Page 935 - Finance News

SBI chooses Ganapati makers' village for hi-tech payments pilot

The plan is to make 100 villages rely less on cash before the system is introduced in urban areas,

Two Kotak Mahindra Bank customers arrested

The bank on its own filed a report with FIU for the investigations

HDFC Bank customers get wrong a/c balance info due to glitch

The bank later rectified the error and asked the customers to ignore the previous message

Monetary Policy Committee agreed on no rate cut

The repo rate, the rate at which banks borrow from the RBI, stayed at 6.25%

Bank loans grow by over Rs 73,000 cr in fortnight ending Dec 9

Much of money in the form of old notes has flowed into deposits in first 30 days

RBI slaps fine on 5 foreign banks for violating FEMA rules

Deutsche Bank has been imposed fine of Rs 20,000, while others have been fined Rs 10,000 each

Harsh Roongta: Banks and fake currency

Customers don't want to face police investigation and banks would rather avoid extra paperwork

Treasury gains may help banks offset Q3 pressure

Lower yields should translate into good treasury income lending support to profitability

Lakshmi Vilas Bank to go for revamp, boost lending vertical

Steps up focus on retail and technology

Think out-of-box: Arun Jaitley asks banks which seeks higher capital

As PSBs sought higher capital support from the govt & tax incentives for senior citizens parking money in fixed deposits

Axis Bank assures govt of action against errant officials

Earlier this week, ED arrested two Axis Bank managers here and seized 3 kg gold bars

Standard Chartered PE invests $50 million in IFMR Capital

The fresh round will help firm boost its business in affordable housing finance, vehicle finance, agriculture finance and microfinance

Post-demonetisation, Indian Bank mobilised Rs 29,115 crore deposits

These were done by around 20,000 employees serving in 2,581 branches

Axis Bank: Sentiment will take a while to improve

Street doesn't attribute much to reports of fraud in a few accounts but the air of uncertainty could weigh on its stock

Embarrassed, upset over handful of employees: Axis Bank's Shikha Sharma

The Income Tax Department had last week conducted a raid at an Axis Bank branch in Noida

Govt sanctions MIS for arecanut growers in Karnataka

Industry want to extend the timeline and want the scheme to Kerala farmers also

Make Banks Board Bureau or RBI selector of bank auditors: ICAI to govt

Currently, banks appoint their own central audit teams

India final frontier for investment, says SoftBank official

SoftBank is confident of surpassing its stated $10 billion investment commitment in India

Bank of Maharashtra raises Rs 500 cr via Basel-III bonds

Basel III compliant bonds are issued by banks to raise money to improve and strengthen capital planning to mitigate concerns on potential stresses

Andhra Bank pledges Rs 1,300-cr loan for Telangana irrigation project

A consortium led by Andhra Bank has estimated the project cost in phase one at Rs 7,400 crore