Page 1197 - Finance News
To clamp down on illicit schemes; not wary of litigations: Sinha
Determined to clamp down on ponzi and other such schemes with enhanced powers
 "To clamp down on illicit schemes; not wary of litigations: Sinha")
RBL Bank firms up plan to rapidly expand credit card base
To offer cards to individuals with no prior relationship with the bank
 "RBL Bank firms up plan to rapidly expand credit card base")
RBI can cut policy rates even if Fed hikes: BofA-ML
Rates could be cut by 75-100 basis points starting early 2015
 "RBI can cut policy rates even if Fed hikes: BofA-ML")
Universal financial access faces multiple challenges
While the banks are integrating their systems to ensure that one person does not open multiple accounts, claims processing could be a concern
 "Universal financial access faces multiple challenges")
 "Credit card & commercial real estate business improves")
Jan Dhan Yojana: Bankers go the extra mile on Day 1
Bankers work overtime to meet 1.5 crore enrolment target for Day One
 "Jan Dhan Yojana: Bankers go the extra mile on Day 1")
Sharp rate cuts by central bank possible from 2015
RBI committed to bringing down CPI-based inflation to 8% by January 2015 and 6% by January 2016
 "Sharp rate cuts by central bank possible from 2015")
Hopes of rating upgrade set to strengthen rupee
Growth in India's gross domestic product for the June quarter of 2013-14, as well as for the entire 2014-15, was 4.7%
 "Hopes of rating upgrade set to strengthen rupee")
 "Impediments in India, Myanmar banking ties")
Bank FD scam gets bigger, 9 FIRs filed
Total scam in collusion with middlemen is estimated at over Rs 700 cr. Probe is on in 10 more cases
 "Bank FD scam gets bigger, 9 FIRs filed")
 "Jan Dhan Yojana: Banks in Tamil Nadu exceed target")
PMJDY sees opening of 500,000 bank accounts in Odisha
Banks having operations in Odisha have overshot the target of 400,000 bank accounts
RBI eases procedure for ECB refinance
Modification to the ECB policy comes into force with immediate effect
Banks seek stricter norms for reporting on wilful defaulters
Aimed at preventing defaulters from taking fresh loans from other lenders
 "Banks seek stricter norms for reporting on wilful defaulters")
Vizag co-op bank eyes multisate licence
VCB's deposits and advances stand at Rs 1,980 crore and Rs 1,295 crore respectively
IDBI Bank puts focus on retail loans
It is currently rebalancing its portfolio to de-risk its business and also comply with regulatory norms for the priority sector lending
 "IDBI Bank puts focus on retail loans")
Failed ATM withdrawals a concern: Ombudsman
Close to 29 per cent of all complaints received from customers is related to ATM, debit card and credit card payments
 "Failed ATM withdrawals a concern: Ombudsman")
SLBC hopes to achieve target for new bank accounts in state
PM Narendra Modi will launch the Pradhan Mantri Jan Dhan Yojana on Thursday
Exim Bank seeks more leveraging room for disbursals
The bank had also requested its lone shareholder the govt of India to inject more equity
 "Exim Bank seeks more leveraging room for disbursals")
Banks cut big-ticket home loan rate
SBI, ICICI Bank and PNB reduce interest rate for loans above Rs 75 lakh
 "Banks cut big-ticket home loan rate")