Page 1230 - Finance News

Govt calls govt bank chiefs for performance review on May 13

This will be the last performance review of PSBs under Congress-led the United Progressive alliance II government

Syndicate Bank to raise $350 mn overseas fund

Board of directors had earlier approved bank's proposal to raise up to $2 bn through MTN in overseas market

Hopeful that new govt will bring clarity of policy to drive growth: Chanda Kochhar

As economy grows, banking sector will grow 2.5 times country's GDP growth rate, says ICICI Bank MD

NPA also refers to non performing administration: K C Chakrabarty

Rising NPAs has been of major concerns for banking industry

FinMin nixes India Post's plan to set up a bank

Tells RBI this is not the time to consider such a foray, especially given the lack of funds to spare for such a venture

Savings accounts for minors to promote financial inclusion

Norms on niche bank licences this year: RBI

This is first time banking regulator considering such an exercise, a departure from present practice granting only universal bank licences

State-run banks revive plan to raise equity

SBI to launch children's savings a/c in 3 months

Earlier this week RBI allowed minors above 10 years to operate savings a/c independently, but left it to banks to fix age and amount caps

SBI to start special scheme for children's accounts

RBI on Tuesday issued guidelines allowing minors over 10 years to operate bank savings accounts independently

RBI to issue guidelines for 'on-tap' banking licences in FY15: R Gandhi

On-tap licensing means that the RBI window for granting banking licences will be open through the year

Prepayment penalty ban only for individual borrowers, says RBI

Reserve Bank clarified that its directive regarding ban on prepayment penalty on floating rate loans is applicable for individual borrowers

Srei Infra plans to raise Rs 600 cr in FY15

Bonds will be raised for an amount upto Rs 75 cr with an option to retain oversubscription upto Rs 75 cr aggregative to Rs 150 cr

Govt banks lure customers away from private lenders

Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer

'MSMEs need to be given a push'

KVGB is meant to cater to the needs of MSMEs, analyse their problems, help them face challenges and solve their issues

Syndicate Bank moves to catch 'em young

Move comes a day after RBI asks banks to allow minors to open bank accounts

Syndicate Bank to launch exclusive savings bank product for minors

The move comes a day after RBI asks banks to allow minors to open bank accounts

RBI asks banks not to levy penalty on pre-payment of loans

Says rule effective immediately

Banks in a fix on AMC net worth norm

New rule clashes with finance ministry, RBI diktat on investments in non-core businesses

Govt may pump Rs 20k cr into PSBs

FinMin also likely to push them to tap the marketg