Page 1052 - Finance News
Chennai rains: ICICI Bank not to fine EMI, credit card payment delays
Bank will also waive off charges for cheque bounce for November
 "Chennai rains: ICICI Bank not to fine EMI, credit card payment delays")
SBI to become aggressive to take on competition: Bhattacharya
Largest public sector lender will offer more digital products and ramp up business correspondents model
 "SBI to become aggressive to take on competition: Bhattacharya")
Banks on takeover drive of defaulting companies
Gammon, IVRCL latest to join strategic debt restructuring list
 "Banks on takeover drive of defaulting companies")
SBI holds overseas bond issuance plan
Increased volatility in global financial markets is not conducive to appropriate pricing of proposed bonds, said Jayant Sinha
 "SBI holds overseas bond issuance plan")
RBI cancels licences of 56 NBFCs
RBI had tightened rules for NBFCs in November 2014, to bring their norms in line with those of banks
 "RBI cancels licences of 56 NBFCs")
Falling rupee bad news for Indian cos
The rupee's fall against the dollar is bad news for companies which have increased their exposure to foreign currency loans in recent years
 "Falling rupee bad news for Indian cos")
HDFC Bank sees green shoots as Indian companies borrow again
In an interview Aditya Puri said that companies have started borrowing and spending again
 "HDFC Bank sees green shoots as Indian companies borrow again")
Chennai floods take their toll to banks, ATMs
People left with less cash as bank branches, cash booths not working
 "Chennai floods take their toll to banks, ATMs")
Axis Bank looks Northeast for a promising market
Bank's retail banking head says Northeast market had been a profitable market
 "Axis Bank looks Northeast for a promising market")
RBI's tricky strategy to ease market's pre-Fed jitters
The central bank is agreeing to pay higher rates at bond auctions while also buying bonds in the open market to stop yields rising too much
 "RBI's tricky strategy to ease market's pre-Fed jitters")
StanChart warns errant Indian borrowers of tough action: Report
The bank's India unit has seen a sharp spike in loan losses in the last couple of years, denting its global balance sheet
 "StanChart warns errant Indian borrowers of tough action: Report")
Dena Bank to raise equity, slash govt stake to 52%
To issue basel III complaint bonds for Rs 2,500 cr
 "Dena Bank to raise equity, slash govt stake to 52%")
FDI companies' sales growth dipped to 10.2% in FY14: RBI
Growth in total borrowings of select FDI companies increased to 14.3 per cent in FY14 from 11.2 per cent in FY13
 "FDI companies' sales growth dipped to 10.2% in FY14: RBI")
HDFC Bank's mobile recharge via missed call
For this, customers would need to register their numbers with the lender and authorise the amount by which they want to get their phone recharged
 "HDFC Bank's mobile recharge via missed call")
Draft norms on marginal cost of fund not feasible: SBI
Repo rate in the Indian context is a blunt instrument, says Bhattacharya
Bond yields slump on RBI's OMO plan to infuse liquidity
RBI announced bond purchases of up to 100 billion rupees ($1.50 billion) to infuse liquidity into the banking system
Banks await rules for marginal cost-based pricing
Revised small-savings rate regime to weigh on decisions
 "Banks await rules for marginal cost-based pricing")
Banks in talks with temple trusts to push gold scheme
Tax clarity on monetisation likely this week
 "Banks in talks with temple trusts to push gold scheme")
RBI steps in to address liquidity deficit
While the repo rate auction will take place on Friday, OMO purchase will be done on Monday