Page 1218 - Finance News

Sebi hopes anti-ponzi ordinance would become a law soon

Sinha said that a large number of illegal deposit-taking schemes were still defrauding the investors

SEBI demands tax concessions on real estate investment trusts

Seeks clarity on taxation of FIIs in infrastructure corporate bonds

IFCI to cut stake in NSE, exit from broking subsidiary

At present IFCI holds 8.4% stake in NSE

RBI allows foreign portfolio investors to hedge currency risks

The Reserve Bank has relaxed norms for banks' proprietary positions

FinMin mulls fixed 5-year term for PSB chiefs

And, 3 years for EDs, beside changes in selection criteria for boards; proposals discussed with Finance Minister Arun Jaitley

Banks in Tamil Nadu report 119% credit-deposit ratio

The ratio is one of the highest in the country; total credit up by 13.5%

HSBC cuts ties with direct sales agents

Move has led to a deceleration in customer addition, with its client base remaining more or less same at one million

Corporate bond issues hit 5-year low in May

As per data, corporates raised a mere Rs 9,070 cr in May compared with Rs 33,758.64 cr in the same month a year ago

IFMR to raise Rs 100 cr for its financial inclusion-led fund

IFMR Investment Managers Private Limited is promoted by IFMR Trust, which is part of the Institute for Financial Management and Research (IFMR), a business school located in Chennai

Telangana mulls technology bank

The Technology Development Bank would provide seed fund to budding entrepreneurs to float companies in and around Hyderabad

Meeting on wage settlement with IBA turned futile: Bank Employees Union

Recovering large NPAs could help Banks to pay increase in pay slip components

JPMorgan's investment bank ranked top

The US bank came ahead of Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Citi, by sector analytics firm Coalition

Priority sector credit disbursals rise 22% in Karnataka in FY14

Banks have achieved 30% growth in credit disbursal under agriculture sector at Rs 45,753 cr

Public sector lenders' NPAs may shoot up again: Icra

The report also warned that PSBs' fresh NPA generation rate may remain at elevated levels in the short-term

Public sector lenders NPAs may shoot up again: Icra

In the last financial, public sector banks had been facing huge pressure on profitability front due to rising bad loans

Asset quality risks from power sector weaknesses to continue: Moody's

Says poor financial health of discoms in India is one of the key factors weighing on the asset quality of the country's banks

UBI plans to raise up to Rs 1,000 crore via QIP, rights issue

This is in addition to Rs 575 crore it aims to raise by issuing equity shares on a preferential basis to the government and LIC

Reliance Capital exits low yielding car loan financing business

Focuses on high yielding segments in rural areas

DBS seeks easier priority sector norms for foreign banks

RBI had said the priority sector lending requirement for foreign banks would be 40%, like their Indian counterparts

Private banks double headcount in 5 yrs

Fresh hiring might slow as banks likely to focus on improving efficiencies