Page 1077 - Finance News
Non-competitive bidding in T-bills for retail
RBI, in its annual report last week, said it had allowed the facility to individuals
HDFC Bank rolls out 'Dhanchayat' in Odisha
'Dhanchayat' is an educational film created by the bank to raise awareness on dangers of borrowing from unorganised sector
 "HDFC Bank rolls out 'Dhanchayat' in Odisha")
 "Foreign investors can buy more shares in IndusInd Bank")
Rajan urges world to raise rates
But not at 'one go, big bang'; low investments a problem; don't be scared of volatility: RBI
 "Rajan urges world to raise rates")
SBI to redeem some Tier-II bonds before maturity
Worth Rs 133 crore, these bonds were issued in 2010
 "SBI to redeem some Tier-II bonds before maturity")
Pre-payment issuers petition RBI on payments bank licence issue
To write to regulator s on why they were not given any
 "Pre-payment issuers petition RBI on payments bank licence issue")
Low investments a problem; don't be scared of volatility: RBI
Says overall economic policies of the country will determine their basic growth momentum
 "Low investments a problem; don't be scared of volatility: RBI")
HDFC Bank to add 100 branches in east by FY16
As of June 2015, the number of branches of the bank stood at 4,011 in the country
LVB to seek RBI's permission to increase promoters' holding to 25%
At present, the promoters' shareholding is around 9.54%
 "LVB to seek RBI's permission to increase promoters' holding to 25%")
One-time hit on banks from new base rate norms is Rs 20k cr: CRISIL
Good news for borrowers as base rate could be lower by 50 bps
 "One-time hit on banks from new base rate norms is Rs 20k cr: CRISIL")
UP to install Point of Sales machines at ration shops
Aims to cut pilferage at about 73,328 govt-controlled ration shops in the state serving over 36 mn card holders
 "UP to install Point of Sales machines at ration shops")
Banks turn away from AP MFIs
MFIs operating in AP and Telangana are facing funding constraints, recovery hassles and have hardly added new borrowers
 "Banks turn away from AP MFIs")
RBI will consider deflation while deciding interest rates: Jayant Sinha
Sinha said slow growth, excess capacity, declining population and increase in labour force are responsible for deflationary trend globally
 "RBI will consider deflation while deciding interest rates: Jayant Sinha")
HDFC Bank appoints rural sales officer to expand business, meet PSL requirements
Country's second largest private sector lender aims to quadruple business by FY18
 "HDFC Bank appoints rural sales officer to expand business, meet PSL requirements")
Bank credit grows at 9.5%
Retail loans continue to grow even as lending from the corporates has come down
 "Bank credit grows at 9.5%")
SBI Life, IRDAI case to be heard on Oct 23 in SAT
Pertains to a Rs 275-cr refund order that insurance regulator had passed against life insurer
Rs 20k-cr worth bank transactions hit due to bandh in Odisha
The stir called by the trade unions also impacted the business deals of the state traders
 "Rs 20k-cr worth bank transactions hit due to bandh in Odisha")
Indian banks face broader capital challenges, says Fitch
Says govt capital support crucial for PSBs given shallow domestic additional tier-I market, weak internal capital generation ability
 "Indian banks face broader capital challenges, says Fitch")
What prompted RBI to classify some banks as systemically important?
The BCBS further required all member countries to have a regulatory framework to deal with Domestic Systemically Important Banks (D-SIBs)
 "What prompted RBI to classify some banks as systemically important?")
Why other banks can't flex muscle like HDFC Bank
Till a few years earlier, HDFC Bank's benchmark lending rate was about 50 basis points (bps) more than the marker leader
 "Why other banks can't flex muscle like HDFC Bank")