Page 1089 - Finance News
 "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
 "Govt capital infusion in two tranches for FY16: SBI")
IFMR Capital executes Rs 150 cr NCD issuance for Janalakshmi Financial Svcs
This is the largest single investor subscription to NCDs issued by JFS
 "IFMR Capital executes Rs 150 cr NCD issuance for Janalakshmi Financial Svcs")
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
 "SBI Q1 net up 10% at Rs 3,692 crore")
Government drops plan to use gold deposits as part of CRR, SLR
According to sources, RBI had argued against using gold deposits as CRR
 "Government drops plan to use gold deposits as part of CRR, SLR")
Mid and small size PSBs report 19.6% drop in net profit in Q1
Tepid loan growth, provision for NPAs, bond portfolio make dent
 "Mid and small size PSBs report 19.6% drop in net profit in Q1")
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
 "Finance ministry's tight grip on handouts to PSBs")
Bank loan to steel sector grew 21% over past 5 years
Banks total exposure to the steel sector stands at Rs 3 lakh crore
 "Bank loan to steel sector grew 21% over past 5 years")
Govt bonds over-subscribed; FIIs put in bids worth Rs 974 cr
14 bids were declared successful at the end of two-hour auction
 "Govt bonds over-subscribed; FIIs put in bids worth Rs 974 cr")
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
 "Jammu & Kashmir bank Q1 net up 22% at Rs 159 crore")
Some payments banks face dual oversight
Those already running payment systems may be regulated by RBI, Financial Authority
 "Some payments banks face dual oversight")
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
 "Odisha govt seeks Sidbi's views on expanding ambit of MSME scheme")
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
 "Parliamentary panel asks Fin Min to make 15% of PSB branches all-women")
Firms continue to borrow more through bonds, CPs
Sebi data shows companies raised Rs 1.69 lakh cr in April-July period through private placement of corporate bonds
 "Firms continue to borrow more through bonds, CPs")
Asset quality pressures to continue for a few more quarters
Loan recasts and refinancing mask stress in asset quality
 "Asset quality pressures to continue for a few more quarters")
MFI industry on an interest rate cut spree
Lower costs of funds, better operational performance aids
 "MFI industry on an interest rate cut spree")
UCO Bank Q1 net slumps 51% to Rs 257 crore
The bank had a net profit of Rs 521.40 cr in the April-June quarter of 2014-15 fiscal
 "UCO Bank Q1 net slumps 51% to Rs 257 crore")
 "No differences between RBI, govt on MPC: Mundra")
Deposit rate cuts help Central Bank net rise 6%; NPAs jump
Gross non-performing assets rose to 6.70% from 6.15%, while net NPA too jumped to 4% from 3.62%
 "Deposit rate cuts help Central Bank net rise 6%; NPAs jump")
 "Forex reserves fall $187.6 million")