Page 960 - Finance News
Chhattisgarh on priority in Magma Fincorp's expansion plan
The Kolkata-based company is targeting 20% growth in the central state of India in FY17
 "Chhattisgarh on priority in Magma Fincorp's expansion plan")
Dena Bank deploys women officers for loan recovery
Decision was taken after receiving complaints of alleged rough behaviour by some of the bank field staff assigned for recovery of loans
 "Dena Bank deploys women officers for loan recovery")
YES Bank defers $1 bn QIP
Lot of investors withdrew their applications after the bank's stock fell below the QIP price
 "YES Bank defers $1 bn QIP")
Robots to perform a fifth of internal jobs at ICICI Bank
Other private banks also planning to employ bots soon
 "Robots to perform a fifth of internal jobs at ICICI Bank")
PSBs using AT1 bonds to shore up capital base
State-owned banks with weak profile take up costly long-term interest commitment
 "PSBs using AT1 bonds to shore up capital base")
ICICI Bank deploys 'software robots' to perform banking operations
Plans to more than double the software robots to over 500 by end of this fiscal
RBI Governor Urjit Patel calls on Arun Jaitley
Govt has to appoint its 3 nominees on the 6 member MPC which will determine interest rate in view of inflation
 "RBI Governor Urjit Patel calls on Arun Jaitley")
YES Bank launches $1 bn QIP
Price band for the shares, to be placed with institutional investors, is Rs 1,350-1,410 each
 "YES Bank launches $1 bn QIP")
IDFC Bank for acquisitions & fintech tie-ups to grow retail book
Bank will not focus on niche platforms focused on high-end customers, but on those that bring to it mass and mass-affluent customers
 "IDFC Bank for acquisitions & fintech tie-ups to grow retail book")
12 merchant banks apply to manage SUUTI stake sale
According to sources, department of investment and public asset management will select up to six banks for managing the sale
 "12 merchant banks apply to manage SUUTI stake sale")
Delinquencies of personal loans lower than those of home loans, says Equifax
Delinquencies in personal loans stood at 0.79% and in home loans it was at 0.46%
 "Delinquencies of personal loans lower than those of home loans, says Equifax")
 "ICICI bank and Union bank benefit from construction sector package")
SBI gets Rs 2k-cr capital via additional Tier-1 bonds
The Basel-III-compliant debt instrument would have a coupon (interest rate) of nine per cent payable annually
 "SBI gets Rs 2k-cr capital via additional Tier-1 bonds")
Credit rating of cities takes off
Pune, Ahmedabad readying municipal bonds
 "Credit rating of cities takes off")
Govt eases rules for SUUTI
However, the bankers will not be considered for managing the sale in these three companies
 "Govt eases rules for SUUTI")
Indiabulls Housing raises Rs 1,300 crore through masala bonds
The unrated issuance was subscribed over two times
 "Indiabulls Housing raises Rs 1,300 crore through masala bonds")
Reliance Capital raises Rs 2,000 cr though debentures
Funds will be utilised for refinancing existing debt and to grow company's lending business
 "Reliance Capital raises Rs 2,000 cr though debentures")
Patel gets down to business on Day One
Upon Patel's elevation, the portfolios of the three deputy governors were rejigged
 "Patel gets down to business on Day One")
Reliance Capital raises ~2,000 cr though debentures
To deploy money for refinancing existing debt
RuPay debit cards to gain from small finance banks
It is set to emerge as the dominant player in debit cards issuance
 "RuPay debit cards to gain from small finance banks")