Page 1080 - Finance News
Citi looks at India to build banking applications for global market
Launches accelerator programme with IBM, Google, Amazon, Wipro
 "Citi looks at India to build banking applications for global market")
RBI gives extension to banks for issuance of chip, pin based cards
The regulator had said in May that with effect from September 1, all new cards issued should be EMV chip and PIN-based, for enhanced security
 "RBI gives extension to banks for issuance of chip, pin based cards")
Govt bank's Jan Dhan activities are not fully compensated
RBI bats for market-linked compensation for PSB staff
 "Govt bank's Jan Dhan activities are not fully compensated")
Promoters taking advantage of banks in NPA resolution: RBI
The report added that apart from the banks, since no other stakeholders are interested in resolving the case, it delays the resolution further
 "Promoters taking advantage of banks in NPA resolution: RBI")
 "Need better monetary policy transmission: Reserve Bank")
Banks' willingness to cut base rate still muted: RBI
Base rate is benchmark rate to which all loan rates are linked
 "Banks' willingness to cut base rate still muted: RBI")
Govt may pare stakes in some banks to 33%
Boards bureau & investment company steps toward privatisation, says official
 "Govt may pare stakes in some banks to 33%")
ICICI Bank launches mortgage guarantee-backed home loan
Customers can opt for higher loan amount or longer tenure while keeping the EMI same
 "ICICI Bank launches mortgage guarantee-backed home loan")
Corporate bond issuances picking up due to demand for papers of pvt companies
Rise on the back of higher demand for papers of private companies
 "Corporate bond issuances picking up due to demand for papers of pvt companies")
Impaired assets flow to moderate in FY16: ICRA
Flexible restructuring is needed to mask real stress in system, says the rating agency
 "Impaired assets flow to moderate in FY16: ICRA")
Bank NPAs pegged at 8.60% in Odisha
Of the total Rs 90,245 crore advanced to the priority and non-priority sectors as on June, 2015, Rs 7,759 crore loans have turned NPA
 "Bank NPAs pegged at 8.60% in Odisha")
Banks in AP so far disburse Rs 20,000 cr under MUDRA loans
Scheme provides smaller denomination loans with an intention to fund unfunded small businesses upto a limit of Rs 10 lakh
 "Banks in AP so far disburse Rs 20,000 cr under MUDRA loans")
ICICI Bank unveils first guarantee-backed home loan product
The loan can be availed only after paying a one-time mortagage guarantee fee to be paid at the start
 "ICICI Bank unveils first guarantee-backed home loan product")
IDBI to firm up three-year business plan to raise capital
K P Kharat, the new CMD, said the NPAs will not be sold to Asset Reconstruction companies
 "IDBI to firm up three-year business plan to raise capital")
Need to regulate crowdfunding, crypto currency: S S Mundra
RBI Dy Governor cites concerns about consumer protection, grievance redressal, disaster recovery and business stability plans for intermediating electronic platforms
 "Need to regulate crowdfunding, crypto currency: S S Mundra")
RBI approves reappointment of Rana Kapoor as MD & CEO of YES Bank for 3 years
This is the fourth extension that Kapoor has received ever since the bank's inception in 2004
 "RBI approves reappointment of Rana Kapoor as MD & CEO of YES Bank for 3 years")
Draft IFC falls short of addressing concerns, says RBI's Khan
Any exercise to reshape the legislative architecture of financial sector should evolve organically, starting with an reassessment of where the current system has failed, he said
 "Draft IFC falls short of addressing concerns, says RBI's Khan")
Can banks see profit in financial inclusion?
RBI recently granted 11 entities to start payments banks
 "Can banks see profit in financial inclusion?")