Page 918 - Finance News
NPAs at Rs 6.8 lakh crore: PAC for naming and shaming defaulters
Out of Rs 6.8 lakh cr of NPAs of public sector banks, 70% are those of big corporate houses
 "NPAs at Rs 6.8 lakh crore: PAC for naming and shaming defaulters")
Karun Nair signs endorsement deal with DNI Home Theatre
DNI is a home Solution brand specialising in Home theatre, Home Automation
 "Karun Nair signs endorsement deal with DNI Home Theatre")
Post office schemes best option for safe, guaranteed returns
Debt funds better route for those looking at longer investment tenures
 "Post office schemes best option for safe, guaranteed returns")
Bank credit growth falls to 4.8%
Credit growth was 11.2% in the year-ago period and has now touched 5%
 "Bank credit growth falls to 4.8%")
Punjab National Bank raises Rs 1,500 cr tier-I capital via bonds
The bond holders will get yield of 8.95% per annum, payable semi-annually
 "Punjab National Bank raises Rs 1,500 cr tier-I capital via bonds")
Indian banks' loans rose 4.8% in 2 weeks to Feb 17: RBI
Deposits rose 12.8%, the RBI's weekly statistical supplement
 "Indian banks' loans rose 4.8% in 2 weeks to Feb 17: RBI")
SBI to charge for breaching monthly average balance in saving accounts
Penalty back after 4 years; max levy: Rs 100 plus service tax; bank to cut interest on certain FDs
 "SBI to charge for breaching monthly average balance in saving accounts")
ICICI bank raises $300 mn through bond sale
Bank had launched the issue, which was a part of its $7.5 billion medium-term notes programme
 "ICICI bank raises $300 mn through bond sale")
Bank loan market could revive soon as bonds become costly
Banks are clear that lending rates are not going to fall further
 "Bank loan market could revive soon as bonds become costly")
Exit non-core businesses: Finance ministry advises state-owned banks
This is part of capital raising exercise for banks
 "Exit non-core businesses: Finance ministry advises state-owned banks")
SBI Caps strengthens institutional equities business
It has significant presence in investment banking but lags pvt sector peers in broking space
 "SBI Caps strengthens institutional equities business")
ICICI Bank hits overseas debt market with $500-mn issue
Bank is expected to close the 5.5-year issue tonight
Traders term cash transaction fee by banks as financial terrorism
In a bid to discourage cash transactions, some banks are levying a fee of up to Rs 150
 "Traders term cash transaction fee by banks as financial terrorism")
Validating identity key for digital: Build a KYC database to prevent fraud
MD for risk & supply chain at Thomson Reuters, Cotter says simply collecting documents won't cut it
 "Validating identity key for digital: Build a KYC database to prevent fraud")
Pay Rs 150 after 4 cash transactions in a month at HDFC Bank, ICICI, Axis
The bank would also cap the third party cash transactions at Rs 25,000 per day
 "Pay Rs 150 after 4 cash transactions in a month at HDFC Bank, ICICI, Axis")
HDFC Bank begins to levy cash transaction fee
ICICI Bank has already been levying a similar fee since July 2016 on cash transactions beyond five
Banks need incentives to clean up bad loans: SBI
Bank adds the sector is prepared for the worst
 "Banks need incentives to clean up bad loans: SBI")
All banks must have mobile banking facility by March 31: Govt
This is part of the government's efforts to boost the digital payment system
 "All banks must have mobile banking facility by March 31: Govt")
How India is trying to tackle its bad loans problem
RBI Deputy Governor Viral Acharya has proposed setting up 'bad bank'
 "How India is trying to tackle its bad loans problem")
Indian rupee weakens 13 paise against US dollar
Dealers attributed the rupee's fall to increased demand for the US currency
 "Indian rupee weakens 13 paise against US dollar")