Page 1209 - Finance News

ARC markets see bold moves by newer entities

Rupee third on fake foreign currency list in Switzerland

Rupee seen weakening further, yields might rise

Due to the ongoing issues in Ukraine, Israel-Palestine and Iraq, the rupee might be volatile in the coming weeks

Set to grow faster, but won't sacrifice profitability: ICICI Bk

ICICI Bank is currently India's second largest bank after state-run SBI

FinMin may tweak proposal to double tax on debt MFs

Also the tax department is considering to exempt past investments whose redemptions would be made by March 2015

SBI chief flags off 'home loan on wheels' in city

Two vans will display various home loan products by the bank to the public in Chennai

Bandhan gets 25,000 applications for 15 posts in proposed bank

Several top-notch execs of corporate world expressed interest in joining, the MFI claims

Norms on small banks fail to impress micro lenders

Forex reserves rise $643 mn to $317 bn

Biyani may apply for payment bank

Move comes after Reserve Bank said it would allow NBFCs, mobile phone firms and supermarket chains to operate payment banks

Profitability of payment banks under question

Payment banks are expected to offer only demand deposits - current account and savings deposit products and not fixed deposits

G-secs trading volumes to rise with payment banks

NBFCs perceive several constraints

NBFCs are not happy with the restrictions on branch expansion in the draft norms on licensing of small banks released by the RBI on Thursday

Small banks will provide big push to financial inclusion: Deloitte

Last evening, the central bank issued draft guidelines for setting up of payment banks, which will cater to the marginalised sections of society

HDFC Fund raises $250 mn for realty investments

The fund will invest in residential property development across India

Pvt NPS bids: DSP BlackRock, Tata Asset Mgmt opt out

Final letters issuance to be decided by regulator today, beside draft guidelines for operations

Individual 'can buy' immovable properties aboard under LRS

Call rates fall due to liquidity push

The central bank conducts three term repos in July, infusing Rs 76,000 cr

SC refuses to stay Madhu Kapur-YES Bank case in HC

The court posted the appeal for the final hearing in January next year

RBI sets stiff terms for niche bank licences

Draft norms set Rs 100 cr as minimum capital, allow corporates to open payment banks