Page 1037 - Finance News
Banks' bad loans to rise to 12.5%, says India Ratings
RBI has asked banks to recognise weak assets and make accelerated provisions by March 2017
 "Banks' bad loans to rise to 12.5%, says India Ratings")
 "India plans to ask banks for Rs 2,000 cr in back-taxes")
SBI launches new home loan plan for executives
Borrowers can pay only interest during a three-five-year moratorium
 "SBI launches new home loan plan for executives")
SBI launches new home loan scheme for working executives
The professionals to get higher amount than they are eligible for
 "SBI launches new home loan scheme for working executives")
State Bank of Travancore Q3 net profit up 23% at Rs 91 cr
Total income of the bank increased to Rs 2,660.29 crore for the quarter under review
 "State Bank of Travancore Q3 net profit up 23% at Rs 91 cr")
i-Lend partners Lenddo to offer unsecured personal loans
With this, i-Lend plans to scale up its presence in country
 "i-Lend partners Lenddo to offer unsecured personal loans")
IDFC IDF to grow loan book to Rs 3,500 cr
The IDF assets stand at Rs 1,000 cr as of Jan, may cross Rs 1,500 cr by March
 "IDFC IDF to grow loan book to Rs 3,500 cr")
RBI expected to maintain status quo: DBS
Says RBI's inflation target of 6 per cent for January 2016 is unlikely to be breached
 "RBI expected to maintain status quo: DBS")
Profit to come under pressure for NBFCs
Tough credit environment and tighter NPL recognition norms to keep a check on earnings for NBFCs
 "Profit to come under pressure for NBFCs")
HDFC Bank to make its ATMs mini-branches
Cash dispensers to also give loans and approve credit card applications
 "HDFC Bank to make its ATMs mini-branches")
RBI goes beyond OMO to cool bond yields
High yields, acute liquidity shortage and a continued supply of bonds from the central and state governments have rankled the bond market
 "RBI goes beyond OMO to cool bond yields")
Bank of Baroda scam: RBI tells banks to conduct internal audit
Central bank wants to put an end to fraudulent foreign exchange transactions
 "Bank of Baroda scam: RBI tells banks to conduct internal audit")
India trims US govt securities holding in November
Exposure stood at $115.4 billion in November 2015 against $116.6 billion in October 2015
 "India trims US govt securities holding in November")
Cholamandalam Investments and Finance expects payment bank to start in 12-14 months
Receives board approval to raise Rs 6,000 crore through NCDs
Govt's cash balance with RBI high, puts stress on liquidity
Cash pile-up indicates Centre may be reluctant to spend in order to meet fiscal deficit target of 3.9% of GDP for 2015-16
 "Govt's cash balance with RBI high, puts stress on liquidity")
Shareholders oppose proposed IPO of TMB
Community members say they are ready to buy back shares held by FIIs, NRIs
 "Shareholders oppose proposed IPO of TMB")
YES Bank net profit up 25% at Rs 675.7 cr
Profits rose on back of robust growth in net interest income and higher other income
 "YES Bank net profit up 25% at Rs 675.7 cr")
5 things to know about negative interest rate policy
Bank of Japan cut its benchmark interest rate below zero for the first time
 "5 things to know about negative interest rate policy")
No rethink on deadline for banks to clean up balance sheets: RBI deputy governor
On NPAs, Mundra said the private sector banks have "apparently" performed better than their PSB peers
 "No rethink on deadline for banks to clean up balance sheets: RBI deputy governor")
RBI to announce monetary policy review on Feb 2
BofA Merrill Lynch Global Research says RBI may cut the key policy rate by 25 basis points in the policy review