Page 1044 - Finance News
Asset financiers request RBI to reconsider NPA norms
Central bank cut down NPA recognition period from six months to three months
 "Asset financiers request RBI to reconsider NPA norms")
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
 "Higher provisions to hit bank results in Q3")
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
 "TN politician protests IOB decision to close regional offices")
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
 "BS Banker of the Year is Shikha Sharma")
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
 "ICICI Bank to meet FY16 CSR target, spend Rs 200 cr: Chanda Kochhar")
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
 "Cabinet approves conversion of MUDRA into bank")
Bank of India allots shares worth Rs 264 crore to LIC
Bank of India shares traded 0.57 per cent up at Rs 114.80 apiece during noon on BSE
 "Bank of India allots shares worth Rs 264 crore to LIC")
Govt notifies new norms to deal with cheque bounce cases
Under the new norms, a case can be filed where the cheque was presented, instead of where it was issued
 "Govt notifies new norms to deal with cheque bounce cases")
Andhra Bank launches Immediate Payment Service
IMPS makes payments possible within fraction of seconds
 "Andhra Bank launches Immediate Payment Service")
 "Banks masking Rs 1.5 lakh crore through SDR: Religare")
 "Indian Bank, Andhra Bank to issue Basel-III bonds")
RBI to auction new 10-year benchmark bond on Friday
The RBI would raise Rs 8,000 crore through a new benchmark 10-year bond
 "RBI to auction new 10-year benchmark bond on Friday")
IDBI Bank raises Rs 1,900 cr via Basel-III compliant bonds
The funds will help the bank to augment its capital adequacy ratio by about 55 basis points
 "IDBI Bank raises Rs 1,900 cr via Basel-III compliant bonds")
Indian Bank hikes interest rates for NRI deposits
The interest rate for Foreign Currency Non-Resident (Banking) deposits in dollar terms has been fixed at 1.88% from the existing 1.70%
RBI imposes Rs 1 cr fine on State Bank of Travancore
Penalty imposed for violation of RBI instructions, including reporting of data to CRILC
 "RBI imposes Rs 1 cr fine on State Bank of Travancore")
IndusInd keen on home loan space, set for payments bank tie-up
The bank will also be able to meet its target of having 1,200 branches by March 2017
 "IndusInd keen on home loan space, set for payments bank tie-up")
No interviews: PSBs to strengthen exam for clerical posts
This follows PM Modi's recent directive that there was no need for holding interviews for lower level posts
 "No interviews: PSBs to strengthen exam for clerical posts")
ASK Group to invest Rs 1,500 cr in real estate projects
Firm invested a little over Rs 600 cr last year through three equity deals in real estate projects
 "ASK Group to invest Rs 1,500 cr in real estate projects")