Page 1252 - Finance News
Jalan panel leaves out tainted entities from banking licence race
If the recommendations of the panel headed by former RBi governor Bimal Jalan are followed, companies whose names figure in the telecom spectrum and the coal block allocation scams will not get licenc
 "Jalan panel leaves out tainted entities from banking licence race")
 "RBI chief says policy rate is appropriately set")
Bank of Bahrain and Kuwait lays out India plans
The banking group of Middle-East is working to open new branch in New Delhi
 "Bank of Bahrain and Kuwait lays out India plans")
Banking licence aspirants' shares fall amid uncertainties
Bimal Jalan panel which was scrutinising applications for new bank licences submitted its report to RBI yesterday
Banks shift focus to IT, may spend 13% more
Banks and securities companies will increase their spending on IT products and services to Rs 47,700 crore in 2014
 "Banks shift focus to IT, may spend 13% more")
Axis Bank launched eKYC facility for rural banking
The facility, uses the Aadhar database, will enable a bank account to be opened within 24 hours as against 7-15 days taken in villages at present
 "Axis Bank launched eKYC facility for rural banking")
RRBs should sell priority-sector loans to highest bidders: Takru
Takru also asked the RRBs to control the rise in non-performing assets and bring them down in a time-bound manner
 "RRBs should sell priority-sector loans to highest bidders: Takru")
SBI looks to create separate talent pool for subsidiaries
HR experts say the move if introduced will attract more candidates
 "SBI looks to create separate talent pool for subsidiaries")
Jalan panel submits report on bank licences
The banking regulator was expected to issue new licences by March 31
StanChart India sees rise in bad loans
Gross NPA close to 6%; gross advances at the end of FY13 at Rs 96,394 crore
 "StanChart India sees rise in bad loans")
Good health guide for emerging markets
Capital is fleeing your country; the currency is tanking; asset prices are collapsing; banks are bleeding
 "Good health guide for emerging markets")
Govt role in monetary policy-making to stay
Urjit Patel panel suggestions to be accepted only after major changes; most monetary policy committee members may be external
 "Govt role in monetary policy-making to stay")
RBI writes to ministry on United Bank, explores option of superseding board
Appointing new chairman appears to be preferred option for government and regulator at this point of time
 "RBI writes to ministry on United Bank, explores option of superseding board")
UBI banking on govt for capital infusion
Unlikely to raise money from market now
 "UBI banking on govt for capital infusion")
Banks, cash management firms to talk ATM security
RBI recently asked IBA to look into critical issues of outsourcing of cash management services as instances of looting of ATM cash vans were increasing
 "Banks, cash management firms to talk ATM security")
Jalan panel submit recommendations to RBI
The four-member committee submitted its report on new banking licenses
 "Jalan panel submit recommendations to RBI")
United Bank dismisses talk of Rs 800-crore default
Bank also denies report it will be merged with rival Union Bank of India
New bank licences: Jalan panel report by weekend
Election code of conduct not to affect licence process