Page 1075 - Finance News
US rate rise: Markets expect to absorb Fed action
RBI Governor Raghuram Rajan had said on many occasions that India is better prepared for a US tightening
 "US rate rise: Markets expect to absorb Fed action")
Bank of Maharashtra launches soil and water health card for farmers
The state-focused lender is only bank providing such facility and has already disbursed 500 cards
 "Bank of Maharashtra launches soil and water health card for farmers")
LIC Housing Finance says looking at securitisation of NPAs
Will securitise Rs 4,000-5,000 crore if tax, stamp duty issues sorted out
 "LIC Housing Finance says looking at securitisation of NPAs")
More room for base rate cut in the next few months: Axis Bank
At present, Axis Bank's base rate is 9.85%
 "More room for base rate cut in the next few months: Axis Bank")
Axis Bank launches mobile wallet to shop, pay and bank
The country's third-largest private sector lender launched the app on Friday
 "Axis Bank launches mobile wallet to shop, pay and bank")
Corporation Bank to get Rs 857 cr capitalisation by September
The bank was eying a credit and deposit growth of around 12% this financial year
 "Corporation Bank to get Rs 857 cr capitalisation by September")
Andhra Bank to focus on profitability
If macro economy improves, the lender will only then try to achieve its dream target of Rs 1,000 cr in net profit
 "Andhra Bank to focus on profitability")
Festive discounts elude retail borrowers
Festive offers of special rates on home loans, car loans, etc, typically begin in August
 "Festive discounts elude retail borrowers")
Lenders order special audit of Amtek books
Set stiff terms for fresh loans for bond repayments; May ask promoters to pledge more of their holding; Could insert a strategic debt restructuring clause
 "Lenders order special audit of Amtek books")
NHB to launch over 80 new housing finance companies, says top official
NHB will work with RBI to address issues like loan retention and capital requirement, National Housing Bank MD and CEO Sriram Kalyanraman says
 "NHB to launch over 80 new housing finance companies, says top official")
RBI intervenes more through forwards in foreign exchange market
RBI has been boosting its foreign exchange reserves by purchasing dollars from the market in a bid to reduce volatility in the rupee against the dollar
 "RBI intervenes more through forwards in foreign exchange market")
RBI allows importers to raise trade credit in rupees
RBI said the all-in-cost of such rupee-denominated trade credit should be commensurate with prevailing market conditions
 "RBI allows importers to raise trade credit in rupees")
 "Rs 15,000 cr of gold bonds likely this year, in tranches")
Rajan better than govt to decide on rate cuts: Rahul Bajaj
He also lashed out at the banks for not passing on the entire benefit of RBI's previous rate cuts to customers
 "Rajan better than govt to decide on rate cuts: Rahul Bajaj")
Cabinet allows automatic FDI route for white label ATMs
The decision will ease and expedite foreign investment inflows in the activity
 "Cabinet allows automatic FDI route for white label ATMs")
Fragile PSBs to merge with strong peers if worries persist: FM
FM says the banking ssytem govt inherited is very challenging; NPAs a cause of concern, but no need to panic
 "Fragile PSBs to merge with strong peers if worries persist: FM")
Bumper insurance for Ganpati mandals in Maharashtra
Most popular mandal in Mumbai, Lalbaugcha Raja, takes Rs 51 crore cover
 "Bumper insurance for Ganpati mandals in Maharashtra")
ABN Amro seeks RBI nod to set up subsidiary
So far, three foreign lenders have expressed interest in taking up the subsidiary route
 "ABN Amro seeks RBI nod to set up subsidiary")
Low inflation sustainable this time, says R Gandhi
Says expectations of high inflation continue to remain at bay
 "Low inflation sustainable this time, says R Gandhi")