Page 905 - Finance News
SBI bonds create trading opportunities
Traders are hoarding and hunting SBI's perpetual notes by betting it will buy them back within 10 weeks
 "SBI bonds create trading opportunities")
RBI should be flexible for WLTF banks to succeed: Bankers
If the earlier mode continues, it would be continuation of the old development finance institution
 "RBI should be flexible for WLTF banks to succeed: Bankers")
M Patra pushed for rate hike at RBI's monetary policy review meet
But minutes of meeting show executive director voting for status quo
 "M Patra pushed for rate hike at RBI's monetary policy review meet")
Ex-RBI governor Rangarajan sees lending rates remaining high
He was replying to question on possibility of rate cuts after surge in deposits post-demonetisation
RBI rate panel maintains hawkish stance, warns of inflation
Consumer price inflation rose by an annual 3.81 per cent in March
 "RBI rate panel maintains hawkish stance, warns of inflation")
Half of PSBs can be impacted by revised PCA framework: Fitch
PCA was previously viewed as 'an extraordinary step' which the central bank avoided
 "Half of PSBs can be impacted by revised PCA framework: Fitch")
Nabard extends Rs 9,241 cr to co-operative banks, RRBs as refinance in Guj
This is highest ever refinance support given by the bank in Gujarat
 "Nabard extends Rs 9,241 cr to co-operative banks, RRBs as refinance in Guj")
Forgot your ATM pin? You may soon make payments with your fingerprints
If biometrics match, cardholder is successfully authenticated and transaction can then be approved
 "Forgot your ATM pin? You may soon make payments with your fingerprints")
New framework to deal with toxic assets soon
While they have restructured loans, there is still question mark over the success of such a work-out
 "New framework to deal with toxic assets soon")
Cement firm drills Rs 350-cr hole in IndusInd, YES Bank profits
YES Bank's bad assets more than double
 "Cement firm drills Rs 350-cr hole in IndusInd, YES Bank profits")
Yes Bank Q4 net zooms 30% to Rs 914 cr; bad loans soar
Bad loans rose 1.52% of gross advances as on March 31 as against 0.76% a year ago
 "Yes Bank Q4 net zooms 30% to Rs 914 cr; bad loans soar")
Yes Bank Q4 net rises 30% to Rs 914 cr
Interest earned in the quarter rose more than 23% to Rs 4,349 cr
IndusInd Bank Q4 net up 21% at Rs 751 cr
FY17 net up 25% at Rs 2,867 cr
 "IndusInd Bank Q4 net up 21% at Rs 751 cr")
RBI raises provisioning on telecom loans
Total debt at about Rs 4 lakh crore, analysts estimate stress of Rs 80,000 crore
RBI asks banks to closely monitor loans to telecom sector
Telecom sector has a debt of about Rs 4.6 lakh crore
SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more
The fee kicks in from April 1
 "SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more")
RBI issues guidelines for bank investments into REITs, InvITs
Banks would not be allowed to invest more than 10% of the unit capital of a REIT or InvIT
Note ban impact: Rising defaults by MFI borrowers turn investors cautious
Securitisation volumes drop 20% in F&17 after two years of rapid growth
 "Note ban impact: Rising defaults by MFI borrowers turn investors cautious")
FSDC panel reviews global, domestic factors impinging financial stability
Panel also reviewed the status of implementation of recommendations of Financial Stability Board
Don't finalise benefit options for associate banks' staffers: HC to SBI
SBI set Apr 13 deadline for officers of 5 associate banks for options regarding PF, pension, etc
 "Don't finalise benefit options for associate banks' staffers: HC to SBI")