Page 1161 - Finance News
Bond yields dip near July 2013 level on US cues
Average hourly earnings of US workers fell 0.2% in December
 "Bond yields dip near July 2013 level on US cues")
 "Private lenders' contribution to Jan Dhan only 3%")
Market share gain for private banks seen accelerating sharply
State-run banks still dominate banking system with a market share of 72.1% at end of March, 2014
 "Market share gain for private banks seen accelerating sharply")
Expect growth in credit pick-up by Q2 of 2015-16: Arundhati Bhattacharya
State Bank of India chairperson says rate cut by RBI is not imminent
 "Expect growth in credit pick-up by Q2 of 2015-16: Arundhati Bhattacharya")
Kotak launches savings account that can be managed via social media
Product targets youth, online shoppers; offers several features such as mobile and DTH recharge via Twitter
 "Kotak launches savings account that can be managed via social media")
Expecting growth in credit pick up by Q2 of 15-16: SBI chairperson
Arundhati Bhattacharya expects rate cut by first quarter
SBI chief for innovative lending to contain NPAs
Says banks need to be more responsive to needs of borrowers rather than sell standard set of products
 "SBI chief for innovative lending to contain NPAs")
RBI, ECB sign MoU for cooperation in central banking
The MoU provides a framework for regular exchange of information, policy dialogue and technical cooperation between the two institutions
 "RBI, ECB sign MoU for cooperation in central banking")
Mahila Bank will have 80 branches pan-India by March
The bank is also planning to introduce app-based mobile banking from January 15
 "Mahila Bank will have 80 branches pan-India by March")
United Bank of India wants RBI to lift cap on lending
The bank also seeks permission to resume recruitment of staff and officers at branches and key units
 "United Bank of India wants RBI to lift cap on lending")
 "RBS mulls sale of Asian corporate banking biz: Source")
 "Treasury gain to boost banks' earnings")
RBI sets up fund to educate depositors
Banks have been directed to transfer inoperative deposit accounts and balances that are unclaimed for 10 years or more to the Fund
Private banks lag behind PSU lenders in opening Jan Dhan account
13 private sector banks have opened 30.47 lakh Jan Dhan bank accounts as against 8.62 crore by state-owned banks
 "Private banks lag behind PSU lenders in opening Jan Dhan account")
Bank of Baroda to raise Rs 1,000 crore through bonds soon
AT-1 bonds come with loss absorbency features, meaning that in case of stress, banks can write off such investments or convert them into common equity if approved by RBI
 "Bank of Baroda to raise Rs 1,000 crore through bonds soon")
Govt's stake dilution may not solve PSU banks' capital needs: RBI deputy governor
Says PSU banks must increase participation in the financial markets
 "Govt's stake dilution may not solve PSU banks' capital needs: RBI deputy governor")
Rajan stresses need for independent institutions with public credibility
Central bank governor says good solid institutions are key to sustained economic growth
 "Rajan stresses need for independent institutions with public credibility")
Shipping Ministry suggests restructuring of loans to shipping companies
Gadkari said the finance ministry should talk to banks for more flexibility towards the shipping sector
 "Shipping Ministry suggests restructuring of loans to shipping companies")
Banks to get commission from govt for DBT
Over 100 million accounts have been opened under the Jan-Dhan Yojana scheme
 "Banks to get commission from govt for DBT")