Page 930 - Finance News
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
 "Bank employees to go on strike on February 7")
SBI raises Rs 5,681 cr by issuing preference shares to govt
Shares were issued at a price of Rs 269.59 per unit of face value of Re 1 each
 "SBI raises Rs 5,681 cr by issuing preference shares to govt")
Bank employees to hold all India strike on February 7
They allege that the cash crunch is continuing and most of the ATMs are still non-functional
 "Bank employees to hold all India strike on February 7")
Banks' loans rose 5.1% in two weeks to Jan 6: RBI
Deposits rose 14.7%, as showed by Reserve Bank of India's weekly statistical supplement
 "Banks' loans rose 5.1% in two weeks to Jan 6: RBI")
SBBJ Q3 net profit nosedives 72% to Rs 57.8 cr
The asset quality of the bank slipped further with gross NPAs rising to 11.19% of gross advances
 "SBBJ Q3 net profit nosedives 72% to Rs 57.8 cr")
Canara Bank Q3 profit up 3-fold at Rs 322 crore
The Bangalore-based state lender had a net profit of Rs 84.9 crore for the Oct-Dec quarter of FY16
 "Canara Bank Q3 profit up 3-fold at Rs 322 crore")
Avendus takes big leap with KKR backing
Aims fivefold growth in revenue to Rs 1,400 crore in 5 years
 "Avendus takes big leap with KKR backing")
Axis Bank Q3 net profit plunges 73% to Rs 580 cr
The bank's gross NPAs rose to 5.22% of gross advances as against 1.68% in same period a year ago
 "Axis Bank Q3 net profit plunges 73% to Rs 580 cr")
ICICI Bank spars with NPCI over Flipkart's PhonePe: All you should know
Flipkart's PhonePe app asks the user to open a UPI handle on the app
 "ICICI Bank spars with NPCI over Flipkart's PhonePe: All you should know")
Axis Bank Q3 net plunges 73% to Rs 580 cr
Axis Bank's loan portfolio quality deteriorated, with gross NPAs rising to 5.22% of gross advances
 "Axis Bank Q3 net plunges 73% to Rs 580 cr")
HDFC cuts home loan rates for existing borrowers by 15 basis points
Rates for new loans were cut earlier this month
 "HDFC cuts home loan rates for existing borrowers by 15 basis points")
15-20% consumption expenditure will become digital in 1 year: Nilekani
Nilekani launched uPOS, a solution where merchants can accept payment using UPI, from Federal Bank
 "15-20% consumption expenditure will become digital in 1 year: Nilekani")
RBI imposes Rs 75 lakh penalty on Bombay Mercantile Co-op Bank
Monetary penalty has been imposed for violations of Know Your Customer or Anti-Money Laundering
 "RBI imposes Rs 75 lakh penalty on Bombay Mercantile Co-op Bank")
ICICI Bank asked to open up to PhonePe by NPCI
ICICI Bank had earlier cited concerns surrounding security for blocking transactions on PhonePe
 "ICICI Bank asked to open up to PhonePe by NPCI")
DB Corp net profit rises 6.64% to Rs 118 crore in Q3 of 2016
The company had posted a net profit of Rs 110.74 crore in the Oct-Dec period of 2015-16
 "DB Corp net profit rises 6.64% to Rs 118 crore in Q3 of 2016")
Federal Bank's net rises 26% to Rs 206 cr in Oct-Dec qtr
Bank has registered a net profit of Rs 162.72 crore in the year-ago period
 "Federal Bank's net rises 26% to Rs 206 cr in Oct-Dec qtr")
HDFC Bank to train 25,000 people in cashless transactions
'Digital Literacy Camps' will be organised at 275 different places in Madhya Pradesh
 "HDFC Bank to train 25,000 people in cashless transactions")
Yes Bank profit rises 31% to Rs 882.6 crore in Q3 of 2016
The private sector lender had reported a net profit of Rs 675.74 crore in 2015-16
 "Yes Bank profit rises 31% to Rs 882.6 crore in Q3 of 2016")
Job alert: RBI hiring cyber security experts, applications close on Feb 7
This is the first time a mass hiring drive is being initiated.