Page 1144 - Finance News
SBI gets shareholders' nod for raising Rs 15,000 cr from market
The bank requires adequate capital to match the anticipated growth in asset and comply with stipulated level of capital adequacy
 "SBI gets shareholders' nod for raising Rs 15,000 cr from market")
PSBs' Basel-III needs to overshoot Rs 2.4 trillion estimate: Mundra
He also expressed reservations about the move to infuse funds in banks selectively
 "PSBs' Basel-III needs to overshoot Rs 2.4 trillion estimate: Mundra")
Jan Dhan overdraft eligible for priority sector lending: RBI
However, for this the borrower's household annual income should not exceed Rs 60,000 in rural areas and Rs 1,20,000 in non-rural areas
 "Jan Dhan overdraft eligible for priority sector lending: RBI")
Repo decision: RBI went by majority view in advisory panel
After cutting repo rate by 25 bps to 7.75% on Jan 15, RBI maintained status quo on policy rates in review on Feb 3
 "Repo decision: RBI went by majority view in advisory panel")
RBI's new base rate norm leads to delay in revision of rates, say bankers
Say cost of funds hasn't come down as expected
 "RBI's new base rate norm leads to delay in revision of rates, say bankers")
 "CanBank ties up with MasterCard for 3 new cards")
Canara Bank to raise Rs 1,500 cr by next week
Bank will also get Rs 570-cr additional capital from govt by March-end
Yes Bank raises Rs 1,000 cr via green bonds, double the target
Bank's MD and Chief Executive Rana Kapoor said this is the first green infrastructure bond issue in India and expressed satisfaction at the response
 "Yes Bank raises Rs 1,000 cr via green bonds, double the target")
IndusInd Bank to raise Rs 2000 cr via infra bonds, NCDs
The proceeds will be used to finance bank's incremental lending for infrastructure and affordable housing
Changing Centre-state maths
Based on the new recommendation, tax devolution to states works out to Rs 39.48 lakh crore over a five-year period
RBI says overdraft under Jan-Dhan is priority sector lending
Overdrafts extended by banks up to Rs 5,000 in PMJDY accounts will be eligible for classification under priority sector advances
Indian Bank to hold EGM to get shareholders' approval for proposed allotment of equity shares to Govt
The Central government will be making a cash infusion of Rs 280 cr into the bank
 "Indian Bank to hold EGM to get shareholders' approval for proposed allotment of equity shares to Govt")
Bank branches to be closed on 2nd, 4th Saturdays
IBA signs pact with unions, settles for 15% wage hike
 "Bank branches to be closed on 2nd, 4th Saturdays")
South Indian Bank to raise upto Rs 500 crore through bonds
The bank's shares were trading 3.80% up at Rs 27.35 apiece during afternoon session on the BSE
 "South Indian Bank to raise upto Rs 500 crore through bonds")
HSBC bullish on India, increases headcount by 1,000
By its annual report, the India head count stands at 32,000, the second highest after the UK's
 "HSBC bullish on India, increases headcount by 1,000")
Priority sector norms set to be reviewed
Announcement likely in Budget; more flexibility to foreign banks on cards
 "Priority sector norms set to be reviewed")
Banks can incentivise commercial performance of power sector: World Bank
Suggests utilities be freed from government interference, regulators focus on maintaining health of the sector
 "Banks can incentivise commercial performance of power sector: World Bank")
DHFL launches QIP with floor price of Rs 494.95
However, it did not indicate how much amount it is going to raise from institutional investors
 "DHFL launches QIP with floor price of Rs 494.95")
Equitas to raise Rs 300-400 cr
Company says one new investor every year would be roped in for next 3 years
 "Equitas to raise Rs 300-400 cr")
Janalakshmi raises Rs 125 cr via bond issue
Janalakshmi intends to use the proceeds to fund its business expansion