Page 1061 - Finance News
Now, Citibank begins online disbursal of loans
Bank looking at extending scheme to non-Citibank customers
 "Now, Citibank begins online disbursal of loans")
Banking, financial services sector to spend Rs 49,900 cr on IT: Gartner
In 2014, the banking and securities firms spent Rs 45,500 cr on IT products and services
 "Banking, financial services sector to spend Rs 49,900 cr on IT: Gartner")
Excluding provisions in Q2, we could have made profit: IDFC
On Saturday, IDFC posted a net loss of Rs 1,468 cr on the back of increased provisioning
 "Excluding provisions in Q2, we could have made profit: IDFC")
Gold monetisation scheme to help cut loan rates
Leading gold finance companies planning special packages to cash more business
 "Gold monetisation scheme to help cut loan rates")
Moody's upgrades Indian banking sector outlook to stable
Moody's had assigned a negative outlook to the Indian banking system in November 2011
 "Moody's upgrades Indian banking sector outlook to stable")
Moody's upgrades outlook on Indian banks to stable from negative
Cites improvement in operating environment, stable asset risk and capital scenario
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")