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Banks, RBI square off over cash shortages and other top Banking news of the day

India Infoline News Service | Mumbai | February 06, 2016 11:24 IST

Round up of the major headlines that dominated the Banking sector, nationally and internationally.

RBI: CPI headline inflation is likely to remain below 6% until Q3 FY17

India Infoline News Service | Mumbai | February 05, 2016 18:13 IST

Output growth, measured using gross value added at basic prices is likely to improve marginally in 2015-16 and further in 2016-17. Quarterly growth projections for the next five quarters indicate that growth is likely to peak in Q2:2016-17.

Punjab National Bank raises Rs.1500 crore via pvt placement

India Infoline News Service | Mumbai | February 05, 2016 17:19 IST

The bank has raised Rs. 1500 crore Tier-2 (Basel III compliant) capital bonds at annual coupon of 8.65% on a private placement basis.

Vijaya Bank surges 16% after stellar Q3 numbers

India Infoline News Service | Mumbai | February 05, 2016 16:19 IST

The bank posted increase of 40.6% in net profit to Rs.52.6 crore for the quarter ended Dec. 31, 2015 as compared to Rs.37.4 crore in the same period last year.

Vijaya Bank Q3 net profit at Rs. 52.6 crore, up 40.6%

India Infoline News Service | Mumbai | February 05, 2016 15:09 IST

The bank posted increase of 40.6% in net profit to Rs.52.6 crore for the quarter ended Dec. 31, 2015 as compared to Rs.37.4 crore in the same period last year.

YES Bank and Indian Railways to set up over 1000 Community Water Purification Systems across the Country

India Infoline News Service | Mumbai | February 05, 2016 12:29 IST

YES Bank Indias 5th largest private sector bank has joined hands with the Indian Railways to provide safe and clean drinking water at Railway station by setting up 1000 community water purification systems across India by 2019

SBI partners with Thomas Cook to offer holiday saving scheme and other top Banking news of the day

India Infoline News Service | Mumbai | February 05, 2016 11:35 IST

Round up of the major headlines that dominated the Banking sector, nationally and internationally.

Banking Newsletter - February 01 to 05, 2016

India Infoline News Service | Mumbai | February 05, 2016 10:08 IST

Description- This week the Reserve Bank of India (RBI), in its Sixth Bi-monthly Monetary Policy Review, 2015-16, has decided to keep the repo rate same, with no pulls or pressure from the market. Raghuran Rajan, Governor, RBI said that India's economy lost momentum in Q3 and stated that it will take steps towards ease Of doing business. He also added that RBI continues to be accommodative even as it leaves the policy rate unchanged in this review. Industry veterans like Chandra Shekhar Ghosh, Chanda Kochhar, Abheek Barua, Anis Chakravarty, Ashwini Kumar Hooda gave their opinions about the RBI leaving key policy rate unchanged at 6.75%. IIFL presents a weekly snapshot of the major happenings in the banking sector, nationally and internationally.

RBI proposes changes in timeframe for Issue of Shares

India Infoline News Service | Mumbai | February 05, 2016 06:39 IST

The Reserve Bank of India has proposed certain changes in respect of the time frame for issue of shares to align the provisions of Foreign Exchange Management Act, 1999 which requires an investee company receiving Foreign Direct Investments to issue shares within 180 days of receipt of foreign investment with the provisions of the Companies Act, 2013

RBI rationalises FEMA Regulations

India Infoline News Service | Mumbai | February 04, 2016 18:06 IST

For easy identification, revised regulations will carry the same numbers as in the old regulations with a suffix (R) along with the year in which they are published.

SBI announces partnership with Thomas Cook India

India Infoline News Service | Mumbai | February 04, 2016 16:35 IST

The cost of the package tour is split into 12 monthly instalments with a free 13th instalment via a combination of accrued interest and a top-up from Thomas Cook India.

Bandhan Bank garners Rs 7,000 crore deposits and other top Banking news of the day

India Infoline News Service | Mumbai | February 04, 2016 11:44 IST

Round up of the major headlines that dominated the Banking sector, nationally and internationally.

Bajaj Finance slips 2% on profit booking

India Infoline News Service | Mumbai | February 04, 2016 10:33 IST

The companys Net Interest Income (NII) stood at Rs. 1,312.06 crore, recording growth of 48.39% yoy and 33.16% qoq.

Rupee sees strength! Trades at 67.81 against the dollar

India Infoline News Service | Mumbai | February 04, 2016 09:46 IST

Following the upbeat mood in Asian currencies market, the Indian currency gained strength against the US dollar.

RBI releases Consumer Confidence Survey

India Infoline News Service | Mumbai | February 04, 2016 06:51 IST

The Consumer Confidence Survey provides an assessment of respondents perceptions on general economic conditions and own financial situation during the current period and a year ahead.

RBI's moves aimed at putting key projects back on track; not to reduce risk-taking appetite: Raghuram Rajan

India Infoline News Service | Mumbai | February 03, 2016 17:20 IST

"We should not in any way reduce risk-taking in the economy," says Rajan.

Fullerton India launches housing finance company: Grihashakti

India Infoline News Service | Mumbai | February 03, 2016 17:02 IST

The housing finance company will offer Home Loans, Loans against Property and Commercial Property Loans.

Bajaj Finance zooms 9.5% on Q3 results

India Infoline News Service | Mumbai | February 03, 2016 16:27 IST

The companys net interest income (NII) stood at Rs. 1,312.06 crore, growing 48.39% yoy and 33.16% qoq.

Other Income boosts profit! Religare Enterprises Q3 net profit at Rs.185.3 cr

India Infoline News Service | Mumbai | February 03, 2016 14:29 IST

The company's total income has increased from Rs. 1133.2 crore for the quarter ended December 31, 2014 to Rs. 1136.8 crore for the quarter ended December 31, 2015.

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