Page 1152 - Finance News
Lenders need to improve asset quality: R Gandhi
Stressed assets in the Indian banking system are estimated at more than Rs 6 trillion
 "Lenders need to improve asset quality: R Gandhi")
RBI conducts liquidity operations on Saturday to tackle outflows
Uses MSF route to help banks tide over tight liquidity brought on by tax outflows
 "RBI conducts liquidity operations on Saturday to tackle outflows")
Perform or perish: Govt's message to public sector banks
Govt's message to public sector banks: Perform or perish
 "Perform or perish: Govt's message to public sector banks")
Only 15% of transactions happen in bank branches: ICICI Bank
The rest are being done via internet, mobile, social media or call centres, says bank ED
 "Only 15% of transactions happen in bank branches: ICICI Bank")
Banks want steps to increase liquidity in state govt bonds
Buy back of bonds, papers with varying maturity proposed
 "Banks want steps to increase liquidity in state govt bonds")
Tata Capital Financial Services to raise raise Rs 3,000 cr via debentures
NBFC arm of Tata group had assets under management of about Rs 21,000 cr at the end of March 2014
 "Tata Capital Financial Services to raise raise Rs 3,000 cr via debentures")
Repayment rules changed for inflation bonds
No interest would be paid for the period between the coupon date and that of repayment
 "Repayment rules changed for inflation bonds")
FX reserves hit new high of $328 billion
Foreign currency assets, a key component, rose $5.81 billion to $303.33 billion
 "FX reserves hit new high of $328 billion")
NBFCs turn to debt market
Some large ones, such as HDFC and L&T Finance Holdings, have seen a significant change in their funding mix
 "NBFCs turn to debt market")
RBI clarifies on foreign investments in India
The regulator also clarified that FPIs shall be permitted to invest in amortised debt instruments, provided the duration of the instrument is three years and above
 "RBI clarifies on foreign investments in India")
Dena Bank profit up 13% at Rs 76.5 cr in Q3
Total income has increased to Rs 2,867.32 crore for the quarter
 "Dena Bank profit up 13% at Rs 76.5 cr in Q3")
IDBI Bank Q3 net flat at Rs 102 cr
NPA of the bank rose to 5.94% of total advances
 "IDBI Bank Q3 net flat at Rs 102 cr")
Payments bank JV with Reliance to help us: SBI
RIL is to be promoter of the proposed payments bank and SBI will hold up to 30 per cent stake
 "Payments bank JV with Reliance to help us: SBI")
Tech Mahindra's bid for payment bank licence part of its overall digital strategy
Company is already in the mobile payment segment
 "Tech Mahindra's bid for payment bank licence part of its overall digital strategy")
Subbarao says loan waiver schemes 'not a good thing'
Former RBI governor says the money which the govts are spending on loan waiver schemes belong to tax payers
 "Subbarao says loan waiver schemes 'not a good thing'")
IDBI Bank Q3 net flat at Rs 103 cr
Total income of the bank rose to Rs 7,935.99 crore during the three month period
Earthport seeks RBI permission to enter India
Currently only banks are allowed to do bank-to-bank outward remittance
 "Earthport seeks RBI permission to enter India")
NBFCs turn to markets due to high bank lending rates
Borrow more from debt market in the current fiscal than from banks
 "NBFCs turn to markets due to high bank lending rates")
 "Bad loans weigh heavy on banks")