Page 1099 - Finance News
PSU banks are fast approaching perform or perish zone
With huge capital requirements and government's reluctance to blindly capitalise PSU banks, the focus will have to turn to performance
 "PSU banks are fast approaching perform or perish zone")
RBI constitutes committee on financial inclusion
Committee's terms of reference will include to review existing policy of financial inclusion including supportive payment system
 "RBI constitutes committee on financial inclusion")
RBI's liquidity tightening stance stumps market
Bond dealers believe central bank trying to nuance rates and not allowing market dynamics to decide rates
 "RBI's liquidity tightening stance stumps market")
Indian Bank's gross NPA could peak at 6%: India Ratings
Bank had reported GNPAs of 4.4% in March 2015, up from 3.67% in March 2014
 "Indian Bank's gross NPA could peak at 6%: India Ratings")
Corporate funding in solar sector down to $5.9 billion in Q2 2015
A total of 28 VCs invested in Q2 2015
 "Corporate funding in solar sector down to $5.9 billion in Q2 2015")
Lakshmi Vilas Bank cuts deposit rates by 0.3%
The bank reduced the rate of interest in the 181-270 day maturity by 0.30% to 8% per annum, while in the 91-180 day maturity, it has effected a 0.25% reduction to 7.75%
 "Lakshmi Vilas Bank cuts deposit rates by 0.3%")
After making loss, Bank of India reports RBI against its auditors
Says it was not allowed to treat Essar loan as standard like others lenders; Auditors say they have gone by books
For money, don't huddle: RBI to banks
'Space out when raising funds; Sebi mulling securitisation platform'
 "For money, don't huddle: RBI to banks")
Mittal favours payment bank licence for telcos over banks
Payment banks will provide basic savings, deposit, payment and remittance services to people who currently do not have a bank account, including millions of migrant workers
 "Mittal favours payment bank licence for telcos over banks")
RBI to Maha govt: Regulator competent to advice banks
Bankers doing good job, desist from criminal action
RBI sucks out liquidity worth Rs 8,270 cr in OMO sale
Yield on the 10-year benchmark bond fell by four basis points on Tuesday to end at 8%
Bank of Baroda considering a subsidiary for financial inclusion business
Focusing on opening cash recyclers instead of new ATMs
 "Bank of Baroda considering a subsidiary for financial inclusion business")
Sebi to introduce new securitisation platform: RBI Deputy Governor
Says securitisation market is revving up for a take-off
 "Sebi to introduce new securitisation platform: RBI Deputy Governor")
Yes Bank gets RBI nod for setting up IBU in GIFT City
It will also allow the bank to raise foreign currency funding through MTNs and other routes as appropriate, said bank's MD
 "Yes Bank gets RBI nod for setting up IBU in GIFT City")
Banks should jointly decide on timing of capital raising: RBI deputy governor
Says Sebi working on reporting platform for debt securitisation
Bank of India goes to RBI against its auditors
Says it was not allowed to treat Essar loan as standard like others lenders
 "Bank of India goes to RBI against its auditors")
 "10-year bonds slide on RBI's plan to sell debt")
Madhu Kapur can ask RBI to clarify on two YES Bank board appointments: HC
Kapur had filed a petition and had sought a stay on two directors Diwan Arun Nanda and M R Srinivasan assuming office
 "Madhu Kapur can ask RBI to clarify on two YES Bank board appointments: HC")
FinMin uncomfortable with Maharashtra's criminal action against bank officers
Indian Bank's Association seeks RBI intervention
 "FinMin uncomfortable with Maharashtra's criminal action against bank officers")