Page 1156 - Finance News
Indian banking brands shine on the global stage
The country's banks are the 2nd-fastest-growing ones in combined brand value, shows Brand Finance study
 "Indian banking brands shine on the global stage")
Case for further interest rate cut tomorrow
Widening arbitrage window for dollar-carry traders attracting more hot money in debt
 "Case for further interest rate cut tomorrow")
Increased competition, profitability remain key concerns for Payment Banks
With them not being allowed to lend, these banks will be mostly dependent on fees and income earned from Treasury operations
 "Increased competition, profitability remain key concerns for Payment Banks")
Payment bank can be asset origination opportunity: Kotak
It is a 'low value-high volume' business and Kotak is looking at it as a new product market opportunity, says bank's Joint MD
 "Payment bank can be asset origination opportunity: Kotak")
RBI may cut interest rate further in policy review this week
The central bank last month announced a surprise rate cut of 25 basis points after maintaining a hawkish monetary stance for 20 months
 "RBI may cut interest rate further in policy review this week")
Public sector banks should be allowed to recruit from IITs, IIMs: SBI
Supreme Court does not allow state-run banks to go for campus recruitment to these premier institutions
 "Public sector banks should be allowed to recruit from IITs, IIMs: SBI")
IFCI to sell 2.5% stake in NSE in next 15 days
Infrastructure lender IFCI at present holds 5.44% stake in the premier bourse
 "IFCI to sell 2.5% stake in NSE in next 15 days")
Kosamattam plans Rs 200 cr NCD issue; seeks Sebi nod
The Kerala-based NBFC is into gold loan financing
RBI policy review, Q3 results to drive stock markets: Experts
Global cues, investment by overseas investors, movement of rupee against dollar and crude oil price would also influence trading
 "RBI policy review, Q3 results to drive stock markets: Experts")
IOB to raise Rs 1,000 crore through bond issue
Will use it to augment Tier-I capital, capital adequacy ratio
 "IOB to raise Rs 1,000 crore through bond issue")
Central Bank of India opens first forex hub in Gujarat at Vadodara
The bank plans to open a forex hub in Delhi before March 2015 and then march to Kolkata and Chennai later this year
 "Central Bank of India opens first forex hub in Gujarat at Vadodara")
Only 30% of loans to get SLR, CRR relief once IDFC becomes a bank
Even here, the eligibilty will apply only if IDFC has matching long-term deposits
 "Only 30% of loans to get SLR, CRR relief once IDFC becomes a bank")
ICICI net rises 14% but bad loans up
Asset quality concerns pull stock down 5%; trend sue to slippage from restructured loans and could persist for another 3 quarters, says chief
 "ICICI net rises 14% but bad loans up")
RBI forms High Powered Committee on Urban Co-operative Banks
Committee headed by deputy governor R Gandhi will submit report within three months from date of its first meeting
RBI deputy governor welcomes Airtel, Kotak Mahindra Bank tie-up
Says commercial viability and the business proposition of banks, if married to distribution and technology of telcos, can work wonders for financial inclusion
 "RBI deputy governor welcomes Airtel, Kotak Mahindra Bank tie-up")
RBI urges companies to hedge FX exposure
This, in order to fortify the country's defences against any risk of currency turmoil
 "RBI urges companies to hedge FX exposure")
 "RBI for limited capital account openness")
 "Run-up to monetary policy review: Rate cuts likely to be front-loaded")
Opaque disclosures hurt govt banks' valuations
PSU banks have failed to cash in boom time despite desperate capital need
 "Opaque disclosures hurt govt banks' valuations")