Page 1155 - Finance News
Expect 25-50 bps rate cut post Budget: experts
Says RBI will act after reviewing govt's Budget
 "Expect 25-50 bps rate cut post Budget: experts")
HDFC Bank $1.6 billion share sale likely this week
The bank got govt approval last week for the share sale
 "HDFC Bank $1.6 billion share sale likely this week")
Usha Thorat, Nachiket Mor to head RBI panels for differentiated bank licenses
72 applications for Small Finance Banks and 41 applications for Payments Banks were received; numbers could go up
 "Usha Thorat, Nachiket Mor to head RBI panels for differentiated bank licenses")
Reliance, Birla join the payment bank rush
Licences for niche banks in six months; close to 100 entities apply; SBI to hold up to 30% stake in venture with RIL
 "Reliance, Birla join the payment bank rush")
Banks spent Rs 2,000 crore for opening accounts under Jan Dhan Yojana: IBA chairman
Says opening an account costs Rs 140 against estimates of Rs 80
 "Banks spent Rs 2,000 crore for opening accounts under Jan Dhan Yojana: IBA chairman")
RBI expected to keep interest rates steady until after Budget
Most economists expect the central bank to hold repo rate at 7.75%
 "Bank of Maharashtra's public offering likely in 2nd half of FY16")
 "Jan Dhan costs banks capex of Rs 2,000 cr")
Base rate cut have to wait till next quarter
Banks keen to protect margins amid sluggish credit offtake
 "Base rate cut have to wait till next quarter")
India to run current account deficit for foreseeable future: Rajan
RBI's focus on keeping inflation low and stable, says Raghuram Rajan
 "India to run current account deficit for foreseeable future: Rajan")
State Bank of Travancore net jumps 400% at Rs 74 cr
This Q3 profit is highest in the last six financial quarters
 "State Bank of Travancore net jumps 400% at Rs 74 cr")
India can achieve target of 90% of citizens having access to banking services by 2034, says PwC
Branchless banking solutions could be a smarter choice for enabling scale, the report said
 "India can achieve target of 90% of citizens having access to banking services by 2034, says PwC")
Bank of Maharashtra to reduce exposure to corporate loans
Corporate loans are less profitable as corporates bargain to negotiate interest rates to their advantage
ESAF applies for small bank license
The company meets RBI criteria and also has branches in nine states that serve more than 700,000 clients
 "ESAF applies for small bank license")
Banks can install Cash Deposit Machines, Bunch Note Acceptors sans nod: RBI
Central bank says CDMs/BNAMs may be installed at any place identified by banks with adequate security arrangements
 "Banks can install Cash Deposit Machines, Bunch Note Acceptors sans nod: RBI")
Give names of unclaimed deposit a/c on website: RBI to banks
As per government estimates, banks had Rs 5,124 crore in unclaimed deposits lying with them as of December 31, 2013
 "Give names of unclaimed deposit a/c on website: RBI to banks")
Indian Bank net profit up 5%
In percentage terms net NPA increased to 2.74 % from 2.26 % and Gross NPA rose to 4.62 % from 3.42 %
 "Indian Bank net profit up 5%")
RIL applies for payments bank licence, partners with SBI
RIL will be the promoter and SBI will be the joint venture partner with equity investment of up to 30%
 "RIL applies for payments bank licence, partners with SBI")
Aditya Birla, Future group apply for payments bank licenses
Aditya Birla Nuvo to own 51% of the bank: IDFC may pick up stake in Future Group's banking arm
 "Aditya Birla, Future group apply for payments bank licenses")
Diversified financial services model is very similar to a bank model: Rashesh Shah
Shah says DFS model can succeed despite the presence of banks
 "Diversified financial services model is very similar to a bank model: Rashesh Shah")