Page 945 - Finance News
Allahabad Bank Q2 net dips 63% to Rs 65 crore
Bank's gross NPA up as much as 139% to Rs 19,095 crore, though there was a marginal improvement over Q1FY17
 "Allahabad Bank Q2 net dips 63% to Rs 65 crore")
RBI allows banks to issue masala bonds
The RBI said, rupee bond route will open an additional avenue to raise funds for banks
 "RBI allows banks to issue masala bonds")
HDFC, ICICI Bank cut home loan rate by 0.15%
Competition heats up in the home loan business, with lenders reducing lending rates
 "HDFC, ICICI Bank cut home loan rate by 0.15%")
HDFC, ICICI Bank cut home loan rate by 0.15%
Home loans up to Rs 75 lakh for women borrowers will now attract an interest of 9.15% and for others it will be 9.20%
 "HDFC, ICICI Bank cut home loan rate by 0.15%")
State Bank, ICICI cut home loan rates, waive off processing fee
SBI's home loan would be available at 9.15 per cent while women borrower will get at 9.10 per cent
RBI OMOs unlikely to cause inflation
The system liquidity was again drying up fast in October but the central bank quickly stepped in to buy bonds from banks
 "RBI OMOs unlikely to cause inflation")
IDBI Bank scouts for stressed asset fund partner
The bank is talking to two entities for an arrangement that goes beyond haircuts and provisioning
 "IDBI Bank scouts for stressed asset fund partner")
PE investment in realty up 22% at Rs 28K crore in Jan-Sept
PE investment in office segment stood at Rs 6,182 crore in the first three quarters of the 2016
 "PE investment in realty up 22% at Rs 28K crore in Jan-Sept")
SBI cuts home loan rate; ICICI offers home overdraft
SBI home loan would be available at 9.15% while women borrower will get at 9.10%
EPFO to now settle death claims in 7 days
Labour min took stock of the action after intervention from PM Modi
 "EPFO to now settle death claims in 7 days")
SBI associates post heavy losses in September quarter
Parent infuse Rs 2,400 crore in SBP to meet CAR norms
 "SBI associates post heavy losses in September quarter")
State Bank of Hyderabad faces blues ahead of merger with SBI
Heavy provisioning forces bank to post its first ever loss since inception in 1941 or since 1956 when it was taken over by RBI
Notification soon on interest to inoperative PF accounts
Officials have identified that about Rs 42,000 crore is now lying in 'inoperative accounts' across the country
 "Notification soon on interest to inoperative PF accounts")
Banks to report frauds of Rs one crore and above to CVC
Based on the reports, the anti-corruption watchdog will recommend whether or not a CBI probe can be ordered
 "Banks to report frauds of Rs one crore and above to CVC")
Ashok Chawla new non-executive chairman of Yes Bank
Chawla takes over after incumbent Radha Singh ended her tenure as the bank's director on Saturday
 "Ashok Chawla new non-executive chairman of Yes Bank")
CRISIL downgrades UCO Bank's tier-II bond rating
The bank's asset quality will continue to remain under pressure over the next few quarters, CRISIL said
 "CRISIL downgrades UCO Bank's tier-II bond rating")
DCB Bank to raise Rs 300 cr via debt securities
Decision was taken by the Capital Raising Committee of the board of the bank at a meeting held on Saturday
 "DCB Bank to raise Rs 300 cr via debt securities")
PNB plans to raise Rs 6,000 cr via bonds
The fund raising is subject to availability of headroom in one or more tranches, Says PNB in a regulatory filing to stock exchanges
 "PNB plans to raise Rs 6,000 cr via bonds")
RBI introduces IRFs on money market instruments
IRFs are also available on dated securities between four years and eight years, and 11-15 years