Page 1103 - Finance News
Axis Bank launches non-callable deposits
This comes two months after the RBI came out with the norms allowing banks to offer differential rates on fixed deposits
 "Axis Bank launches non-callable deposits")
Coordinated efforts needed to spread financial inclusion: S S Mundra
The RBI deputy governor stresses on strong co-relation between financial inclusion, financial literacy and consumer protection to ensure stability of financial system
 "Coordinated efforts needed to spread financial inclusion: S S Mundra")
ECBs, NRI deposits push external debt
The country's total external debt rose 6.6% to $475.8 billion during 2014-15 from $446.3 billion in 2013-14
 "ECBs, NRI deposits push external debt")
SBI plays down reports of Bharatiya Mahila Bank merger
SBI chairman Arundhati Bhattacharya says she does not know the basis of reports
 "SBI plays down reports of Bharatiya Mahila Bank merger")
Kotak Bank launches debit card for book lovers
A Kotak customer can avail 15% discount on any book purchased at Crossword
 "Kotak Bank launches debit card for book lovers")
Lakshmi Vilas Bank reduces base rate by 15 basis points
Base rate now stands at 10.95% from earlier 11.10 % effective 1 July 2015
 "Lakshmi Vilas Bank reduces base rate by 15 basis points")
Lakshmi Vilas Bank cuts base rate by 0.15%
Effective from July 1, it is the second reduction by the bank this fiscal
Syndicate Bank moderates growth targets under new MD
Course correction to grow share of low cost deposits
 "Syndicate Bank moderates growth targets under new MD")
 "Greek crisis not to impact ICICI Bank: Chanda Kochhar")
Indian banks review clients' un-hedged Euro positions
See minimal impact as exposures are low
 "Indian banks review clients' un-hedged Euro positions")
Kotak Mahindra Bank gets shareholders' nod for 1:1 bonus share
Says issue and allotment of bonus shares to non-resident shareholders of the bank shall be subject to the approval of the RBI
SBI steps up recovery of bad loans in retail, realty segments
Bank's gross NPAs in retail was Rs 2,528 cr at the end of March 2015 as against Rs 3,034 cr at the end of 2013-14
 "SBI steps up recovery of bad loans in retail, realty segments")
NPCI to raise Rs 100 cr
To extend shareholding to 50 more banks, ties up with JCBI for card acceptance and issuance in India
 "NPCI to raise Rs 100 cr")
HC okays IDFC-IDFC Bank de-merger
The order comes after IDFC Ltd filed an affidavit that all statutory provisions had been complied with for the proposed scheme
 "HC okays IDFC-IDFC Bank de-merger")
Irdai to pause on multiple tie-ups
Noting opposition from PSBs, regulator believes this isn't the time to push its draft proposal; however, exclusive arrangements to be discouraged
 "Irdai to pause on multiple tie-ups")
RBI may cut policy rate 25 bps on Aug 4 if rains remain normal: BofA-ML
According to the global financial services firm, 'agflation' is in check and the June CPI inflation is may stay soft at 5.2%
 "RBI may cut policy rate 25 bps on Aug 4 if rains remain normal: BofA-ML")
 "StatsGuru: Taking stock of non-performing assets in banking space")
Rajan says Indian economy will see through any impact of Greece crisis
Says one factor helping India is its stronger foreign exchange reserves
 "Rajan says Indian economy will see through any impact of Greece crisis")
Indian banks slow in passing on RBI rate changes: IMF report
Report finds evidence of asymmetric adjustment to monetary policy
 "Indian banks slow in passing on RBI rate changes: IMF report")
Aditya Puri still highest paid bank chief
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
 "Aditya Puri still highest paid bank chief")