Page 1140 - Finance News
Govt to infuse Rs 1,300 crore in EXIM Bank
Loan book to increase by Rs 13,000 cr; total portfolio of projects supported by Bank is currently Rs 1,80,000 cr
 "Govt to infuse Rs 1,300 crore in EXIM Bank")
State Bank of Travancore in need of Rs 3,000 cr capital by March 2019
SBI, which holds 79 per cent stakein SBT, has been infusing capital at regular intervals
 "State Bank of Travancore in need of Rs 3,000 cr capital by March 2019")
RBI's forex reserves climb to all-time high of $ 338.08 bn
During the week gold reserves remained unchanged at $ 20.18 billion
 "RBI's forex reserves climb to all-time high of $ 338.08 bn")
Fifteen crore Aadhar cards linked with bank accounts
Current focus is on linking the bank accounts of 17 crore DBTL beneficiaries of Aadhar numbers by June 30 this year, says NPCI MD & CEO
 "Fifteen crore Aadhar cards linked with bank accounts")
Mudra Bank can be positive for microfinance sector: ICRA
NBFC-MFIs are likely to have overall debt of Rs 360-420 billion by March 2016 and refinance from the bank could constitute a significant proportion of the overall debt
 "Mudra Bank can be positive for microfinance sector: ICRA")
Banks in Maharashtra say lack of state help hits loan recovery
They cite hurdles in getting approvals and assistance from magistrates for seizing physical assets under the law
 "Banks in Maharashtra say lack of state help hits loan recovery")
RBI relaxes loan norms for low-cost housing
Stamp duty, registration to be included while calculating loan-to-value ratio for home loans up to Rs 10 lakh
 "RBI relaxes loan norms for low-cost housing")
Banks will pass on benefits of rate cut soon: Jayant Sinha
He said strict action would be taken in case of cartelisation on the part of the banks
 "Banks will pass on benefits of rate cut soon: Jayant Sinha")
Short-term rates dip after RBI rate cut
Certificates of deposit and commercial papers have dropped by 20-25 bps
 "Short-term rates dip after RBI rate cut")
Get locked into FDs
With banks likely to cut rates, investing in a product that offers 8-9% annually will be beneficial
 "Get locked into FDs")
Expect another 50 bps rate cut this year: Keki Mistry
Hopes to reduce home loan rate in 'near future'; to be applicable for all customers
 "Expect another 50 bps rate cut this year: Keki Mistry")
Infra, realty companies stand to gain from rate cut
Larger gains will accrue after interest rates are lowered further and the business cycle picks up
 "Infra, realty companies stand to gain from rate cut")
 "Fall in bond yields seen continuing on further rate cut hopes")
Low rate to help revive stalled projects, says India Inc
CEOs say RBI's rate cut will boost demand for home and auto loans
 "Low rate to help revive stalled projects, says India Inc")
Rajan action cheered at FinMin
MoS sees room for more cuts, CEA says rating agencies need to take cue
 "Rajan action cheered at FinMin")
'Budget will help India become a power house in the world'
RBI Governor says: 'I don't think we ever do anything in our regulatory framing without the full consent of the govt and I presume it will be vice versa'
 "'Budget will help India become a power house in the world'")
RBI cuts rate, banks set to follow suit
Markets expect more follow-up action by RBI, as inflation is likely to remain low
 "RBI cuts rate, banks set to follow suit")
 "Eyeing parity, IDBI expands board to three deputy managing directors")
New method to calculate GDP gets RBI pat
Thumbs-up for consolidation map but will watch action; sceptical on CSO's revised growth estimate painting economy as robust
 "New method to calculate GDP gets RBI pat")
 "Frequent surprise may create volatility: Experts")