Page 911 - Finance News
SBI raises $500 mn in 3-year dollar debt
The Reg S bond programme has been sold through its London branch and is priced at Libor plus 95 bps
 "SBI raises $500 mn in 3-year dollar debt")
Home loan interest too high for Indian buyers: Study
This is making buyers dig into savings to own a house
 "Home loan interest too high for Indian buyers: Study")
Small finance bank RGVN to raise $20 mn from IFC
Investment to help the SFB support growth and manage its liability during early years
 "Small finance bank RGVN to raise $20 mn from IFC")
Kotak launches zero-charge digital bank account
Its aim is to double the customer base to 16 million over the next 18 months
 "Kotak launches zero-charge digital bank account")
ALTBalaji partners MobiKwik for payment wallet integration
MobiKwik Wallet users to get 25% cashback on ALTBalaji's subscription
 "ALTBalaji partners MobiKwik for payment wallet integration")
Kotak Mahindra Bank launches 8-11 app to double customer base
Initiative allows one to open zero-balance, zero-charge a/c in 5 minutes using only Aadhar and PAN
UCO Bank may raise Rs 1,000 crore from LIC via bonds
Shares of bank were trading 1.10 per cent up at Rs 36.65 on the BSE
 "UCO Bank may raise Rs 1,000 crore from LIC via bonds")
Note ban frenzy over? Jan Dhan accounts see brisk withdrawals
Between January 1-March 15 close to Rs 10,500 crore was withdrawn from these accounts
 "Note ban frenzy over? Jan Dhan accounts see brisk withdrawals")
Levy for not keeping minimum balance in banks should be reasonable: Govt
Govt adds levy must not be out of line with the average cost of providing these services
 "Levy for not keeping minimum balance in banks should be reasonable: Govt")
Your phone can help you get a loan instantly
Lenders are using apps to gather detailed information about you to fasten the loan process
 "Your phone can help you get a loan instantly")
RBI doesn't target any range for rupee, says S S Mundra
What we always do is to curb the undue volatility in the forex market, says Mundra
 "RBI doesn't target any range for rupee, says S S Mundra")
Govt, RBI may introduce gradation system to deal with bad debts
Banks to get more aggressive and act like PE investors
 "Govt, RBI may introduce gradation system to deal with bad debts")
RBI likely to go for status quo at April review: Analysts
As against a RBI target of 5%, the CPI inflation for March came in at 3.7 per cent in February
 "RBI likely to go for status quo at April review: Analysts")
MAS Financial Services to go public, files Rs 550-cr IPO papers with Sebi
Net proceeds will be utilised towards augmenting its capital base
 "MAS Financial Services to go public, files Rs 550-cr IPO papers with Sebi")
A paperless growth in housing finance
Vastu Housing Finance is trying to leverage technology to establish and distinguish itself
 "A paperless growth in housing finance")
HDFC's Aditya Puri features in world's 30 best CEOs list by Barron's
According to the magazine, a 2014 trip to Silicon Valley made Puri a digital evangelist
 "HDFC's Aditya Puri features in world's 30 best CEOs list by Barron's")
PayU plans Digibank, aims for $100 million revenue by March 2018
He said that the company will not require to set up a brick and mortar structure for the Digibank
 "PayU plans Digibank, aims for $100 million revenue by March 2018")
SBI workforce may see 10% reduction by 2019; hiring to fall by 50%: MD
However, SBI MD Rajnish Kumar ruled out any lay-offs
 "SBI workforce may see 10% reduction by 2019; hiring to fall by 50%: MD")
Ireda to sanction Rs 13,000 cr loans for renewables in FY18
The loan sanctions by Ireda have grown from Rs 826 crore in 2007-08 to Rs 7,806 crore in 2015-16
 "Ireda to sanction Rs 13,000 cr loans for renewables in FY18")
Bad debt woes: RBI set to take driver's seat in banks' fight against NPAs
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end
 "Bad debt woes: RBI set to take driver's seat in banks' fight against NPAs")