Page 928 - Finance News
India signs Financing Agreement with World Bank for $201.50 million
The objective of the agreement is to improve the Engineering Education sector in India
 "India signs Financing Agreement with World Bank for $201.50 million")
25 bps repo rate cut more likely in April not February: Citigroup
The central bank will hold its next monetary policy meet on February 8
 "25 bps repo rate cut more likely in April not February: Citigroup")
Little in Budget for stress loan-laden banks
Bad bank proposal very much on government agenda: Jaitley
 "Little in Budget for stress loan-laden banks")
State Bank of Hyderabad Q3 net loss at Rs 619 crore
For the quarter-ended on December 2016
 "State Bank of Hyderabad Q3 net loss at Rs 619 crore")
Govt to infuse Rs 10,000 cr in PSU banks in FY18
Under Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore
UCO Bank posts Q3 net loss of Rs 437 crore
Gross NPAs increase to 17.2% from 11% year-on-year
 "UCO Bank posts Q3 net loss of Rs 437 crore")
Dena Bank favours tax benefits on digital payments in Budget
Bank has favoured tax concessions in the upcoming Budget for customers
 "Dena Bank favours tax benefits on digital payments in Budget")
ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise
Gross non-performing loan ratio widens to 7.91%
 "ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise")
ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise
Asset quality remains under pressure leading to a rise in dud loans and lower core interest income
 "ICICI Bank Q3 net falls 19% to Rs 2,442 cr; bad loans rise")
Lack of clarity in I-T law a concern: Deepak Parekh
Parekh says drafting new I-T law is hindered by the lack of experience
 "Lack of clarity in I-T law a concern: Deepak Parekh")
Suryoday rasing Rs 100 crore through rights issue
For savings account deposits up to Rs 1 lakh, the rate of interest would be 6.25%
 "Suryoday rasing Rs 100 crore through rights issue")
India Post Payments Bank readies for competition
IPPB will spend Rs 800 crore on building a pan-India network
 "India Post Payments Bank readies for competition")
SBI to make global training institute operational in some months
The lender aims to attract bankers from emerging economies and neighboring countries as trainers
 "SBI to make global training institute operational in some months")
India Post Payments Bank kicks off pilot services
The bank will offer an interest rate of 4.5 per cent on deposits up to Rs 25,000
 "India Post Payments Bank kicks off pilot services")
Mobile wallets may soon have to insure customers' cash
Govt decided cyber labs be notified soon to help make IT-based evidence admissible in courts
 "Mobile wallets may soon have to insure customers' cash")
Janalakshmi Fin's equity infusion pegged at Rs 4,400 cr in 5 yrs
Bengaluru-based JFSL has a strong capital base, after an equity infusion of Rs 1,000 crore in 2016
 "Janalakshmi Fin's equity infusion pegged at Rs 4,400 cr in 5 yrs")
DCB Bank to raise up to Rs 400 cr in H2 of next financial year
Natrajan said the bank had raised Rs 150 crore in tier-II bonds in November 2016
 "DCB Bank to raise up to Rs 400 cr in H2 of next financial year")
Small finance banks compete for term deposits amid falling interest rates
This comes at a time when banks are flush with funds after note ban and are cutting deposit rates
India Post gets payments bank licence to start services
After Bharti Airtel and Paytm, India Post Payments Bank third entity to receive payments bank permit
 "India Post gets payments bank licence to start services")
RBI extends tenure of 4 types of bonds
Consensus estimate of market is that govt would redeem about Rs 1.75 lakh cr of bonds in the next FY
 "RBI extends tenure of 4 types of bonds")