Page 1031 - Finance News
Postal department has overtaken SBI on digital connectivity: Prasad
The postal department has got in-principle nod to start a payments bank, along with 10 other players
 "Postal department has overtaken SBI on digital connectivity: Prasad")
HSBC keeps headquarters in London, rejects move to Hong Kong
The decision will give a boost to London's status as a global financial centre
 "HSBC keeps headquarters in London, rejects move to Hong Kong")
PSBs provide eight times more for bad loans than private banks
Total provisioning made by state-owned banks stood at Rs 43,717 cr, while that of pvt banks was Rs 5,300 cr in Dec '15 qtr
 "PSBs provide eight times more for bad loans than private banks")
Banking reforms coming: Jaitley
Says committed to having PSBs managed professionally, a stable tax regime and globally competitive economy
 "Banking reforms coming: Jaitley")
Stressed assets in textiles sector ease, but need more support
Slowdown in demand has been a major issue helping lower profit margins for textiles players
Govt to bring in more banking reforms soon: Jaitley
FinMin says country not in a state to pull out of banking sector
 "Govt to bring in more banking reforms soon: Jaitley")
PSBs book highest ever loss of Rs 12,000 cr as bad loans mount
11 public sector banks together posted a net loss of Rs 12,867 cr during third quarter
 "PSBs book highest ever loss of Rs 12,000 cr as bad loans mount")
UCO Bank records Q3 net loss at Rs 1,497 cr
The total income of the bank in the last quarter stood at Rs 4,935 cr
 "UCO Bank records Q3 net loss at Rs 1,497 cr")
Bank of Baroda posts highest-ever loss in industry
Posts net loss of Rs 3,342 cr on account of increase in provisioning
 "Bank of Baroda posts highest-ever loss in industry")
Valuation gaps in state loans mask treasury losses
Due to a glut of supply from both the central and state govts, treasury profits are getting wiped out
 "Valuation gaps in state loans mask treasury losses")
Axis Bank to raise $500 mn in Tier-II bonds
In September last year, the lender had raised Rs 1,500 crore via tier-II bonds
 "Axis Bank to raise $500 mn in Tier-II bonds")
RBI hopes to put on-tap banking license soon: Raghuram Rajan
The RBI governor refused to comment on fiscal deficit so close to the Union Budget
 "RBI hopes to put on-tap banking license soon: Raghuram Rajan")
Bank of Baroda Q3 loss at Rs 3,342 crore; biggest for any lender
Total income declined to Rs 11,726.95 crore in the quarter ended December 31
New ICAI chief wants panel for bank audit appointments
Says current system might have contributed to bad loan crisis
 "New ICAI chief wants panel for bank audit appointments")
SBI to auction Kingfisher House on March 17
The e-auction will be done under SARFAESI Act, 2002
 "SBI to auction Kingfisher House on March 17")
Jaitley promises helping hand for banks
Says there is no need for panic and investors should consider the economy's inherent strength
 "Jaitley promises helping hand for banks")
Paytm to announce payments bank top management in March 2016
The payment wallet to e-commerce company is considering launch of the bank post June 2016
 "Paytm to announce payments bank top management in March 2016")
Mission incomplete: Raghuram Rajan's overhaul of RBI
The RBI Governor said he wants to hire talented external candidates and improve quality of research at the central bank
IDBI Bank posts Q3 net loss at Rs 2,184 crore
The state-owned bank income fell to Rs 7,361.86 cr in the quarter under review from Rs 7,935.99 cr a year ago
 "IDBI Bank posts Q3 net loss at Rs 2,184 crore")
Canara Bank Q3 profit slips 87% to Rs 85 crore
Bank's total income fell to Rs 12,050 crore for the quarter under review
 "Canara Bank Q3 profit slips 87% to Rs 85 crore")