Page 1147 - Finance News

RBI allows banks to give gold on loan to jewellers

RBI also says export houses can import it without end-use restrictions; removes prohibition on import of gold coins

Flat credit growth by banks irks finance dept officials

CD ratio drops in the state

SBI goes off the beaten track

Under Arundhati Bhattacharya, the bank has decided to focus on a 'risk-mitigated' approach to keep bad loans under check

MFIs' portfolio reaches historic high of Rs 35k cr

A recent report by CRISIL pointed out that MFI loan assets were likely to reach Rs 35,000 cr by March 2015

Public Sector Banks' quarterly review on on March 5

Review meet to be attended by CEOs of govt banks and other public financial institutions

Huge, growing crisis in public sector banks

Gross NPAs, or loans that have gone bad, add up to Rs 2.73 lakh crore ($44 billion) for public-sector banks

Foreign private banks plan India headcount boost in revival of growth push

Foreign banks eye opportunity as investors look to tap into start-up boom as well as an expected economic revival

ED issues Rs 425 crore forex violation notice to BCCI, IPL, cricket officials

Lalit Modi, N Srinivasan, WSG and MSM also named in show-cause notice alleging illegal payments

FII limit in govt debt likely to be increased in first half of FY16

RBI is in the process of reducing SLR on a systematic basis due to which banks may not have much of appetite for bonds

YES Bank plans to raise Rs 500 cr via green infra bonds

KPMG in India will be providing the assurance services annually, on the use of proceeds in line with green bond principles

Moody's concern for weaker state-run banks

Points to implications of recent govt decision on equity support to only the more efficient ones; queries where else the needed capital can come from

Manappuram takes over Asirvad Micro Finance

The gold loan player has acquired 71.14% equity capital of Asirvad in an all cash transaction for Rs 48.63 cr

Asset quality problems mount for govt banks

Barring SBI, all large public sector lenders saw a sharp rise in stressed loans in the December quarter; no optimistic projection for the near future

Yes Bank to enter asset management biz next fiscal

Initially, Rs 50 crore has been earmarked by the board for the business

SBI commits Rs 75,000 cr for financing clean energy generation

County's largest public lender has a loan exposure of Rs 1.78 lakh cr in power sector including conventional energy and discoms

Bank unions want FM to step in to resolve wage hike issue

Public sector bank employee unions have threatened to go on a nationwide four-day strike beginning February 25 over the wage hike issue

Indian Bank Board nod for Govt Rs 280 cr capital infusion

Bank to hold shareholders EGM on March 23

HDFC Bank Q3 net profit up 20%, beats estimates

Gross NPA, Net NPA stable at 1% and 0.3% respectively

Bank employees to go on 4-day strike from Feb 25

Unions not happy with IBA's 13% wage hike offer

SBI to divest part of stake in life and general insurance ventures

Equity sale in companies to help get better price discovery at the time of IPO