Page 1109 - Finance News
Axis Bank's one-stop shop model pays off
Increasing focus on retail, a strong corporate book and Enam acquisition help the stock outperform the banking index by a wide margin
 "Axis Bank's one-stop shop model pays off")
Banks face treasury losses as bond yields harden
Yield on 10 year bond at 7 month high
 "Banks face treasury losses as bond yields harden")
RBI expands list of documents as valid proof
The additional documents shall be deemed to be officially valid documents under 'simplified measure' for 'low risk' customers
 "RBI expands list of documents as valid proof")
RBI permits NRIs to invest in chit funds
Indians abroad can subscribe to chit funds through banking channels, including accounts maintained in India
 "RBI permits NRIs to invest in chit funds")
Less appetite likely for rupee-linked bonds abroad
So far this month, FIIs have been net sellers in debt by Rs 3,396 crore
 "Less appetite likely for rupee-linked bonds abroad")
FinMin, banks to mull on higher capital infusion for PSBs
RBI has asked FinMin to increase capital infusion, says Mundra
 "FinMin, banks to mull on higher capital infusion for PSBs")
RBI allows NRIs to invest in chit funds
It decided to permit NRIs to subscribe to the chit funds, without limit, on non-repatriation
Private bankers to be interviewed for CEO/MD post at 5 large PSBs
A high level search panel headed by RBI Governor Raghuram Rajan will interview candidates
 "Private bankers to be interviewed for CEO/MD post at 5 large PSBs")
RBI seeks more funds for recapitalisation of banks
Public sector banks need more capital than what budget has indicated, says RBI Deputy Governor
Don't hide bad loans, tackle them smartly: RBI to banks
Dy Governor says account becoming NPA is not a sin, bank should recognise it, then extend a helping hand
 "Don't hide bad loans, tackle them smartly: RBI to banks")
Ahead of FM meet, Yes Bank feels scope of 25 bps rate cut
We have full visibility of a 25 bps base rate cut at Yes Bank very soon, says Rana Kapoor, MD & chief executive
 "Ahead of FM meet, Yes Bank feels scope of 25 bps rate cut")
State banks need more govt funds than budgeted: RBI
Central bank says it is in talks with the Finance Ministry over the issue
Rupee ends 9p higher
The rupee resumed lower at 64.03 against its previous closing level of 63.93 at the interbank foreign exchange market
 "Rupee ends 9p higher")
Bank credit growth slows to 9.8%
Deposits of the banks increased by 11.48 per cent to Rs 87,89,273 crore in the reporting period
 "Bank credit growth slows to 9.8%")
Bond yields rise to over 5-month high
The yield on the 10-year benchmark bond ended at 8.03% compared with previous close of 7.97%.
HDFC Bank to allow shopping, money transfer, ticket booking via one application
PayZapp to allow money transfer, shopping, ticket booking
 "HDFC Bank to allow shopping, money transfer, ticket booking via one application")
Aditya Birla Finance to raise Rs 3k cr via debentures
Company's loan book grew by 50% in the year-ended March to Rs 17,588 cr from Rs 11,735 cr on March 2014
ICICI Bank to raise Rs 50,000 crore
Scales down fund-raising plan by half
 "ICICI Bank to raise Rs 50,000 crore")
 "IndusInd Bank plans Rs 4,800-cr equity share sale")
NPCI to cover all 56 RRBs under Immediate Payment Service by March 2016
Two of Canara Bank's regional rural banks have joined IMPS to take total number of RRBs offering the service to five
 "NPCI to cover all 56 RRBs under Immediate Payment Service by March 2016")