says 'one-eyed' phrase taken out of context
Says intent was to signal that India's outperformance was accentuated due to low global growth; apologises for hurting sentiments of visually impaired
 "RBI governor says 'one-eyed' phrase taken out of context")
Banks develop an appetite for start-ups
Lenders taking up incubator-style roles with small investments in start-ups
 "Banks develop an appetite for start-ups")
All corporate loan defaults not frauds: Vinod Rai
The cacophony of uninformed voices should not impact decision making process of bank executives
 "All corporate loan defaults not frauds: Vinod Rai")
Bank consolidation: Merger by size no quick fix
However, if done methodically, with an eye on regional presence, it could provide a hedge against asset quality issues in the long run
 "Bank consolidation: Merger by size no quick fix")
Govt tightened PF withdrawal norms unilaterally: Unions
It had led to unrest and violent protest in Bengaluru
 "Govt tightened PF withdrawal norms unilaterally: Unions")
IFMR Capital initiates first capital market transaction for MUDRA
Deal marks MUDRA's maiden exposure to securitisation
Separate morality from NPA clean-up, says Raghuram Rajan
Said the issue of bad loans gets loaded with morality and it is necessary to keep criminal liability separate for putting the stressed assets back on track
 "Separate morality from NPA clean-up, says Raghuram Rajan")
HDFC begins IPO process of insurance arm
To sell 10% in HDFC Life
 "HDFC begins IPO process of insurance arm")
Tirupati temple deposits 1,311 kg gold with PNB
Siddhivinayak to deposit 44 kg gold ornaments with State Bank of India
 "Tirupati temple deposits 1,311 kg gold with PNB")
RBI will lift ban on cash credit limit soon, claims Badal
State gives data to banks for reconciliation
 "RBI will lift ban on cash credit limit soon, claims Badal")
RBL Bank opens Bengaluru branch exclusively for start-ups
Through the branch, RBL will offer startups banking services around foreign exchange, remittances and cash management
 "RBL Bank opens Bengaluru branch exclusively for start-ups")
RBI for calibrated opening of debt space for foreigners: Khan
The central bank will also try to provide "better communication of the debt management policy to avoid uncertainty in the minds of investors
 "RBI for calibrated opening of debt space for foreigners: Khan")
Intervention in currency market to continue: RBI
In New York, the RBI governor said that morality should be separated from the NPA clean-up
ItzCash targets bill payments worth Rs 15,000 cr in FY17
The firm has crossed Rs 50,000 crore worth bill payments cumulatively during 2006-2016
 "ItzCash targets bill payments worth Rs 15,000 cr in FY17")
Separate morality from NPA clean-up, says Rajan
The RBI governor Raghuram Rajan said that the NPA clean-up is simply about whether the loan is 'performing or not performing'
 "Separate morality from NPA clean-up, says Rajan")
SBI might shut unviable branches abroad
The country's largest lender would soon finalise business targets for the current financial year (2016-17) and conduct a strategic review for a medium-term plan
 "SBI might shut unviable branches abroad")