Page 1191 - Finance News
Banks open 40 mn accounts under Jan Dhan Yojana: FinMin
The benefit Jan Dhan Yojana can be extended to existing account holders without opening a new account
 "Banks open 40 mn accounts under Jan Dhan Yojana: FinMin")
Customers of some PSBs may not have to pay to use ATMs
Banks also believe charging for ATM transactions might deter card usage
 "Customers of some PSBs may not have to pay to use ATMs")
US Fed's hawkish stance won't affect rupee much
On Thursday, the rupee ended at 60.85 a dollar, compared with the previous close of 60.92
 "US Fed's hawkish stance won't affect rupee much")
 "10-year bond yield falls 5 bps to 8.45%")
IFC lends $50mn to PNB Housing Finance
Helps mobilise additional $50mn from other investors
Japan's Mizuho Bank to open branch in Ahmedabad by mid-2015
It will be the first Japanese bank to come up in Gujarat
 "Japan's Mizuho Bank to open branch in Ahmedabad by mid-2015")
FinMin finalises premium payment for life cover under Jan Dhan Yojana
It has been decided to set aside Rs 50 cr from Social Security Fund
 "FinMin finalises premium payment for life cover under Jan Dhan Yojana")
Norms on equity shares under FDI scheme eased
RBI says equity shares should be issued in accordance with the extant foreign direct investment guidelines on sectoral caps, pricing guidelines etc
 "Norms on equity shares under FDI scheme eased")
Bank credit growth falls below 10% after 5 years
Bank credit had last grown at a sub-10% rate in October 2009 (9.01%)
 "Bank credit growth falls below 10% after 5 years")
CCI rejects complaint against insurance regulator Irda
A complaint had alleged that banks in insurance retailing sector were imposing unfair conditions on financed clients to purchase insurance product
 "CCI rejects complaint against insurance regulator Irda")
 "Jan Dhan Yojana offers opportunity for banks: Kotak")
Cut rate to spur loan growth: Bankers to RBI
Loan growth has fallen below 11% as compared to 16.8% a year ago
On-tap licences: RBI says final norms in FY15
Presently, bank licences are given only during a particular timeframe as specified by the regulator
 "On-tap licences: RBI says final norms in FY15")
SBI cuts medium-term deposit rate by 25 bps
Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%
 "SBI cuts medium-term deposit rate by 25 bps")
Bank of Maharashtra to raise Rs 1,000 cr via Tier I Bonds
The capital adequacy ratio is around 11%
 "Bank of Maharashtra to raise Rs 1,000 cr via Tier I Bonds")
Mulling linking number of cards issued by a bank to its PoS machines: H R Khan
H R Khan, deputy governor of RBI said the idea is to reduce the number of cash transactions in the country
 "Mulling linking number of cards issued by a bank to its PoS machines: H R Khan")
Final norms for on tap bank licences this fiscal: RBI
Says RBI has made recommendations on corporate governance norms at PSBs
 "Final norms for on tap bank licences this fiscal: RBI")
 "IndusInd Bank cuts interest rate on savings accounts")
Growing digitisation to replace cash use, says BCG
Says about 30-40% of cash in circulation now will be replaced with digital transactions
 "Growing digitisation to replace cash use, says BCG")