Page 477 - Finance News
RBI appointed panel suggests 4-tier structure for Urban Co-operative Banks
It has suggested that the minimum Capital to Risk-Weighted Assets Ratio (CRAR) for them could vary from 9 per cent to 15 per cent and for Tier-4 UCBs the Basel III prescribed norms.
 "RBI appointed panel suggests 4-tier structure for Urban Co-operative Banks")
HDFC Bank aims to issue 300,000 credit cards per month from next quarter
HDFC Bank is looking at winning back the market share by number of cards in the next one year, a senior official said on Monday.
 "HDFC Bank aims to issue 300,000 credit cards per month from next quarter")
Honda Cars ties up with Canara Bank to offer finance options to customers
Honda Cars India Ltd (HCIL) on Monday said it has joined hands with Canara Bank to offer retail finance schemes to customers.
 "Honda Cars ties up with Canara Bank to offer finance options to customers")
Customers in limbo as banks, payments firms, RBI seek to settle 2 issues
Regulating how payment facilitators store customers' card details and auto-renewal of payments puts industry at crossroads.
 "Customers in limbo as banks, payments firms, RBI seek to settle 2 issues")
IBA seeks licence to set up Rs 6,000-cr bad bank, RBI nod soon: Report
RBI's approval could come either in September or October, sources added
Karnataka Bank plans to raise Rs 6,000 crore via debt this fiscal
Karnataka Bank plans to raise up to Rs 6,000 crore debt capital during the current financial year, and it will seek shareholders' approval in the ensuing AGM next month
 "Karnataka Bank plans to raise Rs 6,000 crore via debt this fiscal")
Banks recast loans worth Rs 35,000 crore under RBI's second scheme
Retail and loans to micro, small and medium enterprises have the largest share in the two schemes combined
 "Banks recast loans worth Rs 35,000 crore under RBI's second scheme")
Ujjivan Small Finance Bank's board to meet on August 25 to select OSD
The OSD would work as the interim chief executive after Chugh leaves and till a full time MD&CEO is appointed
 "Ujjivan Small Finance Bank's board to meet on August 25 to select OSD")
Ujjivan SFB likely to elevate Carol Furtado as interim MD, CEO next week
Troubled with huge NPAs and top-level exits, Ujjivan Small Finance Bank is expected to elevate its head of operations Carol Furtado as an interim chief early next week
 "Ujjivan SFB likely to elevate Carol Furtado as interim MD, CEO next week")
Bank of Maharashtra waives loan processing fees under special offer
State-owned Bank of Maharashtra (BoM) has announced a slew of offers, including concessional interest rates and a 100 per cent waiver on processing fees on retail loans.
 "Bank of Maharashtra waives loan processing fees under special offer")
NPCI global arm ties up with Mashreq Bank for UPI payments in UAE
NPCI's global arm NPCI International Payments Ltd (NIPL) has partnered with UAE-based Mashreq Bank to provide its mobile-based real-time payment system UPI in the gulf nation
 "NPCI global arm ties up with Mashreq Bank for UPI payments in UAE")
MPC minutes: Economy struggling to regain momentum of H2FY21, says Das
The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures, says RBI Governor
 "MPC minutes: Economy struggling to regain momentum of H2FY21, says Das")
Ujjivan SFB shares tumble nearly 19% as MD, CEO Nitin Chugh resigns
Shares of Ujjivan Small Finance Bank on Friday tumbled nearly 19 per cent after the announcement that its Managing Director and Chief Executive Officer Nitin Chugh has resigned from the bank.
 "Ujjivan SFB shares tumble nearly 19% as MD, CEO Nitin Chugh resigns")
Nitin Chugh resigns as MD & CEO of Ujjivan Small Finance Bank
Chugh resigned from his position citing personal reasons, effective September 30, 2021
Why RBI disagrees with market perception on policy normalisation
RBI's announcement of liquidity absorption through the variable reverse repo auction was interpreted by the market as an indication of withdrawal from the accommodative stance
 "Why RBI disagrees with market perception on policy normalisation")
Govt appoints Shanti Lal Jain as MD and CEO of Indian Bank for 3 years
Jain is presently the Executive Director of Bank of Baroda
 "Govt appoints Shanti Lal Jain as MD and CEO of Indian Bank for 3 years")
CVC re-appoints T M Bhasin as chairman of Advisory Board for Banking Frauds
The Central Vigilance Commission (CVC) on Thursday re-appointed T M Bhasin as chairman of the Advisory Board for Banking and Financial Frauds
 "CVC re-appoints T M Bhasin as chairman of Advisory Board for Banking Frauds")
Govt appoints Lalit Kumar Chandel on Bank of Maharashtra board
The government has appointed Lalit Kumar Chandel, Economic Adviser, Department of Financial Services, on the board of Bank of Maharashtra
Vietnam, India top measure of cryptocurrency adoption by individuals
Interest in cryptocurrencies has surged since the onset of the pandemic, in part because of substantial gains by digital tokens like Bitcoin and Ether
 "Vietnam, India top measure of cryptocurrency adoption by individuals")
Will come back with a bang in credit cards: HDFC Bank CEO Jagdishan
'I am confident that we will regain and grow our customer market share and revenue market share in the time to come,' says HDFC Bank CEO
 "Will come back with a bang in credit cards: HDFC Bank CEO Jagdishan")