Page 1287 - Finance News
Ahmedabad borrowers have better credit score: CIBIL study
The study also indicates that credit card penetration is very high in Ahmedabad as compared to other cities in the country
AIBEA to protest on growing NPAs and corporate borrowers' role
Bank employees' body plans to reveal top defaulters' names
 "AIBEA to protest on growing NPAs and corporate borrowers' role")
Mahila Bank to open 16 more branches in four months
Two branches would be inauguarted as early as first week of next month
 "Mahila Bank to open 16 more branches in four months")
New norms likely to shift M&A goalposts in banking sector
In Oct 2013, the banking regulator had relaxed the branch authorisation policy for Indian banks
 "New norms likely to shift M&A goalposts in banking sector")
5 reasons corporates are exiting the new bank licence race
After Videocon, the Tata Group has withdrawn its application to the RBI for a banking license
 "5 reasons corporates are exiting the new bank licence race")
Indian banks eyeing overseas bonds to meet Basel III: RBI official
Says rules to allow credit enhancement for domestic corporate bonds likely to come by Dec
Choosy VCs keep start-ups on their toes
With fewer exits and a tight money market, venture capital funds raise the bar for financing early-stage tech companies
 "Choosy VCs keep start-ups on their toes")
Mobile banking rate capped at Rs 1.50 a session
Total number of transactions through mobile banking grew by 29% to 7,169,429 in Sept from 5,554,327 in Jan 2013
 "Mobile banking rate capped at Rs 1.50 a session")
Card swipe machines may raise banks' costs
Banks are free to decide whether to adopt Aadhaar as an additional authentication factor or shift to the Europay, MasterCard and Visa chip-and-pin technology to secure card-present payment infrastruc
 "Card swipe machines may raise banks' costs")
J&K Bank eyes profit of Rs 1,800-cr by FY16
The lender had made a profit of Rs 610.6 crore in the first half of this financial year
 "J&K Bank eyes profit of Rs 1,800-cr by FY16")
Credit growth slumps on rise in lending rates
Banks had raised lending rates after RBI hiked repo rate by 25 bps in the second quarter review of monetary policy held on Oct 29
 "Credit growth slumps on rise in lending rates")
ADB plans to issue rupee-linked offshore bonds
Institution cautions that the bond will be little expensive because of hedging costs involved in issuing debt in rupee
SBI graft case: Internal probe report in 2-3 days
CBI court extends custody of ex-executive Kumarah till Saturday
 "SBI graft case: Internal probe report in 2-3 days")
Tata says bye to banking
Feels the current financial services model best suits group's needs
 "Tata says bye to banking")
Banks told to comply with ATM security norms: FinMin Secy
A woman was attacked by an unknown assailant armed with machete when she entered an unmanned ATM centre in Bangalore last week
 "Banks told to comply with ATM security norms: FinMin Secy")
Andhra Bank bullish on Nextgen branches
Bank has launched the 90th Nextgen branch and expects to transform at least 250 existing branches
 "Andhra Bank bullish on Nextgen branches")
CBI court extends custody of former SBI executive till Nov 30
Sate Bank expected to submit internal probe by weekend
 "CBI court extends custody of former SBI executive till Nov 30")
Redington promoters to increase stake in its NBFC subsidiary
The company has received offer from Creador II LLC for investing up to Rs 100 crore at pre-money value of Rs 250 crore in form of common equity shares
Fraud at public sector banks - A rampant occurrence?
88% of large value fraud worth Rs 13,766 Cr was perpetrated at nationalized banks according to an RBI study
 "Fraud at public sector banks - A rampant occurrence?")
Bad loans for self-help groups at alarming levels: Nabard
Number of self help groups linked to banks has also shown a decline
 "Bad loans for self-help groups at alarming levels: Nabard")