Page 919 - Finance News
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")
Suryoday Small Finance Bank raises Rs 160 crore
TVS capital invests Rs 60 crore, two investors get RBI nod to hold more than 5 %
 "Suryoday Small Finance Bank raises Rs 160 crore")
Citi's app connects clients with experts
The facility has been launched in India, for the first time anywhere in the world
 "Citi's app connects clients with experts")
Banks' profit to improve in FY18, capital infusion necessary: S&P
It said India's banking sector will recover only marginally over the next few quarters
 "Banks' profit to improve in FY18, capital infusion necessary: S&P")
ICRA downgrades ratings for IFCI's bonds on sharp dip in asset quality
State-owned lender may need additional capital infusion
 "ICRA downgrades ratings for IFCI's bonds on sharp dip in asset quality")
No services at public sector banks today as unions go ahead with strike
Services like cash deposits and withdrawal from branches and cheque clearances have been hit hard
 "No services at public sector banks today as unions go ahead with strike")
Bitcoin firms form self-regulatory body for transparent growth
Appoint Nishith Desai as advisor to frame norms for all aspects of the business
 "Bitcoin firms form self-regulatory body for transparent growth")
SFBs bet on local hiring in face of cost-effective staff crunch
These banks are finding it hard to pick up seasoned bankers at the pay they are offering
 "SFBs bet on local hiring in face of cost-effective staff crunch")