Page 1097 - Finance News

Rajan meets FM ahead of Aug 4 RBI policy review

There is pressure on RBI to cut rate to boost economic growth

Kotak launches mobile banking app for 'un-banked' regions

The bank claims that the mobile banking adoption rate is highest among its peers

ARCs want RBI to relax 10% cap of share sale to single entity in IPO

According to RBI norms, 10% change in shareholding will need regulators permission

StanChart reshuffles top deck

Ajay Kanwal to head Asean & South Asia, India CEO Sunil Kaushal moves to head Africa & Middle East

Federal Bank stock tanks 6% on asset quality woes, slump in net profit

The bank reported a 36% drop in net profit

YES Bank files appeal against Bombay High Court order

High Court had termed "invalid" the appointment of two directors on YES Bank's board

Masala bonds may not hit the market in FY16 as clarity awaited on tax structure

Last month RBI had come up with draft norms for these bonds

PNB's Rs 9,000-cr bad loan sale stuck due to absence of full time CEO

CMD's post in PNB is vacant since end October last year when govt declined to extend K R Kamath's tenure

Ajay Kanwal to head Standard Chartered's ASEAN region including India

India CEO to be appointed soon, as Sunil Kaushal to head Africa & Middle East ops

ANZ plans more India branches: CEO

He says a slowing China and Indonesia's less than expected economic growth makes India an attractive destination for the bank

RBI begins probe into diversion of agriculture loans

Misuse of interest subsidy, repayment to money lenders and gold loans are contributing to the diversion of agricultural credit

Banks seek RBI nod to spread Q1 bond losses over four quarters

Yields on government securities reversed their trajectory after RBI announced a hawkish stance in its bimonthly policy review in June

Case study

Business Standard analyses one family's finances and suggests a way forward

Sebi panel moots new Code for institutional investors

The move is aimed to push institutional investors into greater engagement in governance matters of listed firms

Chit funds eye Rs 5K crore a year from NRIs

RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions

Bank lending to small businesses grows at a slower pace

Bankers say the overall bank lending to SMEs will continue to be low till the overall economic environment improves

HDFC to raise up to Rs 85,000 cr this fiscal

Amount will be raised through issue of redeemable Non-Convertible Debentures

Govt banks weigh hike in profit share for staff

SBI seeks govt nod to share 3% of profit with employees; others to follow

State Bank of Hyderabad launches mobile app

SBH Touch acts as a gateway to mobile banking

Banks to start cross-checking KYC scores, too

These scores and checks by credit bureaus can help in weeding out violations of KYC or anti-money laundering norms