Page 964 - Finance News
Rajan welcomes Urjit Patel as his successor
Patel, currently a deputy governor at the RBI, will replace Rajan at the helm of the central bank on September 4
 "Rajan welcomes Urjit Patel as his successor")
RBI wants to liberalise while strengthening bond markets: Rajan
RBI has allowed banks to offer credit enhancement to bonds issued by infrastructure projects that need substantial amounts of financing
 "RBI wants to liberalise while strengthening bond markets: Rajan")
Central Bank of India staffs to take out procession against wilful loan defaulters
They are demanding stringent action against wilful loan defaulters by booking criminal cases against them
 "Central Bank of India staffs to take out procession against wilful loan defaulters")
UPI: 5-step process to get you started
Developed by the NPCI, UPI is considered to be a game changer owing to its simplicity
 "UPI: 5-step process to get you started")
UPI goes live with 21 banks
SBI to log on a month later
 "UPI goes live with 21 banks")
RBI opens up bond market
Banks can raise masala bonds and long-term debt from companies
 "RBI opens up bond market")
Large corporate loans to cost more from FY18
Banks have to maintain additional provisions and high capital for such exposures
 "Large corporate loans to cost more from FY18")
 "RBI permits banks to hire ex-officials for internal audit")
RBI: SBI, ICICI continue to be systemically important banks
In the case of SBI, the additional common equity works out to be 0.6% of risk weighted assets
 "RBI: SBI, ICICI continue to be systemically important banks")
SBI, PNB on a drive to auction properties
Country's largest lender to sell 1,000 properties
 "SBI, PNB on a drive to auction properties")
Under Urjit Patel expect less chat and unified communication in RBI
Market players and economists who have met him expect Patel to instil same arm's length approach and unified communication to institution as a whole
 "Under Urjit Patel expect less chat and unified communication in RBI")
RBI allows banks to raise Masala bonds, opens up currency market
The central bank authorises the platform for repo in corporate bonds and encourage credit supply for large borrowers through market mechanism
 "RBI allows banks to raise Masala bonds, opens up currency market")
Yes Bank apppoints Amit Sanan head Mid Corp Banking
Besides a strong focus on granular transaction banking, cross sell and various digital banking solutions, Amit would also drive business development
 "Yes Bank apppoints Amit Sanan head Mid Corp Banking")
IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr
Ratings agency ICRA flags risks on public sector banks debt servicing capacity
 "IDBI Bank opts for AT-1 bonds to raise Rs 1,500 cr")
Patel to maintain Rajan's anti-inflationary stance: Goldman Sachs
It says that Patel's appointment as the next RBI Governor will lead to policy continuity
 "Patel to maintain Rajan's anti-inflationary stance: Goldman Sachs")
Unified Payments Interface to go live for 21 bank customers
According to NPCI, UPI application of 19 banks can be downloaded from Google Play Store in next 2-3 working days
 "Unified Payments Interface to go live for 21 bank customers")
FCNR redemptions: Time to gear up for increased market volatility
Historically, it is seen that a volatile currency market is contagious and transfers the volatility to equity markets
 "FCNR redemptions: Time to gear up for increased market volatility")
SBI to raise up to Rs 11,100 cr through Tier-I bonds
Four foreign banks in fray for mandate
 "SBI to raise up to Rs 11,100 cr through Tier-I bonds")
Stressed assets in banking system rise to 12% in Q1
Bats for five-year stint for PSB chief executives
 "Stressed assets in banking system rise to 12% in Q1")
A V Rajwade: Challenges before Urjit Patel
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor
