Page 944 - Finance News

Rs 500, Rs 1000 notes banned: Banks will have to slog hard to replace currency

Banks will remain closed on Wednesday in order to withdraw the existing notes from counters and ATMs

RBI may have to change policy course

RBI has bought bonds worth Rs 2.1 lakh crore in the past 12 months

$48 million ADB loan to boost Assam power sector

The loan will help Assam enhance capacity and efficiency of its power distribution system and improve electricity service to end users

CRISIL cuts rating for J&K Bank deposits on asset quality concerns

Rating agency CRISIL has downgraded ratings for the Jammu and Kashmir Bank's fixed deposits from 'AA' from 'AA-'

SBI plans to raise Rs 5,000 cr via long-term bonds

The bonds will be issued in domestic and overseas markets to finance infrastructure and affordable housing

ICICI Bank Q2 net up 2.37% at Rs 3,102 crore

Stock up 3%; asset quality of Rs 32,500-cr loans on watch list

United Bank of India Q2 net profit falls 30% to Rs 43 crore

The bank posted a net profit of around Rs 43.53 crore in Q2 of FY17, against Rs 61.86 crore in same period last year

Standard Chartered chairman Sir John Peace favours internationalisation of rupee

His comments came at a time when masala bond has come up as an instruments to attract international investment

PNB stock up 6% post Q2 results, strong listing by subsidiary

Stock jumped 5.7% to Rs 139.20 on BSE

United Bank reports fall of 30% in net profit over bad loans

United Bank of India has reported a fall of 29.6% in net profit to Rs 43.53 crore for the September quarter

UCO Bank to raise Rs 270 cr by issuing preferential shares to LIC

UCO Bank stock jumped 2.6% at Rs 33.60 a piece on BSE

Consumer forum fines Barclays bank over unfair trade practices

Consumer forum directed Barclays Bank to pay Rs 5,000 as compensation to a customer

Some relief for home buyers as more rate wars are in the offing

Existing borrowers should shift their loans only if rates are more attractive

Centre declines to share details on Urjit Patels appointment

Urjit Patel was on August 20 named as RBI's governor to succeed Raghuram Rajan

Cheque deposit machines coming soon at Ayakar Seva Kendras

The tax department will roll out several such initiatives, including expeditious refund in case the mismatch in TDS filing

Cap on withdrawals from ATMs policy decision in public interest: RBI tells Delhi HC

RBI informed Delhi HC that ATM facility was made available with a view to reduce cash usage and increase electronic transactions

Parliamentary panel headed by Veerappa Moily to look into debit card data breach

Reserve Bank of India also initiated forensic audit to investigate the entire matter

NBFCs' borrowings from banks up over 20 times in one year

Net borrowing in these NBFCs rose to Rs 74,000 crore from a mere Rs 3,600 crore in the previous 12 months

Bank of Baroda cuts MCLR rate by 10 bps

For five years tenor, the new rate will be 9.45 per cent (9.55 per cent earlier); for three years and one year tenors it will be 9.25 per cent each

PNB looks for ABG Cement-like deals in Q3

These companies are non-performing accounts (NPA) for the bank