Page 1171 - Finance News
China & India top issuers of debt in 2014
Issuance of bonds from India has risen 52 per cent, China jumps 12 per cent
SBI cuts deposit rates by 0.25%
Move comes after HDFC Bank, ICICI Bank cut deposit rates this week
 "SBI cuts deposit rates by 0.25%")
Task force bats for banking, insurance, e-commerce via post offices
Suggests setting up a holding company that should start functioning immediately
 "Task force bats for banking, insurance, e-commerce via post offices")
RBI asks banks to use standardised norms for mobile banking
The central bank stresses that time taken between registration and activation of mobile banking services should be minimal
 "RBI asks banks to use standardised norms for mobile banking")
Axis Bank raises Rs 5,705 crore via infra bond sale
To use proceeds to strengthen long-term resources for financing infra, affordable housing sectors
 "Axis Bank raises Rs 5,705 crore via infra bond sale")
Bond yields may fall sharply by end-Dec on rate cut hopes in 2015
Experts believe yield on 10-year paper will move to 7.80-7.85% by end-December, from 7.97% currently
 "Bond yields may fall sharply by end-Dec on rate cut hopes in 2015")
HDFC Bank rules out a JV for payment bank
Other large lenders may also stay away, say analysts
 "HDFC Bank rules out a JV for payment bank")
Bank strike hits transactions worth Rs 10k cr in Odisha
Public sector bank employees will go on strike in western region on Friday
 "Bank strike hits transactions worth Rs 10k cr in Odisha")
ICICI, HDFC Bank slash deposit rates by up to 50 bps
Smaller lender Yes Bank may also join the fray
 "ICICI, HDFC Bank slash deposit rates by up to 50 bps")
Ryerson Futures, Chokhani Group to launch $15-mn start up fund in India
The accelerator will invest in early stage technology businesses connected to Zone Startups India and will invest up to Rs 2.7 cr annually
RBI releases final charter of customer rights
Guidelines cover a right to fair treatment, transparency, suitability, privacy, grievance redressal & relief
 "RBI releases final charter of customer rights")
 "RBI to bring out guidelines on e-tail")
RBI doubles limit of prepaid instruments to Rs 1 lakh
Also allows rupee-denominated cards to be issued for NRI, foreign travellers
 "RBI doubles limit of prepaid instruments to Rs 1 lakh")
ICICI Bank, HDFC Bank cut retail term-deposit rates
ICICI Bank reduces rate by 25 bps, HDFC Bank by 25-50 bps on select maturities
 "ICICI Bank, HDFC Bank cut retail term-deposit rates")
Financial stocks' Nifty contribution touches 18-month high in November
In November, these stocks account for one-third of all stocks in Nifty 50
 "Financial stocks' Nifty contribution touches 18-month high in November")
Centre plan to cut PSB stake unlikely to boost efficiency
Experts say privatisation could reduce NPAs; govt could get Rs 89,120 cr from sale of stakes
 "Centre plan to cut PSB stake unlikely to boost efficiency")
RBI looking at guidelines on e-commerce:Khan
The concerns voiced by the senior RBI official come within days of Nirmala Sitharaman saying that her department was 'watching' the developments in the fledgling space
 "RBI looking at guidelines on e-commerce:Khan")
Axis Bank expects credit card business to double in 3 years
Credit card spend to grow 2-3 times from the current Rs 1,000 crore by that time
 "Axis Bank expects credit card business to double in 3 years")
Govt tells banks to pad up for relay strikes
FinMin tells PSBs to take pre-emptive steps to ensure least inconvenience to general public