Page 1167 - Finance News
ED slaps notice to StanChart, TMB for FEMA violations
Total amount of contravention estimated to be around Rs 608 cr
 "ED slaps notice to StanChart, TMB for FEMA violations")
SBI approves OTS for mining-affected borrowers in Goa
The bank has proposed 30% waiver on principle loan amount to the truck owners and 40% to the barge owners
 "SBI approves OTS for mining-affected borrowers in Goa")
Steps to cut govt stake in PSBs credit positive: Moody's
Move will help PSBs raise up to Rs 1,61,000 crore from the market
 "Steps to cut govt stake in PSBs credit positive: Moody's")
 "Call rates at 2-mth high")
 "NRIs pump back more dollars on falling rupee")
ICICI Bank, Bank of Baroda fined for flouting KYC norms
ICICI Bank has been slapped with a fine of Rs 50 lakh, while BoB has been levied a fine of Rs 25 lakh
 "ICICI Bank, Bank of Baroda fined for flouting KYC norms")
Rupee volatility could delay rate cuts by RBI
Markets are in uncertain mood at home and abroad, with FIIs moving out from here in recent days; many feel the central bank would take its time
 "Rupee volatility could delay rate cuts by RBI")
Banks exert pressure on SpiceJet to repay dues
SpiceJet owes Rs 600 crore, mostly secured
 "Banks exert pressure on SpiceJet to repay dues")
RBI slaps Rs 50 lakh penalty on ICICI Bank, Rs 25 lakh on BoB
It has imposed monetary penalty on the two banks for violation of its instructions
Overnight rates rise near two-month high
Weighted Average Rate in call money market was 8.64% on Wednesday compared with 8.36% yesterday
 "Overnight rates rise near two-month high")
Debt recovery tribunals: More pain than gains for banks
Experts suggest that the law should be strengthened to ensure mandatory time bound disposal of cases
 "Debt recovery tribunals: More pain than gains for banks")
Govt's request for fresh loans to SpiceJet leaves banks in a quandary
Cash-strapped carrier promoted by media baron Kalanithi Maran was forced to cancel flights today morning
 "Govt's request for fresh loans to SpiceJet leaves banks in a quandary")
Digital push for NBFCs does not find too many takers
NBFC consumers still prefer to bank in the offline space
 "Digital push for NBFCs does not find too many takers")
Banks hire environmental, social specialists to reduce NPA risks
Hire environmental specialists to appraise proposals before sanctioning big-ticket loans
 "Banks hire environmental, social specialists to reduce NPA risks")
Rupee weakens to 13-month low
Selling by FIIs, traders, with nervousness on US Fed meet add to fall
 "Rupee weakens to 13-month low")
IBA to identify infra projects for flexible recast
Four sectors expected to benefit from the RBI dispensation are infrastructure, construction, metals and mining
 "IBA to identify infra projects for flexible recast")
'Banks as insurance brokers' provision goes into cold storage
It was one of the most-discussed porposals of P Chidambaram, the finance minister in the last United Progressive Alliance government
 "'Banks as insurance brokers' provision goes into cold storage")
 "SBI may have subsidiary to manage its vast real estate")
DCB Bank aims at 250 branches in three years
The bank serves individuals, Micro-SME, SME, mid Corporate and Agri & Inclusive Banking segments
 "DCB Bank aims at 250 branches in three years")