Page 1040 - Finance News
State Bank of Mysore raises Rs 200 cr via tier-II bonds
Shares of the bank were trading at Rs 401.10, up 0.17% from previous close on BSE
 "State Bank of Mysore raises Rs 200 cr via tier-II bonds")
RBI to buy up to Rs 10,000 cr of bonds
RBI plans to buy bonds maturing between seven to 14 years through the OMO
 "RBI to buy up to Rs 10,000 cr of bonds")
Paytm aims for summer rollout of payment bank
Bank head may come from consulting sector, HQ in Noida
 "Paytm aims for summer rollout of payment bank")
 "Indo-Iran trade braces for change")
RBI reviews SDRs, JLF scheme with lenders
The thrust of discussion was on how tool were being used and the improvements needed to sharpen their efficacy and ease of use
 "RBI reviews SDRs, JLF scheme with lenders")
Kotak Mahindra Bank Q3 net up 30% to Rs 938 cr
Total income of the lender rose to Rs 6,950.41 crore during the quarter under review
 "Kotak Mahindra Bank Q3 net up 30% to Rs 938 cr")
Closely monitoring loan accounts & taking provisions to avoid NPAs: Exim Bank's CMD
With a slight rise in NPAs to 0.61% from 0.45%, the lender is looking at promoters to invest into the business than rely on loans
 "Closely monitoring loan accounts & taking provisions to avoid NPAs: Exim Bank's CMD")
EPFO forms panel for organisation, cadre restructuring
Move expected to create thousands of vacancies
 "EPFO forms panel for organisation, cadre restructuring")
HSBC appoints Ravi Menon as CEO of Indian asset mgmt arm
This, after the elevation of Puneet Chaddha as business head for South East Asia
 "HSBC appoints Ravi Menon as CEO of Indian asset mgmt arm")
Postal Dept to open 1,000 ATMs by March this year
Targets all 25,000 departmental post offices under core banking system
 "Postal Dept to open 1,000 ATMs by March this year")
HDFC Bank grabs 52% share in credit card book size
According to RBI data, the lender had 6.72 mn outstanding cards in October, the highest in the industry
 "HDFC Bank grabs 52% share in credit card book size")
LIC Housing Finance Q3 net up 22%
Its NII for reporting quarter rose by 36% to Rs 747 crore
 "LIC Housing Finance Q3 net up 22%")
Srei Infrastructure on an investment rejig spree
Two major decisions point towards its strategy to focus on core activities while streamlining its investment portfolio
 "Srei Infrastructure on an investment rejig spree")
SBI downplays provisons pressure concerns
RBI has called on banks to clean up their balance sheets by March 2017
 "SBI downplays provisons pressure concerns")
Invent ARC eyes large ticket NPAs
Intends to tap bank credit-line for financing; the company has AUM worth Rs 1,530 cr
 "Invent ARC eyes large ticket NPAs")
IDBI Bank ups QIP size 35%
IDBI stock was trading lower at Rs 64.3 per share on Bombay Stock Exchange
 "IDBI Bank ups QIP size 35%")
Capital for banks not a problem: FM, RBI
Banks told to take tough measures to clean up their balance sheets
 "Capital for banks not a problem: FM, RBI")
Running US ops tough on high compliance cost: SBI
The bank has reduced front office positions by 100%
 "Running US ops tough on high compliance cost: SBI")
IDBI Bank to raise Rs 3,771 crore through QIP route
Shares of IDBI Bank were trading at Rs 64.15, down 2.95%, from previous close on BSE