Page 1175 - Finance News
'New rules to have short-term effects on profits of NBFCs'
But the phased introduction of the norms is likely to cushion any adverse impact on the NBFCs, he added
India needs more and also bigger banks: Citibank India CEO
Talking about Citibank in India, country head Pramit Jhaveri said the bank has been running in India for 112 years and it has significant growth opportunities
 "India needs more and also bigger banks: Citibank India CEO")
ING deal precursor to 'Achche Din': Uday Kotak
Says the Rs 15,000-crore merger will create a world-class financial institution of size and scale
 "ING deal precursor to 'Achche Din': Uday Kotak")
India needs more banks, but bigger banks too: Citi India CEO
Says banks in India remain smaller than their peers globally and therefore there was a strong case for larger banks
 "India needs more banks, but bigger banks too: Citi India CEO")
RBI asks banks to be cautious on inoperative account payments
Also asked banks to carry out proper due diligence in accordance with risk category of the customers
 "RBI asks banks to be cautious on inoperative account payments")
Retail bond issuance preferred route of fund raising for NBFCs despite costs
Muthoot Finance is planning to raise Rs 400 cr by public issue of bonds
 "Retail bond issuance preferred route of fund raising for NBFCs despite costs")
Not so cheerful mood at ING Vysya HQ
But business as usual in Hyderabad, as staff were expecting the merger
 "Not so cheerful mood at ING Vysya HQ")
No hasty steps on ING Vysya, says Kotak
Says after acquiring, no rush to cut costs
 "No hasty steps on ING Vysya, says Kotak")
Kotak-ING Vysya merger: Old pvt banks get thumbs up
Many were up between 3-6%, even as an index tracking banking sector hit an all-time high
 "Kotak-ING Vysya merger: Old pvt banks get thumbs up")
ICICI Bank not to hire aggressively, skips attrition replacement
The bank which more than doubled its headcount in last five years, has decided not to hire aggressively for now
 "ICICI Bank not to hire aggressively, skips attrition replacement")
 "RBI cautions against credit card frauds in its name")
RBI stresses on pricing for infrastructure services
Says this is necessary so that the project is viable and is remunerative for service providers
 "RBI stresses on pricing for infrastructure services")
RBI policy allows ING to hold 10% in merged entity: Uday Kotak
There is an element of fat and it will be addressed in an evolutionary manner, Kotak said referring to the merger
 "RBI policy allows ING to hold 10% in merged entity: Uday Kotak")
Why India needs more bank marriages
With new banks likely to be cleared by RBI soon, consolidation is expected to pick up to gain market share
 "Why India needs more bank marriages")
Kotak Mahindra-ING Vysya Bank merger at reasonable valuations
While multiple synergies and lower-than-expected dilution are positives, the combined entity's return ratios will see some pressure in the near term
SBI Chief says Adani's Carmichael project viable
Bank's board to take final decision on $1-billion loan
 "SBI Chief says Adani's Carmichael project viable")
No festive cheer for banks this year
Bankers say this festival season demand for loans more muted than last year's
FM asks banks to step up credit flow, reduce bad loans
Jaitley assured banks that their professional decisions would not be influenced by instructions from the Centre and asked them to act without any fear or favour
 "FM asks banks to step up credit flow, reduce bad loans")
Inform customers about fall in minimum balance, RBI directs banks
RBI said banks shall adhere to the additional guidelines while levying charges for non-maintenance of minimum balance in savings a/c
 "Inform customers about fall in minimum balance, RBI directs banks")