Page 1163 - Finance News

IDBI Bank plans to raise Rs 3,000 cr via infra bonds in Q4

Rating agency CRISIL has assigned an "AA+/Stable' rating to the bond issue and reaffirmed its ratings on the bank's existing debt instruments

After Rajan, now PSB heads question farm-debt waivers

Last month, RBI Governor had said that debt waiver schemes have constrained flow of credit to farmers

Central Bank to raise Rs 660 cr

The money will be raised through conversion of perpetual non-cumulative preference shares held by the govt into equity shares

State-owned banks want govt to give up control

Gyan Sangam blueprint suggests empowerment on boards, on the lines of Nayak panel suggestions; govt to take decision shortly

PM against interference in PSBs, but supports political intervention

Modi said with public sector banks controlling 81% of branches and 77% of deposits, their net profit should improve from the current levels of 45%

FM promises more autonomy to PSU banks

Says the level of bad assets in the system is 'unacceptable'

Bank management, unions meeting called to avert strike

Unions have called for a one day and 4-day strike over the wage hike issue

Bankers' meet to address performance gap between state-owned and private banks

The retreat will explore best practices in both sectors, including issues of people management, technology, and improving asset quality

Disclose company name in products: RBI

This will help the public to correlate a product brand name to the name of the entity/company authorised under the Payment and Settlement Act, 2007 (PSS Act)

RBI relaxes client due diligence measures for NBFCs

KYC will be required every ten years for low risk and eight years for medium risk individuals, from five and two years respectively

Need to rethink public sector banks' strategy: Financial services secretary

Says asset quality, low credit offtake key concerns for PSBs

Not just credit cost, other factors also slowing loan offtake: Mundra

Experts believe that to spur growth, interest rate should have to come down, as inflation has softened

Govts should give up control in banks: McKinsey

Consultant cites global best practices on a three-tier structure - very large banks, policy banks and state-linked banks

Jan Dhan Yojana crosses 100-mn mark

Ministry claims 98.4% households now have bank accounts

Govt open to private-sector candidates for top jobs at PSBs

Chances of such appointments not ruled out if recommendations come from the search committee

ICICI launches 'digital village' project; adopts Gujarat village

The project was announced today to coincide with the 60-year-celebration of the ICICI group's existence

Bank accounts for all set to become a reality

Fin Min says 98.4% households now have bank accounts; Jan Dhan crosses the 100 million mark

Dena Bank hikes interest rates on FNCR deposits

Five-year, dollar-denominated deposits now attract 4.77 per cent rate of interest

Create structures for easy capital to PSU banks: Banking Secy

Says mergers and acquisitions are not the only way for consolidation in public sector banks

Need to rethink strategy for PSU banks: banking secretary

Says asset quality, low credit offtake major concerns