Page 1303 - Finance News

'Retail banks look to invest in innovation to boost revenues'

According to a study by Infosys, about 77% of banks surveyed are increasing investment in innovation

RBI okays Bengal's state-sponsored deposit-taking scheme

However, officials suggested it would take some time to launch any deposit-taking scheme

Finmin asks banks to monitor NPAs

Asks PSUs to set up a vertical to monitor NPAs

Top 30 NPA accounts of PSU banks under government scanner: FM

Banks asked to set up separate verticals to recover money from written-off accounts

State-owned banks to give report card to FM today

Meeting comes weeks after govt agreed to infuse additional capital into banks

Federal Bank to bring in $100 mn from foreign swap

The swaps shall be available at a rate of a 100 bps below the market rate, RBI had said

India Inc asks Reserve Bank to change course

Wants easier monetary policy, affordable credit for SMEs, exports and infrastructure, among others

Crisil awards high grading for 4 MFIs

mfR1 said to be highest grading awarded by Crisil under its 8-point scale designed for evaluating operations of MFIs

RBI eases rules for expanding bank network

Allows banks to freely open extension counters, satellite offices, mobile branches

Bank Internasional Indonesia launches first branch in Mumbai

BII is headquartered in Indonesia whilst Malaysian-listed Maybank is South East Asia's fourth largest bank by assets

Banks increasing spending on innovation: Survey

Infosys-Efma study sasy 77% banks say they are raising investment in innovation now vs 13% in 2009

Moody's review meet with SBI brass this week

New ratings on par with rating for its owner govt's (Baa3 stable) foreign currency bonds

Rupee may strengthen on dollar inflows

Currency dealers see the rupee trading in the range of 60.80 and 61.90 this week and the bias is towards strengthening

FM to grill govt banks' chiefs tomorrow

Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things

New RTGS system to improve financial market efficiency: Rajan

RTGS system used to settle interbank fund transfers by banks and their customers

Nilesh Shah Axis Capital's new chief

Shah to replace Manish Chokhani

SBI resumes discounting LCs issued by other banks

LC preferred by traders as it allows seller to receive payments immediately after goods are shipped

NRI businessman acquires 4.99% shares in Dhanalakshmi Bank

Yusuffali is the founder and Managing Director of EMKE Group which owns the LuLu Group.

New NABARD scheme to finance pvt sector for warehouse infra

NABARD can advance direct loans to public as well as private sector for construction of warehouses, cold storages, cold chains and silos

'India gears up to launch interest rate futures'