Page 1192 - Finance News

India Inc's August foreign borrowings up at $5.07 billion

Indian companies had raised $2.31 billion from the foreign markets in the corresponding month in 2013

IDFC, Bandhan gearing for banking forays

No free lunch: Rajan on ATM transactions

Second authentication for small value payments through credit cards can be reduced subject to conditions

DBT commission for banks likely at 2%

Robust review before PSU bank chiefs are selected

Previous govt had selected some for appointment in PSBs to replace many CMDs EDs due for retirement in 2014-15

Ahead of policy review, Rajan rules out repo cut

Asks govt to free diesel prices, says economic recovery still uneven

Loan scams: Rajan warns banks on outsourcing key internal jobs

Says better project evaluation through improved internal skills is needed

Rajan bats for more freedom to state-run banks

Says they should be seen as independent entities and not an extension of the govt

Axis Bank launches e-surveillance facility for ATMs

Under the facility, ATM premises will be monitored 24x7 from a centralised security operation centre

Jan Dhan: Rajan cautions banks against running after numbers

Asks them not to compromise on core objectives of the programme

Digitisation could reduce cash circulation by up to 30%, says report

A BCG report projects that increasing digitisation of services by banks could also improve efficiencies, especially in PSBs

Growing digitisation is a warning to cash: BCG

Says about 30-40% of cash in circulation now will be replaced with digital transactions

Bond yields seen falling

Kingfisher loan default only a trickle: Vinod Rai

Former CAG has stressed need to understand trend of NPAs of private lenders being very low in comparison to that of public lenders

J&K Bank wants hefty premium to sell its 5% stake in PNB MetLife

Was earlier exploring opportunities to sell its shares in the insurance joint venture for around Rs 700 cr

HDFC Bank goes green, sends debit card PIN by SMS

The Green PIN is the OTP sent to the customer's mobile with which the customer can set the debit card PIN at the bank's ATM

General insurance wage talks tomorrow, many ready to join NPS

Non-life insurers have around 70,000 employees, of which around 50,000 had already moved on to New Pension Scheme

RBI may issue final norms on small, payments banks in 2-3 months

The proposed small banks will provide a whole suite of basic banking products such as deposits and supply of credit, but in a limited area of operation

Money laundering: RBI takes action against erring UCBs

Central bank has also asked state govts to take stern action against any other erring Urban Cooperative Banks

HDFC Bank to send debit card PINs via SMS

Move not just environment friendly but also convenient and saves time of both customers and bank