Page 1206 - Finance News
SBI Caps to make report on PSU bank merger within a month
It has been given two assignments by the govt, one is on the recapitalisation and other on bank consolidation
 "SBI Caps to make report on PSU bank merger within a month")
Andhra govt exploring other options on farm loan recast
RBI had stated there was no case to restructure crop loans in the state, as yields in areas declared calamity-hit pointed to a different story
 "Andhra govt exploring other options on farm loan recast")
IDFC seeks clarity from RBI on infra bond norms
The company is in the process of becoming a bank
 "IDFC seeks clarity from RBI on infra bond norms")
HSBC closes Muslim accounts in the UK
They wrote to Muslim organisations saying that to continue providing services would be outside the bank's 'risk appetite'
 "HSBC closes Muslim accounts in the UK")
Rajiv Lall to be MD of IDFC's bank
Existing shareholders to get equivalent share in the proposed bank
 "Rajiv Lall to be MD of IDFC's bank")
 "Bank of Baroda installs cash-recycling ATMs")
DCB Bank aims to double balance sheet in 3 years
The bank had closed the first quarter (April-June) of this financial year with total assets of Rs 12,884 cr
 "DCB Bank aims to double balance sheet in 3 years")
ICICI likely to place infra bonds up to Rs 3,000 cr with LIC
Experts believe the money raised by the bank will be used to further grow its housing loan portfolio
 "ICICI likely to place infra bonds up to Rs 3,000 cr with LIC")
Reserve Bank reverts to multiple price bids for bond auctions
Aggressive pricing of new 10-yr bond, better fiscal outlook, seen as likely reasons
 "Reserve Bank reverts to multiple price bids for bond auctions")
 "Can the elephants dance?")
SBM net profit up 44% to Rs 75 crore in Q1
The bank plans to raise Rs 500 crore through a rights issue to augment Tier-I capital during the Q3
 "SBM net profit up 44% to Rs 75 crore in Q1")
Vijaya Bank net up 21.9% to Rs 161.46 crore in Q1
The Bank plans to raise Rs 600 capital under Tier-I and Rs 500 crore under Tier-II
 "Vijaya Bank net up 21.9% to Rs 161.46 crore in Q1")
Bank of Baroda net profit rises 17% to Rs 1,362 crore
Healthy interest income helps the PSU bank beat market expectations
Over Rs 3,350-cr worth NPAs with Union Bank of India
The bank, however, declined to share the names of the defaulters citing 'commercial confidence'
 "Over Rs 3,350-cr worth NPAs with Union Bank of India")
RBI cancels licenses of six Delhi-based NBFCs
However, the central bank did not provide any reasons for the cancellation of certificate of registration
 "RBI cancels licenses of six Delhi-based NBFCs")
No proposal for merger of United Bank with IDBI Bank
No negotiations are taking place for the merger of the bank with any other bank: United Bank
 "No proposal for merger of United Bank with IDBI Bank")
Central Bank to sell 4% stake to LIC for Rs 581 cr
Will help meet the bank's capital requirement of Rs 2,000 crore this fiscal
 "Central Bank to sell 4% stake to LIC for Rs 581 cr")
Exim Bank wants RBI to hike its leverage ratio by 50%
Currently, RBI allows the Exim Bank to leverage only 10 times of its net-owned funds, which it wants to be hiked to at least 15 times
 "Exim Bank wants RBI to hike its leverage ratio by 50%")
Banks not allowed to trade in bonds for infra lending: RBI
Central bank would prefer that these bonds for infra lending attract investors from outside the banking sector
 "Banks not allowed to trade in bonds for infra lending: RBI")
 "RBI fines 12 banks in DCHL loan default case")