Page 1108 - Finance News
FIPB again defers Kotak bank proposal for raising FII limit
The decision was deferred in want of comments from the Department of Financial Services, sources said
 "FIPB again defers Kotak bank proposal for raising FII limit")
State-run banks put Rs 14,000-cr bad loans on the block
Punjab National Bank has largest share with over Rs 5,000 cr in bad loans being offered for sale
 "State-run banks put Rs 14,000-cr bad loans on the block")
Andhra Bank eyes 16% business growth
The circle, covering eight states and five zones, cocked Rs 18,900 crore business in the last fiscal
 "Andhra Bank eyes 16% business growth")
Selection of chief executives at 5 state-run banks from Monday
Final selection of candidates would be made by the appointment board chaired by the RBI governor
 "Selection of chief executives at 5 state-run banks from Monday")
India Post to issue 5 lakh new debit cards in next 2 months
Says in the current phase, debit cards will be issued to customers from 2,600 large branches where core banking solution has already been implemented
'Naive' to expect HDFC Bank aims 30% growth in profit: Puri
Says to expect the growth rate when the GDP is 5% is to say the least, naive
 "'Naive' to expect HDFC Bank aims 30% growth in profit: Puri")
FinMin may finalise additional fund needs for banks in 3 mnths
This will be over and above the budget provision of about Rs 8,000 crore earmarked for PSU banks
 "FinMin may finalise additional fund needs for banks in 3 mnths")
Interviews for CEO posts at 5 large PSU Banks start June 15
As many as 26 candidates, including executives from private sector banks, are to appear for interviews
 "Interviews for CEO posts at 5 large PSU Banks start June 15")
More rate cuts likely from banks soon, says Jaitley
Govt to focus on projects stalled due to financing issues, says FM after meet with bankers
 "More rate cuts likely from banks soon, says Jaitley")
Agri NPAs might add to banks' asset quality woes
The credit offtake remains tepid. Loans grew by 10.2% year-on-year till May 15, against 13.2% in the year-ago period, according to RBI data
 "Agri NPAs might add to banks' asset quality woes")
 "RBI's G-sec auction devolves partially")
 "Fitch withdraws ratings for Essar Projects")
 "RBI to introduce cash-settled interest rate futures on new tenures")
Govt asks PSBs to present their capital requirements
The banks will give three rounds of presentations in Delhi, Mumbai and Bengaluru
 "Govt asks PSBs to present their capital requirements")
Finance Ministry starts meeting PSU banks on fund infusion
The capital infusion requirement will be discussed with Punjab National Bank, Punjab & Sindh Bank and Oriental Bank of Commerce on June 18
 "Finance Ministry starts meeting PSU banks on fund infusion")
Please cut interest rates, Jaitley tells banks
All banks unanimously expressed that in a period of 2 to 3 months, greater transmission of lower rates could be seen
 "Please cut interest rates, Jaitley tells banks")
More rate cuts by banks on anvil, says Jaitley
He also said that the govt would also consider the demand of PSU banks for more capital infusion
Focus is on clearing stuck infrastructure projects: FM
Finance Minister Arun Jaitley said the government would also consider capital infusion into state-owned banks
India's push to offer banking for all stumbles on empty accounts
While millions signed up, 53% of these accounts have never been used as of June 3, records show
 "India's push to offer banking for all stumbles on empty accounts")
Interviews next week for MD & CEO at 5 large PSBs, 26 shortlisted
Will be appointed at Bank of Baroda, Punjab National Bank, Canara Bank, Bank of India and IDBI Bank
 "Interviews next week for MD & CEO at 5 large PSBs, 26 shortlisted")