Page 1165 - Finance News
Sumitomo Mitsui may take up to 10% stake in Reliance Bank
Reliance Capital last week roped in SMTB as a strategic partner to collaborate on various businesses
 "Sumitomo Mitsui may take up to 10% stake in Reliance Bank")
Axis Bank in talks for tie-up with payments bank
RBI came out with final guidelines for Payments Banks last month, wherein the aspirants have been allowed to enter into joint ventures with lenders.
 "Axis Bank in talks for tie-up with payments bank")
 "RBI targeting inflation over medium term: Rajan")
 "Forex reserves rise $3.16 bn to $320 bn")
5 key factors likely to impact currency and bonds in 2015
RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports
 "5 key factors likely to impact currency and bonds in 2015")
Manappuram Group may apply for banking licence
The company is going for the third NCD public issue during the current financial year from January 15, 2015 to mobilise Rs 200 crore
 "Manappuram Group may apply for banking licence")
5 entities file lawsuit against ICICI Bank UK alleging mis-selling
Bank dismisses mis-selling charges, says lawsuit filed after it initiated legal recovery action over loan default
 "5 entities file lawsuit against ICICI Bank UK alleging mis-selling")
RBI can't flip-flop on interest rate: Rajan
'But what happens to inflation? Because we haven't fully solved the supply-side problem, people will get more inflation over time
 "RBI can't flip-flop on interest rate: Rajan")
 "This year, banks' loan growth least since '97")
SBI to raise Rs 4,000 cr for BPCL's petrochemical plan
BPCL will invest about Rs 14,225 cr for Kochi Refineries expansion and Rs 5,000 cr for setting up a petrochemical JV
 "SBI to raise Rs 4,000 cr for BPCL's petrochemical plan")
 "Inflation-indexed bonds lose sheen")
Know Your Customer: A challenge for banks and their customers
Bankers say if an account is used for conducting a large transaction, they sometimes seek additional documents, fearing misuse
 "Know Your Customer: A challenge for banks and their customers")
RBI may cut policy rates by 0.25% in February: Bank of America
On rupee, BoA says central bank may continue to be defensive at a level of Rs 62-63/$
Govt revives public sector bank merger issue
Plans 2-day brainstorm to draw blueprint for banking sector reforms
 "Govt revives public sector bank merger issue")
IBA terms staff unions' demand for 23% wage hike irrational
Banks offer 11% hike on salary and allowances
 "IBA terms staff unions' demand for 23% wage hike irrational")
Why charge customers for using ATM, HC asks RBI
Court says levying of charges is highly 'arbitrary and unjustified' besides being against good banking practices
 "Why charge customers for using ATM, HC asks RBI")
Domestic banks surge in M&A league table
With the pool of high-value cross-border deals shrinking, global banks fall behind
 "Domestic banks surge in M&A league table")