Page 1054 - Finance News
Union Bank ties up with Maharashtra for OTC tax collection
The facility of collecting taxes and dues will be provided at all of the bank's 500 branches across the state
 "Union Bank ties up with Maharashtra for OTC tax collection")
Sebi to clear framework on green bonds
Board meets on Monday; move aimed at encouraging domestic listing of such bonds
 "Sebi to clear framework on green bonds")
Trivitron Healthcare founder GSK Velu to launch Rs 400 crore fund early 2016
The PE fund will look at growth investments and start-ups in healthcare and life sciences
 "Trivitron Healthcare founder GSK Velu to launch Rs 400 crore fund early 2016")
IFC plans to invest $60 million in Tata Capital Housing
The investment will involve an IFC subscription of up to the rupee equivalent of $60 million (about Rs 390 crore) to a secured NCD
 "IFC plans to invest $60 million in Tata Capital Housing")
Market verdict: Rajan to hold interest rate
Market players see no change in CRR either, expect RBI to wait for Fed move
 "Market verdict: Rajan to hold interest rate")
More industrial demand, lower interest rates can improve banks' asset quality: S&P
The agency said risks from economic imbalances were expected to be low for 12 months at least
 "More industrial demand, lower interest rates can improve banks' asset quality: S&P")
Bandhan Bank starts disbursing loans
All loans linked to 12% base rate, which is much higher than other banks'
 "Bandhan Bank starts disbursing loans")
Sovereign Gold Bond scheme launch postponed to Nov 30
The delay is to enable the smooth uploading of applications into RBI's e-Kuber system
 "Sovereign Gold Bond scheme launch postponed to Nov 30")
HDFC Bank launches Rs 30 cr marketing campaign
As part of the campaign the bank has launched 'sonic branding' or a musical logo
 "HDFC Bank launches Rs 30 cr marketing campaign")
RBI extends Sovereign Gold Bonds issue to November 30
The scheme, so far, has generated lukewarm response, with bankers pegging the overall collections at Rs.150 crore
SKS Microfinance adopts mobile solution for loan transactions
The technology has cut the time on loan processing and disbursal, while increasing data security
 "SKS Microfinance adopts mobile solution for loan transactions")
Six PSBs to submit recovery plans
Finance ministry asks lenders for specific programme
 "Six PSBs to submit recovery plans")
Bank unions defer two-day strike temporarily
Conciliation meeting has been called; duties & powers of staff, allowances, working hours among the issues discussed in the recent bipartite settlement
 "Bank unions defer two-day strike temporarily")
Axis Bank, NSE-Sidbi combine to run trade receivable systems
It will allow SMEs to post their receivables on the system and get them financed
DBS to focus on affordable housing segment in the run up to set up a subsidiary in India
May look at an acquisition of the portfolio or a tie-up with another lender
 "DBS to focus on affordable housing segment in the run up to set up a subsidiary in India")
Momentum for India's economic growth to stay on course: SBI index
Manufacturing and electricity is driving the economy while mining segment gathers steam, says the index
Credit Suisse sets up centre of excellence in country
To ramp up its India headcount from 2,600 to 4,000
 "Credit Suisse sets up centre of excellence in country")
Vijaya Bank seeks Rs 5,000 crore from Centre under capital infusion plans
The bank will also issue bounds under Tier 2 capital to collect Rs 3,000 crore
 "Vijaya Bank seeks Rs 5,000 crore from Centre under capital infusion plans")
Federal Bank ties up with Edelweiss
EICML is one of the leading collateral management service providers with a pan-India presence
 "Federal Bank ties up with Edelweiss")
BoI to issue 20 mn shares to LIC
After the issuance of shares, LIC's stake in bank would rise to 14.69% from 12.54%