Page 962 - Finance News

Reserve Bank widens market for sale of stressed assets

Allows banks, NBFCs and other financial institutions to buy such assets

Free credit report for all, says RBI

The RBI said electronic report should be provided upon request and after due verification about the authenticity of the customer

JLF regime's working not satisfactory, Anjuly Chib Duggal tells banks

The Department of Financial Services secretary added that unless bad loans were resolved, businesses were not going to be competitive

Urjit Patel could herald climate change-financial world links

Central bank governors proclaim that climate change is the darkest impending risk, comparable to terrorism

Banks eye Postal department's payments bank branches to reach rural India

Foreign banks like Citibank, Barclays and Deutsche Bank want to use postal infrastructure to take their services to the common man

HDFC to raise up to Rs 1,000 cr via rupee denominated bonds

Shares of HDFC were trading at Rs 1,414.05 apiece, up 0.56 per cent from its previous close on BSE

RBI likely to agree on nodal agency

Final guidelines expected soon; P2P players may also get access to credit bureau data

NPCI launches Bharat Bill Payment System pilot project

BBPS is the Reserve Bank mandated system which will provide interoperable bill payment services to customers

HDFC to raise upto Rs 500 crore via rupee denominated bonds

The bonds will be listed on the London Stock Exchange and pricing and the tenure of the bonds will be intimated in due course

Singapore bank lending rises in July

Lending to the general commerce sector rose to S$59.7 billion from June's S$56.4 billion

RBL Bank shares list at Rs 274.2, a 22% premium to listing price

The listing price is a 22 % premium to issue price of Rs 225 a share

CPPIB gets RBI nod to hike stake in Kotak Mahindra Bank

Has received apex bank approval to increase stake beyond 5% to 10% in Kotak Mahindra Bank

IDBI Bank raises Rs 1,500 cr via tier I bonds

Sets coupon at 11.06% in its first AT1 bond issuance, to enhance capital adequacy

Catholic Syrian Bank plans to raise capital through preferential issue

Kerala-based private bank to allot preferential shares to 7 investors which includes Reliance Capital, Bennet, Coleman & others

Banks should increase provision coverage ratio, says RBI Deputy Governor

RBI believes that businesses can get into financial difficulties and genuine business needs should be supported

RBI, government exploring introduction of interest-free banking

Islamic or Sharia banking is a finance system based on the principles of not charging interest, which is prohibited under Islam

Need to provide more capital to PSBs to deal with NPAs: RBI

Finance Minister Arun Jaitley has also promised to provide more capital to public sector banks if they require

Canara Bank launches UPI mobile app

It is available for download from Google play store, and was launched at the Board of Directors' conclave

RBL Bank to make stock market debut on Wednesday

Banks has recently become first private bank to closed its IPO

Inflation leaves no room for rate cuts, says Rajan

India's growth is below potential: Reserve Bank of India's annual report