Page 1137 - Finance News
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")
Improvement in banks' asset quality to take time: S&P
Rating agency cites says problems in mining and infra sectors, which are yet to be resolved, will have bearing on banks' balance sheets
 "Improvement in banks' asset quality to take time: S&P")
Here's why Edelweiss is bullish on PSU banks
Despite the market's concerns, the financial services company believes public sector banks may do better than expected
 "Here's why Edelweiss is bullish on PSU banks")
SBI to improve property auction process
SBI sold 124 of the 450 properties put through auction on an electronic platform, for about Rs 90 cr
 "SBI to improve property auction process")
Rajan plays the role of an interviewer
Rajan started by asking whether as a central banker to the world of sorts, Lagarde manages enough sleep at night
 "Rajan plays the role of an interviewer")
HDFC Bank launches app to allow customers transfer money to phone contacts
Chillr app has been developed by Kochi-based MobME
 "HDFC Bank launches app to allow customers transfer money to phone contacts")
Lagarde underlines risks from strengthening dollar
Notes foreign debt-heavy Indian firms vulnerable; also says central banks need to be ready to act on market volatility, praises RBI record in this regard
 "Lagarde underlines risks from strengthening dollar")
Vijaya Bank plans to start lending corporates from Q3 of 2015-16
The Karnataka-based bank expects a 15-16% credit growth
 "Vijaya Bank plans to start lending corporates from Q3 of 2015-16")
Canara Bank sells over Rs 11.54-cr shares in CARE rating
The bank's shareholding came down to 10.3% from the earlier 10.5% following the stake sale
 "Canara Bank sells over Rs 11.54-cr shares in CARE rating")
Mahindra & Mahindra Financial Services eyes universal bank licence
Says guidelines for new banks in private sector did not provide any flexibility for NBFCs in 2013
 "Mahindra & Mahindra Financial Services eyes universal bank licence")
SBT rights issue opens on Tuesday
Equity shares being offered in the ratio of 1:5
 "SBT rights issue opens on Tuesday")
Andhra Bank to raise Rs 120 crore in additional equity
Will issue 1,32,31,888 equity shares to the govt
 "Andhra Bank to raise Rs 120 crore in additional equity")
 "Dena Bank risks negative rating action")
Govt mulls priority sector lending certificates for banks
This will be a part of the government's "re-orientation" of the priority sector lending schemes
 "Govt mulls priority sector lending certificates for banks")
YES Bank increases balance slabs for 7% interest on savings account
Officials claim it is still most competitive; less balance would earn 6% interest
 "YES Bank increases balance slabs for 7% interest on savings account")
SBI extends mega auction time by 1 hour on heavy demand
In a first-of-its-kind move, SBI has put on block around 300 properties worth Rs 1,200 cr
Tax-free bonds to receive tepid response for FY16
Tax free bonds are popular with high net worth individuals as the interest is tax free
 "Tax-free bonds to receive tepid response for FY16")
Tax-free bonds seen receiving tepid response in FY16
Bond yields rise to two-month high due to higher inflation
 "Tax-free bonds seen receiving tepid response in FY16")
 "RBI relaxes KYC norms for proprietary firms")
SBI prices shares to government at Rs 295.59
It would issue 100.4 million shares on preferential basis for Rs 2,969.99 crore