Page 1132 - Finance News
RBI to soon issue norms for Central Fraud Registry: Mundra
Proposed institution will enable quick sharing of information on entities found to be defrauding banks
 "RBI to soon issue norms for Central Fraud Registry: Mundra")
Union Bank of India defers Rs 1,386-cr QIP issue to next fiscal
Why unnecessarily raise capital and sit over it as there is no demand for credit at this point of time, CMD Arun Tiwari said
 "Union Bank of India defers Rs 1,386-cr QIP issue to next fiscal")
RBI for tighter bank exposure norms
Plans to cap bank exposure limit at 25% of tier-I capital
 "RBI for tighter bank exposure norms")
RBI changes public deposit rules for NBFCs
The earlier revised regulatory framework for NBFCs were issued in November 2014
 "RBI changes public deposit rules for NBFCs")
Govt extends Indian Bank CEO's term
T M Bhasin has been given a sixteen-month extension in the capacity of a CEO and not CMD though
 "Govt extends Indian Bank CEO's term")
RBI to conduct liquidity ops if required during holidays
Tomorrow is a bank holiday on account of Ram Navmi, followed by a holiday on April 2 for Mahavir Jayanti, and then April 3 for Good Friday
 "RBI to conduct liquidity ops if required during holidays")
Banks willing to offer lower rates to telcos but want spectrum clarity
Lenders would take up issue of spectrum as collateral with DoT
 "Banks willing to offer lower rates to telcos but want spectrum clarity")
SBI to make room for foreign partner
To cut stake in general insurance venture to 51% from 76%
 "SBI to make room for foreign partner")
UBI won't lend aggressively despite removal of lending restriction: CEO
The bank will continue to focus on lending to retail and SME sectors
 "UBI won't lend aggressively despite removal of lending restriction: CEO")
String of bank holidays from March 28 to affect consumers: Assocham
According to Assocham, while ATMs will technically remain operational, problems could arise
 "String of bank holidays from March 28 to affect consumers: Assocham")
Forthcoming holidays not seen putting pressure on liquidity
Most banks would have garnered funds from bulk deposits
 "Forthcoming holidays not seen putting pressure on liquidity")
India Inc's external commercial borrowings drop 47% in February y-o-y
The industrial activity has not picked up much due to which corporates are not borrowing much
 "India Inc's external commercial borrowings drop 47% in February y-o-y")
HDFC Bank to expand in Andhra, Telangana
Bank currently has 107 branches in Andhra Pradesh, which will be scaled up to 150 in the next two years
 "HDFC Bank to expand in Andhra, Telangana")
HDFC Bank to expand in AP, Telangana
See huge demand for credit in the next few years
 "HDFC Bank to expand in AP, Telangana")
RBI signs $400 mn currency swap pact with Sri Lanka
Deal will allow island nation to draw in dollars or euros in multiple tranches, is seen furthering economic ties between the two countries
 "RBI signs $400 mn currency swap pact with Sri Lanka")
 "Non-life insurers: Down, but not out")
India: A cash-heavy nation
India prints more notes than many other countries
 "India: A cash-heavy nation")
 "Immediate tasks for the new FM")
 "How India is stacked compared with fellow fragile economies")