Page 1091 - Finance News
 "Yields fall most in 3 weeks on inflation hopes")
 "'Banks need additional Rs 1 lakh cr to manage stressed loans'")
Banks can shift, merge urban, semi-urban branches without approval: RBI
However, banks must ensure banking needs continue to be met through satellite offices/mobile vans or through Business Correspondents
 "Banks can shift, merge urban, semi-urban branches without approval: RBI")
PSB capital infusion plan credit positive but not a game changer: Moody's
The rating agency says Rs 70,000 cr is a relatively small amount and that more needs to be raised from equity markets
 "PSB capital infusion plan credit positive but not a game changer: Moody's")
Srei Infra plans to scale up acquisition of stressed infra projects
Company will focus on projects that have run into troubled waters but have potential for revival
 "Srei Infra plans to scale up acquisition of stressed infra projects")
RBI board to sport a new look
The terms of most non-official directors are coming to an end
 "RBI board to sport a new look")
 "Canara Bank aims Rs 11k crore business in state in FY16")
IDBI Bank digitises loan processing system
To ensure standardisation in processing/sanction and disbursements of these loans
 "IDBI Bank digitises loan processing system")
RBI revises exposure norms limit for standalone primary dealers
To increase exposure ceiling limits in respect of single borrower or counter-party to 50% of latest audited Net Owned Funds from 25%
 "RBI revises exposure norms limit for standalone primary dealers")
Stressed loans to add $16 billion to banks' capital needs: India Ratings
PSU banks will need Rs 93,000 crore to deal with stressed loans
 "Stressed loans to add $16 billion to banks' capital needs: India Ratings")
Bankers not hopeful of festive boost to credit uptick
Margin pressure blocks immediate base rate cut
 "Bankers not hopeful of festive boost to credit uptick")
Rajan links future rate cut to sub-6% inflation
Says retail inflation should be below 6% to see how much room is there to cut rate
 "Rajan links future rate cut to sub-6% inflation")
Canara Bank net drops 41% to Rs 478 cr
High provisions and contingencies dent bottomline
PNB cuts FD rate by up to 0.5%
Reduction comes a day after RBI kept benchmark rate unchanged in the monetary policy review
 "PNB cuts FD rate by up to 0.5%")
Yes Bank raises Rs 315 cr from Green Infra Bonds
The bonds are for a tenor of 10 years
 "Yes Bank raises Rs 315 cr from Green Infra Bonds")
RBI, govt in talks on medium-term framework for FPI limit in debt
Framework will create space for participation of different kinds of investors, says Raghuram Rajan
 "RBI, govt in talks on medium-term framework for FPI limit in debt")
Managing excess liquidity: More open market bond sales likely
The OMO sale announcement in July had come as a surprise to the market and govt bond yields had climbed
 "Managing excess liquidity: More open market bond sales likely")
I think, de facto, RBI is independent: Raghuram Rajan
Interview with Governor, Reserve Bank of India
 "I think, de facto, RBI is independent: Raghuram Rajan")
 "Missed opportunity")
Banks may face RBI action if they mis-report NPA numbers
In certain cases, it's been noted that, loans that had already become NPAs were still treated as standard assets