Page 1145 - Finance News

Priority sector norms set to be reviewed

Announcement likely in Budget; more flexibility to foreign banks on cards

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

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

Equitas to raise Rs 300-400 cr

Company says one new investor every year would be roped in for next 3 years

Janalakshmi raises Rs 125 cr via bond issue

Janalakshmi intends to use the proceeds to fund its business expansion

RBI eases rules for change in shareholding in ARCs

Under existing rules, ARCs have to obtain prior approval of RBI for any substantial change in its management

SBI consortium initiates Kingfisher House possession

The move is part of the efforts by the bank consortium to recover the Rs 6,800 crore loan

Govt committed to work for betterment of every citizen: Jaitley

Says he is happy for every bank employee on his wage hike

Bandhan to raise Rs 1,000 cr by end-March through securitisation

Already the MFI has made a securitisation deal with Kotak Mahindra Bank, to sell a loan portfolio worth Rs 500 cr

SBI eyes higher tax benefits for home loans

Wants separate category for tax sops on repayment of home loans

Banks unlikely to offer more than 25-50 bps on non-callable deposits

Non -callable deposits are those where premature withdrawal is not allowed

Bank NPAs in Odisha mount to 8.78% by Dec-end

The SLBC has expressed concern on the rising bad loans in the state

SBI, Australian partner in talks to raise stake to 49% in general insurance venture

Currently, the State Bank's Australian partner holds 26% stake

PSU bank employee unions withdraw strike call, settle wages

At a meeting in Mumbai, PSU banks employee unions and bank management, Indian Banks' Association, agreed on 15% wage hike

HSBC gets summons from I-Tax Dept; fears significant fines

A leaked list 1,195 Indians with accounts in HSBC's Swiss banking unit recently became public and most are suspected to have illicit money stashed

Banks opened 13.2 cr new accounts under Jan Dhan Yojana: President

Says this unprecedented target was achieved in less than six months, making it the largest such programme globally

Govt should use cheap oil to boost balance sheet: RBI Deputy Governor

Lower oil import bill will help slash current account deficit, said H R Khan

SBI to overhaul transaction banking business

Plans to hire strategic advisor for restructuring this unit, which is crucial in increasing its fee-based income

IBA agrees to meet bank unions on Monday to avert strike

The unions have threatened the strike to press wage-hike demand; this would be their fifth strike this fiscal

Bank of India to defer $750-mn bond sale plan on excess liquidity

In the December quarter, the bank had raised Rs 2,500 crore as additional tier I capital.