Page 1055 - Finance News
Banks reporting lower NPA numbers: ICRA
Says 5/25 scheme helps them mask the extent, says stressed assets formation remains high; cautious on impact of plan to restructure power discom loans
 "Banks reporting lower NPA numbers: ICRA")
EPFO not to announce interest rates for FY16 at its CBT meeting
The CBT is chaired by Union labour minister Bandaru Dattatreya and includes members from the trade unions, industry representatives and govt officials
 "EPFO not to announce interest rates for FY16 at its CBT meeting")
Lenders to bring in investors for Gammon India
To recover Rs 10,000-crore debt; EY advisor for the exercise
 "Lenders to bring in investors for Gammon India")
 "FM asks PSBs to clean up balance sheets")
Standard Chartered reopens Japan desk in Chennai
This will help deepen the bank's relationship with the senior management teams of Japanese companies based in Chennai
 "Standard Chartered reopens Japan desk in Chennai")
Citi to offer Swift's services to Indian firms
Using Swift, corporate treasurers can use a single channel for communication with all domestic and global banks
 "Citi to offer Swift's services to Indian firms")
Standard Chartered reopens Japan desk in Chennai
The desk will provide detailed guidance on foreign direct investment and mergers and acquisitions
 "Standard Chartered reopens Japan desk in Chennai")
Banks have all powers to deal with wilful defaulters: Jaitley
NPAs of Public Sector Banks rose to 6.03% at the end of June, as against 5.20% in March this year
 "Banks have all powers to deal with wilful defaulters: Jaitley")
Stress on banks to ease post resolution of sectoral issues, says Arun Jaitley
'The problems continue, but the banks' NPAs situation will improve,' the finance minster said
PSBs to coordinate with DFS, Revenue department: Jaitley
Jaitley says NPA levels unacceptable, calls it problem from past; adds discom reforms will reduce stress
 "PSBs to coordinate with DFS, Revenue department: Jaitley")
Foreign inflow boost for alternative investment funds
Move to allow overseas flows into AIFs and ReITs through automatic route will lead to fresh flows, say experts
 "Foreign inflow boost for alternative investment funds")
SBI tags Mallya, his 2 firms as wilful defaulters
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
 "SBI tags Mallya, his 2 firms as wilful defaulters")
FM to meet PSB heads to discuss NPAs, rate cut
Performance review meeting will also take stock of credit flow to productive sectors to spur economy
 "FM to meet PSB heads to discuss NPAs, rate cut")
Axis Bank enters Bangladesh, opens representative office in Dhaka
The bank aims to leverage the growing economic integration between the two countries
 "Axis Bank enters Bangladesh, opens representative office in Dhaka")
 "Unfair to blame China for any currency war, says Rajan")
FinMin considers allowing more pension funds in equities
At present, PFRDA is allowed to invest 15% in the stock market
 "FinMin considers allowing more pension funds in equities")
Doha Bank to roll out more branches in India, awaits RBI approval
The bank's current exposure in India is about $2.3 bn and it expects to increase it to $5 bn over the next three years
 "Doha Bank to roll out more branches in India, awaits RBI approval")
Lenders to grounded Kingfisher Airlines to auction some assets
The Vijay Mallya-promoted airline stopped flying three years ago and owes Rs 6,963 crore to various lenders
 "Lenders to grounded Kingfisher Airlines to auction some assets")
First rupee-denominated ETF listed on LSE
The fund constitutes one bond each from AAA-rated firms such as Indian Railways and Rural Electrification Corp
 "First rupee-denominated ETF listed on LSE")
Investors will need approval to buy 5% in banks: RBI
The central bank seeks to tighten the criteria for ownership of lenders
 "Investors will need approval to buy 5% in banks: RBI")