Page 1061 - Finance News
India's external borrowings drop to five-year low
The September borrowings dropped by 17.7% to $2.6 bn
 "India's external borrowings drop to five-year low")
Money laundering scam turns out murkier than expected
Exchequer hit due to higher duty drawback, less Customs duty
 "Money laundering scam turns out murkier than expected")
Short-term corp bonds: RBI hints at re-looking at ban on FIIs
Khan however was quick to add that no view has been taken so far and that the central bank is looking at the matter
 "Short-term corp bonds: RBI hints at re-looking at ban on FIIs")
BoB: RBI may invoke bilateral pact for info from Hong Kong
RBI scanner on loopholes in systems at BoB
 "BoB: RBI may invoke bilateral pact for info from Hong Kong")
P K Gupta to be elevated as SBI managing director
The appointment of the 1960-born Gupta is for a period of over four years (till March 2020), according to a notification
RBI to notify sovereign gold bond scheme soon
Apart from bonds, other schemes include gold monetisation and selling of gold coins
 "RBI to notify sovereign gold bond scheme soon")
ICICI Bank best private bank in India: Global Finance
J.P.Morgan Private Banking has been nominated as best private bank in world
 "ICICI Bank best private bank in India: Global Finance")
IFSC at GIFT City begins operations with Yes Bank unit launch
Four more banks - SBI, IDBI Bank, IndusInd Bank and Federal Bank - have received final approval from the RBI and are going to commence operations shortly at GIFT
 "IFSC at GIFT City begins operations with Yes Bank unit launch")
Axis Bank Q2 profit up 19%, meets estimates
Bad loans stable, gross NPA almost flat at 1.38%
 "Axis Bank Q2 profit up 19%, meets estimates")
Yes Bank operationalises IFSC banking unit in GIFT City
Unit will give bank access to global markets and provide a complete product suite for its corporate clients' forex needs
 "Yes Bank operationalises IFSC banking unit in GIFT City")
HDFC Bank reduces its ATM network
Bank cites change in customer behaviour and shift of banking transactions towards digital payments
 "HDFC Bank reduces its ATM network")
Major PSBs seek tie-up with new lenders as competition brews for rural banking
SBI says it's open to tie-ups with payments banks; Bandhan garners Rs 2,200 crore in two months
 "Major PSBs seek tie-up with new lenders as competition brews for rural banking")
RBI lens on outward remittances
Money sent abroad rises sharply in July; maintenance of close relatives, education expenses top the chart
 "RBI lens on outward remittances")
Alok Industries & Parekh Aluminex add to Federal Bank's NPA issues
Apart from these two there were three other corporate accounts that slipped into NPA
 "Alok Industries & Parekh Aluminex add to Federal Bank's NPA issues")
Bank unions threaten indefinite strike in December
Unions want associate banks to be de-linked from SBI
 "Bank unions threaten indefinite strike in December")
Online ordering of products on credit a possibility, says Rajan
Governor also says two-stage verification for card transactions might go; RBI in process of setting up IT arm
 "Online ordering of products on credit a possibility, says Rajan")
Gold monetisation scheme won't work for short-term deposits, say bankers
Bankers say they would be able to offer an interest rate of 1-2 per cent on short-term gold deposits
 "Iyer gets additional charge at Citibank")