Page 1131 - Finance News
Govt slashes dividend payment estimates from banks, FIs for FY15
PSB profitability has been under pressure due to low interest income, higher provisioning for stressed loans and an enhanced salary bill
 "Govt slashes dividend payment estimates from banks, FIs for FY15")
Nabard net surplus up by 33% to Rs 2,400 cr
The post-tax surplus of the agri-bank in 2013-14 was Rs 1,860 crore
 "Nabard net surplus up by 33% to Rs 2,400 cr")
SBI to divest 10% in life insurance venture
Last week, SBI said it would be reducing stake in its general insurance venture from 76 per cent to 51 per cent
 "SBI to divest 10% in life insurance venture")
Customer wait time down to 3 minutes: SBI
Bank also focusing on encouraging customers to use technology tools
 "Customer wait time down to 3 minutes: SBI")
YatraGenie, Sundaram Finance to create 50,000 entrepreneurs
YatraGenie is an online bus ticketing and cab booking platform run by Bengaluru-based Paxterra Software Solutions
SBI gets approval to divest 10% stake in SBI Life Insurance
SBI Life Insurance is a joint venture between SBI and BNP Paribas Cardif
2014-15 a year of financial sector reforms
Capital infusion, infra financing, FDI in insurance etc among the many noteworthy changes
 "2014-15 a year of financial sector reforms")
Overnight rates inch up ahead of FY close
The weighted average call money rate inched up to 7.80% on Monday
 "Overnight rates inch up ahead of FY close")
Prior RBI nod may be mandatory for NBFC acquisitions
According to the proposal, an approval shall be required even for any change in the shareholding of an NBFC
 "Prior RBI nod may be mandatory for NBFC acquisitions")
RBI relaxes norms for NPA provisioning
Banks can now utilise up to 50% of provisioning buffer for making NPA provisions instead of the earlier 33%
 "RBI relaxes norms for NPA provisioning")
ICICI Bank repatriates capital from UK, Canadian arms
Canadian arm repatriates Canadian dollar 80 million, UK arm repatriates $75 million
 "ICICI Bank repatriates capital from UK, Canadian arms")
Grameena bank eyes 20% rise in deposits
Deposits grow to Rs 8,178 cr during fiscal 2014-15 as against Rs 6,791 cr as of March 2014
 "Grameena bank eyes 20% rise in deposits")
CCI dismisses complaint against Tamilnad Mercantile Bank
Order was made after a complaint filed by a timber company
 "CCI dismisses complaint against Tamilnad Mercantile Bank")
ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%
The rates have been revised downwards for deposits over Rs 1 crore by 0.25% by ICICI Bank effective today
 "ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%")
ICICI Bank gets equity capital repatriation from foreign units
The bank has commenced efforts for repatriating capital from its overseas banking subsidiaries in order to optimise capital for the ICICI Group
Equitas completes securitisation transaction worth Rs 210 crore
Company has done 19 securitisation transactions amounting to over Rs 1,270 cr since 2009
 "Equitas completes securitisation transaction worth Rs 210 crore")
RBI to soon issue norms for Central Fraud Registry: Mundra
Says the proposed institution, which will enable quick sharing of information on entities found to be defrauding banks, will work under the supervision of RBI
 "Poor investment flows to hurt United Bank's credit growth")
Tax shortfall: Finmin asks banks to deposit March TDS by month
According to official data updated till March first week, TDS collections stood at 7.49% as against 16.69% in the same period last year
 "Tax shortfall: Finmin asks banks to deposit March TDS by month")
RBI may hold rates in April, to go for 25 bps cut by June: DBS
Earlier, the central bank surprised markets by reducing benchmark interest rate by 0.25% to 7.5%
 "RBI may hold rates in April, to go for 25 bps cut by June: DBS")