Page 1180 - Finance News
Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions
At other bank ATMs, the customers of these banks will be charged beyond three transactions
 "Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions")
UCO Bank not to allow lawyers to represent Kingfisher
Airline company responds to bank's willful default notice
 "UCO Bank not to allow lawyers to represent Kingfisher")
Syndicate Bank net hits 10-quarter low
September quarter profit plunged 33% on higher provisioning
 "Syndicate Bank net hits 10-quarter low")
RBI to auction cash management bills worth Rs 10,000 cr
Auction will be conducted on using multiple price auction method
 "RBI to auction cash management bills worth Rs 10,000 cr")
Vijaya Bank net up 5.5% to Rs 144 crore in Q2
The Bank plans to raise Rs 600 crore via QIP issue in January
 "Vijaya Bank net up 5.5% to Rs 144 crore in Q2")
Syndicate Bank net declines 33% to Rs 316 cr in Q2 on higher provisions
The Bank plans to mobilise Rs 1,150 crore through Tier-II bonds in Q3
 "Syndicate Bank net declines 33% to Rs 316 cr in Q2 on higher provisions")
Banks resume financing of commercial vehicles
Most lenders claim bad loan worries a thing of the past
 "Banks resume financing of commercial vehicles")
Asset quality slippage has hit bottom; recovery still away, says Moody's
Any improvement in asset quality will be U-shaped rather than V-shaped, Moody's said grad
 "Asset quality slippage has hit bottom; recovery still away, says Moody's")
...but barring SBI, state-run banks are still all at sea
Customers using e-commerce websites are young and techno-savvy
 "...but barring SBI, state-run banks are still all at sea")
Weak corporate financial health affecting banks' asset quality: Moody's
Says non-performing assets of banks will continue to act as a drag on the bank's credit quality
'Fin services consumers most loyal'
The banking consumers also scored highest loyalty points when it came to loyalty schemes and credit card schemes
Cut in repo rate unlikely to boost investments: CRISIL Research
The chorus on an interest rate cut to revive the economy has got louder with the recent climbdown in inflation
 "Cut in repo rate unlikely to boost investments: CRISIL Research")
Union Bank cuts loan rates for medium enterprises up to 375 bps
New rate effective today, will be 12.25-13.75% range; base rate unchanged, spread narrowed
 "Union Bank cuts loan rates for medium enterprises up to 375 bps")
Alert customers before clearing high-value cheques, RBI tells banks
Banks have been asked to send an SMS alert when cheques are received for clearing and examine cheques under UV lamp for clearance beyond Rs 2 lakh
 "Alert customers before clearing high-value cheques, RBI tells banks")
Bond yields fall on expectations of rate cut by central bank
The yield on the 10-year bond ended at a 14-month low of 8.19% compared with Monday's close of 8.26%
 "Bond yields fall on expectations of rate cut by central bank")
Piramal raises $50 mn for offshore fund
The offshore fund, which has a corpus of $150 million, will invest in residential projects in India
 "Piramal raises $50 mn for offshore fund")
Allahabad Bank cuts term deposit rate by 15 bps
The rate cut will be effective from November 10
 "Allahabad Bank cuts term deposit rate by 15 bps")
Govt banks re-evaluating ATM charges
Private sector lenders on wait-and-watch mode
 "Govt banks re-evaluating ATM charges")
Lenders may recast Rs 1 lakh-cr more by March 2015
Around one in four of the 500 largest corporate borrowers may formally be tagged as financially distressed
 "Lenders may recast Rs 1 lakh-cr more by March 2015")
Private sector banks turn spotlight on small businesses
As per RBI guidelines, Micro and Small Enterprises are ones in which loan size is up to Rs 5 cr
 "Private sector banks turn spotlight on small businesses")