Page 1169 - Finance News
Bandhan now closes in on Grameen Bank
Race on to to become South Asia's largest microcredit provider
 "Bandhan now closes in on Grameen Bank")
Govt cutting stake in banks will lead to sectoral reforms: SBI Chief
Says apart from long-term financing for infraprojects, banks should also make short term investments in equity and bond markets
 "Govt cutting stake in banks will lead to sectoral reforms: SBI Chief")
Bank of Maharashtra cuts minimum lending rate to 10.25%
First bank to cut lending rates after RBI governor's comments
 "Bank of Maharashtra cuts minimum lending rate to 10.25%")
RBI's net dollar purchases almost double in October
RBI bought $14.26 bn while it sold $11.55 bn
 "RBI's net dollar purchases almost double in October")
Axis Bank to raise $100 mn as debt, another $50 mn as equity from IFC
IFC to invest in a fixed-rate, infrastructure bond issued by the bank
 "Axis Bank to raise $100 mn as debt, another $50 mn as equity from IFC")
Bank credit up 11% annually: RBI data
Bankers believe that gradually credit growth in the system has started picking up
Banks to earn more under RIDF and other funds: RBI
The central banks has reworked slabs as well as interest earned under investments made in these funds
 "Banks to earn more under RIDF and other funds: RBI")
Fund raising by India Inc via offshore debt market seen rising in 2015
In the second half of the current calendar year, issuances had slowed. Most companies had front-loaded their fund-raising plans, in anticipation of a rise in US interest rates
 "Fund raising by India Inc via offshore debt market seen rising in 2015")
Room for rate cut if inflation continues to ease, says Mundra
Reserve Bank might grant licences for small finance and payment banks by April
 "Room for rate cut if inflation continues to ease, says Mundra")
Akula appointed chairman of financial inclusion start-up Vaya Finserv
To acquire 26% in the start-up for an undisclosed amount with eye on bank licence
 "Akula appointed chairman of financial inclusion start-up Vaya Finserv")
Cabinet nod to cut govt stake in PSBs to 52%
This would enable these banks to partly meet Basel III requirements by March 31, 2019
 "Cabinet nod to cut govt stake in PSBs to 52%")
Banks may demand higher equity from highly leveraged firms: Mundra
RBI deputy governor says banks may decide on debt to equity ratio individually for companies
HDFC Bank loses its Casa-leader slot
At the end of Sept qtr, ratio dipped to 43.2% as FDs and FCNR(B) deposits rose faster, says lender
 "HDFC Bank loses its Casa-leader slot")
High-profile bankers find it tough to turn around small private banks
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents
 "High-profile bankers find it tough to turn around small private banks")
Fund raising via bonds turn cheaper on hopes of a rate cut
Costs have dropped by 10-15 bps post RBI policy review
 "Fund raising via bonds turn cheaper on hopes of a rate cut")
SBI rules out loan rate cut till credit demand picks up
Cut in rate immediately impacts income; when volumes are thin, it is difficult to reduce these rates, says SBI chief
 "SBI rules out loan rate cut till credit demand picks up")
HDFC Bank to welcome back its former employees
Introduces project 'Khoj' to re-hire 3,000 ex-workers over 18 months
 "HDFC Bank to welcome back its former employees")
Axis Bank launches fixed home loan for affordable housing segment
The bank has introduced a fixed home loan product for tenure of twenty years that is priced at 10.4%
 "RBI cautions public against misuse of certificate of registration issued to Surat-based NBFC")
After mid-income individuals, American Express turns to Indian SMEs
To launch co-branded corporate card with Jet Airways for this segment
 "After mid-income individuals, American Express turns to Indian SMEs")