Jun 29, 2016 - The CASA pillars of public sector banks are shrinking

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Sree Vijaykumar From the Editor's Desk In his first year at Yahoo, during which advertising revenues declined in every quarter, Chief Operating Officer Mr De Castro made $39.2m, putting him behind only eight CEOs of listed American firms in the income charts. By his 14th month, Ms Mayer had decided to fire him without cause, triggering a severance payment worth almost $60m. Mr De Castro may not have impressed as a chief operating officer, but you must admire his negotiating skills. High executive pay is an issue that has employees to governments worried. Some in-depth analysis from The Economist on this trend here. The CASA pillars of public sector banks are shrinking CASA deposits are crucial to a banks health because they are the cheapest source of funds for banks. Banks with a high CASA ratio are considered stronger. Government should sell stake in PSBs if it wants growth The message, from the banking regulator, is clear — chip in with capital, or else banks will not live up to the expectations of New Delhi and India Inc. Profit-making companies listed on defunct bourses see renewed interest The recent listing of Aspinwall & Co, a Kochi-based logistics company on the NSE at Rs 175, has triggered interest in stocks of profit-making companies listed on defunct exchanges. India Inc balance sheet improving: Financial Stability Report "As global uncertainties and transiting geopolitical risks impact India, continuation of sound domestic policies and structural reforms remain the key for macroeconomic stability," Rajan said. Bank of Baroda CEO PS Jayakumar's focus on differentiation, to make bank future-ready Jayakumar is the first thoroughbred private banker to head a state-run bank as the government experiments with private sector talent to revive ailing state-owned banks. Long-dated debt funds get a leg up from Brexit Experts feel these long-dated mutual fund schemes will continue to generate good returns in short to medium term, mostly due to actions by global central bankers. No takers for unofficially traded shares of IPO-bound companies In the grey market, shares are traded ahead of their listing and punters settle trades by delivering shares when the company lists on bourses. Opportunity for India to emerge as major global financial market after Brexit: Mark Mobius There will be an impact on emerging markets and some of the Indian companies that have significant exposure to the United Kingdom may get affected, says Mobius. Bad loans take toll on financial system, banks fail to tick right boxes in RBI's stress test This details the results of stress tests based on various scenarios and is part of the requirements under the global Basel recommendations on capital and the risks faced by banks. SBI to divest non-core assets to rake in Rs3,000 crore SBI chief Arundhati Bhattacharya says asset quality pressures accelerated during 2015-16 due to continued stress in the economy, declining commodity prices and two successive drought years Indian banks must share digital dividend Everything depends on some form of technology, including your banks and financial institutions. And this dependence on technology is changing the way we conduct our banking transactions.   Our actions are increasingly complemented by computing and technology. Almost everything Velvetcase raises $1.5-2 million from Uniqorn Ventures Fund and others Velvetcase aims to use the funds for marketing initiatives, strengthening technology and developing solutions that are seller-centric Trent plans to raise up to Rs300 crore via NCDs The board of directors has approved the sub-division of equity shares of Trent having a face value of `10 per share into equity shares having a face value of `1 each Motilal Oswal Financial to raise Rs1,000 crore Motilal Oswal says approval of members, by way of special resolution, is being sought to issue Non-Convertible Debentures (NCDs) up to `1,000 crore Axis Bank forays into urban microfinance segment The lender plans to commence urban microfinance operations in 85 branches across Bengaluru, Chennai, Kolkata and Mumbai, in addition to Pune. JSW Steel seeks to raise up to $2 billion via foreign currency bonds JSW Steel will also seek a nod to raise up to Rs4,000 crore through equity shares and debentures through a QIP issue Alipay owner said to finish record $4.5 billion equity fund-raising round Ant Financial, as the company is known, had aimed for at least $3.5 billion at a valuation of $60 billion and is considering an IPO on the Shanghai stock exchange Religare Finvest acquires 24.49% stake in ABG Shipyard The acquisition will, under the rules, now trigger an open offer to ABG Shipyard’s public shareholders OCL India