Page 1203 - Finance News
RBI transfers almost entire surplus to govt
Practice is to give residual surplus after appropriation to Reserve Fund
 "RBI transfers almost entire surplus to govt")
IDBI Bank to open 19 more branches in Odisha
IDBI Bank has one dedicated credit processing centre in Bhubaneswar
 "IDBI Bank to open 19 more branches in Odisha")
IDBI Bank defends lending to Kingfisher
"The CBI enquiry relates to the advance made in 2008-09. This was the time when Kingfisher was doing well," the CMD said
 "IDBI Bank defends lending to Kingfisher")
SBI asked to pay Rs 5,000 for receiving double payment of EMIs
Delhi resident S Kochhar received double payment of EMI for months of March and April, 2011
 "SBI asked to pay Rs 5,000 for receiving double payment of EMIs")
Shankar to head IDFC's proposed bank rural foray
He will be heading the initiative called 'Bharat Bank'
 "Shankar to head IDFC's proposed bank rural foray")
 "Central bank eases norms for mortgage guarantee firms")
Lenders want to oversee Bhushan Steel operations
35 banks in fire-fighting mode to save Rs 40,000-cr exposure; consortium to meet soon to take call on external mgmt agency
 "Lenders want to oversee Bhushan Steel operations")
Western Union may apply for payments bank licence
We are definitely looking at applying for payments bank. It is an opportunity for us and we are visiting it: Kerry Agiasotis
 "Western Union may apply for payments bank licence")
State Bank net up 3.3% as bad loan pressure eases
Net interest income grows 15%; states' farm loan waiver promises a worry
 "State Bank net up 3.3% as bad loan pressure eases")
YES Bank appoints new chairperson
Bank assures court it will not make any further changes till the hearing is over
 "YES Bank appoints new chairperson")
Rajan warns of global assets crash
Warning that the current build-up of financial sector imbalances may cause sudden price reversals and sharp spikes in volatility
 "Rajan warns of global assets crash")
ING Vysya Bank stays away from retail housing finance
Trims home financing due to lower pricing, foreclosures
 "ING Vysya Bank stays away from retail housing finance")
Moderate growth likely for asset reconstruction firms
The assets under management of ARCs are expected to touch Rs 55,000 crore by June-end, 2015
RBI relaxes takeout financing norms for existing infrastructure loans
Loans will be eligible for takeout financing agreement is amount is minimum Rs 1,000 cr
 "RBI relaxes takeout financing norms for existing infrastructure loans")
SLR may be cut to 20% to support liquidity coverage norms
Participants believe if the impact on markets is significant, Reserve Bank might decide to stop cutting the SLR
 "SLR may be cut to 20% to support liquidity coverage norms")
Bond yield spike may hit banks' treasury profit
Rise in yield due to a combination of factors including a cut in SLR and sticky inflation outlook
 "Bond yield spike may hit banks' treasury profit")
K'taka banks to reschedule Rs 1,300 cr crop loans
It was important to extend a fresh line of credit so that the growers could plant these two fruits crops all over again
 "K'taka banks to reschedule Rs 1,300 cr crop loans")
RBI relaxes norms of refinancing long term project loans
New arrangement will be applicable on conditions that a minimum of 25% of the outstanding loan should be taken over in case of partial take-out
Forex market interventions not part of liquidity mgmt: RBI
Rajan says it is an opportunistic tool that sometimes comes into play
 "Forex market interventions not part of liquidity mgmt: RBI")
RBI looking for retail participation in G-sec market
RBI Governor Raghuram Rajan said he believed every new buyer of bonds need not be a foreign investor