Page 981 - Finance News

RBS to close 6 of 10 branches from October 1

RBS branches in Bengaluru, Hyderabad, Pune, Gurgaon, Noida and Vadodara will be closed with effect from October 1

200 more cooperative banks under RuPay card

MUDRA: Rs 1.8 lakh cr to be forked in FY17

Under the Pradhan Mantri Mudra Yojana, loans ranging from Rs 50,000 to Rs 10,00,000 are provided to small entrepreneurs

Small bank hopefuls want norms eased

Small finance bank hopefuls asked N S Vishwanathan, RBI deputy governor, to relax priority lending norms

Tech-savvy generation to drive online payments in emerging markets: PwC report

According to the report, 800 million people will have access to online payment options in India by 2019

RBS tells customers about closure of India operations

The British bank will make alternate arrangements for their banking, wealth management & demat accounts on or before Aug 31

PMO is appointing authority of RBI Governor: Govt

Sources in the Finance Ministry said the government is close to picking a successor of Raghuram Rajan, whose reign will come to end on september 4

Govt releases Rs 23,000 cr to recapitalise 13 PSU banks

SBI gets the biggest chunk of Rs 7,575 cr followed by Rs 3,101 crore for Indian Overseas Bank

Microfinance grows in loan size and urban footprint: EY report

Combined GLP grew 84% to Rs 53,200 crore in FY16 from Rs 28,900 crore in the previous year

Bad loans may jump further to 10.1% by March 2017: MoS Finance

Gangwar said GNPA jumped from 5.43% in 2014-15 to 9.32% in 2015-16

Emerging markets including India to drive innovations in payments: PwC report

Report noted that the need for financial inclusion is driving new technologies and innovations

Goldbond bidders to get 4% interest till funds transfer to RBI

SGB issue price has been fixed at Rs 3,119 per gram. An investor can invest for a minimum unit of one gram and a maximum of 500 grams

Govt to infuse Rs 229.15 billion in public sector banks

In 13 state-run banks in FY17

Payments landscape will see faster changes over next ten years: PwC

Key factors include technology, customer expectations, global demographics, e-commerce and the growing impact of regulation

NBFCs soon to savour masala bonds

RBI has issued a discussion paper proposing new limits for bank's lending to the finance companies

Bandhan Bank reduces microfinance loan rate

Since its launch, the bank has mobilised close to Rs 15,000 crore deposits

ESAF applies for final licence for small finance bank

The microfinance institution (MFI) has presence in 10 states and will start banking operations with the 10 branches

Yes Bank's assessment reflects funding weakness risk; sound asset quality: Moody's

Private sector lender has maintained an adequate loans to customer deposit ratio of 95% at end-March 2016

Motilal former i-bank head charts new path

Starts boutique M&A advisory and fund management business

Rupee needs to remain strong to fight import-led inflation, say experts

The concept of REER is used to gauge a currency's strength vis-a-vis its trading partners or export competitors after adjusting for inflation, expressed as an index