Page 907 - Finance News
CBI arrests four for cheating banks to the tune of Rs 2,240 crore
Sanjay Jain, Rajiv Jain, Rohit Chaudhary, Sanjeev Agarwal have been arrested on the complaint of PNB
 "CBI arrests four for cheating banks to the tune of Rs 2,240 crore")
Oriental Bank of Commerce to appoint 120 specialist officers
Last date for online registration is April 26, 2017
 "Oriental Bank of Commerce to appoint 120 specialist officers")
Canara Bank Securities on a recruitment drive
Last date to send in applications is April 18, 2017
 "Canara Bank Securities on a recruitment drive")
IFSC banking units get RBI boost
RBI has allowed IFSC banking units (IBUs) to engage in derivative transactions
 "IFSC banking units get RBI boost")
SBI merger may spill over to next financial year
Consolidation of books to take 30 days from announcement of merger date
 "SBI merger may spill over to next financial year")
Banks cutting rates to use liquidity available, says Arun Jaitley
Some parties said demonetisation did not have positive impact on credit growth
 "Banks cutting rates to use liquidity available, says Arun Jaitley")
Cybertheft attempt on Union Bank of India resembles Bangladesh heist
Similarities between hacks raise concerns about recent attacks on financial institutions world-wide
 "Cybertheft attempt on Union Bank of India resembles Bangladesh heist")
SBI Bareilly branch opened 2,000 accounts to channelise black money: CBI
At least Rs 8 crore were deposited in old notes in these accounts
 "SBI Bareilly branch opened 2,000 accounts to channelise black money: CBI")
Digital payments: Central Bank of India customer wins Rs 1 cr
President congratulated the six winners of Lucky Grahak Yojana and Digi Dhan Vyapar Yojana
 "Digital payments: Central Bank of India customer wins Rs 1 cr")
Govt may seek extension of Sebi's Aug deadline for paring stakes in PSBs
Post the second round of capital infusion in March, the govt stake in some PSBs could go beyond 75%
 "Govt may seek extension of Sebi's Aug deadline for paring stakes in PSBs")
Online gold loans to get big boost: Manappuram Finance Ltd CEO & MD
MD & CEO V P Nandakumar says the target for FY18 is to grow consolidated AUM by 20%
 "Online gold loans to get big boost: Manappuram Finance Ltd CEO & MD")
No deadline for introduction of Sharia banking: RBI
Sharia banking is a finance system in which charging interest rates is prohibited under Islam
 "No deadline for introduction of Sharia banking: RBI")
Bank unions take realistic view, sign MoU on turnaround plan
SBI Caps is in the process of formulating the turnaround plan for the banks
 "Bank unions take realistic view, sign MoU on turnaround plan")
RBI proposes wholesale, long-term finance banks
Discussion paper fixes Rs 1,000 cr as minimum capital for these specialised banks
 "RBI proposes wholesale, long-term finance banks")
RBI releases paper on wholesale, long-term finance banks
Banks account for most of India's project funding in the absence of a deep bond market
 "RBI releases paper on wholesale, long-term finance banks")
SBI bad loans balloon, post-merger provisioning may rise
SBI's gross NPAs in December 2016 were at Rs 1.08 lakh crore, an increase by 48.6% from Rs 72,792 cr
 "SBI bad loans balloon, post-merger provisioning may rise")
Airtel Payments Bank opens 150,000 savings accounts in Odisha
In Odisha, over 15,000 neighborhood Airtel retail stores also function as banking points
High govt support to banks to deal with stressed asset 'negative' : Fitch
Said note ban can boost govt revenue by moving economic activity from informal to formal sector
 "High govt support to banks to deal with stressed asset 'negative' : Fitch")
RBI raises ARCs' capital requirement to Rs 100 cr
Earlier the requirement was Rs 2 crore
RBI surprises with reverse repo hike
Indicates tightening of policy, even as it maintains neutral stance; cautions on inflation
 "RBI surprises with reverse repo hike")