Page 1204 - Finance News
Draft norms for small banks fail to cheer urban co-op banks
Want road map to convert into commercial bank
Norms tightened for asset reconstruction companies
RBI has said ARCs would get up to 6 months to plan recoveries from the non-performing assets acquired
 "Norms tightened for asset reconstruction companies")
Syndicate fallout: PSBs' small loans may be hit
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own
 "Syndicate fallout: PSBs' small loans may be hit")
Banks to ensure minimum remuneration to BCs
Over 220,000 BCs had been appointed by banks after the RBI pushed this as a cost-effective way of extending banking services to the unbanked villages
City Union Bank net profit up 10%
The bank is planning to up its FII limit in the wake of increased interest from these investors
 "City Union Bank net profit up 10%")
Bankers in K'taka agree to reschedule term loans of grape, pomegranate growers
Pomegranate and grape crops have been affected in 13 districts and 11 districts respectively
 "Bankers in K'taka agree to reschedule term loans of grape, pomegranate growers")
RBI's inspection into book of accounts is routine, says Syndicate Bank
The RBI is inspecting book of accounts under the AF-5 norms
 "RBI's inspection into book of accounts is routine, says Syndicate Bank")
RBI to cut down 'pre-emptions' to spur efficiency
Broader, longer term programme of five years, is that we should reduce the amount of pre-emptions we have in the system including SLR, says Rajan
 "RBI to cut down 'pre-emptions' to spur efficiency")
Royal Sundaram enters into bancassurance tie-up with DBS Bank
DBS will introduce the products of Royal Sundaram in all its branches
 "Royal Sundaram enters into bancassurance tie-up with DBS Bank")
Domestic factors to dictate rates: Rajan
Says RBI is not looking to scrap foreign investment levels in govt bonds
 "Domestic factors to dictate rates: Rajan")
Syndicate Bank fraud: Caution note for PSBs
Advisory will be issued to banks to cut role of intermediaries, remain transparent
 "Syndicate Bank fraud: Caution note for PSBs")
RBI signal in policy review: Forget rate cut this year
Inflation-wary Rajan maintains pause on repo rate; 50-bp SLR cut to release Rs 40,000 cr
 "RBI signal in policy review: Forget rate cut this year")
 "RBI seeks more info from Andhra govt on farm loan recast")
RBI policy: A wait & watch approach
Risks on account of the monsoon may have been mitigated, though not entirely dispelled, says RBI
 "RBI policy: A wait & watch approach")
Uncertainty over monsoon could stoke food inflation: RBI
However, expressed the hope that govt policies will improve supplies in the coming months
 "Uncertainty over monsoon could stoke food inflation: RBI")
Rajan hints at more SLR reductions as fiscal metrics improve
RBI cut SLR by 50 basis points to 22%
 "Rajan hints at more SLR reductions as fiscal metrics improve")
Interest-rate sensitive stocks gain up to 9% after RBI policy
Shares of Housing Development and Infrastructure Ltd soared 8.63%, while Unitech surged 6.36%
 "Interest-rate sensitive stocks gain up to 9% after RBI policy")
Banks in Odisha urged to use state data for opening accounts
To extend banking facility to all panchayats, the state has assured that banks would be provided space in panchayat buildings and Rajiv Gandhi Seva Kendras free of cost
India Inc disappointed with RBI's status-quo on rates
Say high cost of credit is dissuading industry from capacity expansion
 "India Inc disappointed with RBI's status-quo on rates")