Page 1178 - Finance News
FIPB clears HDFC Bank's proposal to hike foreign holding to 74%
The HDFC stake in HDFC Bank has been considered foreign
 "FIPB clears HDFC Bank's proposal to hike foreign holding to 74%")
Slowing wholesale inflation: Is it time now for rate cut?
Fall in both WPI and CPI inflation to pressure RBI, say analysts
 "Slowing wholesale inflation: Is it time now for rate cut?")
ICICI Bank raises $100 mn through Chinese Yuan bonds
The bank acted through its Bahrain Branch for this bond issuance
 "ICICI Bank raises $100 mn through Chinese Yuan bonds")
Bond yields rise due to profit booking, fear of inflation inching up
Expectations of a cut in repo rate by RBI had started building up due to softening retail inflation
 "Bond yields rise due to profit booking, fear of inflation inching up")
Govt to interview candidates for CMD post in PSBs today
Seven CMD posts are currently vacant. One more will be vacated on December 31, after Vijaya Bank's CMD V Kannan retires
 "Govt to interview candidates for CMD post in PSBs today")
India Post keen to apply for a universal bank licence
Last year, India Post had applied for a universal banking licence but was not granted one by RBI
 "India Post keen to apply for a universal bank licence")
BASIX undecided on changing to a small bank, says CEO
RBI norms propose area of operations of small banks to be restricted to contiguous districts in a homogeneous cluster of states
 "BASIX undecided on changing to a small bank, says CEO")
 "RBI mulls all-India presence for proposed small banks")
Haryana banks achieve 99% of credit target
The target for the priority sector lending was Rs 36,130 cr
FIPB likely to take up HDFC Bank's FDI proposal tomorrow
HDFC Bank had approached FIPB for increasing foreign holding in the bank to 67.55% from 49%
 "FIPB likely to take up HDFC Bank's FDI proposal tomorrow")
Final norms on small banks by month-end: Rajan
Says RBI is planning to revamp its cash management system
 "Final norms on small banks by month-end: Rajan")
Banking services, forex and money markets hit by one-day strike
Strike is total, impacts all branches of PSU and private banks. Clearing operation at RBI also hit
 "Banking services, forex and money markets hit by one-day strike")
Bond yields to see correction on RBI policy day
This is because the bond market is bullish on expectations of a cut in interest rate due to softening inflation numbers
 "Bond yields to see correction on RBI policy day")
Tightening of NBFC norms: Gold loan firms look to diversify
RBI feels gold loan firms are exposed to inherent concentration risk and adverse movement of gold prices
 "Tightening of NBFC norms: Gold loan firms look to diversify")
Jan Dhan accounts close to target, but over 75% have no balance
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day
 "Jan Dhan accounts close to target, but over 75% have no balance")
Jammu & Kashmir Bank net profit down 43%
Total income increases to Rs 1,883 cr
 "Jammu & Kashmir Bank net profit down 43%")
Large funds bust underperformance myth
More equity schemes join the Rs 5,000 crore plus club in India, generate alpha over benchmarks
 "Large funds bust underperformance myth")
Banking transactions worth Rs 12k cr affected in strike
UFBU is an umbrella organization of nine unions of employees and officers of the banks
 "Banking transactions worth Rs 12k cr affected in strike")
Bankers threaten to go on another strike next month
The IBA has offered 11% hike in wages to one million bankers
 "Bankers threaten to go on another strike next month")
Banking services paralysed in West Bengal
Banking Unions say strike was total, all branches of PSU and private banks impacted