Page 1198 - Finance News
ADB's rupee-linked bond raises Rs 300 cr
13% of the bonds were placed in Asia; 42% in Europe, Middle East, and Africa; and 46% in the Americas
 "ADB's rupee-linked bond raises Rs 300 cr")
Central Bank cheated of Rs. 436 cr
Case of criminal conspiracy, cheating and Prevention of Corruption Act has been registered against Electrotherm (India) Ltd
 "Central Bank cheated of Rs. 436 cr")
SBI cuts lending rate for home loans above Rs 75 lakh
Retains five basis point discount for woman borrowers
 "SBI cuts lending rate for home loans above Rs 75 lakh")
RBI says its system rugged enough to handle scams
Customers can be rest assured that their money is safe in whichever bank they are kept in country
 "RBI says its system rugged enough to handle scams")
Financial inclusion mandates do not work: RBI official
ED, Deepali Pant Joshi, says banks need to identify correct target audience and have a dedicated financial literacy cell
 "Financial inclusion mandates do not work: RBI official")
RBI to step up vigilance on banking sector to prevent frauds
Continuous vigilance and intelligence gathering are two items on which we are concentrating, says Dy Governor
 "RBI to step up vigilance on banking sector to prevent frauds")
Banks to open 70,000 accounts on launch day of Jan dhan Yojana
First day of launch of the Yojana will be on Aug 28
 "Banks to open 70,000 accounts on launch day of Jan dhan Yojana")
Hits 'n' misses: Analysing Raghuram Rajan's first year in office
Ambit report says while Raghuram Rajan has been able to make important changes to monetary policy framework, performance on the regulatory front has been mixed
 "Hits 'n' misses: Analysing Raghuram Rajan's first year in office")
Ahead of festive season, banks roll out special offers
Cut interest rates, processing fees; offer discounts for online shoppers
 "Ahead of festive season, banks roll out special offers")
RBI to redefine deposits as Ponzi scams mount
'Deposits', as it is defined today, is inadequate, says R Gandhi
 "RBI to redefine deposits as Ponzi scams mount")
 "PM asks banks to make financial inclusion a national priority")
 "Finance ministry mulls splitting post of CMD for state-run banks")
Rajan cautions against debt waiver schemes
RBI Governor Raghuram Rajan stressed on the adverse impact of schemes like farm loan waivers on the financial health of banks
 "Rajan cautions against debt waiver schemes")
India Inc's ECB static at $3.72 bn in July
India Inc raised the amount by way of both External Commercial Borrowings and Foreign Currency Convertible Bonds
 "India Inc's ECB static at $3.72 bn in July")
IDBI Bank to open 2 lakh inclusion accounts by August 28
Decision comes after Modi's announcement of the 'Pradhan Mantri Jan Dhan Yojana'
 "IDBI Bank to open 2 lakh inclusion accounts by August 28")
IDBI Bank to open 0.2 mn savings accounts by Aug 28 as part of Jan Dhan Yojana
The initiative launched by the PM is a national mission on financial inclusion ensuring access to banking services to all citizens
HDFC Bank expanding in UP backwaters
Targets opening 65 odd new branches during 2014-15 to add to its current tally of 284 in UP
 "HDFC Bank expanding in UP backwaters")
Working on definition of deposits for financial entities: RBI deputy
This, after concerns emerge over unauthorised deposit taking
Credit card transactions: Has RBI created an Uber-mess?
The RBI's new diktat could extend to companies such as Google and Apple, which sell content, apps and music using the same process
RBI says 36% of total bad loans from six key sectors
Gross non-performing assets in system have grown to 4.1% in FY14 from 3.4% a year ago
 "RBI says 36% of total bad loans from six key sectors")