Page 1200 - Finance News
Govt to make banks professional, improve risk management: Jaitley
Says recent incidents in PSBs disturbing
 "Govt to make banks professional, improve risk management: Jaitley")
Govt to tighten up banking risk management: Jaitley
Comments follow RBI's investigation into Syndicate Bank
 "Govt to tighten up banking risk management: Jaitley")
 "Loan value on interest subvention")
RBI's working group on taxation practices
Terms of reference will be to review current tax structure as applicable to various financial instruments issued in Indian financial system
 "RBI's working group on taxation practices")
 "PM to flag off Jan Dhan Yojana on August 28")
Centre plans major banking reforms; SARFAESI Act to be amended
Amendment in Winter Session of Parliament; two models on holding company structure for banks being considered
 "Need to tweak policies for affordable housing: R Gandhi")
FinMin backs banks on capping free ATM usage
The cap includes transactions such as balance enquiry and cheque book request
 "FinMin backs banks on capping free ATM usage")
 "Fortnightly bank credit growth at 4-year low")
 "Interim COO at RBI not possible: FinMin")
Housing, infra sector is not starved of bank finance: RBI
Central bank recently exempted banks from maintaining CRR and SLR for funds that are raised through long-term infrastructure bonds
 "Housing, infra sector is not starved of bank finance: RBI")
International Finance Corp bond issue to fund projects
Aims to raise Rs 15,000 cr over 5 years from rupee-denominated bonds and currency swaps for projects and to develop the market
FD scam: Dena, OBC stocks fall
Besides the CBI probe, govt as the owner of both banks has ordered a forensic audit
 "FD scam: Dena, OBC stocks fall")
Banks in Odisha achieve 18% of annual credit target by June
PSU lenders post dismal credit offtake; Central Bank achieves 4.25%, while Indian Bank and SBI achieve 6% and 8.55% respectively
 "Banks in Odisha achieve 18% of annual credit target by June")
Over 50% panchayats in Bihar don't have banks
Out of 8,463 panchayats in Bihar, 5,298 are yet to be covered with banking service
 "Over 50% panchayats in Bihar don't have banks")
Brief: T M Bhasin elected IBA Chairman
Bhasin is the CMD of Indian Bank
LinguaNext to partner banks for ATM transaction slips
Company is already working with different banks including SBI
 "LinguaNext to partner banks for ATM transaction slips")
EMI option in ICICI Bank debit cards
To begin with the bank has only tied up with Samsung for phones and consumer durable products
 "EMI option in ICICI Bank debit cards")
Financial inclusion may remain an unsolved puzzle for now
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it & what lies ahead
 "Financial inclusion may remain an unsolved puzzle for now")
Short-tenure corporate bonds back in demand
Trend due to narrowing difference between short and long-term yields
 "Short-tenure corporate bonds back in demand")