Page 1106 - Finance News
AIBEA defers June 24 bank strike; PSU banks to work normal
The nation-wide one-day strike was called to protest against the 'anti-associate' banks approach of the SBI management
 "AIBEA defers June 24 bank strike; PSU banks to work normal")
United Bank considering to shift treasury department to Mumbai
Shifting of operations will help bank's treasury department to increase its knowledge base
 "United Bank considering to shift treasury department to Mumbai")
Rajan-led panel shortlists 11 for top posts at PSBs
Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so
 "Rajan-led panel shortlists 11 for top posts at PSBs")
Union Bank cuts deposit rates by 10-30 bps
To offer 8.25% for 1 year
 "Union Bank cuts deposit rates by 10-30 bps")
Rupee ends at 1-month high; bond yields fall to 3-week low
The yield on the new 10-year bond ended at 7.71 per cent on Friday, compared with the previous closing level of 7.76 per cent
 "Rupee ends at 1-month high; bond yields fall to 3-week low")
 "RBI fixes rate of interest on FRB,2020")
Delinquency in retail loan sector has come down: CIBIL
Housing loans fell sharply to 0.57% from 1.46% as at the end of 2010
 "Delinquency in retail loan sector has come down: CIBIL")
RBI ready to issue new licences for small payments banks
RBI is introducing norms for the RRBs and cooperative banks that are in line with the norms for banks
 "RBI ready to issue new licences for small payments banks")
Rajan asks banks to use Hindi to bridge gap with customers
He stressed on the importance of financial literacy at an RBI event
 "Rajan asks banks to use Hindi to bridge gap with customers")
Rising bond yields squeeze banks, hold back cheaper loans
Global uncertainty, no hopes of further RBI rate cuts this year has pushed up bond yields
 "Rising bond yields squeeze banks, hold back cheaper loans")
Gold loan companies reap benefits of cheaper bank borrowing
Banks have cut base rate by up to 30 bps in the last few months
 "Gold loan companies reap benefits of cheaper bank borrowing")
 "Phone smart, money smarter")
Asset quality pressures to persist for two-three quarters sans recovery
Much of the burden would be seen on public sector banks as they have maximum share of vulnerable assets
 "Asset quality pressures to persist for two-three quarters sans recovery")
YES Bank reduces base rate by 25 bps
The new rates are effective from June 22
 "YES Bank reduces base rate by 25 bps")
Govt proposes to raise Rs 13,500 crore by sovereign gold bonds
Scheme draft says govt will bear price risk, investors will be paid back in gold price with interest
 "Govt proposes to raise Rs 13,500 crore by sovereign gold bonds")
HC refuses to stay YES Bank directors' appointment
Madhu Kapur, second largest promoter of YES Bank, had sought stay on reappointment of M R Srinivasan & Diwan Arun Nanda
All India Bank Employees' Association to go on a strike on June 24
To support demands of State Sector Bank Employees' Association
 "All India Bank Employees' Association to go on a strike on June 24")
HDFC Bank launches 10-second personal loan disbursement scheme
Says with this product, existing customers will have a pre-approved loan amount available to them 24x7
 "HDFC Bank launches 10-second personal loan disbursement scheme")
Deutsche FY15 net profit up 93% in India
The profit before tax up 81% to Rs 2,544 crore, net revenue jumped 45% to Rs 3,925 crore
 "Deutsche FY15 net profit up 93% in India")