Page 1307 - Finance News

Madras HC rules in favour of SBI Officers' Federation plea

HC asks SBI to deposit the federation association's subscription amount into its system suspense account and credit it in favour of the 14 circle associations of SBI officers

RBI allows banks to borrow from international and multilateral financial institutions

Central bank sasy such borrowings shall be eligible for concessional swap facility of RBI

'India in talks with JPMorgan, others to join bond indexes'

May ease some restrictions on foreign inflows

Syndicate Bank cuts home, auto loan rates

Service charges have also been slashed by 50 per cent on all housing loans and vehicle loans

Andhra Bank offers loan to Seemandhra govt employees on strike

All government employees who have salary accounts with Andhra bank will be offered one-month net salary as loan

Finmin mulls additional fund infusion of Rs 4-5K cr in banks

This amount will be over and above the Rs 14,000 crore for the public sector banks announced in the Budget for this fiscal

Valuers ask FIs to put effective monitoring to curb rising NPAs

Bank agents roaming to mislead innocent loanees, farmers and owners of small scale units

IFC launches $1 billion offshore rupee bond

IFc to issue rupee-linked bonds, use proceeds to finance private sector investment in the country

RBI appoints committee on mobile banking

Committee to examine options, alternatives including feasibility of mobile banking

Technical committee to look at ways to boost mobile banking

The panel will conduct a study of the challenges in mobile banking

Public sector banks cut retail loan rates

SBI, Dena, Corporation Bank do so for consumer durables & two-wheelers; however, worry remains on credit standards

FinMin asks public sector banks to ramp up rural ATMs

The PSU banks have put up only 5,726 ATMs by end of August as against the target to install 34,668 by the end of March 2014

Aadhaar-based remittance & query services launched

Credit card loans are fine if given transparently: RBI

RBI Deputy Governor K C Chakrabarty tells banks: 'Don't charge 12% and claim that you are charging only 0% interest'

NBFCs have advantage in bank licence application: Chakrabarty

RBI deputy governor says NBFCs have customer base, and if they get the licence they can convert themselves into banks

Corporation Bank cuts rates by 50 bps to 1.75%

The rate has been cut from 12.25% to 10.50% for kitchen and home appliances, solar panels and water heaters among others

IOB slashes interest rates by 2% on consumer durable loans

The bank has launched a new personal loan scheme for salaried class towards purchase of consumer durables

3-member panel headed by Jalan to scrutinise new bank licences

The panel will make its recommendations to the Governor and Deputy Governors, who will make the final proposals to the committee of the RBI central board

RBI nominates three members to bank licence panel

Swap window fetches $5.6 billion

RBI forms crack team to help Jalan vet bank licence bids

C B Bhave, Nachiket Mor and Usha Thorat joins Bimal Jalan to vet applications