Financial Institution
Centre may revamp framework for setting state-owned banks' targets
New framework could be on lines of earlier 'Statement of Intent' used to fix annual targets, will monitor performance on parameters such as return on assets, NPA, financial inclusion initiatives
 "Centre may revamp framework for setting state-owned banks' targets")
FSIB recommends former Union Bank of India MD for post of NaBFID MD
The Centre, earlier this month, transformed the Banks Board Bureau into FSIB and expanded the headhunter's role to suggest appointments for PSU banks, insurance companies and financial institutions
 "FSIB recommends former Union Bank of India MD for post of NaBFID MD")
Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm
Gets $15 mn in equity from French investors, total fundraise reaches $100 mn
 "Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm")
US didn't cut off Russia from SWIFT to prevent unwanted consequences
SWIFT is a global cooperative of financial institutions that began in 1973
 "US didn't cut off Russia from SWIFT to prevent unwanted consequences")
Finance Ministry invites entries for new DFI's name, tagline and logo
The finance ministry on Wednesday invited entries from citizens for name, tagline and logo for the new Development Financial Institution
 "Finance Ministry invites entries for new DFI's name, tagline and logo")
Battling wilful defaulters
With high pressure on profitability and credit costs, banks and FIs have stepped up action against them
 "Battling wilful defaulters")
