Page 1035 - Finance News
Vijaya Bank plans to raise Rs 1, 000 crore capital in Q4
Lender plans to raise equal amounts through equity infusion from the government and through bonds
 "Vijaya Bank plans to raise Rs 1, 000 crore capital in Q4")
RBI cancels registration of four NBFCs
No details were given by the apex bank for cancellation of the certificates
 "RBI cancels registration of four NBFCs")
StatsGuru: The finance sector's NPA woes
Business Standard tracks the Financial sector's NPA problem
 "StatsGuru: The finance sector's NPA woes")
Post office small savings collections up 700%
With fixed deposit rates in banks falling, the net collection of small savings through post offices increased a whopping 700 per cent till November 2015, year-on-year
 "Post office small savings collections up 700%")
NBFC sector's gross NPL ratio to rise to 7.3% by March 2017
A large part of the increase will be due to shift to 120-day NPL recognition norm in FY17 from 150 days in FY16
 "NBFC sector's gross NPL ratio to rise to 7.3% by March 2017")
IBA pitches for priority sector tag for road projects
Proposal has also found favour of Road Transport Ministry, which plans to write to RBI to consider it
 "IBA pitches for priority sector tag for road projects")
Bajaj Capital open to selling upto 26% stake
The company indicated that it would prefer technology backed companies for dilution of its stake
Microlenders see sharp rise in funding
'Earlier, Bandhan used to absorb a significant amount of priority sector lending by banks. Now that it is no longer an MFI, a lot more of bank funding is available for MFIs'
 "Microlenders see sharp rise in funding")
End of crop loan subsidy likely to heighten defaults, banks say
But RBI data suggest that by replacing interest subsidy with crop insurance, government can use about Rs 12,500 cr to facilitate crop insurance scheme
 "End of crop loan subsidy likely to heighten defaults, banks say")
Even best policies might fail to address the economic crises: RBI
RBI Deputy Governor R Gandhi asks companies to look at bond market for raising funds, rather than tapping only traditional banking channels
 "Even best policies might fail to address the economic crises: RBI")
RBI's professional forecasters' survey sees growth at 7.8%
The survey is not RBI's own view but is organised by the apex banks and is considered important
 "RBI's professional forecasters' survey sees growth at 7.8%")
Vijaya Bank quarterly net profit up 41%
Net interest income grew 33% in December quarter
 "Vijaya Bank quarterly net profit up 41%")
RBI to buy back IIBs maturing 2023
The not-so-successful bonds have received a tepid response due to poor marketing and tax issues
 "RBI to buy back IIBs maturing 2023")
Faircent goes mobile to ensure loan on demand
Launches India's first mobile app for the lenders
Nabard eyes selling 'maximum' tax-free bonds in current fiscal
Lender looks to sell Rs 5,000-crore worth tax-free bonds
 "Nabard eyes selling 'maximum' tax-free bonds in current fiscal")
RBI, banks square off over opposing views to deal with cash shortages
While the RBI seeks to provide liquidity to lenders trough term repos or short-term loans, banks favour RBI bond purchases or cutting CRR
 "RBI, banks square off over opposing views to deal with cash shortages")
RBI updates norms of Foreign Exchange Management Act
Fema, enacted in 1999 with 25 original notifications, came into force with effect from June 1, 2000
 "RBI updates norms of Foreign Exchange Management Act")
Small finance banks poach talent from pvt, foreign banks
These lenders, which are looking to start operations soon, are likely to hire about 20,000 people from the industry
 "Small finance banks poach talent from pvt, foreign banks")
Shriram Transport to extend loan offerings beyond commercial vehicles
Financer plans to offer loans to current customers who are looking to expand business beyond commercial vehicles
 "Shriram Transport to extend loan offerings beyond commercial vehicles")
Govt to infuse Rs 5,000 cr more into state-run banks in FY16
Funds would be infused after Parliament approves the third Supplementary Demand for Grants
 "Govt to infuse Rs 5,000 cr more into state-run banks in FY16")