Page 1221 - Finance News

'Better regulatory coordination vital'

More services on anvil at non-home ATMs

Union Bank, Andhra Bank, YES Bank launch cash transfer

FinMin puts amalgamation of regional rural banks on hold

At present, central govt, state govts and sponsor banks like SBI and PNB provide capital

Now, single address proof enough for opening bank account

ECGC to offer direct factoring service for MSMEs

Now, you can open bank account with permanent address as proof

For local address, declaration by customer is good enough, says RBI

IDBI Bank plans to raise Rs 4,000 cr in equity via QIP

Fundraising will help to absorb increased soured debt

CanBank to turn 600 branches to 5-star category

The bank has unveiled prototype branches in Tumkur, Bangalore

ICICI Bank overtakes HDFC Bank as top private bank employer

Incidentally, HDFC Bank saw its employee headcount decline by 900 during the fiscal ended March 31, 2014

Govt plans UBI equity conversion to bolster buffers

SBI, IDBI capital mkt arms to be roped in for asset rejig

One senior public banker said before going full steam, a few cases should be entrusted with the ARC. Learning from this can help to hand over more projects to ARCs

Banks ask FinMin to stop Andhra farm loan waiver

Say waiver will vitiate the loan recovery environment

RBI allows FPIs, NRIs to invest in non-convertible preference shares, debentures

This is for on-convertible/redeemable preference shares or debentures listed on recognized stock exchanges in India

RBI allows non-resident investor to pledge shares in Indian company in favour of NBFCs

Banking regulator said only equity shares listed on a recognised stock exchange/s in India can be pledged in favour of NBFCs

Banks to move away from cash-credit product

RBI focuses on term repo

YES Bank terms Madhu Kapur's allegations as baseless, untenable

Writes to shareholders highlighting its performance, governance practices

J&K Bank plans to sell entire 5% stake in PNB MetLife for Rs 700 cr

MetLife International and PNB are majority shareholders in the company, with 26% and 30% stake, respectively

Reforms top FSDC meet's agenda

FSDC is chaired by the finance minister and the members are the financial sector regulators, including RBI and Sebi

BoE keeps rates at record low

ECB hurls cash at sluggish Euro zone economy

Cuts deposit rate to -0.10%; seeks to force bank lending in the region