Page 1101 - Finance News

6 reasons why RBI should take note of UBS report on Indian banks

UBS examines 100 potentially stressed companies covering around $100 bn in loans to understand the exposure and lending practices of banks

Yes Bank raises Rs 554 crore debt

Money raised will help the fifth largest among the private sector lenders capture growth opportunities, bank's CEO

Greek crisis prompts SBI to delay $1.5-billion bond sale

Those planning large borrowings are concerned about pricing of instruments

Rate cuts, not reforms, key to immediate recovery: BofA-ML

According to BofA-ML, with inflation well on track to its under six per cent January 2016 target, a 50-basis point rate cut is likely

Bank of Tokyo-Mitsubishi to double branch count in India

Eyes 10% credit growth in FY16

Rupee ended weak snapping five-day winning streak

Rupee ended at 63.46 compared with previous close of 63.40 per dollar

Axis Bank launches touch identification for iPhone users

Though the feature is currently available only for iPhone users, within three months, the bank is looking at launching this facility for Android customers

New category of NBFCs to help cross-sell financial products

Account aggregators to enable customers to see all their accounts across financial institutions in a common format

ICICI Bank looks to grow mobile banking transactions by 500% to Rs 80,000 cr in FY16

The bank recorded transactions worth Rs 16,000 cr via mobile banking platform in FY15

Union Bank to open 100 digital branches this year

To tie up with Flipkart & Paytm

IDBI signs refinance agreement with Mudra Bank

The refinance scheme will be implemented through all the branches of the lender

June quarter earnings: Pressure remains for banks

Credit growth to remain muted and net interest margins to be under pressure

Credit quality shows continued improvement in Q1: CARE Ratings

The rating upgrades have outnumbered downgrades in FY14 and FY15, reflecting the improved credit quality prevailing in the system

Volatility in financial markets worries corporate treasurers

While this is a concern for treasurers across industry sectors, it is higher in the consumer business and the energy and resources sector

Stressed asset ratio peaked in FY15: Fitch

The worst would be over for banks as the outlook for this financial year looks better, on account of a more favourable economic environment

PSBs need higher capitalisation to deal with NPAs: RBI

Follow on public offer and capital infusion by government are two ways to raise capital, says RBI Deputy Governor

Rupee can weaken on RBI's dollar buying

Last month, Rajan said in Stockholm that the Indian economy would withstand any impact of the Greece crisis

Bandhan to start banking operations from Aug 23

Bandhan is also in process of obtaining separate RBI licences for RTGS, NEFT, payments gateways and CTS

SBI Group's share in debit card payments touches 25% in FY15

As of March end, the SBI Group has issued over 20.59 crore debit cards, which is highest in the country

Deutsche Bank's $ one billion investment faces fresh probe

RBI, Sebi also reviewing their regulations for greater clarity in this area and to ensure there is no room for any ambiguity