Page 1196 - Finance News
What makes Mallya a 'wilful defaulter'? All you need to know about wilful defaults
Such classfication brings with a high cost, including closing of formal credit channels, and likely criminal proceedings
 "What makes Mallya a 'wilful defaulter'? All you need to know about wilful defaults")
Vigilance Commission questions top-level appointments in PSBs
The names of the officials were shortlisted during the tenure of the last UPA government
 "Vigilance Commission questions top-level appointments in PSBs")
UBI declares Mallya wilful defaulter
Kingfisher Airlines says it will contest bank's move in Supreme Court
 "UBI declares Mallya wilful defaulter")
SBI signs $152-mn export pact with Japanese bank
Agreement was signed by SBI Chairperson Arundhati Bhattacharya and JBIC Governor Hiroshi Watanabe in Tokyo
 "SBI signs $152-mn export pact with Japanese bank")
JICA extends loan of Rs 3,500 cr for energy sector
The assistance will promote renewable energy generation and efficient energy use in MSMEs
 "JICA extends loan of Rs 3,500 cr for energy sector")
Convey credit decisions early: RBI
Banks given 30 days to put in proper system of loan approval
 "Convey credit decisions early: RBI")
Reliance Capital's banking plan gets a Japanese touch
Reliance Capital - the NBFC arm of the Anil Ambani group - will once again try its luck for a bank licence
 "Reliance Capital's banking plan gets a Japanese touch")
Banks keep festive offers low-key as RBI frowns
In fact, some private sector lenders have decided to skip advertising these altogether
 "Banks keep festive offers low-key as RBI frowns")
Norms to raise additional tier-I, II capital eased
Call option on additional tier-I (AT1) capital permissible after five year instead of 10 years
Credit dividend on shares to savings bank account to be treated as a transaction: RBI
The account cannot be declared dormant even if no other transaction has taken place for two years
 "Credit dividend on shares to savings bank account to be treated as a transaction: RBI")
RBI amends Basel III guidelines for banks
The RBI said banks can now issue additional Tier 1 capital to retail investors subject to board approval
RBI asks banks to set timeline to process loans
Move came after RBI noticed that there have been inordinate delays by banks to convey credit decisions
RBI gives 30 days to banks on loan disbursal timelines
Asks banks to maintain a monitoring mechanism to check any delays
 "RBI gives 30 days to banks on loan disbursal timelines")
RBI rule handicaps India's infrastructure hopes
By barring banks from buying bonds issued by other banks, RBI has hampered liquidity, say analysts
 "RBI rule handicaps India's infrastructure hopes")
'Allahabad Bank should opt for long-term infra bonds'
Allahabad Bank might need to rely on volatile high-cost bulk deposits and certificates of deposit for refinancing
 "'Allahabad Bank should opt for long-term infra bonds'")
SC judgment raises bankers' worries
The apex court will start hearing from 1 Sept to decide the fate of 218 coal blocks allotted
 "SC judgment raises bankers' worries")
Counterfeiters lapping up Rs 100, 1,000 bills: RBI
Banking system detected over 2.52 lakh pieces of counterfeit notes of Rs 500 denomination in FY14
 "Counterfeiters lapping up Rs 100, 1,000 bills: RBI")
Credit growth slows to 12.6% in July; corp demand falls to 10%
Deceleration in credit growth was observed in infrastructure, basic metals, textiles, chemicals and food processing industries
 "Credit growth slows to 12.6% in July; corp demand falls to 10%")
