Page 1136 - Finance News
 "No intention to take away significant power from RBI: Jaitley")
RBI board to seek clarity from govt on Finance Bill
Board to meet tomorrow, will take up central bank's role as debt market regulator
 "RBI board to seek clarity from govt on Finance Bill")
Union Bank expects its margins to improve next year
Bank aiming to imrpove CASA level to 31% in next two years
 "Union Bank expects its margins to improve next year")
BoI raises Rs 641 cr from share sale to LIC, New India Assurance
The issue price of shares include premium of Rs 10 per unit
 "BoI raises Rs 641 cr from share sale to LIC, New India Assurance")
RBI to talk to lenders about passing rate cuts: deputy governor
Most banks are yet to lower lending rates despite RBI's 50 bps repo rate cut
Axis Bank cuts deposit rates
Retail deposit rates slashed by 15-25 bps in select maturities
 "Axis Bank cuts deposit rates")
 "Pvt banks to raise service charges, penalties")
ABN AMRO Bank NV to re-enter India
Plans to set up operations for financing the gems and jewellery sector in India
 "ABN AMRO Bank NV to re-enter India")
RBL Bank invests Rs 50 cr in Trifecta Capital's venture debt fund
Trifecta raises fund size target up from Rs 300 cr to Rs 400 cr
 "RBL Bank invests Rs 50 cr in Trifecta Capital's venture debt fund")
Xpress Money launches Direct Account Credit services
Customers can now receive money directly into their bank accounts in India
 "Xpress Money launches Direct Account Credit services")
MF players want tax sops for pension products on lines of NPS
The Budget has made an additional tax break of Rs 50,000 into the NPS investment
 "MF players want tax sops for pension products on lines of NPS")
Prepared to deal with market volatility due to Fed move: Rajan
Says RBI will take cues from a statement by Fed
 "Prepared to deal with market volatility due to Fed move: Rajan")
Banks booking profits in bonds
It is expected the profits of banks in the fourth quarter will be driven by treasury gains
 "Banks booking profits in bonds")
Less warmth for tax-free bonds in FY16
With each rate cut, government bond yields are seen falling further, thus making returns on tax-free bonds less attractive
 "Less warmth for tax-free bonds in FY16")
Bank deposits in Kerala up 53 per cent at Rs 407,000 cr
NRI deposits grew 15.77 per cent to cross Rs 100,000 crore for the first time in the state. NRI deposits rose to Rs 104,573 crore as on December 31, 2014
 "Bank deposits in Kerala up 53 per cent at Rs 407,000 cr")
Nabard stresses on professional managements for state co-op banks
Post bifurcation, the present AP Cooperative Bank (Apcob) is to be split into two
 "Nabard stresses on professional managements for state co-op banks")
RBI may be stripped of powers to regulate govt bonds
However, sources say the central bank will be in charge of other money market instruments
 "RBI may be stripped of powers to regulate govt bonds")
A CRR cut possible prior April 7: SBI Research
The CRR was left unchanged at 4 per cent in the last policy review held on March 4.
 "A CRR cut possible prior April 7: SBI Research")
Banks resort to profit booking in bonds portfolio ahead of fiscal end
Rate cut cycle by RBI began in 2015 and so far repo rate or rate at which banks borrow funds from RBI has been cut by 50 bps
 "Banks resort to profit booking in bonds portfolio ahead of fiscal end")
Cholamandalam open to tie-ups for payments bank
Plans to shut most branches offering gold loans by end-March
 "Cholamandalam open to tie-ups for payments bank")