Page 1211 - Finance News
Payment banks: A viable business model?
Bank not to accept deposits more than Rs 50,000 per customer; no lending activity allowed, can only invest in government securities
ICICI Bank outpaces rivals in growing credit card biz
Adds 0.3 million credit cards in FY14; Axis Bank follows with 0.27 million
 "ICICI Bank outpaces rivals in growing credit card biz")
World Bank would continue to support Bandhan
IFC holds close to 11% and Sidbi holds close to 10% stake in Bandhan
Citibank shines as foreign lenders' net profit ebbs
Emerges as the most profitable foreign lender in India, posts 6% increase in profit to Rs 2,893 cr in FY14
 "Citibank shines as foreign lenders' net profit ebbs")
Monetising property: Advanced groundwork at Bank of India
Planning to raise Rs 2,500 crore if RBI okays its plan to do so via an SPV; presses govt to waive taxes on this
 "Monetising property: Advanced groundwork at Bank of India")
Canara Bank expands its Gramodaya scheme in Delhi
Bank has adopted one village and three slums, including one in Vasant Kunj
 "Canara Bank expands its Gramodaya scheme in Delhi")
Worst behind banking industry on NPA front: Kochhar
She however added that there could be more addition to the NPA for the industry in the current fiscal
 "Worst behind banking industry on NPA front: Kochhar")
World Bank ready to assist Bandhan further
Country director of World Bank Onno Ruhl was in Kolkata on July 10 and held meetings with Bandhan borrowers and management
 "World Bank ready to assist Bandhan further")
ICICI to list insurance units when valuations optimum: Kochhar
In ICICI Bank's latest annual report, Kochhar had said that the bank's subsidiaries achieved healthy performance in fiscal 2014
 "ICICI to list insurance units when valuations optimum: Kochhar")
NPS needs tax sops, better reach, say fund managers
'Making this scheme available in all bank branches is key'
 "NPS needs tax sops, better reach, say fund managers")
 "A foundation laid in the Budget: Manishi Raychaudhuri")
Infra push to aid IDFC begin banking on a strong note
The NBFC got a new banking licence early this year is in transition
RBI pushback on banks' infra loans
The new facility will be removed if loans turn NPA; project appraisal to be made more stringent to ensure banks don't go overboard
 "RBI pushback on banks' infra loans")
Central bank's net dollar buying drops in May
The central bank bought dollars worth $52.39 billion while sold $43.40 billion in 2013-14
 "Central bank's net dollar buying drops in May")
Bond yields seen rising on concerns of debt fund redemptions
Traders have already started trimming their portfolio and selling pressure is seen continuing even next week
 "Bond yields seen rising on concerns of debt fund redemptions")
Bankers welcome CRR, SLR leeway on infra loans
Meets old demand; SBI says it welcomes time-bound consolidation with other lenders
 "Bankers welcome CRR, SLR leeway on infra loans")
Huge bank recapitalisation bill a fiscal risk: Fitch
The Union Budget has estimated the new investment requirement at Rs 240,000 crore in PSBs till March 2019
 "Huge bank recapitalisation bill a fiscal risk: Fitch")
Foreign lenders' India earnings weaken in FY14
Standard Chartered Bank has seen a 46% decline in its India net profit during 2013-14 (April-March)
 "Foreign lenders' India earnings weaken in FY14")