Page 1248 - Finance News
Mahila bank to start internet banking from June
Also plans to add six more branches by March end
 "Mahila bank to start internet banking from June")
Fed Bank launches 'Fed Rise'
Fed Rise is an overdraft facility against recurring deposits
Corporate houses may not get bank licences
Only 4-5 applicants could make the cut; India Post has little chance
 "Corporate houses may not get bank licences")
Private banks pip PSBs in Casa mobilisation
The share of low-cost current CASA deposits has improved for most private lenders
 "Private banks pip PSBs in Casa mobilisation")
FII investment surges in Indian debt
Experts say many sold US debt and bought Indian paper due to the narrowing spread between retail inflation in the two countries
 "FII investment surges in Indian debt")
 "Deutsche Bank's India wealth management head Bagga quits")
Govt appoints new RBI representative on UBI board
Bank cuts base rate by 25 bps a month
 "Govt appoints new RBI representative on UBI board")
United Bank of India cuts lending rate by 0.25%
All new loans, including home and car loans, will become cheaper by 0.25% with reduction in base rate
 "United Bank of India cuts lending rate by 0.25%")
In a first, SBI to sell around Rs 5,000-crore NPAs to ARCs shortly
The move comes ahead of the tighter provisioning norms kicking in from next April
 "In a first, SBI to sell around Rs 5,000-crore NPAs to ARCs shortly")
SBI to open 100 branches in AP next fiscal
As on date, it has has 1,382 branches in the state and by the end of this fiscal, this would touch 1,400
 "SBI to open 100 branches in AP next fiscal")
US regulators sue 16 world's largest banks
The banks are accused of colluding to suppress interest rates
 "US regulators sue 16 world's largest banks")
 "Post Bank issue to be placed before Cabinet: Sibal")
'Self-regulatory organisations not a burden on MFIs'
IBA wants to charge for using other-bank ATMs in metros
 "'Self-regulatory organisations not a burden on MFIs'")
IBA request RBI to withdraw free use of other bank ATMs in metros
The IBA says banks are losing Rs 400 crore a month because of the excess security requirements at 1.4 lakh ATMs
 "IBA request RBI to withdraw free use of other bank ATMs in metros")
Private banks at high risk of losing customers: IBM study
Study further said that 41% of private banks customers transact with more than one bank, versus 24% of PSU bank customers
 "Private banks at high risk of losing customers: IBM study")
RBI may auction bonds up to Rs 4 lakh cr soon
Around 60-66% of gross market borrowing by govt expected by September
 "Last-mile glitch may spoil India Post's banking dreams")
Banking jobs up for grabs
Lenders tie up with institutes to train industry-ready candidates
 "Banking jobs up for grabs")
CDS should be linked to underlying exposure: RBI
Central bank will pursue policy of enhancing foreign investment in domestic financial markets in a gradual manner
 "CDS should be linked to underlying exposure: RBI")
Crisis-struck UBI finds support from bank unions
Unions say UBI is only PSB with 88% govt share holding and so deposits are safe