Page 1087 - Finance News
80,000 officers, staff of PSU banks to retire in next two years
Considering vast vacancy in the middle-level position, the government is planning to provide some flexibility in the recruitment
 "80,000 officers, staff of PSU banks to retire in next two years")
PSU bank reform: Esop, efficiency focus could be game changers
Experts say Esop facility should be extended to GM, DGMs; Banks could cut balance sheet size to improve efficiency
 "PSU bank reform: Esop, efficiency focus could be game changers")
Big bang reforms for govt banks
Seven-point plan includes bank board bureau from April 1, appointment of private sector professionals as heads
 "Big bang reforms for govt banks")
Meet new MDs, CEOs and non-executive chairmen of banks
Govt today announced appointment of new heads of five banks including two private ones
 "Meet new MDs, CEOs and non-executive chairmen of banks")
Why holding company structure for govt banks has a long way to go
The structure was mooted in 2012 to address the capital needs of banks
 "Why holding company structure for govt banks has a long way to go")
REPCO Bank pays Rs 15-crore dividend to Govt
The Centre has nearly 73% shares in the Bank
 "REPCO Bank pays Rs 15-crore dividend to Govt")
Rupee might fall further, yields could be range bound this week
The bias of rupee is towards weakening because of dollar demand by importers
 "Rupee might fall further, yields could be range bound this week")
Govt launches mission 'Indradhanush' to revamp PSU banks
7 point plan to revamp PSUs includes capital infusion and board appointments
 "Govt launches mission 'Indradhanush' to revamp PSU banks")
Govt needs to cut political interference in state banks: Jaitley
India's banking sector has been hobbled by its highest bad-loan ratio in a decade
 "Govt needs to cut political interference in state banks: Jaitley")
Oriental Bank of Commerce cuts lending rate by 0.1%
The bank has reduced base rate to 9.90% from 10% with effect from August 17
 "Oriental Bank of Commerce cuts lending rate by 0.1%")
RBI asks government to amend co-operative bank laws
R Gandhi-led panel wants legal barriers removed for graduation to commercial bank status
 "RBI asks government to amend co-operative bank laws")
Asset quality woes might not be over yet for ICICI Bank
High exposure in metal, infra pose a challenge
 "Asset quality woes might not be over yet for ICICI Bank")
Rupee breaches 65/$; poll shows it may not breach 66
Indian currency has fallen 1.9% in past three trading sessions
 "Rupee breaches 65/$; poll shows it may not breach 66")
Banks told to give cheaper short-term crop loans
Govt had in 2015-16 proposed interest subvention scheme in the current fiscal
 "Banks told to give cheaper short-term crop loans")
RBI to transfer Rs 65,896 crore surplus to government
RBI had transferred surplus of Rs 52,679 cr for the year-ended June 30, '14
 "RBI to transfer Rs 65,896 crore surplus to government")
Bill to set up monetary policy committee likely in winter session: Mehrishi
Mehrishi said that steady progress is being made on both the PDMA and the MPC
Bank of Maharashtra Q1 net plummets 49.5% at Rs 59.4 crore
The bank's total income in the quarter under review stood at Rs 3,526.13 crore, up 7.3%
 "Bank of Maharashtra Q1 net plummets 49.5% at Rs 59.4 crore")
Reserve Bank warning on infra projects' loan refinancing
Following the issuance of the Reserve Bank of India (RBI)' 5/25 scheme, banks had taken up flexible structuring of a few projects