Page 1220 - Finance News
Bharatiya Mahila Bank aims Rs 1,800 crore of business in FY15
The bank will focus on providing finance to retail, SME and mid-corporate sectors
 "Bharatiya Mahila Bank aims Rs 1,800 crore of business in FY15")
 "RBI plans 'on tap' bank licensing")
 "Overnight rates near repo level ahead of advance tax deadline")
Soon, you won't need smartphone for mobile money transfers
FM might next month launch mobile banking services for people not using smartphones, the move aims at pushing financial inclusion in India
 "Soon, you won't need smartphone for mobile money transfers")
Fund houses, insurers fail to tap bond market rally
Duration cut in long-term funds is the reason but insurers cash-in via Ulip funds
 "Fund houses, insurers fail to tap bond market rally")
'Relaxation in KYC norms a big boost for financial inclusion'
Bankers and industry experts believe that this will not only bring migrant workers but also students and people with a transferable job in the banking fold
 "'Relaxation in KYC norms a big boost for financial inclusion'")
Madhu Kapur allowed to challenge YES Bank AGM resolutions
Currently, Rana Kapoor holds 11.87% stake in YES Bank, while Madhu Kapur and her company own 10.37%
 "Madhu Kapur allowed to challenge YES Bank AGM resolutions")
Central bank to revamp inflation-indexed bonds
Norms on payment banks soon, says Khan; no raising of FII cap on G-secs
 "Central bank to revamp inflation-indexed bonds")
IOB ask Centre to infuse Rs 3,500 crore
Bank also asked GoI for the dilution of their shareholding
 "IOB ask Centre to infuse Rs 3,500 crore")
RBI to come out with payment bank shortly: Khan
RBI-appointed committee had proposed formation of payment banks
New liquidity norms: Bank with excess SLR at an advantage
The LCR norms are to ensure banks have enough short-term liquidity to survive any stress-like scenario arising in the following 30 days
 "New liquidity norms: Bank with excess SLR at an advantage")
MFIs tapping capital mkt not a good idea: Yunus
The Nobel laureate recommended granting MFIs special micro-credit banking licences to accept deposits
 "MFIs tapping capital mkt not a good idea: Yunus")
UFBU, IBA to meet on Friday over wage hike issue
We want adequate hike in salary comparable to other sectors, says general secretary, AIEBA
Canara Bank expands overseas network to New York
With the inauguration of New York branch, the Bank now has presence in 8 countries
 "Canara Bank expands overseas network to New York")
RBI relaxes cap on UBI's loan limit power
Allows the bank to approve loans up to Rs 200 cr
 "RBI relaxes cap on UBI's loan limit power")
Many govt bank heads welcome P J Nayak report
Though not openly, especially on taking away state control of operations; also point to acute need for more capital, quality of board decisions
HCBL Bank reaches out to micro entrepreneurs
The lender is giving credit at 8% interest to those engaged in traditional handicrafts
 "HCBL Bank reaches out to micro entrepreneurs")
Bankers pitch for a National Asset Management Company
It will take over large NPAs of banks and help in revival of companies ridden with bad debts
 "Bankers pitch for a National Asset Management Company")
RBI introduces liquidity ratios for banks
Mandate 60% liquidity coverage ratio from Jan 1, 2015; 100% by 2019
 "RBI introduces liquidity ratios for banks")