Page 1102 - Finance News

Low inflation offers scope of RBI rate cut to boost growth: SBI

RBI, in June 2 monetary policy review, cut repo rate (short-term lending rate) from 7.5% to 7.25

Insurers' approved investments can only be in CNX 200, BSE 200 companies: Irdai draft

DBS India posts Rs 275-cr loss in FY15 on provisioning

Housing finance firms look to raise funds through ECB route

HDFC to raise up to $500 mn; Tata Capital Housing, Dewan Housing Finance set to raise money through ECB

Pay package of IDFC's Rajiv Lall sees decline of 26% in FY15

Rajiv Lall, executive chairman, IDFC earned a remuneration of Rs 4.40 cr in FY15 compared with Rs 5.55 cr in 2013-14

Doha Bank eyes India exposure at $5 billion in three years

The bank has three branches in the country at Mumbai and Kochi and is also planning a subsidiary in India to scale up its operations here

United Bank cuts deposit rates by 0.25% for select maturities

The rate of interest will be 7.25% from 7.5% earlier

Mobile banking may overtake internet transactions by next year: HDFC Bank

Launches mobile banking app for Apple Watch

Commerce Ministry calls meeting with banks on July 10 on FDI in e-commerce

The issues which will come up for discussions include payment mechanisms of the e-commerce companies and the role of banks

Govt will soon appoint heads of major PSU banks: Rajan

A final decision will be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi

RBI, govt in talks for recapitalisation of banks: Governor

For the current fiscal, the government has allocated Rs 7,940 crore in the Budget for capital infusion in state-owned banks

Aspire Home Finance launches Mahila Awaas Loan

Loans for affordable housing would be offered at an interest rate of 10-12.5%

Indian private equity: Driving growth without returns

Personal loan, credit card see growth

Bankers said data from credit bureaus and stringent underwriting norms have giving them confidence to grow these segments

StanChart doubles profit in FY15

Closes gap with Citibank but asset quality worsens

SBI to reward customers for repaying loan on time

Launches loyalty programme Rewardz, that offers reward points for various types of banking transactions

SBI moderates pace of break-mortar branch expansion

Focus on digital; electronic platform to improve customers

FIPB to consider Kotak Bank, 12 other proposals on July 3

The other proposals to be considered by the panel include that of Hathway Cable and Datacom, DEN Networks and Sistema Shyam Teleservices

Kotak Mahindra Bank lowers base rate to 9.75%

The new rate being offered by the bank is 5 bps higher than its larger rivals

Finance ministry working on a package for state banks: Sinha

Govt has already agreed to inject about $3 billion into PSBs this fiscal year