Page 1110 - Finance News
Sharma appointed non-executive chairman of ICICI Bank
Sharma will be replacing K V Kamath who is now headed to join New Development Bank being established by BRICS nations as President
 "Sharma appointed non-executive chairman of ICICI Bank")
 "How Kamath built a financial powerhouse")
Srei seeks churn in investment portfolio
May dilute stake in Quippo and Viom
 "Srei seeks churn in investment portfolio")
ARCs to buy NPAs worth Rs 14,000 cr in FY16: CRISIL
Will grow slower at 11% (net of redemption) in fiscal
 "ARCs to buy NPAs worth Rs 14,000 cr in FY16: CRISIL")
Indian Army inks MoU with Punjab National Bank for salary a/c
Army had earlier signed a MoU with Punjab National Bank in 2011 with a validity of three years
 "Indian Army inks MoU with Punjab National Bank for salary a/c")
Karnataka Bank targets 19% growth in farm lending
The bank has 10 Agriculture Development Branches (ADB), 142 Green Branches and 52 Agriculture Field Officers (AFOs) as dedicated resources for branches to ensure hassle free agriculture lending
 "Karnataka Bank targets 19% growth in farm lending")
Banks get freedom to take 51% stake in defaulting firms
The move, amid a rise in slippages from restructured assets, is aimed at resolving stress in the banking system
 "Banks get freedom to take 51% stake in defaulting firms")
Banks should share blame for Ponzi schemes: Mundra
Reserve Bank deputy governor bats for better regulatory framework
 "Banks should share blame for Ponzi schemes: Mundra")
ICRA sees NPAs soaring by up to 150 bps to 5.9% in FY16
The rising NPA estimate for FY16 is primarily driven by a greater proportion of assets restructured in the past slipping into NPAs again
 "ICRA sees NPAs soaring by up to 150 bps to 5.9% in FY16")
HDFC to raise Rs 5k cr via NCD, warrants
Funds likely to be used for DTL provision; HDFC Bank stake buy
 "HDFC to raise Rs 5k cr via NCD, warrants")
RBI allows banks to take over stressed firms
Sebi has already relaxed the norms for banks to take over the ownership of such companies
 "RBI allows banks to take over stressed firms")
HDFC Bank set to disburse auto loans in 30 minutes
An increased focus on using technology for loan approval and disbursal is in line with the bank's aim to become digitised in the future
 "HDFC Bank set to disburse auto loans in 30 minutes")
Yes Bank shareholders approve Rana Kapoor's appointment as MD, CEO
Bank to raise $1 billion by fresh equity & Rs 10,000 crore via NCDs
 "Yes Bank shareholders approve Rana Kapoor's appointment as MD, CEO")
HDFC Bank issues recovery notice to royal family of Rajkot
The notice was issued in a local newspaper of Rajkot on June 4 by HDFC Bank's Bodakdev branch in Ahmedabad
 "HDFC Bank issues recovery notice to royal family of Rajkot")
ICICI Bank to focus on leveraging technology: Kochhar
CEO says the bank they will strive to deliver innovative banking solutions
 "ICICI Bank to focus on leveraging technology: Kochhar")
FM to meet heads of PSU banks this week
The meeting will review credit offtake and the progress made under the Jan Dhan Yojana and Prime Minister social security scheme among other things
 "FM to meet heads of PSU banks this week")
First set of small, payment bank licences in 2 months: RBI
RBI had received 72 applications for small finance bank licences and 41 applications for payment bank licences
 "First set of small, payment bank licences in 2 months: RBI")
CCI dismisses complaint against Bank of Baroda
Complaint was filed by Uttarakhand-based Dhanvir Food Product, which had availed of a term loan of Rs 7.25 cr
 "CCI dismisses complaint against Bank of Baroda")
ICICI to grow loan book 3-4% ahead of system growth
To focus on improving profitability in auto; increase growth from overseas branches
 "Ex-FM Sinha warns against evergreening bad loans")