Page 961 - Finance News

Microfinance industry sees 29% rise in loan disbursements in Q1

MFIN report also said that the industry has experienced a growth of 89 per cent since first quarter of the FY 2015-16

Central bank seeks to dispel rumours about KYC guidelines

Banks need to reconfirm KYC details only in every 2, 8 or 10 years depending on the risk profile

SBT-SBI merger will affect services, employment: V S Achuthanandan

He said SBT had played a pioneering role in the state's development in every sphere of productive activity

The 8 key challenges that await new RBI Governor Urjit Patel

The first will be to oversee the FCNR (B) redemptions without roiling liquidity and currency markets

India's peculiarity: Low bond yields, high lending rates

SBI and other large banks' minimum lending rate remains steady at 9.30 per cent since September last year

RBI notifies Urjit Patel's appointment as RBI governor

Patel, who served as the deputy governor since January 2013, took over from Raghuram Rajan, effective September 4

SIT on black money asks RBI to share info

Rising concern over gaps in monitoring of trade payments

Arundhati Bhattacharya hopes to kick off SBI's mega merger by Oct-end

She expressed the hope that the bank will be able to finish the merger process by end of the current financial year if everything goes smoothly

Corporate debt trading up 12 per cent in April-August 2016

Figure stood at nearly Rs 5 lakh crore in the first five months of 2013-14, while it was Rs 3.90 lakh crore in the corresponding period of 2014-15

Next round of capital infusion in public sector banks post Q3 results

Government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks

Allahabad Bank to raise Rs 500 crore by issuing equity shares

Bank said, allotment of equity shares to QIBs will be completed within 12 months from the date of the passage of the resolution

RBI will have different priorities after Raghuram Rajan: Deutsche Bank

It said the Indian economy has been afflicted by a multitude of global shocks in recent years

Raghuram Rajan argues for RBI autonomy in last public speech as RBI governor

At the same time, he added, the central bank has to work under a framework set by the government

Raghuram Rajan, the common man's central banker

Beside bringing central banking to India's drawing rooms, Raghuram Rajan also built the RBI's credibility when other global central banks were fighting to preserve theirs

Banks not excited on wider market for stressed assets

Banks want effective turnaround plan for the stressed sectors and companies which is yet to be seen

New 10-year govt bonds issued at 6.97 per cent

Forex reserves dip $392.6 million

Indian banks' loans rose 9.6 per cent y/y in two weeks to Aug 19

Bank deposits fell Rs 330.50 billion to Rs 97.26 trillion in the two weeks

DCB Bank launches mobile payment service for retail outlets

mVisa is a card less mobile payment solution that offers customers the convenience of doing digital payments at retail outlets

Urjit Patel to instituionalise policy changes at RBI: Fitch

Low inflation will positively impact India's credit rating by improving investment climate, the global agency said