Page 1014 - Finance News
Airtel's M-commerce subsidiary gets payments bank licence
In August last year, RBI had given in-principle to the company, which operates under brand name of Airtel Money
 "Airtel's M-commerce subsidiary gets payments bank licence")
RBI declines to share details of banks inspection report
The RBI said furnishing the requested information will disproportionately divert the resources of the public authority
 "RBI declines to share details of banks inspection report")
Raghuram Rajan cautions public against false e-mails in RBI's name
He said they really don't need our money, they never send out e-mails asking for payments
 "Raghuram Rajan cautions public against false e-mails in RBI's name")
Bank recoveries fail to maintain pace with huge write-offs: Report
Constitute nearly 1/3rd of total write-offs in some cases; SBI's recovery stood at Rs 11,566 crore against a write off of Rs 41,641 crore in ten years, The Indian Express reports
 "Bank recoveries fail to maintain pace with huge write-offs: Report")
Corporate bond market in development stage in India: Shyam Srinivasan
Said that the market will take between three to five years to develop given the huge financing demand from the infrastructure sector
 "Corporate bond market in development stage in India: Shyam Srinivasan")
No further summons, ED may move court against Vijay Mallya
Revoking passport, non-bailable warrant or action under Prevention of Money Laundering Act on the cards
 "No further summons, ED may move court against Vijay Mallya")
Govt mulls scheme for staff to invest in bank recapitalisation
To exhort employees to invest part of 7th Pay Commission salary hike in proposed fund
 "Govt mulls scheme for staff to invest in bank recapitalisation")
Negotiate with Mallya on dues, cut losses: Assocham to banks
Mallya's settlement offer has already been rejected by banks, who want something concrete on the table
 "Negotiate with Mallya on dues, cut losses: Assocham to banks")
Banks delay action against nearly 100 corrupt officers
As per norms, matter of granting sanction for prosecution has to be decided within four months
 "Banks delay action against nearly 100 corrupt officers")
New interface for easy money transfer
Slated to be launched next week, the Unified Payments Interface aims to revolutionise the payments space
 "New interface for easy money transfer")
Bank profits seen caught in bad-loan squeeze
PSU banks seen leading 22% decline in post-tax profits, sharp rise in NPA
 "Bank profits seen caught in bad-loan squeeze")
Govt nudges banks to cut interest rates
Economic Affairs Secretary says India is moving towards a low interest rate regime
 "Govt nudges banks to cut interest rates")
Banks Board Bureau discusses consolidation among PSBs
As part of revamp of public lenders, a proposal was made to consolidate the existing 27 PSBs into ten
 "Banks Board Bureau discusses consolidation among PSBs")
Gilts trade: RBI move on retail trade has few takers
Allowing gilt account holders in NDS-OM can be a game changer if certain impediments are removed
 "Gilts trade: RBI move on retail trade has few takers")
Banks may cut interest rates in next few days: Shaktikanta Das
He said banks are now expected to do effective transmission of rates in light of the recent monetary policy easing by RBI
 "Banks may cut interest rates in next few days: Shaktikanta Das")
Banks Board Bureau to discuss capital, consolidation today
Bureau is a temporary arrangement to be transitioned into a Bank Investment Company that would act as a holding company for all PSBs
 "Banks Board Bureau to discuss capital, consolidation today")
 "UDAY scheme might affect state finances")
 "Singapore backs Rajan on central bank coordination")
 "RBI trading norms for PSLCs")