Page 1187 - Finance News
Low base to boost Q2 earnings
However, muted demand, pressure on margins remain a worry
 "Low base to boost Q2 earnings")
Now, transfer money via Facebook
Hyderabad firm Digitsecure launches online and mobile social wallet platform that enables payments, money transfers between FB, BBM users
 "Now, transfer money via Facebook")
RBI gets 3 new EDs
With new appointments, the number of executive directors has risen to 11
 "RBI gets 3 new EDs")
ADB to help AP set up industrial zones with $ 2.5-billion outlay
Project will include developing five industrial zones as part of the Visakhapatnam-Chennai industrial corridor
 "ADB to help AP set up industrial zones with $ 2.5-billion outlay")
FinMin asks banks to tighten norms for high value FDs
The ministry would like banks to make a full-proof arrangement for high value FDs, including due diligence of KYC details
FCCBs face banker resistance
With share market up, firms are again interested in raising money this way but credit is going to be a problem, given recent history
 "FCCBs face banker resistance")
Festival fails to cheer loans
2014 sees slowest start to festival season in at least 7 years
 "Festival fails to cheer loans")
FCCBs return with stronger rupee, rising markets
Indian companies raised only $129 mn raised in 2013 and just $16 mn raised till date in 2014
 "FCCBs return with stronger rupee, rising markets")
Call money rates shoot up due to bank holidays
During intra-day trade the rate touched a high of 8.5% after opening at 8%
 "Call money rates shoot up due to bank holidays")
 "Why Ben Bernanke can't refinance his mortgage")
 "UBS faces fine of up to $6.3 bn in French tax probe: Paper")
IFCI postpones NSE stake sale
Lower-than-expected bids force firm to postpone the process
 "IFCI postpones NSE stake sale")
Tough call for weak PSBs to raise equity: Fitch
May have to opt for AT1 bonds for capital needs
 "Tough call for weak PSBs to raise equity: Fitch")
Infosys launches new solution for banks
Banks increasingly looking for automated solutions as global spend on reconciliation expected to reach $1.27 bn by 2017
 "Infosys launches new solution for banks")
Banks need $200 bn capital in next 5 years: Fitch
Rating agency expects improvement in asset quality of Indian banks with pick up in economic growth
 "Banks need $200 bn capital in next 5 years: Fitch")
Bond markets pricing in US rate rise: Reserve Bank
Monetary stance will be guided by domestic inflation outlook, says Urjit Patel
 "Bond markets pricing in US rate rise: Reserve Bank")
RBI not biased towards either raising or cutting rates: Rajan
Says action will depend on inflation data
 "RBI not biased towards either raising or cutting rates: Rajan")
PSBs may soon raise funds to meet capital needs
The government has provided for Rs 11,200 cr for bank capitalisation in the Budget for the current financial year
 "PSBs may soon raise funds to meet capital needs")