Page 1088 - Finance News

IndusInd Bank raises Rs 5,081 cr via QIP

The lender said that the amount raised will be used to support the growth and will also help in augmenting the capital adequacy ratio

Axis Bank launches contactless cards

RBI guidelines allow processing contactless transactions below Rs 2,000 without a PIN

Pay I-T dues in advance at RBI or authorised bank branches

The move comes as the rush for remitting income tax dues through the RBI has been far too heavy towards the end of September every year

Panel recommends professional directors on board of urban co-operative banks: R Gandhi

Also suggests roadmap on how these banks can convert themselves into a universal bank

Jan Dhan helps debit card base jump 40 per cent

Despite losing some share, SBI still has the maximum share in the market at 29%

SBI net rises 10% in June quarter; asset quality under control

Chairman Arundhati Bhattacharya says bank benefiting from economic recovery

China's yuan devaluation worries Indian industry

Move by People's Bank of China resulted in devaluation of Yuan against dollar by 1.9% taking it to lowest point in almost three years

China's depreciating currency could impact exports: Mehrishi

Govt capital infusion in two tranches for FY16: SBI

Some equity from government will come in this quarter and another round by end of financial year: Arundhati Bhattacharya

IFMR Capital executes Rs 150 cr NCD issuance for Janalakshmi Financial Svcs

This is the largest single investor subscription to NCDs issued by JFS

SBI Q1 net up 10% at Rs 3,692 crore

Gross NPA rises to 4.29% from 4.25% on a quarter-on-quarter basis

Government drops plan to use gold deposits as part of CRR, SLR

According to sources, RBI had argued against using gold deposits as CRR

Mid and small size PSBs report 19.6% drop in net profit in Q1

Tepid loan growth, provision for NPAs, bond portfolio make dent

Finance ministry's tight grip on handouts to PSBs

The ministry had said that PSBs as of now are adequately capitalised, but would need Rs 1.8 lakh crore extra capital over the next four years

Bank loan to steel sector grew 21% over past 5 years

Banks total exposure to the steel sector stands at Rs 3 lakh crore

Govt bonds over-subscribed; FIIs put in bids worth Rs 974 cr

14 bids were declared successful at the end of two-hour auction

Jammu & Kashmir bank Q1 net up 22% at Rs 159 crore

However, total income of the bank fell in the first quarter to Rs 1,888.35 crore

Some payments banks face dual oversight

Those already running payment systems may be regulated by RBI, Financial Authority

Odisha govt seeks Sidbi's views on expanding ambit of MSME scheme

Says govt ready to pump in Rs 100 crore, wants a special fund for MSMEs

Parliamentary panel asks Fin Min to make 15% of PSB branches all-women

Also recommended flexible working hours for women employees to help them balance their professional and family responsibilities