Page 922 - Finance News
IDBI privatisation back on govt agenda
Will rework strategy, indicates FinMin, concerned at lender's worsening finances
 "IDBI privatisation back on govt agenda")
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")
SBI rebrands its corporate website as 'bank.sbi'
The existing web address will remain active till customers become familiar with new address
 "SBI rebrands its corporate website as 'bank.sbi'")
Don't settle all Friday trades in HDFC Bank: RBI to custodians
Central bank issued direction after 74% FPI ceiling was crossed
 "Don't settle all Friday trades in HDFC Bank: RBI to custodians")
No plan to defer IPO by 3 years: Bandhan Bank
Reports earlier said that Bandhan Bank would seek permission to defer IPO by three years
 "No plan to defer IPO by 3 years: Bandhan Bank")
Conversion to small banks may hit NBFCs initially
Analysts feel NII of SFBs may gradually fall from current 47.8% to 27.5% in the next two years
 "Conversion to small banks may hit NBFCs initially")
SBT to raise up to Rs 600 cr ahead of merger with SBI
Bank gets executive committee nod to raise funds, to augment its additional tier-I capital
 "SBT to raise up to Rs 600 cr ahead of merger with SBI")
Who would want payment wallets, when UPI is faster: HDFC Bank's Aditya Puri
Payment wallets not a viable business option, says the HDFC Bank chairman
 "Who would want payment wallets, when UPI is faster: HDFC Bank's Aditya Puri")
Foreign investors pay top dollar for HDFC Bank
Stocks jump 9.5% after RBI lifts FII ban; Retreats to 3.75% as investment ceiling is hit
 "Foreign investors pay top dollar for HDFC Bank")
FPI trades in HDFC Bank stock in limbo
Foreign shareholding cap in the bank overshoots limit; RBI calls emergency meeting of custodians
 "FPI trades in HDFC Bank stock in limbo")
Aditya Puri backs national bad bank as solution to NPA problem
Almost 20% of the banking assets are stressed with the NPAs
 "Aditya Puri backs national bad bank as solution to NPA problem")
RBI's tasks to rise manifold with growing NBFCs, digi-platforms: Rangarajan
He also said note ban controversy could have been avoided, had officials been better prepared
 "RBI's tasks to rise manifold with growing NBFCs, digi-platforms: Rangarajan")
Foreign stake in HDFC Bank crosses 74% limit again: RBI
RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a day-to-day basis
No major impact on Indian banks in UK post-Brexit: SBI UK chief
Sanjiv Chadha believes that London would continue to be the global 'financial hub'
 "No major impact on Indian banks in UK post-Brexit: SBI UK chief")
RBI proposes lower MDR from April 1 to keep digi-pay momentum
MDR to be on the merchant turnover basis, rather than the present transaction value-based slab-rate
 "RBI proposes lower MDR from April 1 to keep digi-pay momentum")
BMB-SBI merger might get nod in some months
Cabinet approved the merger of 5 associate banks with SBI, making it among top 50 global lenders
Trump Budget won't necessarily prompt higher rates: Yellen
The Federal Reserve chief demurred on commenting on specific changes in the budget
 "Trump Budget won't necessarily prompt higher rates: Yellen")
Bank of America misses a big options payday, Goldman cashes in
Contrast shows gaps between banks that have recovered from financial crisis and those that haven't
 "Bank of America misses a big options payday, Goldman cashes in")
PNB Housing offers EMI step up plan for self-employed loanees
Customers will get 3 step ups while the outstanding amount will be amortised over remaining tenure
 "PNB Housing offers EMI step up plan for self-employed loanees")