Banking News 17.02.2015

SBI launches tech-training centre to help customers :

To get customers to use alternate banking channels such as ATMs, internet/mobile banking, green channel, cash deposit machines, plastic banking (cards), pass book digital printing and more, State Bank of India has started technology learning centres at 385 regional business offices across the country. The bank is conducting free interactive learning sessions for customers on the third Friday of every month. (Page-06/BL (Trichy) - 17.02.2015)

Government to infuse Rs.870 crore in Punjab National Bank :

Punjab National Bank (PNB) today said government will infuse Rs.870 crore into the lender by way of equity capital for the current fiscal. The bank will seek approval of the shareholders on March 19 for the same, PNB said in a filing to the BSE. (e-ET - 17.02.2015)

Credit flow to Tamilnadu MSEs to rise 18% in FY16 : Nabard :

The National Bank for Agriculture and Rural Development (Nabard) has projected credit flows totalling Rs.25,647.38 crore to micro and small enterprises (MSEs) in Tamilnadu in 2015-16 – an increase of around 18 % over flows in 2014-15. Nabard has suggested that banks must continue to encourage entrepreneurs to take up food and agro processing activities and liaise closely with District Industries Centres (DICs), to leverage the benefits of various subsidy schemes implemented by the Centre for financing activities in the MSE sector. (Page-05/BS (Kochi) – 17.02.2015)

LVB ties up with NCML :

Lakshmi Vilas Bank has tied up with National Collateral Management Services (NCML), an agri-infrastructure service provider for collateral management and warehousing services. The service is expected to enable traders and farmers to finance their capital requirements. (Page-06/BL(Trichy) - 17.02.2015)

Dhanlaxmi Bank net at Rs.17 cr :

Dhanlaxmi Bank recorded a net profit of Rs.17.10 crore for the quarter ended December 31, 2014, against a net loss of Rs.119.37 crore for the corresponding period in the preceding financial year. Total income increased from Rs.1017.35 crore to Rs.1031.49 crore (1.39 %). Operating profit also rose by Rs. 10.87 crore on a year on year basis (50.72 %). Net NPA ratio for Q3 as well as the three quarters of the current fiscal recorded a decline at 4.52 %, when compared to 4.64 % of the corresponding period in 2013-14. (Page-13/The New Indian Express(Trichy) - 17.02.2015)

Banks to allow cardless withdrawals at 1 lakh ATMs by year-end :

Cardless cash withdrawal will be available from one lakh bank ATMs by the end of the current year for remittances initiated by customers of banks. The service allows account holders to direct their bank - via an SMS or an app - to transfer funds to a particular mobile phone number. The bank then messages two separate codes to the account holder and the receiver on their respective mobile numbers. The receiver has to enter the two codes at the ATM to withdraw cash. (e-ET - 16.02.2015)

YES Bank to raise Rs. 500 crore :

Private sector lender YES Bank on Monday said it will be raising Rs.500 crore through issuance of “green infrastructure bonds”, which will be deployed to fund renewable energy and energy efficiency projects. The bank claimed it is the first such issue in the country and the money will be used to fund solar power, wind power, biomass and small hydel projects. (Page-06/BS (Kochi) – 17.02.2015)