Page 977 - Finance News
Launch of Unified Payment Interface deferred
23 out of 29 banks are expected to be ready with the new payments platform, which was to be launched today
 "Launch of Unified Payment Interface deferred")
PNB cuts MCLR rate by 5 basis points
MCLR is the new benchmark lending rate which has replaced the base rate for new borrowers
 "PNB cuts MCLR rate by 5 basis points")
PNB cuts MCLR rates by 0.05% in various tenors from Aug 1
MCLR is the new benchmark lending rate which has replaced the base rate for new borrowers
Bank of India to allot preference shares to govt for Rs 1,338 crore
The public lender will seek shareholder approval for the same at its extraordinary general meeting to be held on Aug 30
 "Bank of India to allot preference shares to govt for Rs 1,338 crore")
No losses of job, salary in SBI merger: Arundhati Bhattacharya
Says, process of the merger of five associate banks and Bhartiya Mahila Bank with the SBI should be over by next March
 "No losses of job, salary in SBI merger: Arundhati Bhattacharya")
Deutsche Bank scrapes through European banks stress test
The lender scraped past the level of 7.5% that analysts had seen as a threshold
 "Deutsche Bank scrapes through European banks stress test")
ICICI Bank net falls 25%, asset quality worries continue
The profit was almost in line with Bloomberg estimates of Rs 2,207 crore
 "ICICI Bank net falls 25%, asset quality worries continue")
 "Govt-run banks' strike a success, say Unions")
 "DHFL brings India's first CPI bond")
SBI, associates merger by March 2017: Chairman
Says RBI expected to keep rate unchanged next month
 "SBI, associates merger by March 2017: Chairman")
Capital infusion of Rs 7,575 cr to boost loan growth: SBI
Bhattacharya said the capital infusion would further strengthen capital adequacy ratio by 0.5%
PNB to sell its realty assets in central Delhi
Takes over five-star property in Bengaluru to recover dues
 "PNB to sell its realty assets in central Delhi")
People will shift from bank deposits to other instruments: FM
The Bank, he said, can play a role in helping large section of retired persons who were trying to live a respectable life on the strength of their savings
 "People will shift from bank deposits to other instruments: FM")
Banks prone to cyber attacks, says RBI Deputy Governor
Gandhi said there is a need for banks to timely detect such incidences, adding a robust crisis management plan is pertinent
 "Banks prone to cyber attacks, says RBI Deputy Governor")
DBS bullish on India, plans 70 branches if given license
DBS Group chief executive officer said If given license, the bank can do well with SMEs and transaction banking
 "DBS bullish on India, plans 70 branches if given license")
Nationwide bank strike success, claims AIBEA
Around Rs 20,000 cr worth of 26 lakh instruments stagnated in the banks without clearance today
 "Nationwide bank strike success, claims AIBEA")
PSBs strike may affect transactions worth Rs 15,000 cr: Assocham
Services at around 80,000 branches in the country were hit on Friday
Nation-wide bank strike hits daily operations
Cheque clearances, cash deposits get affected as 10 lakh employees are striking against Centre's policies for the sector
 "Nation-wide bank strike hits daily operations")
Stressed asset business ready to take off
Burgeoning bad debt burden and their humongous provisioning requirement is putting capital-starved banks in serious jeopardy, with no resolution in sight
 "Stressed asset business ready to take off")
PSU bank strike on Friday might affect services
Unions, which are protesting against FDI in the banking sector, are pressing for various demands
 "PSU bank strike on Friday might affect services")