Page 1032 - Finance News
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
 "Mission incomplete: Raghuram Rajan's overhaul of RBI")
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")
More steps in offing to empower banks to recover bad loans: Arun Jaitley
The Finance Minister also said that the bankruptcy law is under active consideration
 "More steps in offing to empower banks to recover bad loans: Arun Jaitley")
Markets need not panic, bad loans being tackled: Arun Jaitley
He said the govt is committed to protect the banks and even banks are equipped to deal with the issues
 "Markets need not panic, bad loans being tackled: Arun Jaitley")
India gears up for mobile money for everyone through UPI
Platform will give very small borrowers a choice of lenders whom they can repay via mobile at the end of the day
 "India gears up for mobile money for everyone through UPI")
Andhra Bank Q3 net dips 83% at Rs 34.46 cr
Total income grows 5.74% at Rs 4,801.40 cr against Rs 4,540.34 cr year ago period
 "Andhra Bank Q3 net dips 83% at Rs 34.46 cr")
 "NPA provisioning drowns banks' profits")
Indradhanush a ray of hope but public sector banks need wider reforms
The measures included recapitalisation, performance-based incentives and professional appointments
 "Indradhanush a ray of hope but public sector banks need wider reforms")
Asset quality review rules hit earnings: Mundra
Reserve Bank of India deputy governor SS Mundra on Thursday said high NPA numbers reported by banks is because of the delayed recognition of stress
 "Asset quality review rules hit earnings: Mundra")
Past sins push PSBs to edge
Gross NPAs surge on RBI directive to recognise these upfront, valuations dip to all time-lows
 "Past sins push PSBs to edge")
PSBs disappoint majorly in Dec quarter
Many banks cut lending to customers perceived as risky
Clean up! Don't wait for growth: Rajan tells banks
Says RBI will strive to have 'clean and fully provisioned bank balance sheets by March 2017'
 "Clean up! Don't wait for growth: Rajan tells banks")
Banks deny allegation that technical write-offs are a scam
Former RBI deputy governor K C Chakrabarty says technical write-offs should be stopped
 "Banks deny allegation that technical write-offs are a scam")
Banks can take higher slice of SLR portfolio: RBI
The total carve-out from SLR available to banks would be 10% of their NDTL
 "Banks can take higher slice of SLR portfolio: RBI")
SBI bites NPA bullet, profit plunges 67% to Rs 1,259 cr
The bank had posted a profit-after-tax of Rs 3,828.20 crore in the third quarter of the last financial year
 "SBI bites NPA bullet, profit plunges 67% to Rs 1,259 cr")
Banks will be restored to health: Raghuram Rajan
He said RBI will strive to have 'clean and fully provisioned bank balance sheets by March 2017'
Banks will be restored to health: Raghuram Rajan
He said RBI will strive to have 'clean and fully provisioned bank balance sheets by March 2017'