Page 1151 - Finance News

Lakshmi Vilas Bank expands presence in Maharashtra

Currently, the bank has close to 1,100 outlets in 16 states and Union Territory of Puducherry

Govt needs to focus on graft: Parekh

With the government's Digital India drive, and a promised deadline of April 1, Parekh believes the country will make some good headway in the days to come

Banks to refer export default cases to ED: RBI

Banks should run checks on clients for compliance with KYC and anti-money laundering rules; doubtful cases and should be referred to the ED

Pockets: ICICI Bank's answer to payments banks

Open to JV for latter entity once applicants get licence, says Kochhar

Banks in Punjab opened 29.45 lakh a/c under Jan Dhan Yojna

40,481 camps were organised by banks to achieve the number of accounts

Banks collect Rs 248 cr under PMJDY

The total accounts included 2.8 million accounts opened in rural areas and 1.3 million accounts in urban areas

Standard Chartered appoints a new Regional Head for Brand & Marketing

Lakshmi Goyal will oversee all brand and marketing initiatives for the bank

PNB raises Rs 1000 cr through long term bonds

The bank had reported a marginal 2.5% increase in net profit to Rs 775 crore in the third quarter

RBI tightens compliance after suspected Iran export scam

The move to tighten monitoring of export finance deals comes after investigators uncovered an invoicing scam suspected to be part of a multi-billion-dollar scheme to exploit Western financial sanction

Govt's decision on capital infusion in PSBs to trigger consolidation

The move might curtail growth ambitions and debt capital will become costly

Banks buying more of G-secs due to hopes of larger gains

The benefits in the form of higher profits are seen coming in before the close of the fiscal

Bank employees to go on strike from February 25-28

IBA had proposed to improve wage hike offer from 12.5% to 13% and said that the 19.5% rise sought in wages by the unions was unacceptable

4 UP companies in fray for Small Finance Bank licence

In November, RBI had introduced the concept of niche banking in India by issuing norms for payments and small finance banks

Banks need to be mandated to become brokers: Reliance Life

Only then will there be an open architecture in bancassurance, the insurance company says

Bank of India to raise Rs 642 cr by selling shares to LIC, New India

The bank has decided to issue and allot up to 2.26 crore of Rs 10 each for cash at Rs 283.50 per share

SLR cut credit positive for banks: Moody's

Says it will provide them with greater flexibility to manage liquidity and improve profitability

Bharatiya Mahila Bank on expansion mode, proposes to open 35 more branches

The bank will also launch a mobile application

Lenders need to improve asset quality: R Gandhi

Stressed assets in the Indian banking system are estimated at more than Rs 6 trillion

RBI conducts liquidity operations on Saturday to tackle outflows

Uses MSF route to help banks tide over tight liquidity brought on by tax outflows

Perform or perish: Govt's message to public sector banks

Govt's message to public sector banks: Perform or perish