Page 1207 - Finance News
 "Profitability of PSBs under stress")
 "New 10-year bond priced at 8.4% coupon rate")
Bank of India to raise Rs 2,500 cr
The tenure of the bonds is 10 years with a call option at the end of the 10th year
 "Bank of India to raise Rs 2,500 cr")
ICICI Bank may raise Rs 1,000 cr via infra bonds
The lender is planning to issue 10-year bonds worth Rs 500 cr with an equal over-allotment option, people familiar with the development
 "ICICI Bank may raise Rs 1,000 cr via infra bonds")
State-run banks' profitability remains under stress
Rise in bad loans, higher provisioning and loss on sale of investments have dragged down their earnings growth
 "State-run banks' profitability remains under stress")
ICICI Bank to raise at least Rs 500 cr in bonds for infra lending
The deal could be expanded via a greenshoe option, say sources
PNB Q1 net up 10% at Rs 1,405 crore
Asset quality worsens, gross NPAs rise to 5.48% from 5.25% q-o-q
 "PNB Q1 net up 10% at Rs 1,405 crore")
RBI likely to maintain status quo in August policy: SBI chief
Says for the current fiscal, the bank has not taken a decision on how much to raise
 "RBI likely to maintain status quo in August policy: SBI chief")
 "H R Khan for banks' freedom to plan financial inclusion")
Sub-investment grade firms in dollar rush
Greenko, Rolta & Global Cloud Xchange lead way in tapping foreign bond market; bankers say mid-sized firms to raise $4 bn in a few months
 "Sub-investment grade firms in dollar rush")
RBI asks promoters to choose between NBFC and bank
RBI had said it would only allow a bank to have an NBFC as a subsidiary if it undertakes certain activities such as credit cards
 "RBI asks promoters to choose between NBFC and bank")
Credit off-take to improve in second half: SBH
Bank is currently collecting the data on loan dues and providing information to the government
 "Credit off-take to improve in second half: SBH")
UCO Bank to give finance lifeline to farmers
Establishment of greenhouses on one acre costs Rs 35-40 lakh and banks are generally hesitant to finance such high-value farming operations
 "UCO Bank to give finance lifeline to farmers")
Muthoot Fincorp welcomes RBI directive
Looks at it as a positive move towards introducing basic banking facilities to the unbanked population in India
 "Muthoot Fincorp welcomes RBI directive")
Credit pick-up gathers steam for second fortnight at 14%
Deposits of commercial banks stood at Rs 70,60,636 crore in the year ago period
 "Credit pick-up gathers steam for second fortnight at 14%")
Standard Chartered dismisses media rumours on succession plans
bank said robust and considered succession plans for all of the senior leaders were in place
Private banks gear up to issue infra bonds
On Wednesday, YES Bank's board approved raising Rs 3,000 crore through long-term bonds. Even Axis Bank had announced similar plans on Tuesday
 "Private banks gear up to issue infra bonds")
RBI raises FII sub-limit in govt bonds by $5 bn
The overall limit for FII investment in government bonds has been kept unchanged at $30 bn
 "RBI raises FII sub-limit in govt bonds by $5 bn")
Janalakshmi Financial set for a record PE fund raise
May scale the target to as much as Rs 600 cr
 "Janalakshmi Financial set for a record PE fund raise")
L&T Fin: NPAs dampen stable loan growth, credit costs
Gross NPA rose 39 bps sequentially to 3.57% on the back of continued stress in CV, construction equipment and corporate segment
 "L&T Fin: NPAs dampen stable loan growth, credit costs")