Page 1056 - Finance News
RBI says investors will need approval to buy 5% in banks
The buyer would also have to give an annual declaration to the lender that it remains a "fit and proper" investor
 "RBI says investors will need approval to buy 5% in banks")
RBI sets direct agri-lending target at 11.57%
Number is system-wide average of last three years
 "RBI sets direct agri-lending target at 11.57%")
One-day stir at RBI affects G-secs volume
Volumes are low compared with what it usually is, said a senior dealer with a state-owned bank
 "One-day stir at RBI affects G-secs volume")
One-day stir at RBI hits key banking services
17,000 employees on 'one-day mass casual leave' protesting Centre's reform measures and seeking better retirement benefits
 "One-day stir at RBI hits key banking services")
RBI's settlement system not functioning due to strike - dealers
About 17,000 employees of the central bank are on strike called by unions
Refinancing problem for realty majors: CRISIL
Construction cost outpacing customer advances adds to firms' woes
 "Refinancing problem for realty majors: CRISIL")
 "Globetrotting Modi cements outlook for rupee to top Asia returns")
 "StanChart not to undertake rights issue of IDRs")
 "RBI staff to go on mass leave today")
 "India Inc's Oct foreign borrowings down 24%")
Share of residential-focused PE funds jumps to 85%
The share of residential-focused funds has gone up from 14% to 85% in the last seven years, a JLL report says
 "Share of residential-focused PE funds jumps to 85%")
RBI workers' strike tomorrow likely to disrupt settlements
Employees are set to go on strike for better retirement benefits and to oppose reforms to the central bank
 "RBI workers' strike tomorrow likely to disrupt settlements")
StanChart hires Zarin Daruwala as India CEO
The 50-year old banker resigned from her position in ICICI Bank on Tuesday, after being with the bank, her first job, for 26 years
 "StanChart hires Zarin Daruwala as India CEO")
LIC diet sees more equity chomp
In a clear trend, investing markedly more in stocks during recent years, with marked participation in some large issues
 "LIC diet sees more equity chomp")
KKR picks 70% stake in financial adviser Avendus Capital
Besides its core businesses, KKR will help Avendus grow its NBFC business
 "KKR picks 70% stake in financial adviser Avendus Capital")
StanC ropes in ICICI Bank's Zarin Daruwala as India CEO
She was the president of wholesale banking at ICICI
 "StanC ropes in ICICI Bank's Zarin Daruwala as India CEO")
Banks in Odisha achieve only 32% of annual credit plan by Sept
Advances to education sector were abysmally low with a meager 8.59 per cent achievement of the targeted Rs 1,200.49 crore
 "Banks in Odisha achieve only 32% of annual credit plan by Sept")
Standard Chartered names Daruwala as new India CEO
Her previous job was as president of wholesale banking group at ICICI Bank
KKR invests in financial adviser Avendus Capital
KKR, which is investing through its Asian Fund II, bought Avendus shares from private-equity firm Eastgate Capital and investment firm Americorp Ventures
Bank fraud doubles in one year
Bank fraud jumped 100% in the year since Modi took office, prompting the RBI to set up a fraud registry, that the PMO also reviewed, to curb the menace
 "Bank fraud doubles in one year")