Page 1050 - Finance News
Indian banks will get more resilient despite bad debt: Moody's
The reason why most Asia-Pacific banks have stable outlook is the strength of their loss-absorbing buffers
 "Indian banks will get more resilient despite bad debt: Moody's")
DCB Bank cuts base rate by 15 bps to 10.7%
The bank also revised downwards its benchmark prime lending rate (BPLR) by a similar margin to 17.95%
 "DCB Bank cuts base rate by 15 bps to 10.7%")
Once hot, India bond markets turn vulnerable ahead of Fed decision
Traders are calling on the RBI to intervene by buying bonds via open market operations
 "Once hot, India bond markets turn vulnerable ahead of Fed decision")
Bank mergers have to be focused and strategic: RBI
A merger for the sake of merger really would not serve the intended purpose, further said the central bank
 "Bank mergers have to be focused and strategic: RBI")
SBI to audit its HR systems, practices
For the first time the bank is conducting employee engagement survey
 "SBI to audit its HR systems, practices")
PSU banks register 1,624 FIRs against wilful defaulters
Canara Bank leads the chart by filing 225 FIRs with outstanding amount of Rs 1,031 crore
 "PSU banks register 1,624 FIRs against wilful defaulters")
Federal Bank sells stressed loans of GOL Offshore
GOL Offshore is a key player in offshore oilfield service segments in country
 "Federal Bank sells stressed loans of GOL Offshore")
RBI ready to tackle any impact of Fed rate hike, says Rajan
According to Rajan's estimates, the rate hike will not be more than 25 basis points (bps).
 "RBI ready to tackle any impact of Fed rate hike, says Rajan")
RBI expects US Fed to raise rate by up to 0.25%
Raghuram Rajan said that India is prepared for any eventuality
Wilful defaulters to repay over Rs 64,300 cr to banks: Govt
Jayant Sinha said that there have been 7,265 defaulters at the end of September
 "Wilful defaulters to repay over Rs 64,300 cr to banks: Govt")
Looking at bank powers to tackle stressed assets: RBI
India's banks, grappling with more than $110 billion of stressed loans, are facing criticism over their use of SDR
 "Looking at bank powers to tackle stressed assets: RBI")
Bhushan, Yadav want White Paper on PSB loans
Demand setting up of SIT to probe irregularities
 "Bhushan, Yadav want White Paper on PSB loans")
Allahabad Bank's profitability to be hit in FY16: ICRA
High credit costs, provision of NPA sale to ARCs weigh on books
 "Allahabad Bank's profitability to be hit in FY16: ICRA")
RBI specifies SLR reduction pathway
Central bank had announced the decision in Sept 2015
 "RBI specifies SLR reduction pathway")
Govt's Rs 70k-cr booty for PSBs inadequate: Fitch
Can't meet loan growth, Basel-III, buffer for NPA goals simultaneously
 "Govt's Rs 70k-cr booty for PSBs inadequate: Fitch")
Banks refuse FinMin's request to reduce interchange fee
Interchange fee is amount one bank charges another if its consumer uses ATM of non-home bank
 "Banks refuse FinMin's request to reduce interchange fee")
Aye Finance raises Rs 20 crore from Accion and SAIF Partners
Investors include Accion and SAIF Partners; funds to help provide MSMEs with expanded access to financing
 "Aye Finance raises Rs 20 crore from Accion and SAIF Partners")
November inflation seen above 5%, room for rate cuts narrows
India's retail inflation rate likely rose above the RBI's medium-term 5% target in November as food prices climbed
 "November inflation seen above 5%, room for rate cuts narrows")
RBI decides to intervene in rupee futures market
One of the few central banks to make this an exchange rate management tool
Small finance banks: New AIF norms a relief
Licensed entities' task of raising their domestic equity holding eased by loosened definition of domestic vehicle
 "Small finance banks: New AIF norms a relief")