Page 1222 - Finance News
Madhu Kapur writes to YES Bank shareholders
Urges them to vote against majority of resolutions at AGM
 "Madhu Kapur writes to YES Bank shareholders")
Bond yields fall to 4-month low
Rupee ended higher on Wednesday on foreign fund inflows into debt and equity, though a sharper rise was capped by heavy dollar demand from importers
 "Bond yields fall to 4-month low")
Canara Bank to turn some 600 branches to 5-star category
Bank has unveiled prototype branches in Tumkur, Bangalore
 "Canara Bank to turn some 600 branches to 5-star category")
Plan to cover unbanked GPs in the Odisha by June
Individual banks will be asked to submit an action plan for opening of branches in a time bound period
 "Plan to cover unbanked GPs in the Odisha by June")
Indian Banking System third most at risk with online malware: Report
US led the charts with 23% risk exposure, followed by Japan at 10% and India at 9%
 "Indian Banking System third most at risk with online malware: Report")
SBT revises FCNR term deposit interest rates
Interest rate on dollar deposits to be 1.53% for one year to less than two years, 1.52% for two years to less than three years
 "SBT revises FCNR term deposit interest rates")
Rajan holds rate, waits for govt to push growth
RBI has partially rolled back the capital controls it imposed last year after the rupee's rapid depreciation
 "Rajan holds rate, waits for govt to push growth")
Inflation risks balanced by expected govt action
Cut in export credit refinance aimed at moving away from sector-specific windows
Rupee seen weakening as RBI continues to intervene
The rupee ended at 59.39 to the dollar on Tuesday, compared with its previous close of 59.17
 "Rupee seen weakening as RBI continues to intervene")
Breather for banks' unhedged foreign currency exposures
RBI, however, clarified no such leeway would be available for capital requirements related to unhedged foreign currency exposures
 "Breather for banks' unhedged foreign currency exposures")
 "FM lauds Rajan for 'balanced' policy")
India Inc welcomes liquidity support
Say RBI cut the SLR cut keeping economic growth in mind
 "India Inc welcomes liquidity support")
Foreign portfolio investors get liquidity bonanza
They can hedge up to $10 mn over and above their exposure; trading volumes set to rise further
 "Foreign portfolio investors get liquidity bonanza")
Inflation not easing soon; rate hike likely by Dec: Analysts
Price pressures may remain sticky into year-end and could force the hand of the RBI to raise interest rates one more time: HSBC
Bandhan to go for listing after three years of banking
RBI has given us 18 months to start banking operations, says Chairman and MD
 "Bandhan to go for listing after three years of banking")
Bankers rule out lending rate reduction after SLR cut
Chanda Kochhar described the policy as very 'balanced' and 'pragmatic'
Realtors seek cut in interest rate to boost housing demand
CREDAI demanded a pro-growth stance on the policy rates for the development of a housing sector
Exporters split on RBI move to curb export credit refinance
Liquidity provided under the ECR facility will be cut from 50% of eligible export credit outstanding to 32%
Five takeaways from the RBI policy
Though inflation remains a concern, Rajan has prepared the grounds for future growth by reducing SLR
 "Five takeaways from the RBI policy")