Page 1051 - Finance News
SBI to extend Rs 500 cr worth home loans in Odisha
Public sector lender had advanced home loans worth Rs 400 cr in 2014-15
 "SBI to extend Rs 500 cr worth home loans in Odisha")
Raghuram Rajan tightens screws, but banks can still disguise bad debt
Strategic debt restructuring (SDR), meant to help lenders tackle bad debts, is instead helping to camouflage the scale of the problem
 "Raghuram Rajan tightens screws, but banks can still disguise bad debt")
As Rajan tightens screws, banks can still disguise bad debts
India's banks are grappling with more than $110 billion of corporate stressed debt
 "As Rajan tightens screws, banks can still disguise bad debts")
Government needs to nurture the green shoots, say bankers
Say the pace would really pick up as and when the govt started awarding big-ticket contracts
 "Government needs to nurture the green shoots, say bankers")
BS Banking Round Table: 'We are disrupting the disruptors'
Tech firms can't become banks but we are already tech players, say banks
 "BS Banking Round Table: 'We are disrupting the disruptors'")
BS Banking Round Table: Corporate distress needs some hard decisions
Five leading bankers say government spending is essential to revive growth and that banks are responding well to the technology-led disruption
COP21: YES Bank to mobilise $5 bn for climate action by 2020
To use lending, investing and raising capital towards mitigation, adaptation and resilience tools
 "COP21: YES Bank to mobilise $5 bn for climate action by 2020")
IRFC's bonds subscribed 2.4 times
IRFC has permission to raise upto Rs 10,000 cr through tax free bonds
 "IRFC's bonds subscribed 2.4 times")
RBI mulls swapping debt for equity
RBI Deputy Governor S S Mundra said on Tuesday it was too soon to write off the debt-for-equity swap tool as a failure
 "RBI mulls swapping debt for equity")
Banks offer OD facility to 49 lakh a/c holders: Arun Jaitley
Overdraft facility is granted to an earning member of the family on certain condition
 "Banks offer OD facility to 49 lakh a/c holders: Arun Jaitley")
Banks, financial firms game for India Post venture
Consultant for the payments bank will be finalised by next month
 "Banks, financial firms game for India Post venture")
Chambal Fertilisers to raise Rs 6,673 cr
RBI data show, Indian firms raised Rs 2,114 crore in October through the ECB route
 "Chambal Fertilisers to raise Rs 6,673 cr")
RBI buys bonds worth Rs 10,000 cr through OMO
Total amount offered by participants in the auction for four bonds were at Rs. 54,413.30 crore
IDFC Bank ties up with TCS for core banking solutions
The bank had started operations on Oct 1 this year with 23 branches, powered by TCS BaNCS
 "IDFC Bank ties up with TCS for core banking solutions")
Bihar govt to move RBI on banks not opening targeted branches
Against a target set to open 527 new branches in the state in the current financial year, only 166 branches had been opened so far
 "Bihar govt to move RBI on banks not opening targeted branches")
Dynamic base-rate pricing to help new borrowers
RBI to allow computation of banks' base rates on the basis of marginal cost of funds
 "Dynamic base-rate pricing to help new borrowers")
SBI looks to list subsidiaries to raise capital
Might look at listing its subsidiaries in life insurance and cards segments
 "SBI looks to list subsidiaries to raise capital")
Green shoots for MFIs in Andhra as borrowers seek to clear dues
Close to Rs 6,000 crore of bad loans had accrued in the state, as MFIs were unable to go for fresh recovery
 "Green shoots for MFIs in Andhra as borrowers seek to clear dues")
Freeing small savings rates easier said than done, experts say
Linking interest rate on small savings schemes to market rates could be borderline impossible, for now
 "Freeing small savings rates easier said than done, experts say")
Banks in Chennai deploy boats to dispense cash
few banks to dispense with penalties on EMI delayed payments
 "Banks in Chennai deploy boats to dispense cash")