Page 1013 - Finance News

Banks look to cash in on start-up wave by carving a new segment

Lenders expect some of these start-ups to balloon into large companies in years to come

RBI says fully prepared for FCNR (B) maturity

The central bank, however, cautioned that the foreign exchange reserve could see some dip in the interim

Smaller banks could be better bets

City Union and Karur Vysya among preferred picks; valuation gap with larger peers seen narrowing

Axis Bank cuts MCLR by 15 basis points to 8.95%

It has also reduced base rate by 5 basis points to 9.45% from existing 9.50%

Supreme Court to examine confidentiality of bank NPAs

Reserve Bank had submitted a list of individuals and companies which had defaulted on bank loans of over Rs 500 cr to the apex court

Liquidity situation recovers as govt starts spending

Since December last year, the system was under pressure as the govt did not infuse the advanced tax money into the system

Wait for 2 months to transact on Unified Payments Interface

Of the 29 banks that have tied up with the National Payments Corporation of India, only 10 are ready with the app for the service

Hedge funds abandoning dollar's biggest bull run

Vijaya Bank cuts term deposit interest rates by 25 bps

The new deposit rates will be effective April 12, the bank said

Home loans to get cheaper over next three to six months

Borrowers should expect only 25 basis point reduction within a month

SBI, ICICI Bank cut home loan rates

Cuts of 10 bps, effective April 1, due to MCLR regime

High real interest rate causing lowering growth in banks

Main reason of banks facing shortage of funds is sluggish deposit at ASCB with meagre growth of 9.9%

Your mobile phone to double up as debit card

As UPI gets popular, cash transactions will come down as most small payments will be routed through this

Now, transfer your money via SMS

Unified Payments Interface launched to simplify mobile banking

StanChart looks to shed $1.4-billion loans in India

To revamp asset book; assets on the block include loans, proprietary bond and equity investments in China, Indonesia and Malaysia

Banking system in the midst of a revolution: Rajan

Central bank looking at exploring more niche banks like custodian banks, wholesale banks and long-term financing banks

RBS to close down India business

It is closing the Indian business after failing to find a buyer

India gets $42-bn FDI during Apr-Feb: RBI

The inflows were $32.96 billion during April-February 2014-15

ICRA weighs UDAY effect on Power Finance Corp

PFC planning to raise Rs 42, 000 cr in AAA-rated long-term funds and Rs 8, 000 cr in A1+ short term money

Banks' margins won't fall so soon

Elevated provisioning for bad loans and a slow pick-up in credit demand are larger concerns