Page 1043 - Finance News

PSU bank employees on strike, operations hit partially

Employees are protesting violation of bilateral settlement agreement by associate banks of SBI

Banks in Telangana meet 52% of lending target under priority sector

Lenders disburse Rs 11,636 crore as of September 30, 2015 against annual target of Rs 57,320.23 crore

Awards won by RBI Governor Raghuram Rajan

Rajan won Central Banker of the Year award for 2016 by 'The Banker'

Need to avoid beggar-thy-neighbour policies: Rajan

Indian capital markets joined the global sell-off sparked by China growth concerns. The rupee also fell to more than a three-week low of 66.93

Rajan is The Banker's central banker of the year

The RBI governor has been named central bank governor of the year several times by other international magazines

RBI relaxes rules for IFSC bank branches

Move aims to facilitate investment transactions and give flexibility in operations

TAC committee on financial markets meets at RBI

The TAC reviewed the recent developments in money, government securities and foreign exchange markets and discussed various issues relating to the financial benchmarks

Microfinance market could grow three-fold in 3-5 yrs: ICRA

However, it is vulnerable to political risks, rising competitive pressure, expansion to newer geographies, marginal borrower profile and high attrition

Govt may dilute its 11.7% stake in Axis Bank

At the current market price, the government could raise about Rs 11,240 cr by selling 27.48 crore shares

Banks can grant non-fund based facilities to non-constituent borrowers

However, the regulator said that this is subject to conditions including having a board approved policy, verification of customer credentials

PSU bank employees to go on strike tomorrow

Private sector banks and country's largest lender SBI will continue to function normally

PSU bank employees to go on strike tomorrow

However, private sector banks and country's largest lender SBI will continue to function normally

Asset financiers request RBI to reconsider NPA norms

Central bank cut down NPA recognition period from six months to three months

Higher provisions to hit bank results in Q3

If the RBI sticks to its stand and make provisions to clean up books by March 2017, there could be more red ink on books

TN politician protests IOB decision to close regional offices

MDMK leader alleges bias against southern regional offices, sats much smaller offices in the north are left untouched

BS Banker of the Year is Shikha Sharma

Jury chose Axis Bank MD & CEO for building a strong capital market franchise & growing commercial banking business

ICICI Bank to meet FY16 CSR target, spend Rs 200 cr: Chanda Kochhar

The bank will be spending almost Rs 100 crore on skill development this financial year

Sebi issues Rs 1.6-cr impounding order in BoR case

Trades took place shares of Bank of Rajasthan ahead of its merger with ICICI Bank in 2010

Magma Fincorp targets Rs 1,200-cr advances in UP

Company bullish on tractor, housing finances and used vehicle loans

Cabinet approves conversion of MUDRA into bank

The MUDRA (SIDBI) Bank will undertake refinance operations and provide support services, said an official statement