Page 1068 - Finance News
SBI cuts home loan rates only by 15-20 bps
Its base rate cut was 40 bps; hints at further easing based on competition
 "SBI cuts home loan rates only by 15-20 bps")
 "HDFC raises over Rs 10,000 cr through securities")
Union Bank cuts base rate by 35 bps
The new rate will be effective from Monday
 "Union Bank cuts base rate by 35 bps")
Banks want bad loan mismatch disclosure postponed till 2018
The move is aimed at bringing greater transparency in reporting the financial numbers
 "Banks want bad loan mismatch disclosure postponed till 2018")
RBI's rate cut makes meagre impact on corporate bonds
However, govt bond yields dropped sharply by nearly 20 basis points
 "RBI's rate cut makes meagre impact on corporate bonds")
Govt to register postal bank by year-end
According to sources, approval from NITI Aayog will be secured by mid-October
 "Govt to register postal bank by year-end")
IDFC Bank sets base rate at 9.5%
The bank's base rate is much lower than several of its peers like YES Bank (10.25%) and Bandhan (12%)
 "IDFC Bank sets base rate at 9.5%")
ICICI Bank reduces base rate by 35 bps
The revised rate of 9.35% will be effective October 5
 "ICICI Bank reduces base rate by 35 bps")
IDFC Bank goes live with 23 branches
The bank has started operations in corporate and wholesale banking, rural banking and treasury verticals as part of the launch
 "IDFC Bank goes live with 23 branches")
20 entities get RBI nod for financial grant from DEA fund
The entities have been selected out of 90 applications received for registration
 "20 entities get RBI nod for financial grant from DEA fund")
DIPP notifies automatic FDI route for white-label ATMs
Allows foreign investment up to 100% in While Label ATM operations under automatic route
 "DIPP notifies automatic FDI route for white-label ATMs")
Central bank voices reservation over 100% FDI in private banks
Currently, 74% FDI is permitted in pvt banks, of which up to 49% is allowed under automatic route and beyond that through FIPB nod
 "Central bank voices reservation over 100% FDI in private banks")
HDFC set to raise Rs 10k crore via issue of warrants, NCDs
The warrants and debentures are being issued only to qualified institutional buyers
Sebi hikes overseas investment limit for VCs from 10% to 25%
Caveat: enhanced limit applies to offshore funds having an Indian connection; they cannot invest in a JV or a wholly-owned subsidiary entity abroad
 "Sebi hikes overseas investment limit for VCs from 10% to 25%")
Kotak Mahindra, YES Bank cut base rate by 25 bps
New rates to come into effect from October 5
 "Kotak Mahindra, YES Bank cut base rate by 25 bps")
7 things to know about IDFC Bank
The new private-sector lender launched its operations on Thursday
More banks join rate cut bandwagon
BoB, PNB, Axis, UCO, OBC cuts base rate; ICICI Bank yet to take a call
 "More banks join rate cut bandwagon")
Banks to book gains in treasury portfolio
The yield on the 10-year benchmark bond has dropped by a sharp 32 bps during the quarter, compared with a rise of 12 bps during the financial year's first quarter
Naina Lal Kidwai to step down as HSBC India chairman
Wants to spend more time in the areas of women empowerment and water and sanitation
 "Naina Lal Kidwai to step down as HSBC India chairman")