Page 1159 - Finance News
Corporation Bank to raise Rs 500 cr through Tier-I Basel-III bonds
Each bond is priced at Rs 10 lakh and minimum application size is fixed at 10 bonds
 "Corporation Bank to raise Rs 500 cr through Tier-I Basel-III bonds")
Overnight rates ignore RBI rate cut
Banks have also been borrowing from RBI's emergency funding window, the marginal standing facility, on a daily basis
 "Overnight rates ignore RBI rate cut")
RBL Bank launches digital wallet for online retailers
The bank has tied up with TranServ, a digital payments company for this initiative
 "RBL Bank launches digital wallet for online retailers")
BIFR outlived its utility; needs to be shut down
Promoters resorting to board for delay recovery: Bankers tell Fin Min
 "BIFR outlived its utility; needs to be shut down")
Govt borrowing to stay high after fiscal consolidation: RBI official
The government is committed to fiscal correction path and fiscal consolidation but challenges abound for bond traders and markets
 "Govt borrowing to stay high after fiscal consolidation: RBI official")
RBI mandates level playing field for old borrowers
Regulator cracks down on customer discrimination by banks
 "RBI mandates level playing field for old borrowers")
Kotak Mahindra Bank launches Jifi Saver
The social savings bank account can be seamlessly managed via Twitter and Facebook
 "Kotak Mahindra Bank launches Jifi Saver")
Muthoot Finance to act as Business Correspondent of YES Bank
In June last year, RBI changed guidelines allowing banks to appoint non deposit taking NBFCs as their BCs
 "Muthoot Finance to act as Business Correspondent of YES Bank")
Oriental Bank cuts fixed deposit rates by up to 0.5%
The bank will also look at cutting base rate or minimum lending rate soon
 "Oriental Bank cuts fixed deposit rates by up to 0.5%")
LIC increases stake in Central Bank of India to 15%
Earlier, LIC held a stake of 9.49% in the Bank. This was raised by 5.51%
 "LIC increases stake in Central Bank of India to 15%")
ICICI Bank allows users to transfer funds via Twitter
Customer needs to have mobile number registered with bank and sender and receiver both need to have a Twitter account
 "ICICI Bank allows users to transfer funds via Twitter")
Two banking stalwarts to call it quits today
Bank of India's KV Krishnamurthy and ICICI's HN Sinor are a study in contrast
IFC to take minority stake in Bandhan Financial Svcs & proposed new Bank
World Bank's investment arm to infuse Rs 580 crore
 "IFC to take minority stake in Bandhan Financial Svcs & proposed new Bank")
Bank employees to strike work from January 21
Employees are protesting against the 'rigid and callous attitude' of Central Government in resolving the long pending wage revision issue
 "Bank employees to strike work from January 21")
Banks set for lending rate action this week
SBI, IDBI Bank among a host of lenders holding asset-liability panel meets
 "Banks set for lending rate action this week")
Tapping private sector, younger talent for top job at govt banks
Like the recent appointments, this time as well, PSBs would have a non-executive chairman, giving operational responsibility to the MD and CEO
 "Tapping private sector, younger talent for top job at govt banks")
HDFC Bank, SBI now among top 50 most-valued global banks
Sharp rally in their stocks propel rankings; 4 Chinese banks figure among top 10
 "HDFC Bank, SBI now among top 50 most-valued global banks")
Lower rates unlikely to translate into higher demand for bank credit
Borrowers may continue to wait hoping for rates to fall further
 "Lower rates unlikely to translate into higher demand for bank credit")
Fall in US yield curve triggered RBI rate cut
Future interest rate reductions hinge on risk related to unwinding of dollar carry trade
 "Fall in US yield curve triggered RBI rate cut")
India Inc makes a beeline to raise bonds as rates drop
Corporate bond rates fell upto 30 bps after RBI's rate cut
 "India Inc makes a beeline to raise bonds as rates drop")