Page 1224 - Finance News
FinMin to take fresh look at non-performing assets
Says rise in NPA is due to aggressive lending in a slowing economy
 "FinMin to take fresh look at non-performing assets")
HDFC Bank debit card users to lose benefits for not transacting online
HDFC Bank also discontinued cash-back services earned on platinum debit cards on categories such as fuel, jewellery, etc
 "HDFC Bank debit card users to lose benefits for not transacting online")
 "YES Bank to raise $500 mn via share sale")
UBI slaps wilful defaulter notice on Vijay Mallya
Gives 15 days to respond; SBI thinks of similar actions
Stable rupee may prod RBI to liberalise rules
Those travelling abroad may be allowed to spend $200,000 a year again
 "Stable rupee may prod RBI to liberalise rules")
 "RBI to hold rates")
SBH notified as convenor bank for Telangana
Andhra Bank has been serving as the convenor bank in the undivided AP
 "SBH notified as convenor bank for Telangana")
Banks told to get ready for debt waiver in residual AP and Telangana
Banks had lent a total of Rs 1,37,176.59 cr to agriculture sector in state out of which residual AP accounts for Rs 87,612.25 cr
 "Banks told to get ready for debt waiver in residual AP and Telangana")
Axis Bank expects only a modest economic recovery in 2015
Axis Bank expects deposit growth in the range of 14-15% and credit growth between 15-16% in this financial year
 "Axis Bank expects only a modest economic recovery in 2015")
I-T Dept asked share wealth details of defaulters with banks
Top 30 NPAs of state-owned banks account for 40% of their gross bad loans
 "I-T Dept asked share wealth details of defaulters with banks")
Bank resolution regime changes may up creditors' risks: Moody's
Analysts however also noted that it was too early to form any definitive conclusions
 "Bank resolution regime changes may up creditors' risks: Moody's")
RBI diktat to urban co-op banks on PSUs
It's observed that a few UCBs have been sanctioning high-value loans to PSUs by admitting them as nominal members or otherwise
 "RBI diktat to urban co-op banks on PSUs")
RBI on inoperative foreign currency accounts
This is a means to manage unclaimed deposits
Nabard microfin arm in expansion mode nationally
To get fresh dose capital to grow business
 "Nabard microfin arm in expansion mode nationally")
PNB's housing arm may raise $50 mn
New Silk Route backed company focuses on affordable housing
 "PNB's housing arm may raise $50 mn")
Banks in Odisha fail to achieve annual credit target
Out of annual credit plan of Rs 34,271 cr fixed, the actual credit flow was only Rs 20,955 cr
No decision on HDFC Bank FDI proposal yet: Puri
DIPP has been saying that increase in foreign shareholding will be a breach of FDI guidelines
Set up national asset management co to take over bank NPAs: Ficci
Says it should be set up with initial capitalisation of up to Rs 5,000 crore
 "Set up national asset management co to take over bank NPAs: Ficci")
RBI to urban co-op banks: Don't give high value loans to PSUs
UCBs are meant to provide loans and advances to small borrowers, agriculture and small businesses, said the central bank
 "RBI to urban co-op banks: Don't give high value loans to PSUs")