Page 1117 - Finance News
Start-ups focus to strengthen HDFC digital platform
In its attempt to transform itself into a digital entity, the bank is looking at starts-up to tap into technological innovations
 "Start-ups focus to strengthen HDFC digital platform")
SBI to resume mega e-auction for properties next month
To hold separate auction for retail; commercial assets
 "SBI to resume mega e-auction for properties next month")
ICICI Bank changes its lending & underwriting norms to trim NPAs
Worried at rise in NPAs, decides to reduce loans to construction sector and focus on higher-rated firms
 "ICICI Bank changes its lending & underwriting norms to trim NPAs")
RBI says bank boards to do detailed scrutiny of financial results
RBI said bank boards should look at financial reports and their integrity, including NPA management
 "RBI says bank boards to do detailed scrutiny of financial results")
Ujjivan raises Rs 100 cr through NCD issue
The NCDs will be listed on the Bombay Stock Exchange
Syndicate Bank eyes Rs 55,000 crore business from AP, TS by FY16
The total business of the PSU lender grew from Rs 37,000 crore in FY14 to Rs 46,000 crore as on March 31, 2015
 "Syndicate Bank eyes Rs 55,000 crore business from AP, TS by FY16")
RBI relaxes second factor authentication for contactless cards upto Rs 2,000
Beyond this transaction limit, the card has to be processed as a contact payment and authentication with PIN will be mandatory
 "RBI relaxes second factor authentication for contactless cards upto Rs 2,000")
Malware attack targets banking apps
One way to avoid unsafe banking is to download apps only from genuine markets like Google Play
Bad loans situation may not have peaked yet: Rajan
Says that the RBI was working with lenders to recognise and resolve these non-performing assets
 "Bad loans situation may not have peaked yet: Rajan")
Indian Bank Q4 net down 24% at Rs 206 crore
During the March quarter, bank's net NPAs slightly rose to 2.5% of the net advances
 "Indian Bank Q4 net down 24% at Rs 206 crore")
ICICI Bank to expand China presence with Shanghai branch
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
Bank credit up 10.5%
According to the Reserve Bank of India, deposits at the end of May 1 grew 12.31% from the year-ago period
 "Bank credit up 10.5%")
Banks enrol 63 mn people under Jan Suraksha schemes
Among banks, SBI has highest enrolments at 16.8 million
 "Banks enrol 63 mn people under Jan Suraksha schemes")
Muthoot Microfinance to raise Rs 500 cr from PEs
Promoters of the Muthoot Pappachan group to infuse another Rs 200 cr
 "Muthoot Microfinance to raise Rs 500 cr from PEs")
Over 40 apply for five posts of MD & CEOs in five PSBs
The government, after failing to get satisfactory response from private sector, relaxed the rules for the recruitment process
New Priority sector lending rules to hit securitization in FY16: ICRA
Certain loan categories such as medium enterprises, social infrastructure and renewable energy, qualify as PSL, according to the new rules
 "New Priority sector lending rules to hit securitization in FY16: ICRA")
RBI stays on sideline as rupee hits 20-month low
Limited intervention shows that it welcomes a weaker currency and wants to save ammunition in case volatility worsens
 "RBI stays on sideline as rupee hits 20-month low")
DBS submits application to RBI to set up a subsidiary in India
The lender is looking at having a network of 50-75 branches in the next three-five years
 "DBS submits application to RBI to set up a subsidiary in India")
Bad loans will continue to plague banks: CRISIL
About 40% of restructured assets have turned NPAs, says CRISIL
 "Bad loans will continue to plague banks: CRISIL")
 "Judge reserves order in YES Bank case")