Page 1227 - Finance News
RBI for 20% credit enhancement by banks to corporate bonds
Move to help funding infra projects; Limit on giving partial credit enhancement will be set at whichever is lower between two
 "RBI for 20% credit enhancement by banks to corporate bonds")
Customer protection code to be mandatory for banks: RBI
Banks to be accountable for mis-selling
 "Customer protection code to be mandatory for banks: RBI")
RBI chief floats policy balloons
Says PSB autonomy from govt would help, needed, thinks aloud on partial banks, financial inclusion
 "RBI chief floats policy balloons")
Inflation control tops RBI agenda for new govt
The Patel committee had suggested inflation targeting should be RBI's singular mandate and the central bank be accountable for meeting the target
 "Inflation control tops RBI agenda for new govt")
SKS Microfinance opens QIP issue
It will be worth Rs 400 cr; floor price fixed at Rs 235.06/share
 "SKS Microfinance opens QIP issue")
Kerala to ensure 'fair practice code' of NBFCs
State govt has decided to regulate functioning of non-banking financial companies and chit funds
 "Kerala to ensure 'fair practice code' of NBFCs")
ICICI Bank cuts home loan rates by 10 bps
Interest on loans up to Rs 75 lakh now on a par with SBI; new rates valid till June 30
 "ICICI Bank cuts home loan rates by 10 bps")
No SPV for raising capital from market: SBI
SBI, however, plans to set up a holding company for the purpose of raising capital
 "No SPV for raising capital from market: SBI")
 "PNB drops plans for Canada foray")
HDFC Bank to raise Rs 10,000 cr via fresh share issue
Experts believe that bank's decision to raise fresh capital augurs well for bank as it is in growth phase right now
 "HDFC Bank to raise Rs 10,000 cr via fresh share issue")
Govt likely to borrow Rs 80k cr more in FY15
In the 2014-15 interim Budget, gross market borrowings for this financial year were pegged at Rs 5.97 lakh cr
 "Govt likely to borrow Rs 80k cr more in FY15")
HCBL Bank denies Sahara link
The bank decided to clear air on the issue since it was widely believed that it was promoted by Sahara
 "HCBL Bank denies Sahara link")
Nayak report credit positive for state-run banks: Moody's
Last week, an RBI panel had suggested that the govt cut its holding in public sector banks to under 50%
 "Nayak report credit positive for state-run banks: Moody's")
 "Gains in rupee to be limited as RBI likely to continue intervention")
Bank deposits rise 14.8%, credit growth at 13.8%
Deposits of commercial banks stood at Rs 68,68,811 crore during the same period last year
 "Bank deposits rise 14.8%, credit growth at 13.8%")
Dena Bank eyes 20% rise in bottomline this fiscal
In FY14, the bank had registered a 15% growth in advances and 13% jump in deposits
 "Dena Bank eyes 20% rise in bottomline this fiscal")
 "ICICI Bank to charge customers for redeeming points on cards")
Credit Suisse close to guilty plea, $2.5-bn accord with US
The Zurich-based bank would pay about $1.7 bn to the Justice Department, at least $600 mn to the New York Department of Financial Services and $100 mn to the Federal Reserve
 "Credit Suisse close to guilty plea, $2.5-bn accord with US")
Standalone primary dealers eye term repo market
PDs underwrite and participate in auctions of government securities and Treasury bill
Non-interest income cushions earnings
Earnings from fees and commission, trading profit, etc, act as saviours
 "Non-interest income cushions earnings")