Page 540 - Finance News
RBI bars payment system operators from launching any new QR codes
Currently, there are two interoperable QR codes -- UPI QR and Bharat QR
 "RBI bars payment system operators from launching any new QR codes")
RBI pegs minimum NOF for housing finance companies at Rs 25 cr
The Reserve Bank of India (RBI) on Thursday fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.
 "RBI pegs minimum NOF for housing finance companies at Rs 25 cr")
Indian Bank Q2 net at Rs 412 crore versus Rs 1,755 cr loss a year ago
Lender expect credit growth to be 8-10 % this fiscal
 "Indian Bank Q2 net at Rs 412 crore versus Rs 1,755 cr loss a year ago")
HDFC Bank m-cap tripled in 6 yrs. But this rare bear on the stock still made money
After a 63% rebound from its March low, HDFC Bank's stock is too expensive given the risks related to management change and asset quality
 "HDFC Bank m-cap tripled in 6 yrs. But this rare bear on the stock still made money")
RBI to release on-tap TLTRO funds every Monday, scheme to run till Mar 31
The on-tap TLTRO scheme will remain operational till March 31, and all banks will be eligible to participate
 "RBI to release on-tap TLTRO funds every Monday, scheme to run till Mar 31")
SBI increases sops for home loans above Rs 75 lakh in festive push
Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh
 "SBI increases sops for home loans above Rs 75 lakh in festive push")
RBI announces Rs 1 trn 'on tap' TLTRO to enable banks to provide liquidity
Securities acquired by the banks with the intention to hold them up to maturity are classified under 'held to maturity (HTM)'
 "RBI announces Rs 1 trn 'on tap' TLTRO to enable banks to provide liquidity")
Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI
Liquidity availed by banks under the scheme has to be deployed in corporate bonds, commercial paper and non-convertible debentures issued by the entities in specific sectors
 "Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI")
YES Bank offers discounts on credit card; loans at competitive rates
YES Bank introduced festival season offers with discounts on processing fee on loans, low-cost EMIs, gift vouchers, cashbacks as well as various consumer loans at competitive interest rates.
 "YES Bank offers discounts on credit card; loans at competitive rates")
State Bank of India announces up to 25 bps concession on home loan rates
The country's largest lender State Bank of India on Wednesday announced concession of up to 25 basis points (bps) on its home loan rates
 "State Bank of India announces up to 25 bps concession on home loan rates")
HDFC Bank has sufficient financial heft to withstand economic shocks: S&P
The bank, according to the rating agency, has ample capital buffers, as reflected in its Tier-I capital ratio of 17.7 per cent as on September 30, 2020
 "HDFC Bank has sufficient financial heft to withstand economic shocks: S&P")
Gehlot urges PM to annul cooperative-related amendments of banking law
Rajasthan Chief Minister Ashok Gehlot has urged Prime Minister Narendra Modi to restore the original cooperative-related provisions of the banking law
 "Gehlot urges PM to annul cooperative-related amendments of banking law")
Festival offers: Axis Bank gives discount on debit, credit card purchases
Kick-starting its festival season offerings, Axis Bank on Tuesday announced a host of discounts on various consumer platforms, as well as loans at special rates
 "Festival offers: Axis Bank gives discount on debit, credit card purchases")
Jana Small Finance Bank opens 500th branch, plans 600 by March next year
Small finance lender Jana Small Finance Bank on Tuesday opened its 500th branch in Amruthahalli, Bangalore
 "Jana Small Finance Bank opens 500th branch, plans 600 by March next year")
Bank of Baroda ties up with Toyota Kirloskar Motor for auto finance
Following the pact, BoB will be one of the preferred financiers for the entire range of vehicles sold by TKM, the bank said in a statement
 "Bank of Baroda ties up with Toyota Kirloskar Motor for auto finance")
Indian Bank ties up with IIT-Madras to lend up to Rs 50 crore to start-ups
Funding to be done under 'IND Spring Board' initiative for both working capital and fixed asset purchases
 "Indian Bank ties up with IIT-Madras to lend up to Rs 50 crore to start-ups")
CBI books former PNB deputy manager Gokulnath Shetty in bribery case
The CBI has booked retired deputy manager Gokulnath Shetty in a fresh case of receiving a bribe of Rs 1.08 crore from Rishika Financials that arranged bank guarantees for Gitanjali Gems
 "CBI books former PNB deputy manager Gokulnath Shetty in bribery case")
Bank of Baroda completes IT integration of former Vijaya Bank branches
Within one-and-a-half years of bringing Vijaya Bank under its fold, Bank of Baroda said it has completed the technical integration of over 1,900 branches of erstwhile Bengaluru-headquartered lender
 "Bank of Baroda completes IT integration of former Vijaya Bank branches")
CSB Bank Q2 profit jumps to Rs 69 cr; to hike proportion of gold loans
It had posted a profit of Rs 24.6 crore in the second quarter of 2019-20
 "CSB Bank Q2 profit jumps to Rs 69 cr; to hike proportion of gold loans")
CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII
The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent
 "CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII")