Page 1060 - Finance News
SBI chief wants teaser loans back, ICICI Bank differs
ICICI Bank is not open to the idea saying standard rates are better
 "SBI chief wants teaser loans back, ICICI Bank differs")
HFCs lending below base rate gives them unfair edge: SBI
Banks aren't allowed to lend below benchmark; SBI bats for teaser loans, ICICI says no
 "HFCs lending below base rate gives them unfair edge: SBI")
Paytm to use customer base for payments bank
To have 500 million customers by 2020; in talks with banks, NBFCs for partnership
 "Paytm to use customer base for payments bank")
ICICI Bank to sell 9% more in general insurance arm for Rs 1,500 cr
Fairfax's stake will rise to 35%; Kochhar rules out IPO
 "ICICI Bank to sell 9% more in general insurance arm for Rs 1,500 cr")
Gold bond scheme to be launched on Thursday
The scheme has been planned well, keeping long-term investors' interest in mind
 "Gold bond scheme to be launched on Thursday")
ICICI Bank net up 12% on retail loan growth
Bank's overall credit up 17% despite muted corporate loans; Retail loans also bettered industry growth of 16-17%
 "ICICI Bank net up 12% on retail loan growth")
Karnataka Bank Q2 profit up 16% to Rs 102 cr
Gross NPAs registered a declining trend with Rs 1,044 cr
 "Karnataka Bank Q2 profit up 16% to Rs 102 cr")
Kotak Mahindra Bank net profit up 31% at Rs 942 cr
Asset quality of the bank remained stable on a sequential basis though it worsened on a year-on-year basis
 "Kotak Mahindra Bank net profit up 31% at Rs 942 cr")
ADB, IFMR Capital partner with IndusInd Bank to lend to Indian MFIs
Guarantee from ADB and IFMR to cover default risk of selected MFIs at agreed ratio
 "ADB, IFMR Capital partner with IndusInd Bank to lend to Indian MFIs")
ICICI Bank Q2 net up 12%, in line with estimates
Gross NPA at 3.77% compared to 3.68% q-o-q
Kotak Bank Q2 net profit at Rs 942 crore
Consolidated total income stood at Rs 6,729 crore for the second quarter of the current fiscal
ADB, IFMR Capital partner with IndusInd Bank to lend to Indian MFIs
ADB and IFMR will cover default risk of selected MFIs at agreed proportions
 "ADB, IFMR Capital partner with IndusInd Bank to lend to Indian MFIs")
Funds raised via corporate bonds at record high
Data from Sebi show companies raised Rs 2.43 lakh cr in April-Sept
 "Funds raised via corporate bonds at record high")
Banking frauds: CVC, CBI, ED draw up plan for recovery
CVC told RBI to scan forex deals in single account with total value above $100,000
 "Banking frauds: CVC, CBI, ED draw up plan for recovery")
National Pension System opened up for NRIs
Subscriptions should be made through normal banking channels
 "National Pension System opened up for NRIs")
 "SFIO probes 10 firms in BoB case")
NBFCs lure depositors with higher returns
Give 0.5% higher returns than domestic term deposits of banks
 "NBFCs lure depositors with higher returns")
Bank credit grows 9.5% to Rs 68 lakh-cr
Deposits increased slightly faster at 11% to Rs 91 lakh-cr
Oriental Bank to raise Rs 1,000 cr via Tier-II bonds
ICRA downgrades outlook on long term ratings to "negative"
 "Oriental Bank to raise Rs 1,000 cr via Tier-II bonds")
Barclays names former JP Morgan banker as new chief executive
The 58-year-old American will take up his new role on December 1, the bank announced in a statement
 "Barclays names former JP Morgan banker as new chief executive")