Page 1066 - Finance News
RBI cuts risk weight for individual home loans
If LTV for loans is between 80-90%, risk weight would be 50%
 "RBI cuts risk weight for individual home loans")
RBI on booking of forwards contracts
Norms for firms that have actual or anticipated forex exposures to book forex forward and foreign currency
 "RBI on booking of forwards contracts")
 "Financial inclusion need not be pushed beyond a point: Rajan")
RBI says risk weight for foreign sovereign bonds also applicable for foreign central banks
Those below investment grade (BB to B, Ba to B) will have 100 per cent risk weight while those below B will have 150 per cent risk weight
 "RBI says risk weight for foreign sovereign bonds also applicable for foreign central banks")
 "ICICI Bank's mVisa service")
Axis Bank's apps for corporate clients
Will allow bank to grow its corporate client customer base
 "Axis Bank's apps for corporate clients")
Bandhan Bank to add 105 branches
The bank, which started operations on August 23, has 523 branches at present
 "Bandhan Bank to add 105 branches")
In a first, Kotak launches an offline funds transfer facility
The initiative allows customers to transfer up to Rs 2,500 per day
 "In a first, Kotak launches an offline funds transfer facility")
Dry spell for banks to continue as poor rains hit agri loans
Reports say that the worst affected areas will be those where monsoon deficit has been over 20 per cent
 "Dry spell for banks to continue as poor rains hit agri loans")
Banks to face RBI heat for not passing on base rate cut benefit
Central bank sees action as discriminatory, unfair
 "Banks to face RBI heat for not passing on base rate cut benefit")
Bank earnings preview: Asset quality pressure to ease
Treasury gain to boost earnings but profitability of PSBs to remain under pressure
 "Bank earnings preview: Asset quality pressure to ease")
 "DHFL reduces lending rate")
HDFC Bank rolls out its largest brand campaign
To position itself as a digital bank; move follows Aditya Puri's Silicon valley visit
 "HDFC Bank rolls out its largest brand campaign")
Hinduja Leyland gets housing finance licence
To start operations within a week, reach book size of Rs 700 cr by March 2016
 "Millennials buy insurance for family covers")
ICICI Bank increases spread on new home loans by 10 bps
With this change, the interest rate on home loans has come down to 9.65% for new borrowers and 9.6% for women borrowers
RBI pulls up bosses for IOB mess
Appointments made by NDA govt after cancelling UPA proposals
 "RBI pulls up bosses for IOB mess")
Bajaj Finance gets nod for housing finance firm
The company had applied for a licence to NHB through its subsidiary Bajaj Housing Finance last year
 "Bajaj Finance gets nod for housing finance firm")
SBI's $300-mn credit line with Germany's KFW
Funds will be used for on-lending to rural & micro sectors; loan has maturity of 15 years
 "SBI's $300-mn credit line with Germany's KFW")