Page 1228 - Finance News
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")
State banks to seek market funds on Modi growth hopes
Are betting on revival in credit demand
 "State banks to seek market funds on Modi growth hopes")
Lakshmi Vilas Bank Q4 net 23% at Rs 21 cr
Total income up 11%; gross NPA rises to 4.19%
 "Lakshmi Vilas Bank Q4 net 23% at Rs 21 cr")
'India Post can apply again for bank licence under new norms'
India Post had applied for a bank licence under RBI guidelines issued in February 22, 2013
 "'India Post can apply again for bank licence under new norms'")
All govt banks violate Sebi listing norms, says Nayak
The former Axis bank and Morgan Stanley India head says one of the main focus of the report was to level the playing field for public sector banks
 "All govt banks violate Sebi listing norms, says Nayak")
RBI panel report boosts public sector bank shares
Govt stake could be lowered to 50% if recommendation accepted
 "RBI panel report boosts public sector bank shares")
 "PEs bullish on Indian banking sector")
Diving gold prices may not hit banks' asset quality
Cautious lending, lower LTV have reduced asset quality risks, bankers claim
 "Diving gold prices may not hit banks' asset quality")
Reserve Bank breather for 3 microfinance institutions
SHARE, Asmitha and Spandana get central bank nod for additional capitalisation till FY16
 "Reserve Bank breather for 3 microfinance institutions")
Union trashes Nayak panel report on governance in banks
AIBEA on warpath against advise to "privatise" public sector banks
 "Union trashes Nayak panel report on governance in banks")
UBI files winding up petition against REI Agro
The state-run lender has been making efforts to recover money from REI Agro, which processes and markets basmati rice
 "UBI files winding up petition against REI Agro")
Lucknow-based bank denies management control by Sahara Group
Bank says it's an 'autonomous banking institution' functioning under dual regulation of RBI and UP Cooperative department
 "Lucknow-based bank denies management control by Sahara Group")
Nayak panel wants RBI to let banks decide when to go public
Says premature listing could be damaging to the interest of the incoming minority shareholders
 "Nayak panel wants RBI to let banks decide when to go public")
Time is ripe to set PSU banks free of government intervention
A new government can set the house in order as it will have five years to work with the banks.
 "Time is ripe to set PSU banks free of government intervention")
Bandhan appoints Deloitte as consultant for banking foray
Deloitte would work with a core internal team of 30 members at Bandhan to prepare the blueprint over the next 18 months
 "Bandhan appoints Deloitte as consultant for banking foray")
RBL Bank appoints Rama Bijapurkar as independent director
Bijapurkar is an expert on market strategy and India's consumer economy
 "RBL Bank appoints Rama Bijapurkar as independent director")
Madhu Kapur accuses Rana Kapoor of misusing his post at YES Bank
Requests RBI not to allow selection of chairman and MD without co-promoters' joint nomination; YES Bank dismisses allegations
 "Madhu Kapur accuses Rana Kapoor of misusing his post at YES Bank")
Reserve Bank likely to maintain status quo
Inflows are neutralized with intervention in forward market; $1.5 bn daily intervention seen
 "Reserve Bank likely to maintain status quo")