Page 1125 - Finance News
RBI debuts on social media with Twitter handle launch
Central bank planning to have a Facebook page
 "RBI debuts on social media with Twitter handle launch")
Week after RBI prodding most PSBs yet to cut base rates
Banks have issues with their balance sheet profiles, say PSB executives
 "Week after RBI prodding most PSBs yet to cut base rates")
Axis Bank debit card for Kochi metro rail ticketing
The bank will pay an additional royalty of Rs 209 cr to KMRL over the next 10 years for the right to be KMRL's partner
 "Axis Bank debit card for Kochi metro rail ticketing")
Kotak Mahindra Bank cuts base rate by 15 bps to 9.85%
The bank follows other private and public sector banks that had already slashed their base rates
 "Kotak Mahindra Bank cuts base rate by 15 bps to 9.85%")
HDFC Bank leads in mobile banking transactions, grows nine-fold
The bank had 1.49 mn transactions in January 2015 compared to 0.29 mn transactions in January 2014
 "HDFC Bank leads in mobile banking transactions, grows nine-fold")
Most NBFCs to adopt wait-and-watch approach to cutting lending rates
Say benefits of bank lending cuts yet to get translated
 "Most NBFCs to adopt wait-and-watch approach to cutting lending rates")
Diamond financing: IndusInd jumps in where other banks shy away
Becomes the largest pvt sector lender in a segment that most banks have exited
 "Diamond financing: IndusInd jumps in where other banks shy away")
Lakshmi Vilas Bank lowers interest rates for domestic term deposits
Deposits with a maturity period of 91-180 days has been brought down from 8.25% to 8.10%
 "Lakshmi Vilas Bank lowers interest rates for domestic term deposits")
HDFC Bank opens account in 'iWatch' banking
Becomes first Indian lender to develop mobile banking app for Apple's latest offering in India
 "HDFC Bank opens account in 'iWatch' banking")
SBI matches HDFC; Cuts home loan rate by another 10 bps for new buyers
New rate 9.9%; for existing customers, it is 10%
 "SBI matches HDFC; Cuts home loan rate by another 10 bps for new buyers")
FinMin may relax norms for appointment of CEO, MD in 5 PSU banks
As per convention, for every vacancy a minimum four candidates are interviewed by government
 "FinMin may relax norms for appointment of CEO, MD in 5 PSU banks")
More reforms likely for debt market in FY16
Credit Default Swaps could be relaunched and steps to enhance liquidity in corporate bonds may be announced
 "More reforms likely for debt market in FY16")
Mahila Bank plans to have 150 branches by Mar 2016
The bank as of now has about 1.6 lakh customers, 82% of them women
 "Mahila Bank plans to have 150 branches by Mar 2016")
Banks in Odisha sanction Rs 783 crore under CGTMSE in FY15
Cumulatively, Rs 3,832 crore has been sanctioned to 91,462 units
 "Banks in Odisha sanction Rs 783 crore under CGTMSE in FY15")
SBI cuts home loan interest rate by up to 0.25%
For women borrowers the rate has been aligned to the base rate at 9.85% per annum
Libor-like rate to help fasten policy transmission: Analysts
They say a benchmark interbank rate will be more transparent as marginal cost of funds will be determined by the market
 "Libor-like rate to help fasten policy transmission: Analysts")
DoP to seek Cabinet nod for 240 cr to set up Post Bank
DoP has plans to set up Post Bank of India under payments bank licence
 "DoP to seek Cabinet nod for 240 cr to set up Post Bank")
 "Full rupee convertibility in few years, says Rajan")
HDFC cuts home loan rates by 20 bps to 9.9%
Home loan firm gets RBI nod for $500-mn ECBs
 "HDFC cuts home loan rates by 20 bps to 9.9%")
Sahoo panel bats for lifting caps on ECBs
Recommends lifting all sectoral caps, end-use restriction but insists on firms hedging at least a specified proportion
 "Sahoo panel bats for lifting caps on ECBs")