Page 1438 - Finance News
Deadline for banks to allot unique ID to customers extended
The increasing complexity and volume of financial transactions necessitate that customers do not have multiple identities within a bank
 "Deadline for banks to allot unique ID to customers extended")
NPA additions see sharp fall in Q4
While peak is behind restructured loans remain bugbear
 "NPA additions see sharp fall in Q4")
 "New guidelines likely to stress profitability of state-run banks")
Check before depositing money with NBFCs: RBI
The central bank cautions investors to carefully evaluate investment decisions
 "Check before depositing money with NBFCs: RBI")
Thomas Mathew appointed interim chairman of LIC
S K Roy elevated to post of managing director
 "Thomas Mathew appointed interim chairman of LIC")
 "Power projects nearing ops date to expand banks' restructured portfolio")
RBI allows 12% margin cap for large MFIs
Last year, RBI had removed overall rate of interest cap of 26% but however had imposed margin cap of 10% on large MFIs and 12% for small MFIs
 "RBI allows 12% margin cap for large MFIs")
Rating downgrade risks have abated, says Urjit Patel
Comfortably financing CAD through cap flows; forex reserve position strong
 "Rating downgrade risks have abated, says Urjit Patel")
New debt recast norms likely to stress state-run banks' profitability
Public sector banks have bigger restructured portfolios than private lenders
 "New debt recast norms likely to stress state-run banks' profitability")
NPAs may touch 6.5% in June 2015 on revised RBI norms: ICRA
The report said that with the change in classification of old restructured advances would be the reason behind this
RBI makes debt recast norms more stringent
All restructured loans to become NPA from Apr 1, 2015; Promoters' personal guarantee a must; Infra projects to get breather
 "RBI makes debt recast norms more stringent")
 "Large MFIs may get to keep 12% margin cap this financial year")
Libor is not a single price: Tax tribunal
The ruling came in a transfer pricing dispute between DBS and the I-T dept
 "Libor is not a single price: Tax tribunal")
HDFC Bank's Aditya Puri is still highest-paid Indian bank CEO
He earned Rs 5.02 cr during the last financial year. His remuneration rose 2.4% from a year earlier
 "HDFC Bank's Aditya Puri is still highest-paid Indian bank CEO")
 "Some truth in Cobrapost expose, will take action: Subbarao")
Libor is not a single price: Tax tribunal
BREATHER FOR DBS BANK
Mann Deshi Bank opens first branch in Pune
This will be the bank's seventh branch with other six branches in remote areas of Maharashtra
RBI asks banks to expand internet, mobile banking reach
Also urges banks to also focus on elderly and pensioners besides urban clientele
PFC FY13 net up 46%; mulling banking foray
The company recorded a net profit of Rs 4,420 crore in 2012-13, compared with Rs 3,032 crore the year before
 "PFC FY13 net up 46%; mulling banking foray")
Sundaram Finance net profit drops 8%
Total income rose 16%, to Rs 543 cr for quarter ended March 31