Page 1143 - Finance News
Govt gives Ranjan Dhawan additional charge of MD of BoB
Dhawan has been entrusted the additional charge for a period of three months
 "Govt gives Ranjan Dhawan additional charge of MD of BoB")
Yes Bank to raise $100 million from IFC for green bond, women-owned SMEs
The $50 mn bonds will provide long-term finance for renewable energy projects
 "Yes Bank to raise $100 million from IFC for green bond, women-owned SMEs")
New PSL norms not encouraging enough to take WoS route: Foreign Banks
Easing of priority sector norms were key to enable foreign lender to convert their branches in subsidiaries
 "New PSL norms not encouraging enough to take WoS route: Foreign Banks")
Gold sovereign bonds to carry 1.5-2% interest rate
Scheme to be operationalised through designated banks; tax incentives for holders and exemption from CRR/SLR to banks could be carrot to popularise bonds
 "Gold sovereign bonds to carry 1.5-2% interest rate")
Don't harass pensioners, govt tells banks
Banks have been directed to not insist that retired government employees be physically present for giving life certificates for continuation of pension
 "Don't harass pensioners, govt tells banks")
Q3 bank credit growth down to 10%
Public sector banks together accounted for 73.3% share in aggregate deposits and 71.2% share in gross bank credit,
 "Q3 bank credit growth down to 10%")
Interest rate cuts may hit slow lane
Govt expects to achieve fiscal deficit target of 4.1% of GDP for FY16
 "Interest rate cuts may hit slow lane")
Government sets the ball rolling
New monetary framework for inflation targeting approved; priority-sector lending norms revised
 "Government sets the ball rolling")
Foreign funds approved for AIFs
Alternative Investment funds can now attract funds from foreign investors, which is likely to help hedge funds
 "Foreign funds approved for AIFs")
Following dismal performance in 2013-14, Sanjiv Bhasin quits as DBS CEO
Former Rabobank India chief executive Surojit Shome will be replacing him
 "Following dismal performance in 2013-14, Sanjiv Bhasin quits as DBS CEO")
Bank credit and deposit growth decelerates
Public sector banks together accounted for 73.3% share in aggregate deposits
 "Bank credit and deposit growth decelerates")
Inflation to over-perform RBI forecast, opens up space for further rate cut: Eco Survey
Dovish trajectory to make space for central bank to cut rates
 "Inflation to over-perform RBI forecast, opens up space for further rate cut: Eco Survey")
Quantum of SLR cut hinges on fiscal discipline
Emphasis on reducing required statutory liquidity ratio
 "Quantum of SLR cut hinges on fiscal discipline")
Govt banks' CEO selection opened to private sector
This is also the first time a public advertisement seeking applications has been put up on the Union finance ministry's website
 "Govt banks' CEO selection opened to private sector")
StanChart overhauls top deck
Bill Winters to replace Peter Sands, Asia CEO Bindra to step down end-April
 "StanChart overhauls top deck")
RBS to shut down its banking operations in India, retains its back office business
Retains back office biz; to begin talks with RBI about future plans of India business
 "RBS to shut down its banking operations in India, retains its back office business")
India should meet RBI inflation target by Jan 2016: SS Mundra
He said state-owned banks would need Rs 2,50,000 cr in capital to meet Basel III requirements by 2019
 "India should meet RBI inflation target by Jan 2016: SS Mundra")
Time not apt for performance-linked capital infusion in govt banks: RBI
The Finance Mnistry recently allocated Rs 6,990 cr in nine public sector banks based on their efficiency
 "Time not apt for performance-linked capital infusion in govt banks: RBI")
Rabobank India CEO steps down
Surojit Shome had taken over as the MD & CEO in 2009