Page 865 - Finance News

Digital payment push: FinMin to organise Mudra camps from Varanasi

As part of the special drive, 50 camps, including one each in state capitals, will be organised between September 27 and October 17, official sources said

Irdai panel to boost policyholder protection, implement risk-based capital

Irdai forms panel to enhance protection to policyholders, implement risk-based capital

Bullet train, other projects to aid debt-laden banks' recovery: SBI chief

Said preparation of detailed project reports take time, so benefits would be reflected in the books of the bank in due course

Prefer merger among stronger banks: Arun Jaitley

Referring to divestment in Air India, Jaitley said the process disinvestment was moving quite well

Focus stimulus package on raising capex, says Rangarajan

He also made a case for recapitalisation of PSBs, so that they could provide more funding to the private sector

RBI expected to revise down GVA growth projection, keep rates unchanged

Risks to the RBI's GVA growth forecast of 7.3% this fiscal are clearly tilted to the downside

PNB plans to raise up to Rs 5,000 cr from market to fund growth

The bank did not give say whether it would be raised by diluting government equity or issuing Additional Tier-1 bonds

YES Bank trims staff by almost 2,500, cites redundancies

As of June 2017, the staff strength of the bank stood at 20,851

Private banks' share in credit to reach 40% by 2020, says Icra

Banking industry reported marginal growth of 2.2% in FY17, as compared with 6.9% in FY16

Financial inclusion providing entire range of banking services: SBI chief

Financial inclusion Arundhati Bhattacharya said has four key aspects -- accessibility, affordability, quality and usability

Indian Bank raises Rs 2,000 cr for infrastructure, affordable home loans

Providing affordable housing is one of the ambitious projects of the government

Cheque books, IFSC codes of 6 subsidiary banks invalid from Sept 30: SBI

SBI is also examining customer feedback over non-maintenance charges of monthly balance in their accounts

Housing finance firms muscle in on banks' turf

Commercial banks saw their share of the business decline from 67 per cent in 2012 to 63 per cent in March 2017

Why the Bankruptcy Code is turning into a double-edged sword for banks

Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues

Theleme Master sells BoB shares worth Rs 1,115 cr through open transaction

The shares were offloaded on an average price of Rs 147.06, valuing the transaction at Rs 1,114.97 crore, data showed

RBI notifies P2P lending businesses as NBFCs

P2P lending is a form of crowd-funding used to raise loans which are paid back

Battling wilful defaulters

With high pressure on profitability and credit costs, banks and FIs have stepped up action against them

Banks play 'mind games' to woo customers

Big data and 'games' are the tools of the trade

Gujarat bank lending growth dips by half to 3.79% in Apr-Jun

Gross advances by banks in Gujarat stood at Rs 4,77,480 crore in the quarter ended June, up from Rs 4,60,030 crore in the March quarter

Big 4 accounting firms on IBA's list of forensic auditors

As many as 22,949 cases of fraud in both public and private banks came to light in the last five fiscals involving over Rs 69,769 crore