Page 1229 - Finance News
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")
Vikram Akula's return to SKS Microfin all but over
SKS Trust not to insist on inducting Akula on the micro-lender's board
 "Vikram Akula's return to SKS Microfin all but over")
Give up control in state banks: Nayak panel to govt
For private banks, committee suggests 25% promoter stake
BOB Q4 net up 12.5% on better net interest income
Public sector lender reported flat growth (1.3%) in net profit for Fy14 at Rs 4,541 cr as against Rs 4,480 cr for FY13
 "BOB Q4 net up 12.5% on better net interest income")
Govt should cut stake in state banks to below 50%: RBI panel
The panel also asked for establishment of 'fully empowered' bank boards
Indian Bank to raise $350 mn MTN
Will look at raising Rs 1,000 cr from Central government
 "Indian Bank to raise $350 mn MTN")
State-run banks' bad loans improve in Jan-Mar quarter
Stressed loans total $100 billion or about 10% of all loans
 "State-run banks' bad loans improve in Jan-Mar quarter")
Chidambaram to review financial performance of public sector banks
FM will also review the performances of the PSBs with regard to the steps taken by them to reduce their NPAs and increase their recovery
 "Chidambaram to review financial performance of public sector banks")
Bank of Baroda eyes higher growth in FY15
Eyes Rs 12,00,000 cr business by March 2015
 "Bank of Baroda eyes higher growth in FY15")
Exit polls' ripple effect: Rupee seen gaining as lotus blooms
The Street had factored in the NDA win, owing to which the appreciation in the rupee is expected to be limited
 "Exit polls' ripple effect: Rupee seen gaining as lotus blooms")
Corporate a/cs yield higher return
Average cost of savings account deposit higher than maximum interest rate offered these banks on such deposit
 "Corporate a/cs yield higher return")
Banks can sell all structured derivatives abroad: RBI
The Reserve Bank of India said these products could only be sold in established financial markets
 "Banks can sell all structured derivatives abroad: RBI")
Corporation Bank biz crosses Rs 3 lakh crore
The capital adequacy ratio of the bank under Basel-III stood at 11.64 per cent with Tier-I capital at 8.14 per cent
 "Corporation Bank biz crosses Rs 3 lakh crore")
Banks' asset quality deteriorates in UP
NPA levels report increase
 "Banks' asset quality deteriorates in UP")
RBI says corporates should voluntarily access bond market
Suggestions seek RBI should make compulsory some funds requirement of these corporates met through bond market
 "RBI says corporates should voluntarily access bond market")
FM to review financial performance of PSBs
The review will cover overall credit growth, with particular reference to agricultural credit, MSME credit, housing loan, etc
 "FM to review financial performance of PSBs")
SCUF can take inorganic route to raise book size after Piramal fund infusion: MD
Piramal has invested around Rs 2,800 cr into the Rs 60,000 cr Shriram Group
 "SCUF can take inorganic route to raise book size after Piramal fund infusion: MD")
Mahila Bank says no need to raise capital at present
Govt has already provided Rs 1,000 cr seed money to bank, which started operations in November last year
 "Mahila Bank says no need to raise capital at present")
RBI allows banks to reschedule ECBs
The facility will be available for ECB raised both under the automatic and approval routes
 "RBI allows banks to reschedule ECBs")