Page 1168 - Finance News
The rise, fall & return of Vikram Akula
It might be difficult to repeat the SKS success with VAYA Finserv, say analysts
 "The rise, fall & return of Vikram Akula")
RBI allows structuring, refinance of existing projects
This leeway is expected to ensure long term viability of existing infrastructure core sector projects
 "RBI allows structuring, refinance of existing projects")
Players seek clarification on small and payment bank final guidelines
Clarifications on capital requirement and scope of activities by niche banks sought
 "Players seek clarification on small and payment bank final guidelines")
Priority sector continues to scare foreign banks
The priority sector lending targets are dissuading foreign banks from creating subsidiaries in India
 "Priority sector continues to scare foreign banks")
HDFC Bank pays Rs 1,500-cr advance tax
Next is SBI, which paid Rs 1,420 cr
 "HDFC Bank pays Rs 1,500-cr advance tax")
IDBI plans NSE stake sale
The bank currently owns 2.2 mn shares in the exchange, equal to a 4.99% stake
 "IDBI plans NSE stake sale")
RBI cuts held-to-maturity limit for primary dealers
Bond yields ended stable on Monday due to profit taking among traders
 "RBI cuts held-to-maturity limit for primary dealers")
Infra loans: RBI eases norms to give more flexibility to banks
The new guideline widens the scope of 5:25 scheme by including existing standard long-term project loans worth over Rs 500 crore
 "Infra loans: RBI eases norms to give more flexibility to banks")
FinMin may hold fresh interview for heads of 3 large PSU banks
Interview for executive heads of category A banks could be held once again where candidates from private sector banks can also appear
 "FinMin may hold fresh interview for heads of 3 large PSU banks")
Merger with HDFC makes sense but no proposal on table: Puri
Currently, HDFC Bank is the second largest lender in the private sector. It ranks on top in market valuation, ahead of ICICI Bank
 "Merger with HDFC makes sense but no proposal on table: Puri")
Sebi asks RBI, MCA to join efforts to deepen corp bond market
Has proposed allowing reissuance of existing debt securities by a corporate issuer within the specified time, rather than launching a new issue
 "Sebi asks RBI, MCA to join efforts to deepen corp bond market")
Andhra Banks targets Rs 10,000 cr total biz in Odisha
Bank plans big expansion, to have 200 branches by next fiscal
 "Andhra Banks targets Rs 10,000 cr total biz in Odisha")
Andhra Bank mulls cut in base lending rate by March 2015
Aims to bring down gross NPA to 5% by fiscal end
Govt shares healthy relationship with RBI, says Jaitley
Says we can always afford a healthy debate in a democratic society
ICICI Bank launches new credit card with American Express
Grants extended credit period offer that allows customers to carry over retail purchase balances in first two billing statements by paying the minimum amount due
 "ICICI Bank launches new credit card with American Express")
Three govt-run banks to raise Rs 2,500 crore through bonds
Lenders to issue Basel-III compliant instruments
 "Three govt-run banks to raise Rs 2,500 crore through bonds")
Rajan sings a different tune, pitches for 'Make for India'
Calls for Budget sops to boost savings, says 'glide path' for inflation suits India well
 "Rajan sings a different tune, pitches for 'Make for India'")
Rajan for incentivising domestic savings to boost investments
Rajan said the domestic demand has to be financed responsibly and as far as possible through domestic savings
 "Rajan for incentivising domestic savings to boost investments")
RBI to nudge foreign banks for subsidiarisation post review of PSL norms
Governor Rajan says current account deficit level comfortable for now
Corporate fees continue to dwindle, retail fees likely to drive growth for banks
ICICI Bank, country's largest private bank, earns 60% of its fees from retail side
 "Corporate fees continue to dwindle, retail fees likely to drive growth for banks")