Page 1193 - Finance News

Cut in govt stake in PSBs

J&K Bank re-opens 115 of its 300 flood-affected branches

Says customer data, records, cash are safe

FinMin to seek Cabinet nod to bring stake in banks to upto 52%

Govt in 2010 had approved a proposal to keep the minimum shareholding to 58%

Manappuram announces NCD issue

Debentures will have a tenure ranging from 400 days to 75 months

Rajan warns of abrupt reversal of global low interest rates

He was also worried that altering the price of capital for substantial period of time distorts investment decisions and the nature of economies

BIFR grants temporary relief to SPS Steels

Restrains banks from declaring the company a wilful defaulter, for now

RBI not keen on raising inter-bank ATM usage fee

Currently, the fee is Rs 15 per financial transaction. This has been recommended to be revised to Rs 16.50, plus service tax (12%), taking the amount to Rs 18.48

SBI to open 20 more branches by 2014-end

Set up 15 new branches on Thursday, taking its network in Odisha to 799

ICICI Bank to raise at least $500 mn

The bond issue is under its updated $ 7.5 bn GMTN program

Guj HC strikes down a section in RBI's wilful defaulter circular

Says all directors of company cannot be termed wilful defaulters, identity of company different from its directors

ICICI Bank launches cardless cash withdrawal services

No debit card required for such transactions; only mobile number needed

Jan Dhan Yojana: At Rs 500, initial overdraft a tenth of promised amount

Based on the credit history banks may later decide to extend the amount

Improved biz climate to boost investment in FY15: RBI

The 2014 electoral verdict has bolstered investor confidence and raised hopes of economic revival, apex banks says in its monthly Bulletin

Jan Dhan Yojana: Performance-linked incentives for bank staff on the cards

The parameters would be the number of accounts opened, the number of households covered, the camps conducted and house-to-house surveys done

Bajaj Finance to set up housing finance subsidiary

To invest Rs 200 crore, applies to NHB

Yet to hear from UK banking regulator on subsidiarisation: SBI

Deposit-taking foreign banks that want to remain a branch must have under 100 million pounds in account balances and under 5,000 customers

ICICI Bank goes for 1:5 stock split

Board approves splitting one equity share od Rs 10 into five shares of Rs 2 each

Those who move the markets

Banks seek repo facility on Saturdays

Daily CRR maintenance posing challenge for liquidity management

Upper age limit now 70 for pvt bank MDs, CEOs

Move clears doubt on Puri, Sobti's eligibility for re-appointments