Page 1179 - Finance News
New norms for NBFCs may double sector's bad loans
Players fear losing their businesses to local moneylenders
 "New norms for NBFCs may double sector's bad loans")
HDFC Bank funds 100% for 2- wheelers, consumer durables
The bank is now funding up to 100% of the loan to value (LTV) amount for two-wheelers (on-road prices)
 "HDFC Bank funds 100% for 2- wheelers, consumer durables")
Muthoot Finance to raise Rs 400 cr
Company may do another retail NCD issue in last quarter of the fiscal
 "Muthoot Finance to raise Rs 400 cr")
BOI to infuse $32 mn in its Indonesia subsidiary
Banking regulator in Indonesia has revised norms for capital adequacy to open more branches
 "BOI to infuse $32 mn in its Indonesia subsidiary")
RBI tightens norms for NBFCs
Raises capital requirement, proposes stricter NPA guidelines; norms to be introduced in a phased manner by April 2018; aim to bring norms on a par with those for banks
 "RBI tightens norms for NBFCs")
As yields fall, PSU banks gear up to raise capital
Banks should have 4.5% CET 1 within the overall capital requirement of eight per cent, applicable from January 2015
 "As yields fall, PSU banks gear up to raise capital")
 "Regulations not discriminatory, says RBI deputy governor")
 "No need for physical presence for pension continuity")
Dena Bank Q2 net falls 52% on flat net interest income
Showing stress in the system, its GNPAs grew to Rs 3,861 crore
 "Dena Bank Q2 net falls 52% on flat net interest income")
Bank strike on Wednesday
Employees have decided to go on one-day nation-wide strike to press for wage revision
 "Bank strike on Wednesday")
Kotak's veteran iBanker Shefali Shah quits
She was spearheading transactions involving private equity and hedge funds under the Financial Sponsors Group
 "Kotak's veteran iBanker Shefali Shah quits")
Bond market sees rate cuts even as RBI talks tough on inflation
Falling borrowing costs are starting to provide benefits of lower rates without RBI actually having to ease monetary policy
 "Bond market sees rate cuts even as RBI talks tough on inflation")
Govt to bring down stake in PSU banks to 52%: Jaitley
Says this is to meet Rs 3 lakh crore capital requirement
 "Govt to bring down stake in PSU banks to 52%: Jaitley")
OECD wants RBI to continue with tight monetary policy
In its Economic Outlook report, OECD said inflationary expectations are still high
 "OECD wants RBI to continue with tight monetary policy")
RBI to be dovish on Dec 2, but rate cut in Feb only
Report sees RBI achieving its inflation target of 8% by Jan 2015 and 6% by Jan 2016
 "RBI to be dovish on Dec 2, but rate cut in Feb only")
Muthoot Finance seeks Sebi nod to mop up Rs 400 cr via NCD
NCDs are loan-linked securities issued by a company and can't be converted into stocks
RBI offers more licences to foreign banks than local players: Chakrabarty
Number of foreign banks rose to 43 from 31 in 5 yrs. In comparison, only two Indian firms got approval to set up banks in April 2014 after a gap of nearly a decade
 "RBI offers more licences to foreign banks than local players: Chakrabarty")
Union Bank to charge own customers beyond 8 ATM transactions
It will be levying Rs 15 per, plus tax, from November 15
 "Union Bank to charge own customers beyond 8 ATM transactions")
Central Bank returns to profit
The bank reports net profit of Rs 103 cr in Sept quarter on lower provisioning and improvement in margins
 "Central Bank returns to profit")
Corp Bank to raise Rs 1,500 cr capital via Basel llI bonds in Q3
Funds to used to shore up capital adequacy; bank rules out equity offering in FY15
 "Corp Bank to raise Rs 1,500 cr capital via Basel llI bonds in Q3")