Govt flays lobbying for top posts at PSU banks

Govt flays lobbying for top posts at PSU banks

In a circular issued to banks, financial institutions and insurance firms, the department has warned officials against making unauthorized visits
RBI imposes fine on ICICI Bank and Bank of Baroda

RBI imposes fine on ICICI Bank and Bank of Baroda

The banks have been fined for violations of RBI’s instructions on know-your-customer and anti-money laundering norms
RBI extends 5:25 scheme to some existing infrastructure projects

RBI extends 5:25 scheme to some existing infrastructure projects

Flexible refinancing and repayment option allowed for projects where total exposure of lenders is over Rs.500 cr
HDFC said to raise $500 million real estate private equity fund

HDFC said to raise $500 million real estate private equity fund

HDFC plans to raise part of the private equity fund from GIC, Temasek Holdings and State General Reserve Fund
HDFC merger with HDFC Bank makes sense in long run: Aditya Puri

HDFC merger with HDFC Bank makes sense in long run: Aditya Puri

HDFC Bank chief says there are some regulatory issues which need to be resolved to make merger more beneficial
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Improving asset quality indicates the worst may be over for banks
Mon, Dec 15 2014. 12 19 AM

Improving asset quality indicates the worst may be over for banks

Improvement in NPAs, hopes of a pick-up in investments and paring of interest rates behind optimism on the sector
Rajan bemoans transmission of lower lending rates as banks protect profit
Fri, Dec 12 2014. 02 14 PM

Rajan bemoans transmission of lower lending rates as banks protect profit

While some banks cut deposit rates last week for third time this year, they have kept lending rates unchanged for over 12 months
Capital to continue to remain a challenge for state-owned banks: Fitch
Fri, Dec 12 2014. 02 01 PM

Capital to continue to remain a challenge for state-owned banks: Fitch

State-owned banks in particular are struggling with low capitalization and poor earnings, the Fitch report said
Bank of Maharashtra  cuts base rate to 10.25%
Fri, Dec 12 2014. 12 36 AM

Bank of Maharashtra  cuts base rate to 10.25%

An official says the lower rates are effective from 15 December
RBI allows for early redemption in inflation indexed national savings securities
Thu, Dec 11 2014. 07 28 PM

RBI allows for early redemption in inflation indexed national savings securities

Investors over 65 years of age will be able to avail the early redemption after a year of holding the securities while all other investors can do so after 3 years
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