Page 958 - Finance News
Loan up to Rs 70,000 for homeless, mud houses dwellers
This would be over and above the grant of Rs 1.30 lakh per person to be provided by the Centre under the PMAY
 "Loan up to Rs 70,000 for homeless, mud houses dwellers")
'SBI's branch expansion not to be affected by merger': SBI MD
SBI has 17,000 branches and together with its subsidiaries, the tally will come to nearly 23,000 after merger
 "'SBI's branch expansion not to be affected by merger': SBI MD")
IOB gets shareholders approval to raise Rs 1,551 crore
The funding will help it to improve capital adequacy ratio above the regulatory minimum of 9.625%
 "IOB gets shareholders approval to raise Rs 1,551 crore")
Banks' profits down due to provisioning for bad loans: Arun Jaitley
He described the NPAs situation as being not static or permanent
 "Banks' profits down due to provisioning for bad loans: Arun Jaitley")
SBI hopes to achieve 12% SME credit growth
There are about 23,000 branches of SBI and its associate banks
 "SBI hopes to achieve 12% SME credit growth")
US Department of Justice asks to pay $14 billion to settle mortgages case: Deutsche Bank
The bank's US-listed shares fell 8 per cent in after-hours trading
 "US Department of Justice asks to pay $14 billion to settle mortgages case: Deutsche Bank")
Arun Jaitley reviews performance of state-run banks on Friday
It is to see the progress of various financial inclusion schemes, but also to look at the overall health of the banking system
IFC plans to invest $40 million in Ujjivan Financial
Ujjivan is a microfinance lender and it will soon enter into small finance banking
 "IFC plans to invest $40 million in Ujjivan Financial")
 "Banks issue costly bonds to shore up capital")
Rupee swings on devaluation buzz
Currency settles down after finance and commerce ministries deny meeting next week
 "Rupee swings on devaluation buzz")
Adhere to timeline on EMV chip based cards: RBI to banks
These cards enhance security and risk mitigation in card transactions
 "Adhere to timeline on EMV chip based cards: RBI to banks")
RBI to shortly issue Rs 20 notes with Guv Urjit Patel signature
RBI said the Mahatma Gandhi Series-2005 will have the inset letter 'R' on both number panels
 "RBI to shortly issue Rs 20 notes with Guv Urjit Patel signature")
Hero FinCorp raises Rs 1,000 cr to expand credit services
The money was raised from ChrysCapital, Credit Suisse and promoters of Hero Group
 "Hero FinCorp raises Rs 1,000 cr to expand credit services")
YES Bank shares fall nearly 4% amid reports
It deferred its plans to raise $1 billion, citing extreme volatility in trading due to misinterpretation of new QIP guidelines
 "YES Bank shares fall nearly 4% amid reports")
SBI prunes debut AT1 issue to $300 million
5.5% coupon rate to set benchmark for others
 "SBI prunes debut AT1 issue to $300 million")
SBI's dollar bond issue to set price benchmark
Fitch Ratings said a successful cross-border AT1 issue by SBI would be a positive development for India's banking system
 "SBI's dollar bond issue to set price benchmark")
SBI's bond issue to set pricing benchmark for others: Moody's
It said the SBI's issue price would also provide Indian banks with an alternative funding option
 "NPAs in self-help groups fall to 6.4% in FY16")
SBI set to launch foreign AT1 bonds on Wednesday
Indicative coupon is 5.5%
 "SBI set to launch foreign AT1 bonds on Wednesday")
Reliance Capital to list home finance biz; eyes Rs 50k cr loan book
All shareholders of Reliance Capital will receive one free share of Reliance Home Finance for every one share held in Reliance Capital
 "Reliance Capital to list home finance biz; eyes Rs 50k cr loan book")