Page 1065 - Finance News
DCB Bank profit falls 10% at Rs 37 cr
Total income during the July-September quarter of 2015-16 rose to Rs 464.87 crore
 "DCB Bank profit falls 10% at Rs 37 cr")
Now, access corporate banking services on Apple, smartwatch devices
Platform also helps protect banks from commercial risks
 "Now, access corporate banking services on Apple, smartwatch devices")
RBI turns net seller in forex market
Turns net sellers to tune of $1,559 mn compared with net buying of $169 mn in previous month
 "RBI turns net seller in forex market")
 "StanChart's global restructuring to see less impact here")
 "CRISIL downgrades AP State FinCorp's bonds")
FPIs debt limit auction sails smoothly amid higher demand
As per the enhancement for FPIs, RBI will be increasing the investment limit for government securities to Rs 1,79,500 cr by January 1
 "FPIs debt limit auction sails smoothly amid higher demand")
YES Bank gets RBI nod for MF, AMC, trustee firm
Asset management companies and trustee companies will be wholly-owned subsidiaries of YES Bank
 "YES Bank gets RBI nod for MF, AMC, trustee firm")
Restructuring to have limited impact on Standard Chartered India
Maximum impact at top level due to consolidation and job realignment; lower level largely insulated
 "Restructuring to have limited impact on Standard Chartered India")
RBI inks MoU with Bank of Botswana for information exchange
RBI has entered into similar agreements with a few countries to promote greater co-operation
 "RBI inks MoU with Bank of Botswana for information exchange")
Kotak Mahindra Bank's mobile based transactions up by 300 % annually
Bank launches Kotak Bharat App in 7 languages
 "Kotak Mahindra Bank's mobile based transactions up by 300 % annually")
Banks need Rs 5 lakh crore capital for Basel III norms: Study
PSU banks may find it hard to meet norms as a big chunk of funds must be inducted by central govt, which owns majority stake in them
 "Banks need Rs 5 lakh crore capital for Basel III norms: Study")
Yes Bank gets RBI nod for mutual fund, AMC and trustee co
AMC, trustee company to be wholly-owned arms of the bank
Banks over-financed road projects, now crying foul: Vijay Chhibber
Says the problem has been further compounded because banks released large upfront amounts to the developers
 "Banks over-financed road projects, now crying foul: Vijay Chhibber")
FIU imposes Rs 68 lakh fine on banks for failure to file STRs
Suspicious transactions and money laundering in bank branches were brought to light by a sting operation in 2013
 "FIU imposes Rs 68 lakh fine on banks for failure to file STRs")
Bandhan Bank to raise Rs 500 crore from investors by March
Bandhan Bank is the Indian micro-finance entity to becomes a universal bank
 "Bandhan Bank to raise Rs 500 crore from investors by March")
CBI raids Bank of Baroda branch for Rs 6,000-crore forex violations
Lender suspends two officials for collusion; Congress attacks central government
 "CBI raids Bank of Baroda branch for Rs 6,000-crore forex violations")
CBI raids Bank of Baroda branches for Rs 6100 cr black money transfers
Bank officials were allegedly complicit in the remittance of Rs 6,100 crore suspected black money to Hong Kong
 "CBI raids Bank of Baroda branches for Rs 6100 cr black money transfers")
NBFCs' asset quality to stabilise in a year: Moody's
However, their non-performing loan (NPL) ratio might rise due to tighter norms
Housing finance cos gain as much as 9.3% on RBI move
The RBI's decision comes in the wake of all the major banks reducing interest rate on home loans
 "Housing finance cos gain as much as 9.3% on RBI move")
IndusInd Bank Q2 net up 30% to Rs 560 cr
Total income of the lender increased to Rs 3,581.31 crore
 "IndusInd Bank Q2 net up 30% to Rs 560 cr")