Page 917 - Finance News
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")
Not just SBI: PNB, BoB, BoI also charge for defaulting on minimum balance
PNB, BoB, BoI, Canara Bank already charge customers for failing to maintain a minimum balance
 "Not just SBI: PNB, BoB, BoI also charge for defaulting on minimum balance")
Five attractive small private banks
City Union, Federal, RBL, DCB and Karur Vysya have been able to grow consistently
 "Five attractive small private banks")
SC seeks reply of Centre, RBI on exchanging demonetised notes
The apex court asked why old notes were not accepted till March 31 as was promised
 "SC seeks reply of Centre, RBI on exchanging demonetised notes")
Govt asks SBI to reconsider minimum balance penalty
Also asked to reconsider levying charges on cash transactions, ATM withdrawals over specified limits
Punjab National Bank puts up for sale bad loans worth Rs 295 cr
Bank has identified assets worth Rs 1,800 cr that will be sold by month-end to recover bad loans
 "Punjab National Bank puts up for sale bad loans worth Rs 295 cr")
SBI to hike minimum balance for savings account
It will hit 31 crore depositors including pensioners and students
 "SBI to hike minimum balance for savings account")
Keep minimum balance in SBI accounts or pay levy
Banks have also reintroduced a levy beyond 4-5 free cash transactions at branches to cover costs
 "Keep minimum balance in SBI accounts or pay levy")
FinMin gives in-principle nod to ESOPs by PSU banks
Former RBI Governor Raghuram Rajan also made a case for offering ESOPs to bank staff
 "FinMin gives in-principle nod to ESOPs by PSU banks")
After 5 yrs, SBI to charge for breach of minimum balance from April
The charges and MAB varies according to the location of bank