Page 1213 - Finance News
Rupee dips due to pre-Budget caution
Monday saw rupee's biggest single-day fall in nearly three weeks
 "Rupee dips due to pre-Budget caution")
Banks look at expanding digital branch footprint
Some even plan to take digital branches to smaller towns and cities
 "Banks look at expanding digital branch footprint")
Norms later this year on differentiated licences: RBI
Till now, RBI only grants full banking licence which are given within a particular time frame
 "Norms later this year on differentiated licences: RBI")
Retail interest soars in SIB, 20.5 million shares transacted today
The market today closed at Rs 34.35, up 5.53%
 "Retail interest soars in SIB, 20.5 million shares transacted today")
US fund manager Pabrai buys 19.6 mn shares of South Indian Bank
South Indian Bank's strong regional presence and good technology network are said to have attracted Mohnish Pabrai
Super regulator might soon become a reality; roadmap on FSLRC soon
FSLRC has recommended a unified regulator for the financial sector, while creating another layer of oversight in the form of FSAT
 "Super regulator might soon become a reality; roadmap on FSLRC soon")
ICICI to open China, S-Africa branches this fiscal: Kochhar
The bank already has branches in the US, Singapore, Hong Kong, Bahrain, Sri Lanka, Dubai and Qatar among others
 "ICICI to open China, S-Africa branches this fiscal: Kochhar")
Dena Bank seeks Rs 1,200 cr fresh capital from govt
Bank's total capital adequacy ratio stands at 11.14% while the tier-I capital adequacy ratio stands at 7.43%
 "Dena Bank seeks Rs 1,200 cr fresh capital from govt")
IFC to infuse Rs 160 cr into Bandhan
"IFC already holds 11% stake in Bandhan. They are interested in further financial participation," Bandhan chairman said
 "IFC to infuse Rs 160 cr into Bandhan")
Shriram Transport Finance betting big on mining sector
STFC, largest asset financing NBFC in country, had registered a drop of 7% in its net profit at Rs 1,357.94 cr in 2013-14
 "Shriram Transport Finance betting big on mining sector")
Universal Sompo launches loan secure insurance for Dena Bank
The product will safeguard the financial assets of banks and prevent accounts from becoming non-performing assets
Kaushal is new IDFC risk officer
Kaushal has taken charge from 1st July 2014 onwards
 "Kaushal is new IDFC risk officer")
 "RBI yet to approve YES Bank board appointments")
JM Financial pays Rs 865 crore upfront for Leela loans
The amount is 20% of the purchase price that another JM group firm has paid for a 97% stake in the hotel
 "JM Financial pays Rs 865 crore upfront for Leela loans")
Bankers' committee draws plan to cover all unbanked gram panchayats
Bankers want 5 years to open branches
 "Bankers' committee draws plan to cover all unbanked gram panchayats")
Kakinada co-op bank cuts lending rates
Says the move is aimed at generating additional revenues on its funds
RBI to issue guidelines for bank licences this year
Deputy Governor says assessment of monsoon rains on economy would not be carried out until later
 "RBI to issue guidelines for bank licences this year")
 "SBI's farm credit faces default pressures on debt wavier plans")
Despite pay cut, IDFC's Rajiv Lall gives bankers a run for their money
At Rs 5.55 cr, his salary is 2nd only to that of HDFC Bank's Aditya Puri
 "Despite pay cut, IDFC's Rajiv Lall gives bankers a run for their money")
 "RBI's H R Khan gets 2-year extension")