Page 1215 - Finance News
Aiming to trim financial burden, SBI to open 5K new ATMs
Move is aimed at helping improve the debit cards-to- ATMs ratio for the bank
 "Aiming to trim financial burden, SBI to open 5K new ATMs")
No magic wand to bring down bad loans: SBI chief
SBI's gross NPAs rose to Rs 61,605.35 crore, or 4.95% of total advances, at the end of March
 "No magic wand to bring down bad loans: SBI chief")
RBI to remain open on July 1 unlike previous practice
Reserve Bank of India will start its real time gross settlement operation from 1200 hours
 "RBI to remain open on July 1 unlike previous practice")
Mallya to appear before wilful defaulter panel on July 9
If a borrower is proven to be a wilful defaulter, he will find it difficult to get loans from any bank
 "Mallya to appear before wilful defaulter panel on July 9")
Uncertainty over RBI deputy Guv posts
Central bank plans to appoint COO with dy governor rank
 "Uncertainty over RBI deputy Guv posts")
 "External debt rises to $440.6 billion in FY14")
Shriram Transport Finance to raise Rs 3,000 cr via NCDs
First issue is to hit the market on coming Wednesday, where company plans to raise Rs 500 cr, with an option to retain over-subscription
 "Shriram Transport Finance to raise Rs 3,000 cr via NCDs")
Slippage of farm loans into NPAs high, say bankers
Naidu appealed to the bankers to reschedule the farm loans even though the RBI had not yet accepted its request
 "Slippage of farm loans into NPAs high, say bankers")
IndusInd Bank launches tractor and farm equipment finance vertical
Bank aims to provide loans to the farmers in buying and securing equipments
 "IndusInd Bank launches tractor and farm equipment finance vertical")
RBI switches to online bond platform to manage cash conditions
Using an electronic trading platform that gives the RBI anonymity marks a departure from its usual open market operations
 "RBI switches to online bond platform to manage cash conditions")
India second in terms of debit card frauds: ACI
UAE tops list of countries with highest rate of fraud overall; followed by China, India & the US
 "India second in terms of debit card frauds: ACI")
MSEs not 'high risk'; bad loans percentage declining: NSIC
Says perception of the lenders that MSE sector is a high- risk area is totally false
 "MSEs not 'high risk'; bad loans percentage declining: NSIC")
IBA seeks fee for withdrawal from non-home urban bank ATMs
There is a cap of five free transactions for use of ATMs run by other banks
 "IBA seeks fee for withdrawal from non-home urban bank ATMs")
Treat gold deposits as part of CRR/SLR: SBI chairman
With gold imports having pressured the current account gap in the recent past, there is a greater need to make use of gold available in the country and make it more liquid, she said
 "Treat gold deposits as part of CRR/SLR: SBI chairman")
Banks remain wary of exposure to jewellery sector
Faced with high loan defaults, banks say they are still wary of lending to the industry
 "Banks remain wary of exposure to jewellery sector")
NCDs turns preferred route for IFC in debt financing for NBFCs
The instrument gains favour as there are curbs on ECBs
 "NCDs turns preferred route for IFC in debt financing for NBFCs")
Banks should give monthly data about wilful defaulters: RBI
After this, banks can continue to furnish data with regard to wilful defaulters to credit information firms on a monthly or a more frequently basis
 "Banks should give monthly data about wilful defaulters: RBI")
Stringent guidelines for wilful defaulters on the cards
Criminal charges to be pressed if borrower is found diverting funds to create personal wealth
 "Stringent guidelines for wilful defaulters on the cards")
 "Principal Fin buys Vijaya Bank's 4% stake in AMC")
IFCI to offload 26 per cent in Madhya Pradesh road project
Expects stake sale to go through by September
 "IFCI to offload 26 per cent in Madhya Pradesh road project")