Page 965 - Finance News
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
RBI seeks media partnership for Banking Ombudsman Scheme
For creating awareness towards their scheme, to resolve customer grievances against deficiency in banking services
 "RBI seeks media partnership for Banking Ombudsman Scheme")
Vacuum at top in IOB
Only one executive director to manage affairs for the bank
 "Vacuum at top in IOB")
Only major firms relishing masala bonds
Investor and not the issuer bears the risk of rupee-denominated bonds
 "Only major firms relishing masala bonds")
Pace of NPA formation slowing down: Mundra
Mundra also said Urjit Patel's appointment as the next governor of RBI will ensure continuity of policy
 "Pace of NPA formation slowing down: Mundra")
YES Bank in credit card segment
The rate of interest will range between 1.2-2.4 per cent per month and they will also give cards to non-bank customers
 "YES Bank in credit card segment")
Fault line in banking sector raises concerns: Pranab
He was speaking at the first year anniversary of Bandhan Bank's operations
 "Fault line in banking sector raises concerns: Pranab")
RBL offering subscribed 70 times
RBL Bank will get around Rs 830 crore from the IPO, which it will use to augment its tier-I capital to help fuel future growth
 "RBL offering subscribed 70 times")
Janmejaya Sinha: An agenda for the new RBI governor
Three things need Patel's attention: cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services
NSE appoints 4 investment banks for its IPO
Citi, JM, Kotak, Morgan Stanley selected as lead bankers
 "NSE appoints 4 investment banks for its IPO")
No retail loan bubble in the making, says SBI chief
Last week, Reserve Bank of India Governor Raghuram Rajan had warned banks against chasing retail consumers for hawking loans
 "No retail loan bubble in the making, says SBI chief")
Govt bets on Patel to balance inflation and growth
RBI governor-designate's experience will ensure he 'rises to the occasion'
 "Govt bets on Patel to balance inflation and growth")
Loan recovery onus on govt too, says BoB chief
He said the govt needs to pay vendors on time for services, ensure the projects perform and improve the legal system by upgrading enforcement processes
 "Loan recovery onus on govt too, says BoB chief")
Lending rates to soften only slowly: Banks
SBI chairperson Arundhati Bhattacharya says banks are not in position to compress margins as they have to provide for credit costs
 "Lending rates to soften only slowly: Banks")
NSE board meets to finalise bankers for its IPO
NSE board had already given its nod to list in India and overseas, it would also file a draft prospectus with market regulator to Sebi by January 2017 for domestic listing
 "NSE board meets to finalise bankers for its IPO")
Bandhan sprints into new role as universal bank
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
 "Bandhan sprints into new role as universal bank")
No bubble in retail loans: SBI chief on Raghuram Rajan remarks
She was speaking in response on whether banks are heading towards a possible bubble in consumer financing segment
 "No bubble in retail loans: SBI chief on Raghuram Rajan remarks")
Urjit Patel competent economist: Arun Jaitley
Jaitley said, 'I believe that he will be able to contain inflation with Monetary Policy Committee to assist him'
 "Urjit Patel competent economist: Arun Jaitley")