Page 1116 - Finance News
Jaitley to soon meet PSU bankers on NPA, stake sale issues
Says NPAs is an area of concern
 "Jaitley to soon meet PSU bankers on NPA, stake sale issues")
 "Banks go slow in opening rural branches")
Conditions not ripe for fuller Rupee convertibility: RBI official
G Padmanabhan said there was also a threat of contagion from disturbance in global financial markets in capital account convertibility
 "Conditions not ripe for fuller Rupee convertibility: RBI official")
Banks structure tailor-made offers for e-commerce shoppers
The number of mobile internet users was 173 mn at the end of December 2014 and was likely to go up to 213 mn
 "Banks structure tailor-made offers for e-commerce shoppers")
 "Credit card base crosses 20-mn mark, first time since Feb 2010")
Debt funds seen as good investment avenue due to hopes of further rate cuts
Yields are higher by 10-15 basis points without any fundamental change to the outlook
 "Debt funds seen as good investment avenue due to hopes of further rate cuts")
Bond yields fall amid value buying
The yield on the 10-year benchmark bond ended down five basis points compared with its previous close at 7.90%
 "Bond yields fall amid value buying")
MSMEs in state got Rs 7,800 cr advance in FY15
Out of the total credit, micro units are assisted with Rs 9,559 crore, small enterprises are financed to the tune of Rs 8,188 crore and the balance has gone to the medium enterprises
FIPB to consider Kotak Bank's FDI proposal on May 28
The private lender has approached FIPB to seek the nod for raising foreign investment cap in the bank to 55%
 "FIPB to consider Kotak Bank's FDI proposal on May 28")
Kamath to quit current posts shortly
He'll be moving to Shanghai, the headquarters of the New Development Bank
 "Kamath to quit current posts shortly")
 "Banks may get to stake claim on benami property")
Muthoot Exim to expand used-gold buying business
The company is targeting to buy around two tonnes of used-gold directly from customers through these stores
 "Muthoot Exim to expand used-gold buying business")
UBI to bank on mining, steel sectors for turnaround
Unless the mining, iron and steel industries comes out of the problem, it is very difficult for us to make a turn around, says UBI's MD and Chief Executive
 "UBI to bank on mining, steel sectors for turnaround")
Enough space for China banks to complement India story: Kochhar
Says they will focus on Indian corporates doing business in China and the Chinese companies looking to invest and trade with India
 "Enough space for China banks to complement India story: Kochhar")
PM Modi inaugurates ICICI Bank's first branch in China
Bank opened representative office in Shanghai in 2003, this March it got the nod to expand it into a branch
 "PM Modi inaugurates ICICI Bank's first branch in China")
 "RBI's govt bond auction devolves partially")
All you need to know about contactless debit and credit cards
State Bank of India and ICICI Bank have launched contactless cards in the country, which will help make transactions faster
 "All you need to know about contactless debit and credit cards")
FM wants action on common demat account, uniform KYC
RBI informed the council about the measures being taken at banks for timely detection of fraud. The council took note of the developments and the suggestions made
 "FM wants action on common demat account, uniform KYC")
S K Kalra given additional charge as Andhra Bank managing director
will hold the additional charge for a period of three months, or till the date of appointment of a regular managing director
 "S K Kalra given additional charge as Andhra Bank managing director")
Bad loans haven't peaked yet: Rajan
Central bank plans IT subsidiary to check cyber frauds
 "Bad loans haven't peaked yet: Rajan")