Page 1153 - Finance News
Edelweiss to compete with banks
Diversified financial services structure is the way to go: Rashesh Shah
 "Edelweiss to compete with banks")
Payments banks' aspirants expect RBI to be more liberal in granting licences
Low risk, RBI's objective of financial inclusion boost hope
 "Payments banks' aspirants expect RBI to be more liberal in granting licences")
 "Not going to judge Modi's 1st full-year Budget: Rajan")
 "Bank of Maharashtra launches app 'MahaMobile'")
FX Mart only player from Punjab to apply to RBI for payment bank
Payments banks, with a focus on payments and remittance services, cannot give out loans
 "FX Mart only player from Punjab to apply to RBI for payment bank")
RBI unveils countercyclical capital buffer norms for banks
This is a move to ensure streamlined flow of credit in times of stress
 "RBI unveils countercyclical capital buffer norms for banks")
Banks in India feel squeeze of rock-bottom fees, despite big deals
Seven banks, including four foreign ones, managed the government's sale of a 10% stake in Coal India
 "Banks in India feel squeeze of rock-bottom fees, despite big deals")
Bad loans rise at three mid-sized state lenders
Gross NPA at Indian Overseas Bank rises to 8.12%, shares drop 10%
 "Bad loans rise at three mid-sized state lenders")
Large credit cost to keep bank profits under pressure in FY16
India Ratings says outlook for banking sector said impaired asset formation likely to move closer to peak by FY16 premised on gradual economic revival
 "Large credit cost to keep bank profits under pressure in FY16")
HDFC Bank sets Rs 1,057-1,067 price range for offering
Is looking to raise up to $1.6 billion with the share offering
 "HDFC Bank sets Rs 1,057-1,067 price range for offering")
Tech M, NSE arms among niche bank applicants
RBI had 72 applications for small finance banks and 41 for payments banks by the end of Monday, the last day for getting these
 "Tech M, NSE arms among niche bank applicants")
Indian Bank stems asset quality deterioration
Focus on recovery, cautious lending help improve health of assets
 "Indian Bank stems asset quality deterioration")
Vizag co-op bank targets Rs 7500 crore business
The bank will open 15 more branches across AP and Telangana over the next three to four years
High value FDs to earn higher rate; norms to be issued soon: RBI
The higher interest rate will be payable only to fix deposits of over Rs 1 crore by individuals with no option of pre-mature withdrawal
 "High value FDs to earn higher rate; norms to be issued soon: RBI")
Canara Bank Q3 net profit rises 60% at Rs 656 crore
Bank's total income increased to Rs 12,227.86 crore for the quarter under review
 "Canara Bank Q3 net profit rises 60% at Rs 656 crore")
 "RBI allows repo for bonds issued by World Bank, Asian Development Bank")
RBI data shows retail credit grew by 15.1% y-o-y in December
A 43.6% growth in loans for consumer durables was seen y-o-y in December 2014, compared to 33.4% growth a year ago
 "RBI data shows retail credit grew by 15.1% y-o-y in December")
India Inc disappointed by RBI status quo on repo rate
CEOs say cost of funds still high, unlikely to go for loans yet
 "India Inc disappointed by RBI status quo on repo rate")
Yields rise as RBI keeps interest rates unchanged
Yield on 10-year benchmark bond rose 8 basis points compared with previous close to end at 7.73%
 "Yields rise as RBI keeps interest rates unchanged")
RBI wants foreign investors to shift to long-term debt
Last year, the central bank barred Foreign Portfolio Investors from purchasing short-term govt securities
 "RBI wants foreign investors to shift to long-term debt")