Page 931 - Finance News
Job alert: RBI hiring cyber security experts, applications close on Feb 7
This is the first time a mass hiring drive is being initiated.
 "Job alert: RBI hiring cyber security experts, applications close on Feb 7")
In first address, Patel asks staff to guard RBI reputation
A few senior RBI employees were held for money laundering and illegal exchange of banned notes
 "In first address, Patel asks staff to guard RBI reputation")
Domestic demand, exports to help Indian companies: S&P global Ratings
The key risk to revenue growth for the current fiscal is a short-term fall in demand
 "Domestic demand, exports to help Indian companies: S&P global Ratings")
Budget 2017 wishlist: Five expectations from infrastructure sector
Finance Minister Arun Jaitley might announce a third straight year of record capital spending
 "Budget 2017 wishlist: Five expectations from infrastructure sector")
RBI Guv to brief par panel on demonetisation on Wednesday
Meeting will discuss the demonetisation of Indian currency notes and its impact
 "RBI Guv to brief par panel on demonetisation on Wednesday")
SBI hits overseas debt market with $500-mn 5-year bond sale
SBI last raised overseas debt by issuing $300 million last September, $1.25 billion in Feb, 2014
 "SBI hits overseas debt market with $500-mn 5-year bond sale")
Banks raise Rs 25,000 crore via AT-1 bonds in Apr-Dec 2016
ICRA said the capital requirement for PSBs in 2016-17 is pegged at Rs 45,000-50,000 crore
 "Banks raise Rs 25,000 crore via AT-1 bonds in Apr-Dec 2016")
Many PSU banks may skip dividend payout this fiscal
It is expected that the revenue from public sector banks is likely to be less than Rs 1,000 cr
 "Many PSU banks may skip dividend payout this fiscal")
Muthoot Finance to raise up to Rs 1,400 cr via NCDs
Muthoot Finance said it will utilise the funds raised through this issue to lending activities
 "Muthoot Finance to raise up to Rs 1,400 cr via NCDs")
HDFC ERGO raises Rs 350 cr via NCDs
The NCDs were issued in November with a coupon rate of 7.6%
 "HDFC ERGO raises Rs 350 cr via NCDs")
ICICI Bank blocks transactions through Flipkart wallet PhonePe
These moves are seen as banks getting nervous of being disrupted by new-age digital payments players
 "ICICI Bank blocks transactions through Flipkart wallet PhonePe")
Finance Ministry finalising fund infusion for PSBs; to exceed Rs 25k cr
In line with the blueprint, PSBs are to get Rs 25,000 crore in each fiscal
 "Finance Ministry finalising fund infusion for PSBs; to exceed Rs 25k cr")
Interest rate over 7% unsustainable: Fino Paytech
Fino was one among the 11 entities given in-principle nod to start payments bank by RBI in Aug 2015
 "Interest rate over 7% unsustainable: Fino Paytech")
RBI employees urge governor to protect autonomy
RBI and PM Modi has been criticised for the implementation of demonetisation
IFCI cuts benchmark lending rate by 75 basis points
The new rate would be effective from January 15
 "IFCI cuts benchmark lending rate by 75 basis points")
DCB Bank Q3 net up 25% to Rs 51 crore
The city-based lender had reported a post tax profit of Rs 41 crore in the year-ago period
 "DCB Bank Q3 net up 25% to Rs 51 crore")
Axis Bank cuts rate by up to 70 bps
The new rates are effective from January 18
 "Axis Bank cuts rate by up to 70 bps")
SBI in pact with Oman's SGRF, to invest $50 mn in Oman-India fund
SGRF to infuse $150 mn; OIJIF Fund II is targeting a corpus of $300 million by 2017-end
 "SBI in pact with Oman's SGRF, to invest $50 mn in Oman-India fund")
Airtel payments bank offers highest savings deposit rate
7.25% for savings accounts; plan is to have 600,000 banking points by year-end
 "Airtel payments bank offers highest savings deposit rate")
BoB declares 200 borrowers as wilful defaulters
List is for the period up to September 2016
 "BoB declares 200 borrowers as wilful defaulters")