Page 1084 - Finance News
Pick-up in economy, rural demand may rebound, says Rajan
His comments come two days after Moody's Investors Service lowered its India growth forecast on poor monsoon concerns
 "Pick-up in economy, rural demand may rebound, says Rajan")
'Nod to Postal Department for payments bank a proud moment'
I would expect the dept to prepare itself properly for this: Communications and IT Minister Ravi Shankar Prasad
 "'Nod to Postal Department for payments bank a proud moment'")
Payments banks to strengthen financial ecosystem: Kochhar
ICICI Bank has investments in two of the 11 entities that have got in-principle approval for setting up payments banks
 "Payments banks to strengthen financial ecosystem: Kochhar")
Difficult to give fresh loans to NPA accounts: SBI
RBI Governor Raghuram Rajan said that NPAs are largely an accounting issue
 "Difficult to give fresh loans to NPA accounts: SBI")
Small finance bank licences next month: Rajan
RBI had received 72 applications for small finance bank licences and 41 applications for payment bank licences
 "Small finance bank licences next month: Rajan")
Open to partnerships for payments bank, says India Post
RBI last evening gave in-principal approval to 11 entities, including Reliance Industries, Vodafone and Department of Posts for payment banks
 "Open to partnerships for payments bank, says India Post")
NTPC tax-free bonds oversubscribed 7.25 times
Company to retain subscription for 10 years of maturity at 7.15% coupon rate
 "NTPC tax-free bonds oversubscribed 7.25 times")
Closely monitoring crowdfunding space, crypto currencies:Rajan
RBI depends on public for information and it is trying to develop sources to get information from public about miscreants, says the Governor
 "Closely monitoring crowdfunding space, crypto currencies:Rajan")
Payments bank: What does it mean for you?
Cost of transferring money could fall because of lower overheads but the bigger advantage is bringing banking to almost one's door
 "Payments bank: What does it mean for you?")
Confusion over Modi's I-Day speech: DTAA info behind Rs 6,500 cr disclosure on black money
Nothing to do with compliance window which so far yields Rs 80 cr
 "Confusion over Modi's I-Day speech: DTAA info behind Rs 6,500 cr disclosure on black money")
 "Financial inclusion plan gets a push")
RIL, telcos among 11 firms to launch payments banks
RBI says unsuccessful applicants can get licences in future under 'on-tap' system
 "RIL, telcos among 11 firms to launch payments banks")
 "Payments banks to expand rural banking: Jaitley")
Prepaid payment issuers, retailers miss the bus
RBI will move to 'on-tap' licences
 "Prepaid payment issuers, retailers miss the bus")
Andhra Bank expects to get another Rs 122 crore in central assistance by year-end
Already allotted first tranche of Rs 378 crore as part of Indradhanush
 "Andhra Bank expects to get another Rs 122 crore in central assistance by year-end")
Bank credit increases 9.4%
Deposits up by 11.5% to Rs 89,392 cr
 "Bank credit increases 9.4%")
Bank of Maharashtra to sell stressed assets of up to Rs 2,000 cr by FY16-end
The bank is planning to sell Rs 500 crore of bad loans to ARCs by the end of Sept 2016
 "Bank of Maharashtra to sell stressed assets of up to Rs 2,000 cr by FY16-end")
Vodafone says will offer comprehensive financial services
The company said with over 90,000 'M-Pesa' agents, it is already providing people in remote areas a convenient way to transfer money and make payments
 "Vodafone says will offer comprehensive financial services")
Payments banks important step to expand rural banking: Jaitley
Reserve Bank granted 'in-principle' approval to 11 entities to set up payments banks
 "Payments banks important step to expand rural banking: Jaitley")
Firms to start payments bank operation before 18-mth deadline
Paytm founder Vijay Shekhar Sharma said he would like to start the banking operation ahead of the fixed timeline by the RBI
