Page 1436 - Finance News
Penalty on erring banks aimed at 'naming and shaming'
At present, banks could be fined Rs 1 crore for a single violation
 "Penalty on erring banks aimed at 'naming and shaming'")
FinMin asks public sector banks to not sell gold coins
The central bank has also taken a number of steps to cut down gold imports
 "FinMin asks public sector banks to not sell gold coins")
Dissuade customers from buying gold, FM tells banks
The Finance Minister's caution comes a day after the government raised import duty on gold to 8 per cent from 6 per cent
 "Dissuade customers from buying gold, FM tells banks")
HDFC Bank told to pay Rs 5.2 lakh for misplacing cheque
Complaint had said that he had deposited a cheque of Rs 5 lakh in his HDFC account on November 16, 2011 which was not credited to his account but to someone else
 "HDFC Bank told to pay Rs 5.2 lakh for misplacing cheque")
Let every bank branch hand hold a Dalit entrepreneur: FM
Launches Sebi registered social impact fund
 "Let every bank branch hand hold a Dalit entrepreneur: FM")
IndusInd allows customers to choose their bank account numbers
Customers can now choose from their lucky, favorite, phone number, birth date or just something simple as their bank account number
 "IndusInd allows customers to choose their bank account numbers")
I hope new bank licences would be issued before March 2014: FM
Chidambaram says India needs more banks, more branches in small towns the backward regions of the country
 "I hope new bank licences would be issued before March 2014: FM")
RBI asked banks not to sell gold coins: Chidambaram
Banks have also been advised to restrict advances against gold coins
 "RBI asked banks not to sell gold coins: Chidambaram")
Pass on rate cut benefit to borrowers: FM tells banks
Says that even though RBI has cut repo rate by 125 basis points since early 2012, commercial banks have cut rates by only 30 basis points
 "Pass on rate cut benefit to borrowers: FM tells banks")
New foreign banks may be asked to form arms
Final norms on subsidiary route after resolving legal issues
 "New foreign banks may be asked to form arms")
 "Margin cap on MFI loans worries PE players")
Loan recast norms may not hit SBI profit: Pratip Chaudhuri
As per new norms, all loans restructured after April 1, 2015 will have to be classified as non-performing assets
 "Loan recast norms may not hit SBI profit: Pratip Chaudhuri")
RBI panel for single balance sheet of the central bank
The current practice sees then bank prepare two balance sheets
 "RBI panel for single balance sheet of the central bank")
Takru slams banks for lax loan appraisals
Undue advantage of CDR and Cobrapost expose also figure in public rap
 "Takru slams banks for lax loan appraisals")
Subbarao again questions FSDC ambit
Says FSDC to work only as coordination unit; Keep executive tasks of financial stability with regulators
 "Subbarao again questions FSDC ambit")
 "A snapshot of PE activity & deals")
Big churn in realty PE
Senior executives change jobs as new platforms emerge
'RBI clarification on new bank licence looking positive'
Shriram Group studying RBI clarification
 "'RBI clarification on new bank licence looking positive'")
RBI shifts fraud monitoring cell to Bengaluru
The cell will, however, continue to function under Department of Banking Supervision
 "RBI shifts fraud monitoring cell to Bengaluru")