Page 1045 - Finance News
IDBI Bank strategic stake sale unlikely this fiscal
Last week, govt allowed IDBI Bank to raise Rs 3,771 cr through QIP
 "IDBI Bank strategic stake sale unlikely this fiscal")
JM Financial Credit Solutions to raise Rs 1,000 cr to fund business growth
The firm plans to raise the money through a mix of debentures as well as loans
 "JM Financial Credit Solutions to raise Rs 1,000 cr to fund business growth")
New-age app and green PIN to push PNB's digital drive
PNB also added facilities to track nearest ATM through GPS
 "New-age app and green PIN to push PNB's digital drive")
IDBI Bank to raise Rs 900 cr through Basel-III compliant bonds
Many banks have been raising money through tier-II bonds, in their run-up to full Basel-III compliance by March 2019
Bankers want green nod before project bids
The Indian Banks' Association to tell finance ministry how to revive 85 large projects worth Rs 3.5 lakh crore stuck in sectors such as road, power and steel
 "Bankers want green nod before project bids")
J&K Bank's pan-India ATM footprint tops 1,000
Jammu and Kashmir Bank has currently over 2.3 million debit card holders
 "J&K Bank's pan-India ATM footprint tops 1,000")
SocGen to shut India equities research desk
The Mumbai-based desk employed four people who were all offered the option to relocate to Bengaluru to join the bank's offshore equities research operations.
 "SocGen to shut India equities research desk")
SBI: Lending rate cut unlikely till end-Mar
Chairperson Arundhati Bhattacharya hints bank may consider it after passing FY16
 "SBI: Lending rate cut unlikely till end-Mar")
SLBC convenor banks to identify villages with below 5,000 population for bank branch opening: RBI
State Level Bankers' Committee came into existence under Lead Bank Scheme as per RBI guidelines
 "SLBC convenor banks to identify villages with below 5,000 population for bank branch opening: RBI")
Lending to foreign step-down arms of Indian firms gets costlier
RBI slaps 2% additional provision for such loans
 "RBI spells out debt strategy for medium term")
Banks non-food credit slows to 8.8% in Nov
Advances to industry rose by 5% in the reporting month compared with the increase of 7.3% last year
IDBI Bank to raise Rs 3,771 crore via QIPs
Scrip of the public lender closed 1.44% higher at Rs 88.90 on BSE
RBI 'not a cheerleader', but it still cheers markets in 2015
The RBI governor most famous oneliners -- 'I am Raghuram Rajan and I do what I do' -- that eventually summed up the year 2015 for the central bank
 "RBI 'not a cheerleader', but it still cheers markets in 2015")
HDFC Bank cuts base rate by 5 bps
On September 1, the bank had reduced its rates by 35 basis points
 "HDFC Bank cuts base rate by 5 bps")
 "Life insurers lose agents")
 "Credit growth continues to remain muted")
HDFC Bank cuts lending rate by 0.05%
The bank had last reduced its base rate to 9.35% in September this year
 "HDFC Bank cuts lending rate by 0.05%")