Page 1223 - Finance News
Call rates up as RBI sucks out excess liquidity
With intention to fight sticky inflation, RBI on Friday announced for first time a term reverse repo auction
 "Call rates up as RBI sucks out excess liquidity")
Free non-home bank ATM transactions may be cut to two
Bankers demand hike in interchange fee
 "Free non-home bank ATM transactions may be cut to two")
SBI eyes higher share in profits from overseas biz
The country's largest lender has 190 offices abroad
 "SBI eyes higher share in profits from overseas biz")
Indian Bank revises FCNR (B) interest rates
Revised interest rate has been fixed at 2.53% for deposits of one year and above but less than two years
 "Indian Bank revises FCNR (B) interest rates")
IndusInd Bank launches 'Video Branch'
Offering enables the customers to do a video conference with the bank staff
 "IndusInd Bank launches 'Video Branch'")
RBI flags high credit growth of some banks
BoI, Canara, BoB among those whose credit growth was much more than banking sector as a whole
 "RBI flags high credit growth of some banks")
NPAs of banks in Odisha mount to 7.69% by March, 2014
NPA rate in the state is the highest in case of agriculture term loans at 15.05%
 "NPAs of banks in Odisha mount to 7.69% by March, 2014")
Kotak Bank scouting for acquisition to trim promoter's stake
This will help the bank comply with the RBI diktat of reducing the promoter holding to 40% by September
 "Kotak Bank scouting for acquisition to trim promoter's stake")
RBI may maintain status quo in June 3 policy review
Reasons being inflation is still high and there is threat of monsoon being weak this time
 "RBI may maintain status quo in June 3 policy review")
Union Bank of India eyes QIP in July
Conducts credit review to free up more capital
 "Union Bank of India eyes QIP in July")
Bad loans a cause of concern: RBI Deputy Governor R Gandhi
The gross NPAs of the domestic banking system was 4.4% of gross advances, he said
 "Bad loans a cause of concern: RBI Deputy Governor R Gandhi")
NPAs of banks in Odisha mount to 7.69% by March
Slippages in farm sector, education loans push up state's bad loans above national average
 "NPAs of banks in Odisha mount to 7.69% by March")
Bad loan report: J&K Bank stock tanks over 18%
Even as the lender dismissed news of hiding bad loans, it admits a large account came under pressure in April
 "Bad loan report: J&K Bank stock tanks over 18%")
Syndicate Bank raises $400 mn
The total orderbook of the Offering was in excess of $3 billion and was oversubscribed 8 times
 "Syndicate Bank raises $400 mn")
YES Bank gets $500 mn via QIP
The bank issued 5.35 cr shares at Rs 550 per share which was at a premium to Thursday's close of Rs 548.15
 "YES Bank gets $500 mn via QIP")
ICICI Bank raises $250 million
The bonds maturing in May 2019 were priced at 5-year US treasury plus 185 basis points.
 "ICICI Bank raises $250 million")
Canara Bank aims to reach aggregate biz of Rs 8.50 lakh cr
Bank's business had touched Rs 7.22 lakh cr during 2013-14 fiscal
Micro finance industry's gross loan portfolio up 35% in FY14
NBFC-MFIs, other than those under corporate debt restructuring witnessed a growth of 51% in their gross loan portfolio
 "Micro finance industry's gross loan portfolio up 35% in FY14")
Kotak Mahindra bank founders sell 3.2% stake
Shares were bought by Canada Pension Plan Investment Board
YES Bank raises $500 million as investors lap up shares
Bids outnumbered shares on offer by five times, say bankers
 "YES Bank raises $500 million as investors lap up shares")