Page 921 - Finance News
SBI Research pegs Q3 GDP growth at low 5.8%; FY17 at 6.6%
From next year growth could move up faster if demand comes back faster post-remonetisation
 "SBI Research pegs Q3 GDP growth at low 5.8%; FY17 at 6.6%")
NPCI starts pilot project to digitise MFI transactions
Process has been initiated to bring payments by digitising transactions of Svatantra Microfinance
 "NPCI starts pilot project to digitise MFI transactions")
At 12%, banks in Odisha have higher NPA than national average
Maximum slippages noted in loans advanced to farm and education sectors
 "At 12%, banks in Odisha have higher NPA than national average")
India's bankers sceptical over RBI proposal on bad loans
RBI Deputy Governor Viral Acharya proposed creation of a private-based agency
 "India's bankers sceptical over RBI proposal on bad loans")
HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point
Sebi and the RBI are looking at tightening trigger points for foreign portfolio investment
 "HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point")
RBI deputy guv Viral seeks 2 asset management companies to tackle bad debt
According to Acharya's plans, govt should not bear full cost of restructuring losses
 "RBI deputy guv Viral seeks 2 asset management companies to tackle bad debt")
IDBI Bank to sell stake in non-core businesses
The government's holding in IDBI Bank stood at 73.98 per cent as on December 2016
 "IDBI Bank to sell stake in non-core businesses")
Recovery bogey haunts 5 PSBs with high NPAs
Slippages have moderated in Q3 but delays in resolution of bad loans are making life difficult
 "Recovery bogey haunts 5 PSBs with high NPAs")
SBI chief moots dedicated spectrum for financial transactions
Arundhati Bhattacharya called for better telecom infra to drive digital payments agenda of govt
 "SBI chief moots dedicated spectrum for financial transactions")
India must urgently resolve bad debt at lenders: Viral Acharya
India had did it through a piecemeal approach that has given all discretion to lenders
 "India must urgently resolve bad debt at lenders: Viral Acharya")
HDFC Bank FPI trades: Sebi, RBI mull safeguards
RBI has restored the cap as the exposure crossed the prescribed 74% threshold
 "HDFC Bank FPI trades: Sebi, RBI mull safeguards")
IDBI Bank to divest non-core investments
According to IDBI Bank, the issue of capital may be discussed in a subsequent board meeting
 "IDBI Bank to divest non-core investments")
Explain the bad debt mess: Govt pulls up bankers for NPA woes
The economic slowdown had started much before 2013 but banks continued to pour money into sick firms
 "Explain the bad debt mess: Govt pulls up bankers for NPA woes")
Soon, make payments with your Aadhaar number without linking it to a bank
IndiaPost's payments bank to become operational in Sep; make Aadhaar payment address
 "Soon, make payments with your Aadhaar number without linking it to a bank")
HSBC's 2016 pre-tax profit falls 62%; sets new $1 billion share buy-back
$1 billion share buy-back takes HSBC's announced buy-backs since second half of 2016 to $3.5 billion
 "HSBC's 2016 pre-tax profit falls 62%; sets new $1 billion share buy-back")
Further consolidation in PSU banks after improvement in NPA
The meeting also discussed the problems faced by banks in faster resolution of stressed assets
IDBI Bank board meets today to discuss capital raising
The bank has been in discussion with the government on the capital infusion plan
 "IDBI Bank board meets today to discuss capital raising")
IDBI privatisation back on govt agenda
Will rework strategy, indicates FinMin, concerned at lender's worsening finances
Now pay for Uber rides with JioMoney from February 20
Deal to give boost to cash-free payments across India and provide mobility options to Jio users
 "Now pay for Uber rides with JioMoney from February 20")
Canara Bank's Rs 1,124 cr rights issue to open on March 2
Proceeds will be utilised to fund business growth
 "Canara Bank's Rs 1,124 cr rights issue to open on March 2")