Page 1158 - Finance News
Four banks oppose NSEL-FTIL merger in high court
The four are Union Bank of India, DBS Bank, Syndicate Bank and Standard Chartered Bank
 "Four banks oppose NSEL-FTIL merger in high court")
RBI gives lenders more powers on ECB recast
The central bank also delegates powers to banks for changes in name of the lender of ECB
 "RBI gives lenders more powers on ECB recast")
RBI norms to protect interests of consumers soon
The central bank is in the process of framing comprehensive consumer protection regulations
 "RBI norms to protect interests of consumers soon")
RBI's directions on disclosure, loan spreads fail to impress bankers
Move likely to improve transparency in loan pricing but lenders see it as over regulation
 "RBI's directions on disclosure, loan spreads fail to impress bankers")
Banks' asset quality to improve with eco growth: ICICI chief
Issue of over-leveraging by corporates also likely to get corrected going ahead, says Chanda Kochhar
 "Banks' asset quality to improve with eco growth: ICICI chief")
Disclose full information on credit cost to borrowers, RBI tells banks
Banks to show average interest rate, fees and other charges on their websites from April 1
ECB stimulus to help RBI boost FX reserve
India, being an attractive market among BRICS economies, has been already seeing foreign flows in both debt and equities
 "ECB stimulus to help RBI boost FX reserve")
Govt to consider market linked salaries for PSB chiefs
Experience in core areas like treasury, credit could be made mandatory
 "Govt to consider market linked salaries for PSB chiefs")
RBI allows Nepalese, Bhutanese & Indian travelers to carry currency notes of Rs 500, Rs 1,000
Earlier, travelers were allowed to carry currency notes of only up to Rs 100
Yes Bank leads race for Deutsche's Indian fund arm
The deal, estimated at nearly Rs 2 bn ($32.5 mn), comes at a time of optimism in Indian markets
 "Yes Bank leads race for Deutsche's Indian fund arm")
Festive season fails to cheer NBFCs as business growth remain muted
Sentiment remains weak, companies don't expect immediate revival
 "Festive season fails to cheer NBFCs as business growth remain muted")
Only 28% of Jan Dhan Yojana accounts active
SBI, Yes Bank lead in 'zero balance accounts' under Jan Dhan Yojana
 "Only 28% of Jan Dhan Yojana accounts active")
 "L&T Finance mulls payment bank option")
IFMR eyes pension funds and insurance companies
The company has facilitated Rs 10,000 cr debt financing across verticals so far
 "IFMR eyes pension funds and insurance companies")
Interest subvention on short term crop loans to continue: RBI
These restructured loans may attract normal rate of interest from second year onwards
 "Interest subvention on short term crop loans to continue: RBI")
Bank Unions meet Jayant Sinha to press for early wage revision
Indian Banks' Association assured that wage issue will be resolved by the first week of February
 "Bank Unions meet Jayant Sinha to press for early wage revision")
 "As forward dollar premia fall, exporters resort to selling")
Jan Dhan Yojana opens 11.5 cr accounts ahead of deadline
Finance ministry acknowledges that challenge is to keep accounts active
 "Jan Dhan Yojana opens 11.5 cr accounts ahead of deadline")
Banks now check credit history for hiring too
Banks insist on good credit score before hiring
 "Banks now check credit history for hiring too")
South Indian Bank's Q3 net profit falls 38%
Higher provisions, lower net interest income drag earnings
 "South Indian Bank's Q3 net profit falls 38%")