Page 1210 - Finance News
Housing finance market to now see more competition
Banks have an edge over housing finance companies (HFCs) due to access to relatively low cost funds raised through deposits
 "Housing finance market to now see more competition")
Infra bonds by banks: Investors' appetite seen limited
Icra estimates bonds issuances worth Rs 3.5 lakh crore in FY15
 "Infra bonds by banks: Investors' appetite seen limited")
 "Rupee ends steady, bonds gain")
NBFCs' bad loans jump to 1.9% in FY14: Icra
Advances growth down 57%
 "NBFCs' bad loans jump to 1.9% in FY14: Icra")
Bandhan gets more than 20000 applications for 15 posts
On July 2, Bandhan came up with an advertisement for recruitment
 "Bandhan gets more than 20000 applications for 15 posts")
ICICI Bank introduces convenient banking service for Indians migrating to Canada
Service also enables customer to transfer funds in ICICI Bank Canada account when in India
 "ICICI Bank introduces convenient banking service for Indians migrating to Canada")
BRICS joint forex action not discussed but 'worth thinking about': RBI
Leaders of five top emerging market economies agreed on Tuesday on a landmark deal to create a $100 bn development bank
 "BRICS joint forex action not discussed but 'worth thinking about': RBI")
 "Impact of RBI decision: Home loan borrowers, realtors to benefit")
SBI reduces bulk FD rates by 25 bps
Interest rate on fixed deposits up to 179 days cut 50 bps
 "SBI reduces bulk FD rates by 25 bps")
Fair value norms for share transactions by foreign investors eased
The fair value needs to be certified by a chartered accountant or a merchant banker registered with Sebi
 "Fair value norms for share transactions by foreign investors eased")
FinMin might split CMD post in govt-run banks
Sandhu says proposal likely to be cleared quickly
 "FinMin might split CMD post in govt-run banks")
RBI signals cheaper housing, infra loans
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
 "RBI signals cheaper housing, infra loans")
Impact of RBI decision: More funds for infra firms, at lower costs
Infra companies face re-financing risks that expose them to volatility in the interest rate cycle
 "Impact of RBI decision: More funds for infra firms, at lower costs")
Canara Bank wants to settle Deccan Chronicle debt issue at one go
Ready to withdraw ongoing cases in exchange for a quick settlement
 "Canara Bank wants to settle Deccan Chronicle debt issue at one go")
City Union Bank QIP subscribed 3 times
Sources said the bank has received around Rs 1,200 crore
 "City Union Bank QIP subscribed 3 times")
New financial inclusion plan on the anvil
Of the two bank accounts, one will have to be compulsorily opened in the name of a woman member
 "New financial inclusion plan on the anvil")
Large number of banks can co-exist with few big ones: Kochhar
Says most important thing is that we should not create regulatory arbitrage in the system
 "Large number of banks can co-exist with few big ones: Kochhar")
SBI cuts fixed deposit rate on select maturities by 0.5%
New rate will be effective from July 18
 "SBI cuts fixed deposit rate on select maturities by 0.5%")
City Union Bank QIP oversubscribed by two times
Bank planned to riase Rs 350 cr to support business growth and CAR
 "City Union Bank QIP oversubscribed by two times")
Banks working on setting up rural ATMs: R Gandhi
On the microfinance industry in Andhra Pradesh and Telangana, Gandhi said he expects normalcy to return in future
 "Banks working on setting up rural ATMs: R Gandhi")