Page 1217 - Finance News
IndusInd Bank opens third Currency Chest in Chennai
The Bank is looking at setting up more currency chests in the country
 "IndusInd Bank opens third Currency Chest in Chennai")
Bank deposits, credit rise nearly 14%
Deposits of commercial banks stood at Rs 69,35,844 crore during the same period last year
 "Bank deposits, credit rise nearly 14%")
UBI to focus on retail loans, eyes 30-35% growth in FY15
Kolkata-based bank closed last financial year with total advances of Rs 67,982cr
 "UBI to focus on retail loans, eyes 30-35% growth in FY15")
Banks seek stringent norms for defaulters
Uniform NPA classification proposed; Kingfisher, Winsome Diamonds among top 3 in finance ministry's top-50 defaulters list
 "Banks seek stringent norms for defaulters")
 "YES Bank to hand over AGM recording to HC")
RBI bans premature withdrawal of FDs from Kapol Bank
Supersedes board of directors at the mumbai based co-operative bank
 "RBI bans premature withdrawal of FDs from Kapol Bank")
RBI allows banks to appoint NBFCs as biz correspondents
Removes norm for attaching outlet to branch for oversight
 "RBI allows banks to appoint NBFCs as biz correspondents")
DBS expects India retail banking to break-even by 2016
DBS entered India in 1994 and set up its first branch a year later
 "DBS expects India retail banking to break-even by 2016")
'Private banks cut exposure to stressed sectors'
Outperform state-run rivals in managing credit quality risks
 "'Private banks cut exposure to stressed sectors'")
FIIs may raise investment in corporate bonds
Data show FIIs invested Rs 20,225 cr in May in debt papers, highest in calendar year 2014
 "FIIs may raise investment in corporate bonds")
 "RBI fixes timelines for regulatory approvals")
Banks as brokers may not be on FinMin to-do list
UPA-led govt proposed lenders as insurance brokers; new FM not too keen, say insurers
 "Banks as brokers may not be on FinMin to-do list")
RBI asks banks to give documents to SIT
Earlier today, FM said the govt will write to Switzerland seeking details of Indians with unaccounted money in Swiss banks
Banks flouting Rs 1 cr collateral-free loan norm for micro, small units
The amount involved in sick MSE units as on March 31, 2014 is 3.09 per cent of total MSE credit, as against 2.49 per cent as on December 31, 2013
IFMR Capital announces country's first collateral bond obligation
Eight investors including Hinduja Leyland finance and leading MFIs
 "IFMR Capital announces country's first collateral bond obligation")
Govt banks: Higher NPAs may pinch brass' pocket
FinMin plans tougher targets for bad loans, Casa and others in performance-linked pay for senior management
 "Govt banks: Higher NPAs may pinch brass' pocket")
Banks put Rs 21k-cr NPAs on block in 3 months
Rush to offload bad loans indicates a revival in asset-sale market
 "Banks put Rs 21k-cr NPAs on block in 3 months")
Fullerton India eyes threefold growth in assets
Company firms up a 5-year business plan; at present AUMs are Rs 6,245 cr, up from Rs 4,823 cr in March 2013
 "Fullerton India eyes threefold growth in assets")
UCO Bank seeks Rs 1,000 crore capital infusion from govt
Bank says it needs Rs 15,000 cr as tier-I capital in next three years
 "UCO Bank seeks Rs 1,000 crore capital infusion from govt")