Page 1113 - Finance News
RBI may cut policy rate to spur investment: Bankers
Industry and bankers are hopeful of a rate cut as the govt has also been able to rein in fiscal deficit within 4% of GDP in 2014-15 providing room for easing of monetary policy
 "RBI may cut policy rate to spur investment: Bankers")
HDFC Bank eyes digital funding
Lender believes with more customers moving on to online platform for research, it is integral to have an online presence at every end
 "HDFC Bank eyes digital funding")
Passwords are passe; talking is in
Banks like ICICI are now adopting voice recognition software to authenticate customers
 "Passwords are passe; talking is in")
Bank borrowing by corporate sector remains tepid
RBI had cut the key lending rates which had been passed on by banks to the end consumer
 "Bank borrowing by corporate sector remains tepid")
RBI ED, ex-bankers, in fray for chairman post at PSBs
Bank of India's Q4 loss acts as wake-up call for govt to fast-track appointments
 "RBI ED, ex-bankers, in fray for chairman post at PSBs")
Follow thy neighbour is not a good policy in banking: S S Mundra
For making lending decisions, banks must carry out their own due diligence and take on risks accordingly
 "Follow thy neighbour is not a good policy in banking: S S Mundra")
With high credit growth, Bandhan to start bank with Rs 11k cr credit base
The micro finance institution has a client base of nearly 6.5 mn
 "With high credit growth, Bandhan to start bank with Rs 11k cr credit base")
Banks' loans rose 10% y-o-y in two weeks to May 15: RBI
Outstanding loans fell Rs 47,850 crore to Rs 66.32 lakh crore in the two weeks to May 15
 "Banks' loans rose 10% y-o-y in two weeks to May 15: RBI")
Bank of Maharashtra cuts base rate by 25 bps to 10%
This will be effective from June 1
 "Bank of Maharashtra cuts base rate by 25 bps to 10%")
 "BoI posts net loss of Rs 56 cr in March quarter on high NPA provisions")
 "Rate cut expected despite monsoon uncertainties")
Happy to let PDMA go to govt: Rajan
Rajan said that there was full understanding between him and the Finance Minister Arun Jaitley on setting up of the PDMA
 "Happy to let PDMA go to govt: Rajan")
Fullerton India to enter affordable housing finance
The home loan arm will be called Fullerton Home Finance Company
 "Fullerton India to enter affordable housing finance")
RBI to prescribe net stable funding ratio for banks
NSFR limits over reliance on short-term wholesale funding
RBI introduces new category of prepaid payment instruments for mobility cards
Rationale behind introduction of these cards is to reduce the cash transactions in the system
 "RBI introduces new category of prepaid payment instruments for mobility cards")
Performance review norms by boards also for private banks: RBI
A notification in this regard was issued to all managing directors and chief executives of all private sector banks
 "Performance review norms by boards also for private banks: RBI")
Bank NPAs in Odisha mount to 8.26% in FY15
Out of total outstanding advances of Rs 94,755 cr made to various sectors by the banks, Rs 7,830 cr (8.26%) loans have turned NPA by March end
 "Bank NPAs in Odisha mount to 8.26% in FY15")
FIPB defers Kotak Bank's proposal to hike FDI limit
The FIPB, however, cleared the proposals of Den Networks, Biocon and Torrent Pharma
Banks want RBI to do more than just cut rates to spur lending
Expect the central bank to take steps to boost liquidity if it wants to see pick-up in credit growth
 "Banks want RBI to do more than just cut rates to spur lending")