Page 1234 - Finance News
YES Bank appoints 2 new independent directors
Madhu Kapur likely to challenge the new appointments, say sources
 "YES Bank appoints 2 new independent directors")
IndusInd Bank to foray into asset reconstruction
IndusInd Bank is currently in the process of allocating capital for the asset reconstruction business
 "IndusInd Bank to foray into asset reconstruction")
Granting licences to corporate sector is tricky: K C Chakrabarty
Interview with Deputy governor, RBI
 "Granting licences to corporate sector is tricky: K C Chakrabarty")
Buzz over stake sale by YES Bank promoters gets louder
YES Bank promoters held 25.55-per cent stake in the bank at the end of March, 2014
 "Buzz over stake sale by YES Bank promoters gets louder")
RBI prescribes uniform accounting norms for asset reconstruction firms
The new norms will be effective from accounting year 2014-15
 "RBI prescribes uniform accounting norms for asset reconstruction firms")
YES Bank may raise Rs 3k cr
The money will also be used to finance the lender's network expansion
 "YES Bank may raise Rs 3k cr")
FIPB defers call on HDFC Bank's plan to raise FII limit
The bank had proposed to increase its FII limit to 67.55% from about 51% at present
 "FIPB defers call on HDFC Bank's plan to raise FII limit")
Allahabad Bank awaits govt nod to raise Rs 320 cr
Official says bank not in immediate need of funds as corporate credit demand continues to remain tepid
 "Allahabad Bank awaits govt nod to raise Rs 320 cr")
OSCB sets 12% higher farm loan target for current year
The bank had targeted to provide the crop loan Rs 7,000-cr during 2013-14 which included Rs 3,500-cr each for Kharif and Rabi agriculture season
 "OSCB sets 12% higher farm loan target for current year")
RBI panel moots centralised bill payment system
The system will provide accessible services across all parts of the country through a strong network of operational units/agents who will ensure in making this service accessible in urban as well as r
Overnight rates stay firm amid weekly bond auctions
The touched a high of 8.9% with the weighted average rate at 8.45%
10-15% cards used only for online transactions: RBI report
According to MasterCard, 75% of all card payments are concentrated in top 20 cities with Delhi, Mumbai and their suburbs alone accounting for 43%
 "10-15% cards used only for online transactions: RBI report")
UCO Bank aims to grow loans, deposits by 20-22%
Says will be able to maintain NIM at around 3%
 "UCO Bank aims to grow loans, deposits by 20-22%")
 "RBI puts curb on using ECB to repay domestic loans")
 "SBI to lend $500 mn, redeem securities worth $800 mn")
RBI group wants use of public key infrastructure for safe payment system
RTGS, NEFT fall under Public Key Infrastructure
 "Hong Kong regulator reprimands, fines RBS")
RBI may set new pricing norms for state debt in phases
But sources say RBI has not made a final decision yet
HDFC Bank may not get govt nod to raise FII limit
The bank has reached its 74% FII holding cap if parent HDFC's shareholding is considered
 "HDFC Bank may not get govt nod to raise FII limit")
 "BNP Paribas gears up for India push")