Page 1182 - Finance News
Vijaya Bank raises Rs 500 cr via bonds
The bank has shareholders nod to raise additional equity capital of Rs 600 crore from the markets
 "Vijaya Bank raises Rs 500 cr via bonds")
ICICI Bank Q2 net up 15% even as bad loans rise
The net interest income grew by 15% to Rs 4,657 crore
 "ICICI Bank Q2 net up 15% even as bad loans rise")
 "Rajan rate-cut bets spur Asia's biggest swap drop")
Bank credit dropped in 1st half of October
Though credit demand has been tepid for several quarters, this fortnightly dip came just ahead of the Diwali week, the main festive season for banks
 "Bank credit dropped in 1st half of October")
YES Bank enters home loan business
Move follows RBI's decision to allow banks to raise long-term resources to finance affordable housing
 "YES Bank enters home loan business")
Outlook for Indian banking system remains negative, says Moody's
The outlook pertains mainly to the public-sector banks, which represent more than 70% of total banking-system assets
 "Outlook for Indian banking system remains negative, says Moody's")
RBI auction awaited for launching new inflation indexed bond funds
In the current financial year, the Reserve Bank has not auctioned these bonds as the response last year was not positive
 "RBI auction awaited for launching new inflation indexed bond funds")
Banks suggest re-phasing of small business loans in Vizag
Say re-paying loans in smaller tranches will help small businesses
NRI investors sue ICICI Venture for $103 mn damages
Private equity firm ICICI Venture terms charges baseless; hearing to start in Mauritius SC on Nov 11
 "NRI investors sue ICICI Venture for $103 mn damages")
Asset quality pressure in retail NBFCs to stabilise only later this year: ICRA
These NBFCs continue to face a challenging period of subdued growth and build-up in delinquencies in first quarter of FY15
 "Asset quality pressure in retail NBFCs to stabilise only later this year: ICRA")
Cut in savings a/c interest rates may have no impact: Banks
Easing interest rates, high cost & customer behaviour reasons for rate revisions
Banks in a quandary over missing CMDs
Management of non-performing asset and recovery has also been affected due to lack of CMDs
 "Banks in a quandary over missing CMDs")
Shailendra Bhandari to step down from ING Vysya Bank
While his term was to end on August 31, 2015, he said he was leaving the company to pursue new challenges
 "Shailendra Bhandari to step down from ING Vysya Bank")
 "Bandhan to take a call on equity infusion by Dec")
Aggression by newcomers may hurt banking stability: S&P
Infrastructure lender IDFC and micro-lender Bandhan were chosen among two dozen applicants to enter the banking fray in February this year
 "Aggression by newcomers may hurt banking stability: S&P")
Govt denies extension to CMD of Punjab National Bank
KR Kamath, who joined PNB in October 2009, had another 13 months to superannuation
 "Govt denies extension to CMD of Punjab National Bank")
Dell family foundation invests in Bangalore-based Kinara Capital
Appoints Satyam Darmora as a member on Kinara Capital's board
Centre cancels selection of 6 govt bank chiefs by UPA
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft
 "Centre cancels selection of 6 govt bank chiefs by UPA")
KKR India Finance to tap debt market to raise funds
Reworks strategy; to issue debentures worth Rs 500 cr