Page 1062 - Finance News
Need to check flaws in banking system: Rajan
Taking measures to remove the hurdles in the way of implementation of economic reforms, says RBI Governor
 "Need to check flaws in banking system: Rajan")
DBS, South Africa's FirstRand in talks to buy RBS India unit: sources
Financial details of the transaction were not immediately clear, though the deal is pegged at $200 mn
 "DBS, South Africa's FirstRand in talks to buy RBS India unit: sources")
Federal Bank launches local langauge mobile banking
Bank has become first bank in India to enable multi-lingual capability
 "Federal Bank launches local langauge mobile banking")
Payments banks to expand reach of banking in rural areas: World Bank
Says entry of new players is likely to increase competition, lower remittance costs
 "Payments banks to expand reach of banking in rural areas: World Bank")
RBI unveils gold monetisation scheme norms
The minimum deposit shall be raw gold equivalent to 30 grams of gold of 995 fineness
 "RBI unveils gold monetisation scheme norms")
BoB fraud not reflection of systemic problem: Sinha
The FinMinin claims efforts are being taken to close the gaps in the banking system
 "BoB fraud not reflection of systemic problem: Sinha")
More foreign MFs on way out as Nomura plans to exit LIC
The American fund house is the seventh to leave the country
 "More foreign MFs on way out as Nomura plans to exit LIC")
Federal Bank scrip falls on quarterly results
Provisions for few corporate loans that turned bad dragged lender's Q2 net profit down 33%
Proposed banks make a beeline for equity markets
Big institutions plan IPOs, smaller ones seek alternative fundraising
 "Proposed banks make a beeline for equity markets")
HDFC Bank net up 20.5%
Net interest income, the difference between interest earned and expended, rose 21% to Rs 6,681 cr
 "HDFC Bank net up 20.5%")
HDFC Bank: Limited NIM downside from current levels
May cut base rates in on-going quarter. Confident of keeping net interest margin 4.1 to 4.4%
 "HDFC Bank: Limited NIM downside from current levels")
HDFC Bank predicts stronger loan growth after Q2 shine
The bank with its stronger retail business and relatively smaller exposure to project finance, has far fewer bad loans than bigger rivals
ICICI Bank tops mobile banking transactions list
Aims to raise transactions fivefold in FY16 from last year
 "ICICI Bank tops mobile banking transactions list")
HDFC Bank Q2 net up 20% at Rs 2,869 crore, meets estimates
Gross NPA at 0.91% compared to 0.95% q-o-q; NIM at 4.2%
 "HDFC Bank Q2 net up 20% at Rs 2,869 crore, meets estimates")
RBI stresses on shared infrastructure for payments banks
Sharing resources and ensuring functional interoperability will keep costs in check for payments banks
Yes Bank cuts savings a/c interest rate by 1% to 6%
The reduced rate will be applicable from November 1, 2015
 "Yes Bank cuts savings a/c interest rate by 1% to 6%")
Yes Bank cuts interest rate on saving a/c to 6 pc
The bank had raised interest rate on savings deposit to 7 per cent in 2011
YES Bank cuts savings bank interest rate to 6%
The bank had raised interest rate on savings deposit to 7 per cent in 2011
NBFCs going slow on lending rate cuts due to tepid credit growth
Of late, base rate or minimum rate at which banks lend have come down by 55 to 70 basis points
 "NBFCs going slow on lending rate cuts due to tepid credit growth")
RBI to provide more bank licences, says Mundra
IDFC and Bandhan Financial Services emerged successful out of 25 contenders for universal bank licences issued by the RBI in April last year
 "RBI to provide more bank licences, says Mundra")