Page 934 - Finance News
Normalising banking services priority: PM Modi
Efforts are on to normalise banking service in the New year as soon as possible, says Modi
 "Normalising banking services priority: PM Modi")
Demonetisation woes: Spectre of default, credit pain may tail banks in 2017
The banking sector came almost to a standstill for nearly two months
 "Demonetisation woes: Spectre of default, credit pain may tail banks in 2017")
RBI's stress test shows further worsening of bank's asset quality
The quantum of bad loans may cross the 10% mark at the system level in the next financial year
 "RBI's stress test shows further worsening of bank's asset quality")
Enhance working capital limit for MSMEs: RBI to banks
The contribution of MSME sector, including service segment, to the country's GDP is around 40%
 "Enhance working capital limit for MSMEs: RBI to banks")
I will give my best, says RBI's Deputy Governor Viral Acharya
The existing three Deputy Governors are S S Mundra, N S Vishwanathan and R Gandhi
 "I will give my best, says RBI's Deputy Governor Viral Acharya")
Raising funds getting tough: Paytm CEO
Vijay Shekhar Sharma participated in a Reddit AMA earlier today
 "Raising funds getting tough: Paytm CEO")
FRBM panel seeks RBI views on fiscal consolidation path
The FRBM Panel is likely to submit report by January 13
 "FRBM panel seeks RBI views on fiscal consolidation path")
Viral Acharya wanted Indira Gandhi's masterstroke reversed
In a 2015 paper, advocated repealing Banks Nationalisation Act, privatising and shutting some PSBs
Demonetisation: RBI relaxes loan repayment norms
This relief applies to dues payable between November 1 and December 31
Viral Acharya appointed deputy governor of RBI
RBI had a vacancy for deputy governor after Urjit Patel was promoted to Governor earlier this year
 "Viral Acharya appointed deputy governor of RBI")
RBI must upgrade RTGS, NEFT to operate 24x7: Digital payments report
Consider outsourcing the function of operation of payment systems like RTGS, NEFT: Report suggests
Banking funds top sector performer
One-year return of 8.7%, even after shedding 5% in past month; outperform general benchmarks
 "Banking funds top sector performer")
HDFC Bank uses chatbots to foray into commerce on social media
The chatbots can help you with transactions such as recharge, bill payment or booking a cab
 "HDFC Bank uses chatbots to foray into commerce on social media")
ICICI Bank launches mobile app Eazypay for instant cashless payments
Currently, it is available on smartphones with Android operating systems, for iOS it'll be launched
 "ICICI Bank launches mobile app Eazypay for instant cashless payments")
SBI banks on Microsoft 'white space' for rural push
Since July last year, Microsoft has been testing 'white space' in Srikakulam in Andhra Pradesh
 "SBI banks on Microsoft 'white space' for rural push")
Private equity exits cross $10 billion in 2016: Bain & Co
This, even as PE investments fell 30% to $16 bn in 2016 till date; healthcare, mfg lead exit brigade
 "Private equity exits cross $10 billion in 2016: Bain & Co")
Retailers can now fight note ban pinch with IDFC Bank's Aadhaar Pay
Merchants can use a retailers' smartphone to enable digital payments
 "Retailers can now fight note ban pinch with IDFC Bank's Aadhaar Pay")
Demonetisation impact on banks: Asset quality risks will show only in Q4
The loss of income has severely dented the loan repayment ability of small borrowers
 "Demonetisation impact on banks: Asset quality risks will show only in Q4")
Online lending firms see higher loan growth on card transactions
Lending cos such as Capital Float and LendingKart are seeing growth from small firms
 "Online lending firms see higher loan growth on card transactions")
200,000 farmers have mobile banking account now: Cooperative Banks body
Institutes have been organising farmers training camps across the country on cashless transaction
 "200,000 farmers have mobile banking account now: Cooperative Banks body")