Page 1105 - Finance News
Banks stare at Rs 53,000-cr electricity boards NPA on July 1
Stressed advances rose in first 6 months, might dip by FY16-end: RBI report
 "Banks stare at Rs 53,000-cr electricity boards NPA on July 1")
FSDC sub-committee warns India on risks associated with Greek crisis, US Fed rate hike
On Wednesday, RBI Governor Raghuram Rajan had said in Stockholm that the Indian economy would see through any impact of the Greece crisis
 "FSDC sub-committee warns India on risks associated with Greek crisis, US Fed rate hike")
RBI extends deadline to exchange pre-2005 currency notes to Dec 31
Rs 100 note to come with numerals in ascending size in number panels
 "RBI extends deadline to exchange pre-2005 currency notes to Dec 31")
Money laundering: RBI advised to share banks inspection report
The matter of non-sharing of inspection reports was discussed during a meeting of Economic Intelligence Council headed by Arun Jaitley
Banks can borrow from international institutions without RBI nod
RBI has eased norms for accessing foreign funds with a view to providing greater flexibility in seeking access to overseas funds
Disconnect between safety image of PSBs and their valuations
Govt has decided to infuse capital based on efficiency parameters in select banks
 "Disconnect between safety image of PSBs and their valuations")
Single regulator for all pension products needed, says FSR report
Currently IRDAI, PFRDA and NPS look into the pension sector
 "Single regulator for all pension products needed, says FSR report")
ICICI Bank cuts base rate by 5 bps to 9.70%
Bank's lending rate is at par with industry leader SBI and that of HDFC Bank
 "ICICI Bank cuts base rate by 5 bps to 9.70%")
Bank credit up by 9.75%
Bank credit has continued to grow in single digits or low double digits for almost a year
 "Bank credit up by 9.75%")
HDFC Bank recommends 5 more years for Puri as chief
Puri, 64, has headed the bank since its inception in 1994, the longest serving chief executive of an Indian bank
FinMin assessing capital requirement of PSU banks
Besides current fiscal need, banks have been asked to submit five-year capital requirement, sources said
 "FinMin assessing capital requirement of PSU banks")
SBI to rope in advisor to give push to stagnant SME Biz
Looks to grow business in on-line market place
 "SBI to rope in advisor to give push to stagnant SME Biz")
Deutsche Bank net profit up 93% in FY15 from India ops
German lender in news for resignation of its India-born co-chief executive Anshu Jain
 "Deutsche Bank net profit up 93% in FY15 from India ops")
RBI went with majority in cutting interest rate earlier this month
The repo rate was cut by 25 basis points to 7.25% on june 2
 "RBI went with majority in cutting interest rate earlier this month")
Bond buying in vogue among banks, fund houses and insurers
After rising to 8.11% on June 12, yield on 10-year benchmark government bond fell 23 bps in the week ended June 19
 "Bond buying in vogue among banks, fund houses and insurers")
Cashless economy: Banks expect surge in volume will offset fee income loss
With a cash-to-GDP ratio of 12%, India is among the most cash-intensive economies in the world
 "Cashless economy: Banks expect surge in volume will offset fee income loss")
Govt may infuse Rs 19k cr into PSU banks in FY16
Banks will need more funds, as they have to provide more capital for the rise in non-performing assets
 "Govt may infuse Rs 19k cr into PSU banks in FY16")
Banks should focus more on capacity building, says Gandhi
Gandhi said the process of capacity building involved more than just training
 "Banks should focus more on capacity building, says Gandhi")
Rupee ends 9 paise down at 63.61 against dollar
The rupee resumed lower at 63.58, against Monday's level of 63.52 at the Interbank Foreign Exchange market
 "Rupee ends 9 paise down at 63.61 against dollar")
India Inc's foreign borrowing up 64% at $2.39 bn in May
Of the total borrowings, $90 million was raised through approval route, while $2.30 billion came through automatic route