Page 1225 - Finance News
Banks may raise Rs 3-lakh cr in non-core capital by FY17: Icra
Icra said around 40% of the amount raised would be in Tier-II capital bonds, while the remaining would be in additional Tier-I capital bonds
 "Banks may raise Rs 3-lakh cr in non-core capital by FY17: Icra")
FIMBank plans to infuse $100 mn in India Factoring
FIMBank plans to increase the scope of its business in India
 "Rupee logs biggest drop in 2 months, falls 33p against the dollar")
Small pvt banks to opt for white-label ATM to reduce cost
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider
 "Small pvt banks to opt for white-label ATM to reduce cost")
Run up to monetary policy: Hawkish stance to weaken rupee
RBI governor Raghuram Rajan said that fighting inflation would continue to be a top priority for central bank
 "Run up to monetary policy: Hawkish stance to weaken rupee")
RBI asks Kotak Mahindra Bank to reduce promoter stake to 40% by Sep
Currently, 39.76% is directly owned by Uday Kotak, vice-chairman and managing director
 "RBI asks Kotak Mahindra Bank to reduce promoter stake to 40% by Sep")
Avanse to disburse Rs 250cr edn loans
Avanse said it planned to reach out to 2,500 students pan-India this year as against 600 it catered to last year
Piramal to merge private equity with NBFC business
The combined entity has deployed Rs 2,400 cr over the last three months
 "Piramal to merge private equity with NBFC business")
Bajaj Allianz Life Insurance gets AAA rating from CARE
Rating agency also said most of life insurance companies generally take longer period (typically 9 to 10 years) to breakeven
 "Bajaj Allianz Life Insurance gets AAA rating from CARE")
With IPO in sight, Catholic Syrian Bank tries to revamp
The bank is actively looking to shed its lazy, localised, old generation profile
 "With IPO in sight, Catholic Syrian Bank tries to revamp")
RBI to maintain status quo next week: BS POLL
Market participants expect retail inflation, at three-month high of 8.59% in April, to fall below 8% by Jan-March of 2015
 "RBI to maintain status quo next week: BS POLL")
Punjab bankers aim to widen financial services outreach
Rather than restricting banking correspondent as a tellar for banks, it should be deployed as a feasible instrument for increasing financial inclusion
 "Punjab bankers aim to widen financial services outreach")
RBI tightens M&A norms for NBFCs
RBI's prior approval will not be required if a NBFC is acquiring less than 10% of another entity
RBI tightens M&A norms for NBFCs
Earlier, only deposit taking NBFCs were required to have the central bank's prior approval
 "RBI tightens M&A norms for NBFCs")
India Post needs to apply afresh for bank licence
India Post was one among the 25 unsuccessful contenders for new bank licences
 "India Post needs to apply afresh for bank licence")
 "Promoter stakes in private banks: Case for a higher cap")
Private banks seek to cash in on wealth management
Home grown private lenders lining up offers to woo their customers with priority and privilege banking options
SBI surprises Street with dip in bad loans
Higher provisioning drags net profit down by 7.8% to Rs 3,040.74 crore
 "SBI surprises Street with dip in bad loans")
 "FIPB to decide on raising foreign investment in HDFC Bank")
Govt bonds record biggest weekly gain since Nov
That's biggest weekly drop for 10-year benchmark bond since five days ended Nov 29
 "Govt bonds record biggest weekly gain since Nov")