Page 1048 - Finance News

RBI to soon come up with vision document on payment systems

RBI Deputy Governor R Gandhi declines to specify if the new document would continue with the tradition of covering a three-year period or increase it to five

Aspire Home Finance targets Rs 2,000 crore loan disbursement by year-end

Motilal Oswal Fin Services arm aims to reach 21,000 Indian families; plans more branches across three states

Canara Bank to raise Rs 2,400 cr via bonds

The fund raised is intended to support the asset growth during 2015-16 & also to maintain healthy level of CRAR

DBS Bank opens new wholly owned subsidiary in India

Principle activity of the Asia Hub 2 will be to provide technology related services to the DBS Group

Banks, insurance cos come up with measures to help flood-hit TN

Lenders come up with options to reschedule installments, extend moratoriums; insurance cos also look to smoothen claims process

Lending rate guidelines to help policy transmission: ICRA

New MCLR, effective April 1, will impact the new borrowers immediately, while some old borrowers with better credit profile would want to shift to the new regime

Moody's lowers Union Bank of India's credit assessment

Moody's said baseline credit assessment of "ba3" reflects the bank's poor asset quality and weak earnings performance

RBI plans to monitor peer-to-peer lending

Several online portals have sprung up in India to facilitate such lending, some even getting private funding from investors

Bandhan Bank plans to boost rural transport, start-ups

Will finance rickshaw-pullers who want to buy mechanised or battery-powered rickshaws

NBFCs are here to stay, says BCG

Says the sector is mastering use of digital surrogate data, in the absence of income proof documents, to improve credit penetration in India

SBI to raise Rs 12,000 crore via bonds

The bank's board has authorised it to raise the money though Basel-III compliant bonds

Tenor based lending rates will ease pressure: Moody's

Tenor-based lending rates will allow banks to price loans more efficiently based on their funding composition and strategies

Lakshmi Vilas Bank gets a new MD & CEO

Parthasarathi Mukherjee, who comes in with nearly 33 years of experience at Axis Bank & SBI, will succeed Rakesh Sharma

Jaitley asks financial players what flood-rehab steps they have taken

Holds talks with LIC, GIC, 27 PSBs, National Housing Bank and 17 private Banks

Illegal remittances racket at BoB minted Rs 6,000 crore?

The masterminds of the racket operating through the bank were allegedly charging Rs 1.35 for every dollar sent abroad from people who wanted to use their services

Ensure aid to Tamil Nadu flood victims: Arun Jaitley

Finance Minister asks banks to ensure tear is wiped off from every eye

MCLR effect: Upto 160 basis points may fall in loan rates

It would also lead to small negative impact on net interest margins

How banks will be impacted in the new lending rate regime

RBI has asked banks to price all new loans sanctioned or renewed from April 2016 based on the Marginal Cost of Funds-based Lending Rate

New lending rate regime from April 1

Banks to compute lending rates under new rules to pass on RBI rate cut benefits to borrowers

Banks, NBFCs: No meaningful impact of ban on diesel vehicles

Segment forms a small part of their loan books, estimate analysts