Page 1205 - Finance News

Syndicate Bank to rejig International Business strategy

Overseas loan book grew from Rs 27,244 cr in June 2013 (Q1 of FY14) to Rs 36,759 cr in June 2014 (Q1 of Fy15)

Srei's Q1 consolidated net profit rises 35% to Rs 64 cr

Consolidated total income stands at Rs 943 cr in April-June period, up 20% from a year ago

Indian banks scale down Singapore exposure

Move comes after the country's monetary authority tightened credit norms

RBI to offer clarity on CEO age: IndusInd Bank MD

For whole-time directors (including CEO) no maximum age is specified and decisions have been taken on a case to case basis

Odisha govt forms panel to implement financial inclusion plan

The plan, likely to be launched in August 15 by the Prime Minister Narendra Modi, aims to open 20 crore accounts under a mission mode

RBI cautions against two firms claiming to be NBFCs

The public notice was issued by deputy general manager, RBI, Ahmedabad, on August 2

RBS India pre-tax profit jumps 58% to Rs 662 cr in FY14

It has been a mixed bag for foreign banks on earnings front in Asia's third largest economy

Govt probes money laundering through Hong Kong banks

The DRI claimed that certain traders submitted bills of imports for consignments that never reached Indian shores

RBI to continue increasing forex reserves cover: BofA-ML

The forex reserves touched $320.564 billion in the week to July 25, a tad below the all-time high of $321 billion in September 2011

RBI likely to keep interest rate unchanged in Tueday's review

The food inflation remaining over 8% mark will weigh heavily on the Reserve Bank

India Inc expects marginal relief in interest rates by RBI: Survey

RBI's next credit policy review is scheduled on August 5

Syndicate Bank chief held on allegations of bribery

CBI says Jain enhanced credit limit to private companies, in violation of regulations; Vipul Agarwal of Prakash Industries, along with several other entities, has also been arrested

Syndicate Bank Q1 net up 7.3%

The net NPAs ratio went up to 1.88% as against 1.19% a year ago quarter

RBI's bond auction devolves partially

In Friday's auction, the central bank had switched from uniform-price method to multiple-price method

Banks allowed 5 years to cover unbanked panchayats

Odisha govt has extended time limit for opening of bank branches in 4,597 unbanked gram panchayats in state from three years to five years

6 PSU banks incurred Rs 1900cr loss on crop loan till June 2014: Govt

The scheme was started in order to provide affordable credit to farmers

Bad loans of PSU banks mounted due to economic slow down: FM

Says total gross NPA ratio has gone up to 4.03% in 2013-14

Expect turbulence with public sector bank mergers

The resistance from bank staff and employees' unions and local political interest could pose a formidable challenge

Stake dilution in govt banks to start in November: Sandhu

State Bank of India is also expected to tap the markets this year

Andhra Bank to raise Rs 1,000 cr via infrastructure bonds

CRISIL has assigned its 'AA+/Stable' rating to the Rs 1,000-cr long-term infrastructure bonds of the Andhra Bank