Page 619 - Finance News

Bank credit growth dips to 8.5% in January from 13.5% year-ago: RBI data

Growth in advances to the services sector decelerated to 8.9 per cent from 23.9 per cent in January 2019

Unions defer 3-day strike as banks raise pay hike offer to 15% from 12.5%

Banking unions had given a call for a three-day strike from March 11

Allahabad Bank lowers interest rate on external benchmark-linked products

While the RBI's repo rate remains unchanged at 5.15 per cent, the three-month MIBOR (Average) has reduced to 5.75% from 6.15%

SBI expects corporate credit offtake growth between 5 to 7% during Q4

Sectors like thermal power, NBFCs and commercial real estate sector are currently facing some stress

SBI sees green shoots in roads, city gas distribution and renewable sectors

PSUs seen as drivers of credit demand, which the bank sees growing by 5-7%; No major impact of coronavirus yet

Analysts expect RBI to cut rates on growth concerns, coronavirus scare

Analysts expect an impact on India due to raw material shortages likely to disrupt supplies for key industries

IBA, United Forum of Bank Unions to meet on Saturday to close wage pact

The talks come just ahead of the mergers of four sets of state-run banks, effective from April 1

Sebi amends the guidelines for intermediaries operating at GIFT City

Besides, the watchdog has changed the guidelines for reporting of financial statements by issuers listing their debt securities at IFSC.

India Post Payments Bank reaches milestone of 20 million customers

On average, IPPB has been opening and maintaining a run rate of 33 lakh accounts per quarter.

PFRDA chief mulls separate trust to manage private sector pension funds

Many other pension schemes in the market currently are unregulated

Axis Bank appoints Puneet Sharma as CFO, to take charge from March 6

Sharma replaces Jairam Sridharan, who has resigned as the group executive and CFO of the bank

Merger of public sector banks on schedule, says Nirmala Sitharaman

But in a meeting with the brass, Sitharaman didn't discuss the merger process,said a banker

IndusInd Bank CEO race gets interesting as Tata Capital's Sabharwal enters

No other bank in the country has almost its entire top brass so closely associated with its helmsman throughout the larger part of their careers

Loans for medium enterprises must be linked to external benchmarks: RBI

With respect to micro and small enterprises, floating rate loans are already linked with external benchmarks

Bandhan Bank to add 250 banking outlets by the end of this financial year

Move follows relaxation given by RBI to expand network. Earlier, the regulator had imposed curbs on lender for not meeting promoter shareholding norms

Merger of public sector banks on schedule, says Nirmala Sitharaman

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on"

Time to review BR Act as pvt banks struggle for top independent directors

Private banks are struggling to get top-class independent directors on their boards

Hit by technical glitch for 12 hrs, RTGS, NEFT transactions restored at RBI

Transactions via NEFT and RTGS were affected for almost 12 hours beginning Monday midnight

Gross credit offtake may see a 200-300 bps rise in FY21, says CRISIL

Bank loans to corporate houses, excluding bank loans to NBFCs, is expected to remain subdued in FY20

Simplex Projects case: Bank of Baroda moves SC against Calcutta HC's order

The matter pertains to a bank guarantee of Rs 6.97 crore furnished by BoB to Indian Oil Corporation (IOC) on behalf of Simplex Projects