Page 858 - Finance News

Reserve Bank sets up task force on public credit registry

The PCR would help in enhancing efficiency of the credit market, increase financial inclusion, improve ease of doing business and help control delinquencies

Diwali season: Paytm Wallet processes $1.6-bn transactions

60% of growth comes from Tier-II and Tier-III cities

HSBC appoints Jayant Rikhye as CEO India

Rikhye joined the bank in 1989 and is currently the head of international markets, Asia Pacific

Banking industry wage pact unlikely by month-end

Banks want wages to be linked to productivity rather than the present practice of automatic hikes in wages based on tenure

Cornered bankers have much to tell RBI

The central bank has given lists of companies to banks for quick resolution

Most large global banks plan major investments in open banking: Accenture

Open banking is an emerging service model that allows customers to share access to their financial data with non-bank third parties, which can then use that data to provide them with better banking

Lakshmi Vilas Bank eyes 25% Casa, five-fold rise in fee income in two years

For the quarter, Casa grew by 32.5%, helping the bank improve its cost-to-income ratio to 48.27% from 51.44%

RBI plans to empanel advertising agencies for multi-media activities

The scope of work of empanelled agencies would also encompass production of TV spots/radio jingles

Banks fear additional Rs 40,000-cr NPAs as RBI reclassifies Axis' accounts

The Reserve Bank has directed certain reclassifications in the private sector lender's asset classification and provisioning as on March 2017

Only 2,300 bank branches open Aadhaar centres on premises

While Punjab National Bank has to open enrolment centres in 1,132 branches, it has not yet started any

64% of Indians used banks, more than in Bangladesh, Nigeria, Pakistan

As many as 68% said they had access to a mobile phone while only 26% said they had ever received or sent a text message

Mahindra Rural HFC to disburse higher-ticket affordable loans

HFC's scale of operations, although small, has been improving over the past few years

Bajaj Finserv cuts interest to 11.99% on Rs 12 lakh or above personal loans

Customers availing loan amount of Rs 8 lakh to Rs 11.99 lakh will be offered an interest rate of 13.49% and loan amount of Rs 6 lakh to Rs 7.99 lakh at 13.99%

IFMR closes India's first collateralised loan obligation

IFMR Capital extended loans from its own balance sheet to four NBFCs with an outstanding amount of Rs 114 cr

Led by commercial papers, credit growth picks up to 14.6 % to September end

The year-on-year bank credit growth as of September 15 stood lower at 7.5%

Priority sector lending: Farms, education pose challenges

As on Aug 18, education loans outstanding were Rs 59,300 cr against Rs 61,500 cr as on Aug 19, 2016

Gross NPAs of private lenders up 55% to Rs 35,772 cr in Sept quarter

The lion's share of this was Axis Bank's, given its large balance sheet

PNB Housing to seek board nod for raising over Rs 12,000 crore

The company plans to raise up to Rs 6,000 crore by way of issuance of secured and unsecured non-convertible debentures

Axis Bank shares crash 9.4% as asset quality worsens

Brokerages cut price target and earnings forecast

Andhra Bank puts up Rs 1,653-cr of NPAs for sale

The gross and net NPA ratios were 5.75 per cent and 2.99 per cent, respectively, in June 2015