Page 1067 - Finance News

BoB detects Rs 350-cr bill discounting irregularity

Bill discounting is a transaction under which a firm sells its accounts receivable at a discounted value to banks or a factoring company

Bankruptcy code to be enabler for banks' growth: Mundra

RBI deputy governor says it will help banks to deal with bad loans instead of delaying its recognition

G-sec limit for foreign investors to be raised to Rs 1,79,500 crore

For state development loans the limit will be enhanced to Rs 7,000 cr by Jan 1 while currently it is nil

CARE downgrades Jaiprakash Power Ventures term loans

The amount of loans involved in this downgrade is Rs 11,885 crore

China's slowdown may not be good news for India: Rajan

He, however, added a further slowdown in China would have a silver lining in that it might lead to more foreign investment into India

India Post-BSNL tie-up likely for payments bank

Moves note for investment of Rs 300 cr in Payments Bank

Bank of Maharashtra gets nod to raise Rs 394 cr by equity shares

Post this issuance, the govt's holding in the bank would increase to 81.61%

SBH reduces base rate by 20 bps

Move comes after RBI cut interest rate by 50 bps

Union Bank buys KBC AMC's entire stake in MF JV

Set up in 2009, Union KBC AMC is a mid-sized AMC with assets under management of Rs 2,672 cr

RBI clamp on IOB

Restricts branch expansion, hiring but not lending; action due to poor health

HDFC cuts home loan rate by 25 bps

Reduction applicable to both new and existiing borrowers; women customers to get another 5 bps discount

Doha Bank to have 12 branches & $5-bn exposure in 3 yrs: CEO

RBI to auction G-secs worth Rs 15,000 cr

Canara Bank & StanChart, too, cut rates

RBI initiates corrective action on Indian Overseas Bank

The directions given by RBI were for improving the internal control of the bank and for the purpose of consolidation of its activities

Retail loan rates: Who is offering lowest?

SBI recently reduced base rate by 40 bps to 9.3% and ICICI Bank by 35 bps to 9.35%

Reserve Bank of India to bring Rs 48,000-crore FPI funds

This gradually rising demand for bonds will have a sustained, salutary impact on bond prices, says India Ratings

Bank of Baroda awaits new CEO

Acceptance, working within govt system & staff relations among the key challenges for the private sector veteran, who takes charge this week

White-label ATMs get a fresh lease of life

FINO PayTech, which has a payments bank licence, has already tied up with Tata Communications Payments Solution for ATMs

SBI to charge up to 10% for home loans

Actual reduction in home loan rate will be a maximum of only 20 basis points