Page 943 - Finance News

Banks loans rose 9.1% in 2 weeks to Oct 28: RBI

While deposits rose 9.8%, according to Reserve Bank of India's weekly statistical supplement

IOB Q2 net loss widens to Rs 765 cr

Gross NPA grew to 21.77% compared to 11% during same quarter of last financial year

Banks have enough cash for exchange of demonetised notes: RBI

It said after ATMs are functional, people will be able to withdraw up to Rs 2,000 per card per day up to Nov 18

Cashless and worried, millions spend hours outside banks for new currency

Banks still haven't got the new set of Rs 500 notes as customers were given a mix of Rs 2,000 and Rs 100 notes

Bank of India Q2 profit rides on Dai-ichi Life stake sale

Public sector lender reported a net profit of Rs 126.84 crore in the second quarter ended September 30

RBI overhauls debt restructuring schemes

It has given lenders additional time up to 180 days for hammering out a restructuring package under the scheme

Assets of high net worth individuals in India to touch $2.3 trillion in 4 years

The report defines HNWI as people with a net investable wealth of $1 mn or more, excluding the property that is their main residence

RBI tweaks rules for reverse repo operations

Bank also said it would allow participants to reflect the market value of collateral securities when utilising the central bank's repo and reverse repo operations

Fullerton India eyes 35% growth in housing finance business

It formed a separate company for housing finance operations and built a loan portfolio of Rs 150 crore so far

NEFT, cheque-clearing operations open on Sat, Sun: RBI

FM Arun Jaitley has assured small depositors that the I-T department will not hound them for depositing Rs 500 and Rs 1,000 notes

Bank of India swings back into profit in Q2 at Rs 127 cr

The profit after four quarters is aided by sale of its 18% stake in Star Union Dai-ichi Life Insurance to LIC

PNB to calibrate 10,000 ATMs by month end to disburse new notes

Officials said that the bank will open its branches for extended hours to meet the rush for exchange of notes

City Union Bank's pilot robot to be deployed first in Chennai

The bank plans to deploy around 25 robots in its branches by end of this year

Govt tightens vigil on donation to temples, FDs in co-op banks to contain black money

There has been a surge in donations to temples immediately after the announcement, says govt official

Demonetisation effect: Lenders will rejoice as home loan size will increase

HFCs and banks expect a drop in demand for housing loans in the short-term

Banks to hire retired officials, extend working hours to stack up new currency notes in ATMs, branches

Branches to remain open on Saturday and Sunday

Long queues outside: Banks to remain open till 9 pm for 3 days, no ATM charges till 31 Dec

Bankers have also been advised not to take additional leaves for the next one month

Demonetisation: The big gainers from Modi's diktat

Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim

Transactions hit, MFIs ask RBI for grace period

RBI is being requested of the grace period so that the daily operations of MFIs can be sustained

Rupee recovers sharply after Donald Trump win

Even as the volume in the currencies market was less, the dealing rooms of banks were buzzing with activity