to merge Dalmia Cement East with itself Launching a premium cement brand Amandeep said that OCL's market share in West Bengal is 15-16 per cent, making it the second-biggest player in the state. Lendingkart raises $32 million in Series B funding round Lendingkart will use the funds to improve its data science capabilities, enhance its technology solutions, and build a better infrastructure for mobile capabilities SBI to soon send detailed merger plan for govt approval Earlier, Cabinet gave in-principle approval to merger of the five associate banks and Bhartiya Mahila Bank with the State Bank of India. United Bank of India to focus on MSMEs, plans to raise funds via QIP The bank is planning to raise up to Rs 1000 crore in one or more tranches through qualified institutional placement for which it sought shareholders' approval. Consolidation in Indian banking sector risky: Moody's The multiple downside risks in the proposed consolidation in the Indian public sector banking (PSB) space far outweighs the potential benefits, said global credit rating agency Moody's Investors Sevice. Lenskart to offer home visits by eye specialists The company is piloting a project in Delhi where consumers can not only see the nearest available refractionist but also order services using the app and track their movement. 'Direct selling market in Delhi to reach Rs 15-20 billion by 2025' The FICCI-KPMG India report said that the direct selling industry in India is currently reckoned at Rs 75 billion, recording double digit growth of more than 16 per cent over the past four years. V-Mart to set up 2nd fashion store in J&K soon "V-Mart is opening up a complete family fashion store in Udhampur district soon. It will be second such store in Jammu and Kashmir." E-commerce fuels Adobe India's growth story On the horizontal growth opportunities mobile and video are also huge areas for Adobe and Bawa feels there is no better place to test the waters than India. Coming soon: Pizzas and burgers on trains Train passengers will soon be able to order burgers and pizzas of their choice on the Railways website and have them delivered right to their coaches. China makes rules stricter for mobile app developers China has tightened rules for mobile app developers including requiring real-name registration and preserving users' activity logs, the country's internet regulator said on Tuesday, as Beijing looks to strengthen oversight of the growing app market. What Happened to the Consultation on Licensing of WhatsApp-like Applications? Sources believe that two recent developments will allow TRAI and the Department of Telecommunications to revisit and finish the regulatory process on licensing of over-the-top applications. Tata Communications surges after Neotel sale to Liquid Telecom The transaction, which will be worth South African Rand 6.55 billion, will create the largest pan-African broadband network Mobile Wallets in India Threatened by E-Commerce, Social Apps: Norton Mobile Survey Here’s a piece of good news. There are over 10.8 million apps in over 200 app With 5G, Qualcomm wants to enhance mobile broadband While bandwidths below 1GHz will be for long-range Internet of Things (IoT), those between 1GHz-3GHz will power enhanced mobile broadband and mission critical services. As for greater than 6GHz, these would have extreme bandwidths. It would be possible to deploy 5G networks both in terms of large geographical areas and local hotspots. How Reliance Jio's LYF became India's third largest selling phone brand Reliance launched the LYF brand of smartphones in tandem with their ambitious 4G startup, JIO, earlier this year. Yesterday, LYF introduced the newest member of the family, Earth 2, priced at ₹19,99 How Mobile Connect solves intrinsic security risks The proliferation of smartphones and connected devices has led to a massive increase in the collection and analysis of personal data. In India, the GSMA estim.. Security of mobile wallets under threat by online shopping and social network: Norton report There are over 1.08 crores apps in over 200 app stores to improve our productivity but one third of them come with malware. Read more on India TV News Believe In Creating A Better Product Than A Brand says Rajani Verma Co-Founder, PureMart The company also commits that it's not just a business entity rather collaborate with farmers and adhere to quality to bring happiness and a healthy life to your family., , PureMart, indian startups AWS launches data centres in Mumbai to accelerate growth in India; to boost the amount of work AWS can do with banking and the healthcare sectors AWS, as it is normally called, is now on track to being a $10 billion annual business this year. It has an operating margin of over 24 per cent. 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