Page 1164 - Finance News
Bank credit growth to priority sector slows
Credit to the priority sector increased only 10.4% in November 2014, compared with a growth of 24.3% in November 2013
 "Bank credit growth to priority sector slows")
Manappuram Finance eying acquisition of CV loans company
Currently the company's CV portfolio has an assets under management (AUM) of below Rs 5 crore
 "Manappuram Finance eying acquisition of CV loans company")
RBI revises reporting format for foreign banks' representative offices
The revised format of reporting will be effective from next reporting cycle
 "RBI revises reporting format for foreign banks' representative offices")
Allahabad Bank cuts term deposit rates by 15 bps
The rate cut is effective from January 1, 2015
 "Allahabad Bank cuts term deposit rates by 15 bps")
 "Five things that impacted the country's banking sector")
Banking: 10 things to look out for in 2015
2014 made a lot of promises; can the new year deliver?
State govts' mkt borrowing pegged at Rs 65-75,000 cr
The amount will be raised through auction of State Development Loans generally on the second and fourth Tuesdays of the month
Non-cooperative borrower tag to serve as warning to defaulters
But may not lead to improvement in loan recoveries, say experts
 "Non-cooperative borrower tag to serve as warning to defaulters")
ARCs witness sharp fall in asset acquisition, pricing remains a challenge
Sale to ARCs in the Sept-ended quarter slumped to under Rs 40,000 cr from Rs 1,20,000-1,60,000 cr recorded in the June-ended quarter
 "ARCs witness sharp fall in asset acquisition, pricing remains a challenge")
Capital raising from markets by govt banks remains a challenge: RBI
Experts say deteriorating asset quality of the public sector lenders will be another obstacle for them in raising money
 "Capital raising from markets by govt banks remains a challenge: RBI")
Need to bring govt-owned NBFCs under prudential regulations, says RBI
The regulator said that these companies should be under the same prudential regulatory framework as applicable to other NBFCs
 "Need to bring govt-owned NBFCs under prudential regulations, says RBI")
Banks need to monitor double leveraging, share pledging by India Inc
Promoters in India often pledge shares not for funding outside business ventures but for the company itself
RBI report says inflation to stay around 6% in next 12 months
Economic activity may remain muted in Q3; sees gradual pick up next financial year
 "RBI report says inflation to stay around 6% in next 12 months")
Be ready to support investment pick-up, RBI asks banks
Sees consumer inflation at 6% in new year, GDP growth at 5.5% for FY15
 "Be ready to support investment pick-up, RBI asks banks")
Kingfisher says declared wilful defaulter for not paying Rs 7.5 crore
Calcutta High Court last week dismissed UBI's decision to declare Kingfisher and its directors wilful defaulters
 "Kingfisher says declared wilful defaulter for not paying Rs 7.5 crore")
RBI eases norms for Indian companies investing abroad
Earlier, the fund raising for the purpose of overseas investment by Indian companies were subject to various limitations
 "RBI eases norms for Indian companies investing abroad")
Spending rate outpaces credit card issuance growth in 2014
Spending growth tops 27 per cent in October, the highest in three years
 "Spending rate outpaces credit card issuance growth in 2014")
Banking system vulnerable to financial contagion, says RBI's FSR
That means trouble at a single bank among the top five most connected lenders could lead to contagion that wipes out nearly 50% of Tier I capital
 "Banking system vulnerable to financial contagion, says RBI's FSR")
ING Vysya Bank employees to strike on Jan 7
Employees will demand job security after the merger with Kotak Mahindra Bank
 "ING Vysya Bank employees to strike on Jan 7")