Page 1081 - Finance News

Four foreign banks apply to set up subsidiaries in India

RBI says foreign banks will also be permitted to acquire local private banks

Govt to infuse Rs 5,393 cr in SBI; IOB, UBI to also get funds

Earlier this month, the government had decided to infuse a total of Rs 20,088 crore in 13 public sector banks

CD ratio falls 7.30% in Odisha in Q1

State level bankers committee report has attributed the reason of fall in CD ratio to low growth in advance portfolio

IOB fixes issue price at Rs 41.37 per share

Bank would allot 48,56,17,597 equity shares on the issue price

Rana Kapoor gets fresh 3-year term as Yes Bank chief

The reappointment of Kapoor will come into effect from September 1, 2015

Despite rising NPAs, PNB, IDBI not to sell bad loans to ARCs

There are more innovative ways to deal with NPAs than an outright sale to ARCs, said PNB MD and chief executive

RBI rate cut hinges on yuan devaluation, US Fed action: DBS

The chances of a rate cut in September has risen after below-than-expected July CPI inflation

Mundra calls for regulating electronic funding platforms

The remarks were made in the context of peer-to-peer lending, a flourishing system of lending money to unrelated parties gaining popularity in the West

Economy can withstand China ripple effects, says Mundra

The reform agenda taken by the government and RBI is progressing in the right direction, he adds

Policy progress will be slow in India: Moody's

Sovereign credit profile can improve over the medium term if policies are effectively implemented, says Moody's

Falling rupee to hurt India Inc badly

Dollar debt and higher import cost might impact earnings by up to 30%

PSU banks queue up to sell bad loans to ARCs in Sept quarter

RBI has been encouraging banks to sell stressed assets and has allowed to amortise the losses arising out of stressed asset sale

Banking sector witnesses rise in retail NPAs

In 2015, the quantum of gross NPA in retail assets stood at Rs 11,62,578 crore

Niche banking, mobile wallet players to up competition: BCG

Says transactions on digital wallets have already surpassed the total number of mobile banking transactions in 2013-14

SBI hints at fierce competition from new banking players

The banking landscape is changing with a host of new players looking to start operations

Inflation fears still high, says Rajan

Concern about inflation had led to the central bank taking a long pause before cutting rates

Overseas textile importers seek a pie in higher realisation for Indian exporters

Renegotiate contract terms and price, defer new orders for 2-4 weeks understandably till rupee stabilises

3 state-run banks plan to sell Rs 2,700 crore NPAs to ARCs

Union Bank Chairman and MD Arun Tiwari said his bank is planning to sell Rs 1,200 crore this quarter

Rajan says measures to improve JLF functioning on the anvil

Defending the scrapping of the CDR cell, Rajan said the regulatory forbearance is not a solution

Corporation Bank to sell Rs 1,000-cr NPA by end-Sept

Aims to increase Casa ratio to 25% by March