Page 929 - Finance News
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")
HDFC Bank to deploy around 20 humanoids in 2 years
Kochi-based Asimov Robotics has developed Ira
 "HDFC Bank to deploy around 20 humanoids in 2 years")
Demonetisation to dent MFI profitability: Report
Collection dived to 75-80% in November-December from 99% after demonetisation
 "Demonetisation to dent MFI profitability: Report")
We've been scratching only the surface in India: Ramaswamy Venkatachalam
Interview with Ramaswamy Venkatachalam, Managing Director, India and South Asia, FIS
 "We've been scratching only the surface in India: Ramaswamy Venkatachalam")
Efficiencies make HDFC Bank staff count drop by 4,581 in Q3
The benefits of staff reduction were visible on cost to income front, with ratio dipping to 43.8%
 "Efficiencies make HDFC Bank staff count drop by 4,581 in Q3")
BoB eyes IL&FS custodian business in Rs 600-cr deal
ISSL custodial clientele includes corporates, institutions, high net worth individuals and NRIs
 "BoB eyes IL&FS custodian business in Rs 600-cr deal")
Kotak Mahindra Bank Q3 net profit up 34% to Rs 1,267 crore
Total income rose to Rs 7,670 cr during the quarter, from Rs 6,950 cr a year ago
 "Kotak Mahindra Bank Q3 net profit up 34% to Rs 1,267 crore")
Indian Bank's Q3 profit up by 672% at Rs 373.48 cr
PoS & e-commerce transactions increased to 2.5 lakh from 70,000 in a day
 "Indian Bank's Q3 profit up by 672% at Rs 373.48 cr")
HDFC Bank Q3 net profit up 15%
Achieved on the back of higher interest income
 "HDFC Bank Q3 net profit up 15%")
Indian Overseas Bank Q3 loss narrows to Rs 554 cr
Gross NPA of the Bank during the third quarter is at Rs 34,502.13 crore
 "Indian Overseas Bank Q3 loss narrows to Rs 554 cr")
RBL Bank: Rewarded for weathering the note ban
RBL Bank scrip rose by about 5% as it continued to rerate on positive December quarter results
 "RBL Bank: Rewarded for weathering the note ban")
Viral Acharya takes charge as RBI deputy governor
He is appointed for a three-year term and will be in charge of monetary policy department
 "Viral Acharya takes charge as RBI deputy governor")
Karnataka Bank Q3 net profit declines 29% to Rs 69 cr
Bank's net profit in corresponding Oct-Dec quarter of 2015-16 stood at Rs 97 crore
 "Karnataka Bank Q3 net profit declines 29% to Rs 69 cr")
SBI calls for raising income tax exemption limits
Forthcoming Union Budget is a time when banks are flush with funds post-demonetisation
 "SBI calls for raising income tax exemption limits")
Central Bank of India to buy back perpetual bonds worth Rs 500 cr
Stock of Central Bank closed 0.48% up at Rs 83.45 on BSE
 "Central Bank of India to buy back perpetual bonds worth Rs 500 cr")
NDB expects its lending to double every year: K V Kamath
Bank would also see its staff strength increased over 3 fold going forward
 "NDB expects its lending to double every year: K V Kamath")
Debt recast plans fail to stem NPAs
Some banks have started counting the exposure of companies under SDR as non-performing assets
 "Debt recast plans fail to stem NPAs")
Cooperative banks barred from accepting deposits under tax amnesty scheme
A move that comes amidst the I-T department uncovering anomalies post demonetisation
 "Cooperative banks barred from accepting deposits under tax amnesty scheme")
NSDL to seek final RBI go-ahead for payments bank
The new payments bank will be a separate entity housed within the 20-year-old securities depository
 "NSDL to seek final RBI go-ahead for payments bank")
Bank employees to go on strike on February 7
Workers will also hold a dharna at Reserve Bank of India offices on Feb 2