Page 1142 - Finance News
Govt mulls reducing stake in PSBs to 52%
Expects to mobilise Rs 89,000 crore
RBI refuses to share inspection reports with Intelligence agencies
The central bank has cited 'legal impediments' in sharing the reports with CEIB as it is not a statutory body
 "RBI refuses to share inspection reports with Intelligence agencies")
Axis, YES Bank to benefit as FM relaxes cap on FII shareholding
At present, foreign shareholding in private sector banks is capped at 74% of paid-up voting equity capital
 "Axis, YES Bank to benefit as FM relaxes cap on FII shareholding")
Send money 24x7 using only your phone's address book
HDFC Bank's new app to allow customers transfer money to phone contacts
 "Send money 24x7 using only your phone's address book")
Banks get more time to cut rates
Cut in SLR to help improve margins
 "Banks get more time to cut rates")
ICICI Bank to repatriate capital from Canadian arm for second time
Writes to Canadian government's agency OSFI seeking permission
 "ICICI Bank to repatriate capital from Canadian arm for second time")
 "SBI mandates 9 arrangers for raising Rs 12,000 cr")
SKS to set up small finance bank
The microfinance company says the bank will be a 'logical extension' of its financial inclusion agenda
 "SKS to set up small finance bank")
SIT writes to RBI on financial transactions of HSBC, India for FY12 and FY13
May seek details of last 16 years as well
 "SIT writes to RBI on financial transactions of HSBC, India for FY12 and FY13")
Banks in Odisha achieve only 48% of annual credit plan
Banks have advanced Rs 19,203 cr to the priority sector as on December 31, 2014
 "Banks in Odisha achieve only 48% of annual credit plan")
India adopts flexible inflation targeting
Monetary policy panel to be set up via amendments to Reserve Bank Act
 "India adopts flexible inflation targeting")
Rajan says public debt not a problem yet
Says the debt burden and large budgetary subsidies could constrain the speed of improvements in credit metrics
 "Rajan says public debt not a problem yet")
Avalanche of fund flows but inflation killjoy: Raghuram Rajan
To deal with the global financial crisis, many central banks around the world are printing money and reducing interest rates to very low levels
FII debt inflows to sustain as govt keeps rate lower
The FII limit in government bond is full while for corporate bonds, about 70% has been exhausted
 "FII debt inflows to sustain as govt keeps rate lower")
Treat foreign, domestic banks on par for priority loans: RBI group
Retain 40% target for priority sector loans, introduce PSL certificate, group says
 "Treat foreign, domestic banks on par for priority loans: RBI group")
NYSE, LSE plan to set up shop in GIFT
MCX seeks to launch gold, other commodity futures for foreign firms
 "NYSE, LSE plan to set up shop in GIFT")
Govt gives Ranjan Dhawan additional charge of MD of BoB
Dhawan has been entrusted the additional charge for a period of three months
 "Govt gives Ranjan Dhawan additional charge of MD of BoB")
Yes Bank to raise $100 million from IFC for green bond, women-owned SMEs
The $50 mn bonds will provide long-term finance for renewable energy projects
 "Yes Bank to raise $100 million from IFC for green bond, women-owned SMEs")
New PSL norms not encouraging enough to take WoS route: Foreign Banks
Easing of priority sector norms were key to enable foreign lender to convert their branches in subsidiaries
 "New PSL norms not encouraging enough to take WoS route: Foreign Banks")
Gold sovereign bonds to carry 1.5-2% interest rate
Scheme to be operationalised through designated banks; tax incentives for holders and exemption from CRR/SLR to banks could be carrot to popularise bonds
 "Gold sovereign bonds to carry 1.5-2% interest rate")