Page 1208 - Finance News
YES Bank wanted to remove Kapur as promoter: Counsel
Kapur's counsel presented copies of the correspondence between the two institutions during 2010-13 to challenge the promoter status of Kapur, the second largest shareholder
 "YES Bank wanted to remove Kapur as promoter: Counsel")
YES Bank Q1 net up 9.6% at Rs 439 cr
The total net income rose 6.3% to Rs 1,171 cr
 "YES Bank Q1 net up 9.6% at Rs 439 cr")
Finance Ministry wants banks to be exempt from CSR spend
Letter to corporate affairs ministry cites slowing economy, capital challenges
 "Finance Ministry wants banks to be exempt from CSR spend")
Syndicate Bank plans to raise Rs 1,100 cr via QIP
Will lead to dilution in govt's stake to around 62% from 67.4% now
 "Syndicate Bank plans to raise Rs 1,100 cr via QIP")
RBS names Brijesh Mehra country executive
Mehra is currently the head of international banking for India and South East Asia at RBS
 "RBS names Brijesh Mehra country executive")
 "Banks to set ceiling for loans against gold for non-agri use")
TReDS to help MSME finance, says RBI
Will facilitate discounting of both invoices as well as bills of exchange
RBI announces new regulatory framework for big banks
Due to their size, cross-jurisdictional activities, complexity, lack of substitutability and interconnectedness, such banks become systemically important
 "RBI announces new regulatory framework for big banks")
Differentiated banking licence: Local area banks hopeful on RBI move
Want scheduled bank status, more light on grey areas in draft proposals before applying to convert as small banks
IIT, IIM grads among 27,000 applicants for 15 Bandhan posts
A large number of applicants are already working in top positions at public and private sector banks, sources at Bandhan said
 "IIT, IIM grads among 27,000 applicants for 15 Bandhan posts")
RBI relaxes norms for loans against gold ornaments
On December 30, banks had restricted the loans of up to Rs 1 lakh against pledge of gold ornaments and jewellery
 "RBI relaxes norms for loans against gold ornaments")
TN files highest number of maintainable complaints with Banking Ombudsman
The number of complaints has witnessed an increase of 21% during 2013-14, says officials
 "TN files highest number of maintainable complaints with Banking Ombudsman")
Bond yields to ease on revenue mop-up
Jaitley said revenue targets for FY15 will be surpassed; market foresees hike in FII cap in govt bonds
 "Bond yields to ease on revenue mop-up")
Gradually build countercyclical buffers: RBI panel to banks
The report said the credit-to-gross domestic product (GDP) ratio would be used to take decisions related to the CCCB
Infra bond norms a plus for banks: Moody's
The banks with the largest exposure to infrastructure and mortgage loans are ICICI, Axis and State Bank of India
 "Infra bond norms a plus for banks: Moody's")
KBS Local Area Bank may become a small bank
Will decide following approval from shareholders, investors
 "KBS Local Area Bank may become a small bank")
Credit Suisse set for biggest loss since 2008 on tax fine
It agreed to pay $2.6 bn in penalties and is the first global bank in a decade to admit to a crime in a US courtroom
All you want to know about Small Banks and Payments Banks
Draft guidelines likely to benefit micro finance and telecom companies but it is unlikely to attract large NBFCs
Canara Bank to raise Rs 3000 crore via QIP issue in Q2
Board has already approved the placement and the Bank would take approval from the public shareholders today
 "Canara Bank to raise Rs 3000 crore via QIP issue in Q2")
Finance Ministry spanner in RBI's COO talks
Government asked Reserve Bank to discuss issue only at board meet attended by its nominees
 "Finance Ministry spanner in RBI's COO talks")