Page 1138 - Finance News
 "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
 "SBI prices shares to government at Rs 295.59")
Mudra Bank to begin as Sidbi unit: Adhia
It will later be converted to a full-fledged bank through an Act of Parliament
SBI to e-auction over 300 properties on March 14
Auction worth Rs 1,200 cr includes houses, factories, residential & commercial plots
 "SBI to e-auction over 300 properties on March 14")
Paytm now allows transfer of money from mobile wallet to bank account
India's largest m-commerce platform plans to open 50,000 retail outlets, where users can load cash into their Paytm wallets
 "Paytm now allows transfer of money from mobile wallet to bank account")
Total NPAs of banks increase to Rs 3,00,611 crore
Of the total NPAs, Rs 2,62,402 crore belonged to nationalised banks
 "Total NPAs of banks increase to Rs 3,00,611 crore")
MUDRA to start out as SIDBI unit
It will later be converted to a full fledged bank through an act of Parliament
 "MUDRA to start out as SIDBI unit")
Corporate espionage: HDFC Bank denies allegations about its role
Asserts this is an attempt to malign its reputation
 "Corporate espionage: HDFC Bank denies allegations about its role")
Manappuram eyes universal bank licence
Firm seeks to ramp up priority sector lending, is also in talks with MFIs for acquiring a stake
 "Manappuram eyes universal bank licence")
SBI aims to cut bad debt with huge online property auction
The bank will sell its repossessed flats, warehouses and offices worth a total of nearly Rs 1,255 crore
Sumitomo Mitsui Trust Bank completes acquisition of 2.77% stake in Reliance Capital
The investment has been made at Rs 530 per share representing a premium of over 11% to the stock price of Reliance Capital
 "Sumitomo Mitsui Trust Bank completes acquisition of 2.77% stake in Reliance Capital")
LIC to invest Rs 1.5 lakh crore in Indian Railways over 5 years
The investment, of Rs 30,000 crore annually, would be made through bonds issued by IRFC
 "LIC to invest Rs 1.5 lakh crore in Indian Railways over 5 years")
RBI on HK citizens acquiring immovable property
This is because Macau and Hong Kong are the two Special Administrative Regions of China
 "RBI on HK citizens acquiring immovable property")
Government appoints nine EDs at public sector banks
These appointments have happened after a long delay
 "Government appoints nine EDs at public sector banks")
Banks will transmit RBI rate cut to customers: Jayant Sinha
He said given there persists a very competitive financial service sector, once certain banks start taking action others will follow
 "Banks will transmit RBI rate cut to customers: Jayant Sinha")
Sick PSU banks can put you in trouble, IMF warns India
Report points out corporate vulnerability indicators remain elevated
 "Sick PSU banks can put you in trouble, IMF warns India")
Govt allows PSU banks to eye markets for cash if growth picks up
The move is necessitated after the FM allocated Rs 8,000 cr in his budget to the banks in FY16, well below the initially planned Rs 11,200 cr
 "Govt allows PSU banks to eye markets for cash if growth picks up")
Govt finally appoints executive directors at four state-run banks
The government appointed R P Marathe, a General Manager with Bank of Baroda, as an executive director of Bank of India
 "Govt finally appoints executive directors at four state-run banks")
Banks will wait for RBI review before deciding on lending rates: Bank of India
BoI chairman says there is a possibility of 10-20 bps cut after the April policy
 "Banks will wait for RBI review before deciding on lending rates: Bank of India")
IRFC bonds may see appetite only from insurers, pension funds
Suresh Prabhu in the rail budget had mentioned the need for market borrowings for financing remunerative projects in railways
 "IRFC bonds may see appetite only from insurers, pension funds")