Page 916 - Finance News
NSDL to float payments bank by May
NSDL was one of the 11 entities given licences to float payments bank
 "NSDL to float payments bank by May")
SBI floats one-time settlement scheme for tractor loans
The settlement scheme began early last month and will continue till March 31
 "SBI floats one-time settlement scheme for tractor loans")
Reason to cheer: No more limits on cash withdrawals at ATMs
RBI had announced last month that the restrictions would be lifted on March 13
 "Reason to cheer: No more limits on cash withdrawals at ATMs")
Pending repayments remain high for MFIs: RBI staff report
MFIs faced problems in getting repayment in some pockets of India because of currency shortage
 "Pending repayments remain high for MFIs: RBI staff report")
ICICI Bank, SBI, StanChart top bank frauds list: RBI
While ICICI had largest number of cases at 455, in value terms SBI topped with Rs 2,237 cr
 "ICICI Bank, SBI, StanChart top bank frauds list: RBI")
States' debt crisis set to worsen as repayment burden looms
None of the states is in a position to pay debt out of surplus, as there is no surplus, says Icra
 "States' debt crisis set to worsen as repayment burden looms")
Small loans, big impact: Microfinance now big business at banks
High margins and volumes are two reasons why banks are exploring the market in thrift credit
 "Small loans, big impact: Microfinance now big business at banks")
SBI forms subsidiary to manage group's real estate
Real estate is non-core function at SBI; a separate arm will help officials focus on core banking
 "SBI forms subsidiary to manage group's real estate")
B P Kanungo appointed RBI deputy governor
He has been appointed in place of R Gandhi
 "B P Kanungo appointed RBI deputy governor")
Arun Jaitley, Urjit Patel talk ways to resolve bad debt
The officials discussed ways to deal with NPAs, estimated at more than Rs 9.5 lakh crore: Sources
 "Arun Jaitley, Urjit Patel talk ways to resolve bad debt")
Canara Bank sells 13.45% stake in Can Fin Homes
Divestment is seen as a part of the monetisation process of non-core assets of Canara Bank
 "Canara Bank sells 13.45% stake in Can Fin Homes")
IndusInd Bank to raise capital through Rs 1,000 crore AT1 bonds
As on December 31, 2016, IndusInd had an asset base of about Rs 1,67,102 crore
 "IndusInd Bank to raise capital through Rs 1,000 crore AT1 bonds")
Paytm does a U-turn, rolls back 2% fee on recharge via credit cards
Company says that it would put in place new mechanisms to prevent misuse of credit cards
 "Paytm does a U-turn, rolls back 2% fee on recharge via credit cards")
Arun Jaitley, Urjit Patel to discuss NPAs, 'bad bank' today
The total gross non-performing assets of banks in December 2016 was more than Rs 6 lakh crore
 "Arun Jaitley, Urjit Patel to discuss NPAs, 'bad bank' today")
Insolvency professionals seek more protection
They play a key role in managing rescue and liquidation processes envisaged under the Code
 "Insolvency professionals seek more protection")
Govt unveils draft security rules for e-wallet firms
The Ministry of IT will take comments and suggestions until March 20
 "Govt unveils draft security rules for e-wallet firms")
NBFC cash loan against gold restricted to Rs 25,000
RBI reduced amount to Rs 25,000 from earlier Rs 1 lakh in line with provisions of the Income Tax Act
 "NBFC cash loan against gold restricted to Rs 25,000")
Axis Bank announces Young Bankers program 2016-17
Last date to register for the programme is July 21, 2016.
 "Axis Bank announces Young Bankers program 2016-17")
Minimum balance levy to cut burden of Jan-Dhan a/cs: SBI
Failure to maintain Monthly Average Balance will attract penalty of up to Rs 100 plus service tax
 "Minimum balance levy to cut burden of Jan-Dhan a/cs: SBI")
Now, you can work from home with SBI
Employees can now work from home by using mobile devices to address any urgent requirement
 "Now, you can work from home with SBI")