Page 963 - Finance News

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

Commonwealth Bank of Australia shuts India ops

RBI to explore interest-free banking

To release draft guidelines on wholesale banks, differentiated banks in September

RBI balance sheet up 12.3% at Rs 32.43 lakh cr in 2015-16

During the corresponding period ended the past year, its balance sheet was at Rs 28,89,152 cr

RBI steps up focus on cyber security of banks

A panel for IT Examination and Cyber Security initiatives of banks has been set up; IT exams were also initiated in two banks

India to grow at 7.6% in FY'17: RBI

It is expected to trend towards 5% target by the last quarter of year, although at current juncture, upside risks are prominent

Bank of Maharashtra announces 500 PO vacancies

Candidates will be appointed as probationary officers after successful completion of one-year PG Diploma in Banking & Finance from Manipal Global Institute or NIIT Institute of Finance, Banking &a

Rate cut possible only if inflation eases: Raghuram Rajan

So far, RBI followed a gentle glide path, aiming at 5% by March 2017 after bringing it below 6% in Jan 2016, Rajan said

State Bank of Travancore urges SEBI, SBI to intervene in it's merger with SBI

SBI Management has announced that close to 7,000 branches of SBI would be shut or relocated with merger

Urjit Patel quits FRBM review panel, no plans for replacement: Sources

The panel is to suggest any changes required in the FRBM Act and recommend India's future fiscal road map

Digital-savvy Canara, HSBC,OBC Life Insurance sees 30% growth

Going forward, insurers will come up with more digital products and also online segment is growing very fast

Banks not fully understanding problems of SMEs: Nirmala Sitharaman

Twitterati drew minister's attention to issue saying it is for industries to manage their funds and banks can only lend

Banks for changes in corporate borrowing pattern

To reassess changes in the borrowing pattern of large companies it announced recently

Oriental Bank of Commerce to raise Rs 1,000 cr via Tier-I bonds

The bank needs capital injections from the govt to support loan growth and capital requirements to meet Basel III norms

Small housing loan biz sees many players

Micro housing finance companies provide loans to people who have little documents to get a bank loan

Bankers voice concern about financing large infra projects

RBI's new framework, related to 'large exposures', proposes to reduce bank exposure to large corporate entities

Unified Payment Interface app downloads cross 10,000

A customer's multiple bank accounts can be added to a single bank's UPI app

Masala bonds to ease capital constraints for banks: Fitch

Fitch estimates a capital shortfall of $90 billion over next several years as basel III regulatory requirements build from the financial year 2017 to 2019

Firms coming into repo market would hit banks' Casa source

In a liquidity-deficit scenario, call money rates can also get influenced by corporates chipping in with their surplus funds