Page 1233 - Finance News
RBI might not push bond index plan
With comfortable FX reserves now, and the need to avoid volatility in segment flows, logic in postponing the idea
 "FIPB likely to reject HDFC Bank's proposal to increase FDI")
Hearing on YES Bank case to continue today
At a meeting last week, the YES Bank board had maintained its stance of not considering Madhu Kapur as co-promoter
 "Hearing on YES Bank case to continue today")
RBI may have a 5th deputy governor
Central bank might also add three more executive directors
 "RBI may have a 5th deputy governor")
Promoters of Sundaram Home Finance infused Rs 80 crore
Company plans to raise Rs 3,800 crore through different modes
 "Promoters of Sundaram Home Finance infused Rs 80 crore")
RBI to conduct term repo auctions for Rs 75,000 cr on Friday
These will be a 7-day term repo auction for Rs 15,000 cr and a 14-day term repo auction for Rs 60,000 cr
 "RBI to conduct term repo auctions for Rs 75,000 cr on Friday")
YES Bank's stance on Madhu Kapur dims hope for out-of-court settlement
Bank arguing that banking not a family business and 'financial family successors' do not automatically become part of promoter group of a bank due to regulatory criteria
 "YES Bank's stance on Madhu Kapur dims hope for out-of-court settlement")
IDFC's balance sheet to stay flat in FY15
Begins work with infra project promoters to sell assets
 "IDFC's balance sheet to stay flat in FY15")
Canara Bank may raise cash to fund business
Canara Bank received Rs 500 crore from the government recently
 "Canara Bank may raise cash to fund business")
SBT net profit drops 50% in FY14, business crosses Rs 1,60,000 cr
The net profit for the fourth quarter is Rs 48.58 cr, as against Rs 165.98 cr of the corresponding period last year
SBH to expand network
Telangana contributes Rs 90,000 cr and Seemandhra Rs 25,000 cr to the annual business of State Bank of Hyderabad
Private banks shun ARC route to offload bad assets
State-run banks, which are sitting on a mountain of bad loans, have sold as much as over Rs 10,000 crore to ARCs in the March quarter
 "Private banks shun ARC route to offload bad assets")
FinMin directs banks to deal firmly with fraud, wilful default
Banks have to make all out efforts for NPA recovery and reducing level of NPA and cost of funds, says Financial Services Secretary
 "FinMin directs banks to deal firmly with fraud, wilful default")
SBT records 13.68% YOY op-profit growth
For year ended March 31, 2014, the bank earned a total income of Rs.10,558.49 crore
 "SBT records 13.68% YOY op-profit growth")
Rajan went with panel view on status quo
RBI has been placing the main points of discussions of the meetings of TAC on monetary policy in the public domain with a lag of roughly four weeks after the meeting
 "Rajan went with panel view on status quo")
RBI appoints three new EDs
Re-allocates dy governor Chakrabarty's portfolios who retired today
Top-3 pvt banks live up to expectations
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality
 "Top-3 pvt banks live up to expectations")
5 key takeaways from ICICI Bank results
ICICI Bank's management said that they are currently at the peak of bad load addition and NPA addition in FY15 will be lower than FY14
 "5 key takeaways from ICICI Bank results")
RBI clamps down on offshore refinancing
Move to impact several financings in the market that feature standby letters of credit from Indian lenders
 "RBI clamps down on offshore refinancing")
Much remains to be done on financial inclusion: Chakrabarty
Says he is satisfied with whatever he has done but a lot of ground has to be covered
 "Much remains to be done on financial inclusion: Chakrabarty")