Page 1174 - Finance News
Microfinance institutions diversify funding by tapping bond market
MFIs issued NCDs worth Rs 576 cr last fiscal, up 162% y-o-y
India's credit trend in 2015 hinges on reining fiscal deficit: Moody's
US Fed tightening may trigger capital, forex volatility
 "India's credit trend in 2015 hinges on reining fiscal deficit: Moody's")
DBS to focus on lower end of SME segment
Plans to double SME contribution to 30% in next 3 years
 "DBS to focus on lower end of SME segment")
Non-convertible debentures new fund route for NBFCs
Experts claim debentures are more stable than commercial papers
 "Non-convertible debentures new fund route for NBFCs")
Moody's downgrades IOB's financial strength rating
Flags concern on falling asset quality, capital profile
 "Moody's downgrades IOB's financial strength rating")
Time is running out for PSU banks
If the stressed asset of banks crosses the 20% mark, RBI might limit the loan-sanctioning powers of banks with stressed asset ratios near 20%
 "Time is running out for PSU banks")
Large wilful defaulters are freeloaders, not industry captains: Rajan
RBI Governor raps large corporate defaulters but open to more flexibility in loan recast
 "Large wilful defaulters are freeloaders, not industry captains: Rajan")
State lenders face tough sell on capital raising plan
Investors wary about deteriorating asset quality, slackening credit demand
 "State lenders face tough sell on capital raising plan")
Central bank to hold back for now
The central bank might not be in any immediate position to deliver a rate cut, even as the first target of sub-eight per cent inflation for January 2015 is likely to be achieved
Kotak-ING Vysya merger is positive, says ICRA
The credit rating agency says the deal will improve operating profile of Kotak, create cross-selling opportunities
 "Kotak-ING Vysya merger is positive, says ICRA")
PSBs may take hit of Rs 96k cr due to coal block cancellation
Banks had extended credit to power plants based on coal supply from some of the mines cancelled by SC
 "PSBs may take hit of Rs 96k cr due to coal block cancellation")
Kotak Mahindra Bank to foray into general insurance business
Will have to apply for licenses from Irda and the approval process is expected to be completed by the end of June quarter next year
 "Kotak Mahindra Bank to foray into general insurance business")
ECB attraction unlikely to wane for firms
With high lending rates at home, such borrowing rose 33% in October over a year before
 "ECB attraction unlikely to wane for firms")
'Stressed' banks may face lending curbs
RBI cautions lenders with 20% stressed assets
 "'Stressed' banks may face lending curbs")
RBI cautions public against misuse of cancelled NBFC certificate of registration
Apex bank says imposters promise loans to needy public at attractive rates, collect processing fees and then vanish
 "RBI cautions public against misuse of cancelled NBFC certificate of registration")
Ten names shortlisted for appointment as CMDs in eight PSU banks
The high-level search panel is headed by Reserve Bank Governor Raghuram Rajan
 "Ten names shortlisted for appointment as CMDs in eight PSU banks")
PSBs continue to stuggle for share of low-cost deposits
PSBs' share of current and saving accounts has dipped from 33.5% in March '13 to 32.1% in Sept '14
 "PSBs continue to stuggle for share of low-cost deposits")
SBI takes lead in opening Jan Dhan Yojana accounts in Chhattisgarh
The state had set a target to open 2.5 million more bank accounts in the coming days under the scheme
 "SBI takes lead in opening Jan Dhan Yojana accounts in Chhattisgarh")
Banks need to take blame for some problems: Citi India
Jhaveri, CEO of Citi India, said that the fortunes of the banking industry will be a derivative of the economic growth and activity going forward
 "Banks need to take blame for some problems: Citi India")