Page 1190 - Finance News
PSBs need up to $37 bn capital to meet Basel-III norms
According to Moody's, low capital levels remain a key credit weakness for the public-sector bank
 "PSBs need up to $37 bn capital to meet Basel-III norms")
IFCI to partly divest stake in Tourism Finance Corporation
TFCI is another Delhi-based public financial institution set up to cater to financial needs of tourism industry
 "IFCI to partly divest stake in Tourism Finance Corporation")
IFCI to raise Rs 2,000 cr via long-term bonds in Q3
IFCI's ability to raise funds at competitive cost through capital market instruments would be critical for its competitiveness
 "IFCI to raise Rs 2,000 cr via long-term bonds in Q3")
PNB approves 1:5 share split to increase liquidity of scrip
Bank's boards in its meeting on Sept 19 discussed various options of raising capital to meet Basel-III norms
 "PNB approves 1:5 share split to increase liquidity of scrip")
Andhra Bank launches 'Kisaan Vaani'
The facility provides latest technical information on agriculture and allied activities to farmers of Andhra and Telangana
 "Andhra Bank launches 'Kisaan Vaani'")
ICICI Bank says 5% of total transactions done via mobile phone
The bank is witnessing a three times growth on a y-o-y basis on mobile transactions
 "ICICI Bank says 5% of total transactions done via mobile phone")
Rajan frowns on 'subsidising' foreign education loans
Are students studying abroad the most needy in the country or is it the most important?, he asked
 "Rajan frowns on 'subsidising' foreign education loans")
NPCI scrambles to issue RuPay cards as Jan Dhan accounts zoom
Banks have opened 4 crore accounts so far and mobilised about Rs 3,700 crore as deposits in these accounts
Rajan frowns on 'subsidising' foreign education loans
Calls for a rethink on why some sectors should get more easy credit than others
 "Rajan frowns on 'subsidising' foreign education loans")
SBI associate banks to raise Rs 33,000 cr capital in next 5 yrs
Part of the fund would be raised by the market while remaining would be provided by SBI itself
 "SBI associate banks to raise Rs 33,000 cr capital in next 5 yrs")
Senior US Fed official expects first rate hike in the spring
Richard Fisher, president of the Dallas Fed, said there are signs of financial excess in markets and that Texas wage-price pressures could become national
 "Senior US Fed official expects first rate hike in the spring")
UCO Bank mulls tagging KFA a wilful defaulter
The state-run bank has an exposure of about Rs 300 crore to the airline
 "UCO Bank mulls tagging KFA a wilful defaulter")
ING Vysya overhauls top team
Heads of operations and retail management quit
 "ING Vysya overhauls top team")
Bankers expect 15% credit growth in FY15
But they admit that corporate houses still continue to shy away from availing of bank credit
 "Bankers expect 15% credit growth in FY15")
RBI asks banks to stay vigilant against smurfing, money muling
Smurfing is a practice by which cash is broken into smaller deposits of money to defeat suspicion of money laundering
 "RBI asks banks to stay vigilant against smurfing, money muling")
Govt may borrow Rs 2.48 L-cr in second half of FY15
The fiscal deficit for the current financial year has been pegged at 4.1% of the gross domestic product
 "Govt may borrow Rs 2.48 L-cr in second half of FY15")
RBI tells banks to be careful about Jan Dhan Yojana
Says banks should have a single information sharing system by which this possible misuse could be stopped
 "RBI tells banks to be careful about Jan Dhan Yojana")
StanChart doesn't expect RBI to cut policy rates in near-term
RBI is scheduled to announce its bi-monthly monetary policy review on September 30, 2014
 "StanChart doesn't expect RBI to cut policy rates in near-term")
State Bank of India tops mobile banking chart
The bank has over 1.15 crore registered mobile banking customers
Tata Capital Housing Fin eyes Rs 4,000-cr affordable loan book
The Tata group unit expects its total loan portfolio to expand by 30% annually to reach around Rs 10,000 cr this financial year