Page 1073 - Finance News
HDFC Bank to disburse loans in nano seconds
Loans will be offered as a top-up on existing car or two wheeler loans
 "HDFC Bank to disburse loans in nano seconds")
 "Common sense says interest rates should come down: Jaitley")
IDFC to unveil brand logo of new bank on Sept 24
IDFC Bank will be beginning operations from Oct 1
 "IDFC to unveil brand logo of new bank on Sept 24")
Rates should come down, but RBI final authority: Jaitley
Arun Jaitley said monetary policy plays an important role in stimulating growth and is hopeful that the central bank will appropriately act with a sense of responsibility on this front
 "Rates should come down, but RBI final authority: Jaitley")
Capital Local Area bank eyes FY17 to start off as small bank
The Jalandhar-based bank plans to raise its net worth to Rs 120 cr by the end of this fiscal
 "Capital Local Area bank eyes FY17 to start off as small bank")
Denial of small bank licence won't hurt SKS Microfinance
RBI, on September 16, granted in-principle approval to 10 entities for setting up small finance banks
CARE downgrades Dhanlaxmi Bank's tier II bonds
Continuing losses, falling asset quality remain trouble spots
 "CARE downgrades Dhanlaxmi Bank's tier II bonds")
IDFC gets RBI nod for using Rs 2,500 cr reserve as provision
With these additional provisions, IDFC's net worth will reduce by approximately Rs 1,600 crore
 "IDFC gets RBI nod for using Rs 2,500 cr reserve as provision")
Muthoot Finance to raise Rs 250 crore via NCD
This is 13th NCD offer from Muthoot Finance with investment tenors ranging from 400 days to 60 months
 "Muthoot Finance to raise Rs 250 crore via NCD")
 "RBI might cut repo 25 bps this month: BS Poll")
Amid rate cut chorus, Rajan warns against quick fixes
RBI governor says taming inflation remains his key focus
 "Amid rate cut chorus, Rajan warns against quick fixes")
Bandhan adds 500,000 customers since start
It began operations as a bank on August 23, with a customer base of 7.8 mn, this is now 8.3 mn
 "Bandhan adds 500,000 customers since start")
SKS shares plunge after small bank license setback
Stock was also downgraded by multiple brokerages including Morgan Stanley, Religare and Philip Capital
 "SKS shares plunge after small bank license setback")
SBI, YES Bank expect rate cut
The RBI governor has said that US Federal Reserve holding rates won't impact its decision
 "SBI, YES Bank expect rate cut")
SBI expects improvement in asset quality this quarter
At the end of the quarter ended June 2015, SBI's gross NPA ratio was 4.29%
 "SBI expects improvement in asset quality this quarter")
Banks waiting for cost of funds to fall: Rajan
Says delay in cuts due to wait for longer-term deposit rates to come down, as also for credit growth in general to pick up
 "Banks waiting for cost of funds to fall: Rajan")
 "Environment favourable for policy action by RBI, says Jayant Sinha")
Is this the beginning of the end for SKS Microfinance?
Not getting a banking licence would have limited immediate impact on the operations of SKS, but over the long run it will affect its growth and profitability
 "Is this the beginning of the end for SKS Microfinance?")
Stressed assets likely to come down: SBI
Expects asset quality in terms of slippages and recoveries in the current quarter to be better than last quarter
 "Stressed assets likely to come down: SBI")
We'll continue doing what we are doing regardless of US Fed decision: RBI Governor
Rajan said consumer inflation eased to a record low of 3.66% in August due to a favourable base effect or else it would have been in mid-5% range
 "We'll continue doing what we are doing regardless of US Fed decision: RBI Governor")