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PS RAWAT, Executive Director, Canara Bank
PS RAWAT, Executive Director, Canara Bank

Allowing regional rural banks to tap markets will strengthen them, says Canara Bank ED

Vishwanath Kulkarni

So far we have opened 50 lakh accounts under Jan Dhan scheme: PS Rawat »

India needs at least 3 lakh ATMs: NPCI chief

Abhaya Prasad Hota, MD and CEO, National Payments Corporation of India

K Ram Kumar

‘With so many accounts and debit cards being issued under Jan Dhan, the ATM infrastructure needs to be ramped up’ »

India Inc’s overseas borrowings up 60% at $3.5 bn in Nov

PTI

Indian Industry raised $3.49 billion from overseas markets last month, up 60.2 per cent from a y... »

Axis Bank offers loyalty rewards on savings, current a/c, travel cards

Our Bureau

Axis Bank, India’s third largest private sector bank, announced its eDGE Loyalty Rewards being ex... »

Srei Infra eyes 10% growth next fiscal

Sunil Kanoria, Vice-Chairman, Srei Infrastructure Finance

Our Bureau

If required, will raise fresh capital by selling existing assets, says Sunil Kanoria »

Banking

Srei Infra Finance to sell stake in Viom Networks

Satyanarayan Iyer

Kolkata-based Srei Infrastructure Finance might sell a part or its entire stake in telecom tower... »

Banking

RBI tightens norms to deal with non-cooperative borrowers

Beena Parmar

Any entity with dues above Rs 5 cr will now be classified as 'non-cooperative borrower' »

Banking

CDC, Lok Capital invest $21 m in Utkarsh Micro Finance

Vishwanath Kulkarni

Commonwealth Development Corporation (CDC) together with venture capital firm Lok Capital has an... »

Banking

Ford Credit India receives license to operate as NBFC

Our Bureau

Ford Credit India has been granted a license by the Reserve Bank of India to operate as a... »

Banking

RBI staff to join banking sector strike on Jan 7

Vinson Kurian

Reserve Bank employees have decided to observe a strike on January 7, 2015, in solidarity wi... »

Banking

HDFC sells stake in HDFC Standard Life to Azim Premji Trust

R Yegya Narayanan

Housing finance giant Housing Development Finance Corporation Ltd (HDFC) has okayed the sale of... »

You have just 10 days left to exchange your old currency

G NAGA SRIDHAR

If you have any ₹500 or ₹1,000 notes issued before 2005, you better exchange them for newer ones before the New Year. After that, they are no longer legal tender. The Reserve Bank of In... »

RBI staff to join banking sector strike on Jan 7

Vinson Kurian

Reserve Bank employees have decided to observe a strike on January 7, 2015, in solidarity with the cause of the United Forum of Bank Unions in the commercial banking sector. The All-Ind... »

MSME advances prime focus area: Canara Bank

Rutam Vora

At a time when the Union Government is promoting small industries by 'Make in India' initiative, the public sector lender, Canara Bank today informed that advances to the micro small and medium en... »

Ford Credit India receives license to operate as NBFC

Our Bureau

Ford Credit India has been granted a license by the Reserve Bank of India to operate as a non-banking financial company in India and plans to begin dealer wholesale inventory financing in t... »

HDFC sells stake in HDFC Standard Life to Azim Premji Trust

R Yegya Narayanan

Housing finance giant Housing Development Finance Corporation Ltd (HDFC) has okayed the sale of a minority stake in its insurance joint venture HDFC Life to Azim Premji Trust. The sale is... »

Bank unions call for strike on Jan 7

CH Venkatachalam

LN Revathy

The United Forum of Bank Unions (UBFU) has called for an all-India strike on January 7. Expressing its resentment over IBA’s casual attitude and the Government’s lack of response to the uni... »

Liberty Videocon lines up 3 new insurance products

Our Bureau

After its recent foray into healthcare insurance, Liberty Videocon General Insurance Co Ltd plans to launch at least three new products in the next financial year. Theyinclude an ind... »

