Page 1257 - Finance News
Debit cards: The dark horse?
Better security, greater awareness lead to higher usage
 "Debit cards: The dark horse?")
Audit on UBI says credit appraisal lax
Fitch says losses could test migration toward Basel-III
 "Audit on UBI says credit appraisal lax")
 "Decoding the bank strike")
UBI's losses may test India's approach to Basel III, warns Fitch
UBI's credit profile has weakened sharply and is considered worst among its peers
 "UBI's losses may test India's approach to Basel III, warns Fitch")
Money flow into NRI deposits slumps to $1.28 bn in Dec
RBI purchased dollars worth $3.5 billion in December
 "Money flow into NRI deposits slumps to $1.28 bn in Dec")
Indians in Oman hit by Bank strike in India
The two-day strike by bank employees in India, which began Monday, has affected the expatriate Indians in Oman
 "Indians in Oman hit by Bank strike in India")
Fake currency worth Rs 107 cr seized in over 3 yrs
In terms of available estimates, the volume of fake currency recovered and seized in India is not more than 0.003%
 "Fake currency worth Rs 107 cr seized in over 3 yrs")
20 lakh new banking jobs, but is there sufficient talent?
20 lakh new banking jobs will be created in the next 5-10 years, but are banks adequately poised to handle this staffing challenge?
 "20 lakh new banking jobs, but is there sufficient talent?")
Second day of banking strike hurts businesses, economy
All branches of public sector banks, private banks, many foreign banks in the city, and the regional rural bank branches, bore a deserted look
 "Second day of banking strike hurts businesses, economy")
Banks wrote off Rs.140,266 crore loans, say unions
The union officials are unanimous that employees cannot be held responsible for the banks' bad loans
S&P paints a grim picture for banks' equity offerings
Retains negative outlook on Indian banks
 "S&P paints a grim picture for banks' equity offerings")
DCB Bank to seek more time to reduce promoters' stake
DCB Bank is one of few private sector lenders where promoters hold more than 10% share
 "DCB Bank to seek more time to reduce promoters' stake")
Strike by PSB staff hits banks' operations
Chidambaram says profits not for salary increase alone
 "Strike by PSB staff hits banks' operations")
Banks seen buying more $ for oil firms on heavy inflow days
Move intended at reducing volatility in the rupee
 "Banks seen buying more $ for oil firms on heavy inflow days")
Banks seek LIC's helping hand
By March, insurer may infuse money in banks that had planned QIPs
 "Banks seek LIC's helping hand")
SBI to lend Rs 3k cr to telecom players for spectrum buy
According to RBI data, total advances to the telecom sector stood at Rs 85,900 crore at the end of December 2013
 "SBI to lend Rs 3k cr to telecom players for spectrum buy")
Karnataka transactions comes to stand still due to bank strike
Karnataka General Secretary said that ATMs may not function on Tuesday
 "Karnataka transactions comes to stand still due to bank strike")
Indian Bank okays conversion of PNCPS to allot shares to Centre
With this, central govt's share holding in bank would go up from 80% to 81.51%
 "Indian Bank okays conversion of PNCPS to allot shares to Centre")
Tata Capital to offer lower rates to women home loan borrowers
Women availing of a home loan under Rs 40 lakh can now get credit at 10.15% as against the normal 10.50%
 "Tata Capital to offer lower rates to women home loan borrowers")
India finance professionals need to be well-versed with IFRS: Helen Brand
She added that much work and education was required in this area