Page 1216 - Finance News

HDFC Pension Fund back in NPS race

Entities now required to match lowest bid; letters to be issued soon

Madhu Kapur challenges YES bank AGM resolutions

Madhu Kapur has challenged the appointment of directors and the reappointment of Rana Kapoor as managing director and chief executive of YES Bank

Govt bond auction devolves partially

Notified amount for auction was Rs 15,000 crore, devolvement to the extent of Rs 961.50 cr in the 8.27% 2020 paper

Bank unions meet FM, press for early wage revision

Union member claims IBA offered a 'meagre' 11% increase in pay-slip components, against union's demand of 25%

IOB gets shareholders nod to raise Rs 1,200 crore through QIP

To focus on reduction of NPA, implementation of multi pronged strategy to improve profitability

SIDBI to mop up Rs 18,000 crore during 2014-15

The institution is eyeing 20-25% growth in its direct finance portfolio in current FY

RBI to work on July 1 during annual closing of accounts

The central bank will be open for public transactions on July 1, 2014

IFCI to offload 26% stake in toll road in MP

IFCI seems to be on drive to liquidate non-core investments to unlock value in assets

Asset classification for infrastructure companies revised

This will give infrastructure firms more leeway on the financing front

Sharp rise in NPA sales to ARCs under lens

ARCs have also raised their acquisition price to 60-plus per cent of book value, compared with 25 per cent historically

RBI concerned at loan insurance, wants lending by cos in segment monitored

The central bank says such lending should be under a prudential framework, closely aligned with that for banks

SLR may be cut further

The move is not very positive for the bond market as yields will rise due to banks selling illiquid securities

Asset quality better but risks remain, says RBI

RBI says concerns remain over liquidity, profitability of banks

Banks to offload Leela loans to asset reconstruction firms

RBI sees better days ahead for economy

But says supply-side concerns need to be addressed; bank capital also a challenge

'Need to keep an eye on shadow banking entities'

In India, shadow banking entities essentially refer to the large number of unregulated companies that act as financial intermediaries, providing credit and generating liquidity in the system

IBPS recruitment poses language hurdle to banks

Plan to ask government to extend the last date for crop insurance

Street yet to warm up to 30-year bonds

PFs, insurance companies keen on parking funds

Bank deposits fall by Rs 30k crore; credit up

On year-on-year basis, both credit and deposit rise 14%

Dena Bank targets Rs 500 cr SME lending in UP

Bank has installed on-site ATMs in most of branches, intends to open 200 e-lobbies across India in addition to Cash Management Services