Page 1219 - Finance News
Farm loan waiver schemes would dent financial discipline: Bankers
It opposed to such packages by AP, Telangana govt expressing fear that the move would create "ill will" in the community
 "Farm loan waiver schemes would dent financial discipline: Bankers")
PNB says interest rates not to come down in next 2-3 months
Headline inflation accelerated to five-month high of 6.01% in May from 5.2% previous month
 "PNB says interest rates not to come down in next 2-3 months")
Banks give over Rs 4,000 cr interest-free loans to sugar mills
In December, the CCEA had approved Rs 6,600 crore interest-free loans to the sugar industry
 "Banks give over Rs 4,000 cr interest-free loans to sugar mills")
SKS credit rating upgraded
Company's borrowings stands at Rs 1,456.19 crore as of May 31
 "SKS credit rating upgraded")
India 3rd most hit by online banking malwares
Online banking malware creators updated their portfolios yet again with the addition of new routines to their usual weapons of choice
 "India 3rd most hit by online banking malwares")
Payment banks cannot launch other financial operations
Focus to be on unbanked areas; initial capital set at Rs 100 cr; India Post can apply
 "Payment banks cannot launch other financial operations")
Despite fall in NPAs, asset quality woes persist: Fitch
Efforts to deal with reported NPAs might mean the peak in stressed assets could be lower than the previous estimate of 15% by FY15
 "Despite fall in NPAs, asset quality woes persist: Fitch")
RBI reviewing NBFC regulations: Dy Guv
Development comes in the context of Nachiket Mor Committee & Others
 "RBI reviewing NBFC regulations: Dy Guv")
Liquidity norms credit-positive for banks: Moody's
To promote better liquidity risk management, RBI has encouraged lenders to adopt a ratio higher than the minimum mandated level
 "Liquidity norms credit-positive for banks: Moody's")
Lenders exploring debt recast for REI Agro
Banks have already classified REI Agro as Special Mention Account
 "Lenders exploring debt recast for REI Agro")
Pvt banks see healthy low-cost deposit growth
Branch additions, digital push, customer retention help drive Casa
 "Pvt banks see healthy low-cost deposit growth")
NPAs render govt banks unfit for pvt PF deposits
Current rules governing investments by PFs bar them from making deposits with commercial banks when net NPAs are more than 2% of net advances
 "NPAs render govt banks unfit for pvt PF deposits")
BoJ offers brighter view on economy
Dashes near-term policy easing hopes
 "BoJ offers brighter view on economy")
RBI's LCR guidelines credit positive for banks: Moody's
The RBI said the liquidity coverage ratio (LCR) will be introduced in a phased manner with a requirement of 60% from January 2015
 "Rupee could breach 60/$ mark again this week")
Bharatiya Mahila Bank targets Rs 1,800 cr biz this fiscal
Fully-owned by the government with a seed capital of Rs 1,000 crore, the bank had set up 23 branches across the country
 "Bharatiya Mahila Bank targets Rs 1,800 cr biz this fiscal")
PSU banks rating outlook likely stable for now on strong govt
Macroeconomic and political risks have abated in the country since the election of a new govt with a decisive mandate, says Fitch report
 "PSU banks rating outlook likely stable for now on strong govt")
IDFC Bank to be operational by October next year
IDFC and Bandhan emerged successful out of about 25 contenders for new bank licences issued by the RBI in April
 "IDFC Bank to be operational by October next year")
At AGM, Kapur questions YES Bank governance
Bank says her intent mala fide; resolutions likely to be passed, but will be challenged in court
 "At AGM, Kapur questions YES Bank governance")