Page 1114 - Finance News

RBI likely to cut policy rates by 0.25% on June 2: Citi

According to Citigroup report, lending rates have softened by 15-25 bps since the April policy

ICICI Bank, Axis cut employee headcount

Focus on lower cost-to-income ratio, digital medium

Hunt for public sector bank CEOs: Eight EDs from govt banks apply for top job

Experts say revision in eligibility criteria defeats the purpose of of opening up the vacancies to private sector players

High credit costs, low interest income hit PSBs' bottomline

Moreover, the scale of slippages (like restructured loans becoming bad assets) was higher in many public sector banks

Syndicate Bank to raise Rs 2,000 cr through QIP issue

The bank has convened an annual general meeting on June 26 to seek approval from shareholders for the proposed capital raising plan

Corporation Bank cuts lending rate by 0.25 per cent

New base rate stands at 10%; Other banks that made similar cuts include PNB, Bank of Baroda, and IDBI Bank

Naresh Takkar replaces Roopa Kudva in RBI panel for payments banks licences

The reshuffling happened after Roopa Kudva, former MD & CEO, CRISIL withdrew from the committee

Banks seek 50 bps cut in Cash Reserve Ratio

A 50 bps cut in CRR will release Rs 40,000 cr in the system, which could earn interest income and help in protecting interest margins

ICICI Bank launches voice recognition for customers

MD Chanda Kochhar says the facility 'has the potential to increase security and convenience'

Govt banks to stay closed on 2nd and 4th Sat from July

Pay revision details okayed for 2012-17, arrears to be paid from this month; total extra payout to staff will be Rs 8,300 crore a year

Sudhir Valia's Fortune Financial acquires investment banking outfit

A majority stake in Inga Capital has been acquired, show filings

Loan recovery eludes banks, even as growth rate beats China

While banks said more companies made inquiries, there was no substantial rise in loans

DHFL's education loan unit to go for brand, biz revamp

AFSL is strategically important to DHFL and its promoters, as they have identified education finance as a long-term, high growth potential segment

Action against banks that don't disburse aid money: Fadnavis

BJP President designate Raosaheb Danve alleged that most banks are run by representatives from opposition parties and that the owners of these banks have pocketed the money

Banking sector likely to witness up to 25% increase in hiring

Hiring will be across levels, with more action happening at the entry and middle management levels, says PeopleStrong Co-Founder and CEO

RBI to soon set up Central Fraud Registry

Plans to set up a structure for quick sharing of information about unscrupulous borrowers and help banks fight bad loans

City Union Bank Q4 net up 19% at Rs 99 crore

Total income rises 10.13%; gross NPA in 2014-15 at 1.86%

Small and payment banks may get licences by year-end

RBI has built defences against volatile capital flows, says Rajan

According to latest RBI data, foreign exchange reserves were at an all-time high of $353.88 bn

SBI wants two more MDs, plans HR recast

All the business verticals will now report to MDs