Second infra debt fund on the anvil: IIFCL chief SB Nayar

KR Srivats

IIFCL Mutual Fund is working towards setting up its second infrastructure debt fund, SB Nayar, Chairman and Managing Director, IIFCL, has said. This fund would be on a much larger scale... »

Deadline to exchange pre-2005 currency notes ends on Jan 1

PTI

People have only 11 days left to exchange currency notes of various denominations, including 500 and 1,000, which were printed before 2005.The deadline for exchanging the pre-2005 notes is... »

SBM raises Rs 500 cr through Tier II bonds

Vishwanath Kulkarni

State Bank of Mysore (SBM) has raised Rs 500-crore Tier II capital through a bond offering to fund its business growth. "The Basel III compliant Tier II bonds issued by State Bank of... »

United Bank celebrates 65th foundation day

SBI to lean more on tech banking

Forex reserves jump $2.17 billion

Head of IBA panel

SpiceJet: loans will be given only if promoters step forward, say banks

Vijaya Bank event at Pollachi

Dhanlaxmi Bank push to recover bad loans showing results: MD

RRBs may get to tap markets for capital

Reserve Bank comes down hard on evasive borrowers

Our Bureau

Borrowers unwilling to repay bank loans despite the ability to do so run the risk of being classified as non-cooperative.Clamping down on errant borrowers, the Reserve Bank of India on M... »

Allahabad Bank gets nod to raise funds via QIP

PTI

Allahabad Bank today obtained board approval for raising capital from various means including Qualified Institutional Placement (QIP). The board at its meeting held today have discussed and... »

RBI tightens norms to deal with non-cooperative borrowers

Beena Parmar

Any entity with dues above Rs 5 cr will now be classified as 'non-cooperative borrower' »

Srei Infra Finance to sell stake in Viom Networks

Satyanarayan Iyer

Kolkata-based Srei Infrastructure Finance might sell a part or its entire stake in telecom tower company Viom Networks early next year. Sunil Kanoria, Vice-Chairman, Srei Infrastructure F... »

CDC, Lok Capital invest $21 m in Utkarsh Micro Finance

Vishwanath Kulkarni

Commonwealth Development Corporation (CDC) together with venture capital firm Lok Capital has announced fourth round investment of $21 million (about Rs 132 crore) in the Varanasi-based Utkarsh Mi... »

Rate-cut hope boosts bond returns

Radhika Merwin

The year gone by has been quite eventful for fixed income investors. Apart from changes in rate expectations, certain tweaks in the tax structure of debt funds have also impacted investors. ... »

Interviews for filling ED posts in banks on Dec 25-26

Our Bureau

After cancelling the selection of 14 Executive Directors made by UPA regime, the Modi-led Government has called for fresh interviews on December 25-26. Over 40 General Managers from vario... »

Tihar inmates to get life insurance cover under Jan Dhan Yojna

PTI

Inmates of Delhi’s high-security Tihar jail will soon get life and accidental insurance cover as the prison administration, in collaboration with Indian Bank, has decided to get their accounts ope... »

Andhra Bank opens 358th `Navshakti’ branch

G Naga Sridhar

Andhra Bank has opened its 358th `Navshakti’ branch in Madhura Nagar here on Saturday with round-the-clock technology based services. "We are coming out with Navshakti branches prov... »

SBI opens tech learning centre in Kolkata

Abhishek Law

The State Bank of India (SBI), Kolkata circle, has recently opened a tech learning centre (TLC) in the city. In these TLCs, customers will be explained about the various features of alter... »

RBI to remove 2-factor authentication norm on small value transactions

Banking event in Coimbatore to discuss leadership challenges, rising attrition

SBI: H2 will see more expenditure cuts

Karnataka Vikas Bank settles 1,412 cases in Lok Adalat

Insurance FDI: Centre eyes ordinance route as Rajya Sabha logjam persists

Premium rates for fire, group health insurance set to rise

New GM for SBT network

Audio
Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.

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