Page 14 - Somasroy Chakraborty

SBI's loans grow by 18-20% so far in FY14

Credit growth led by retail loan demand, no moderation in project financing

Allow banks to offer us fresh loans: MFIs to RBI

Crisis in MFI sector which began in AP in Oct 2010 has left micro-lenders with negative net worth

Biksham Gujja: The man behind Akula's plan to make a comeback at SKS

Biksham Gujja contributed to major global initiatives such as the World Commission on Dams, World Water Commission and World Water Forum

HDFC Bank's credit card base shrinks

Country's largest credit card issuer saw a sharp month-on-month decline in its base

SKS says shareholders do not have right to nominate directors

Akula's plan to re-enter SKS board likely to face resistance

Hardening of CP rates pushes bank credit

Following the liquidity tightening measures announced by the central bank on July 15, short-term rates have been hardening

Dhanlaxmi Bank to sell more shares to NRIs

Plans to raise Rs 200 cr via QIP, rights issue

Private banks pip state-run peers in opening new branches

The acquisitions made by ICICI Bank and HDFC Bank also contributed to their network expansion

Barclays Wealth appoints Balaji Vardhan as director

Prior to this appointment, Vardhan was director at BNP Paribas Wealth Management

ING Vysya Bank hikes deposit rates by 25-50 bps

The rate hike effective from August 28, 2013

Peerless General Finance's FY13 net profit rises by 9%

Among subsidiaries, Peerless Hotels reported 25.5% increase in yoy PAT, Peerless Developers made a loss

Lakshmi Vilas Bank hikes base, deposit rates

Private lender has also hiked its deposit rates by 50-275 basis points across maturities

Axis Bank, DCB raises non-resident deposit rates

The bank now offers maximum of 10.25% interest on its NRE deposits

Rising rates, slow business growth to hit loan demand

In early August, credit growth had risen to 5-month high of 16.6% after sub-15% levels since beginning of FY14

Rising rates, slow business growth to dent loan demand

Analysts fear repeat of 1991-92 situation

Federal bank hikes deposit rates

Also raised NRE term deposits for three years and above by 25 bps to 9%

Banks' fee income growth shows signs of recovery

It may, however, not be enough to offset treasury losses

Axis Bank seeks FIPB nod to increase foreign shareholding

Central bank says no further purchases of shares of bank would be allowed through stock exchanges in India on behalf of foreign investors

ICICI Bank's UK, Canada arms to keep on repatriating capital

Aims double-digit RoEs in both subsidiaries in next 3 years

YES Bank opens 500th branch

The bank has over 1,050 ATMs across India