Page 1237 - Finance News

'Fit & proper' criterion doesn't clash with RBI's inclusion drive: Jalan

Declines to share his views on whether RBI should allow industrial houses to set up banks in India

10-year bond yield hits 4-month high

IFC to raise global rupee bond offer size

Also plans to guarantee bonds issued by some Indian companies

Forex debt raising soars, touches $5.6 bn so far this year

Leading the chart this year is State Bank of India, which last Friday sold bonds worth $1.25 billion in a dual tranche issue to international investors

Banks sell Rs 10,000 cr of bad loans to ARCs in March

Due to high accretion of NPAs in recent past -- total NPAs stood at 4.2% as of September 2013

FinMin considering proposal for fixed term for PSU bank chiefs

Many occasions that top executives appointed for a short tenure that hampers implementation of medium or long-term strategies of banks

Bandhan signals competition for rural microfinance

According to MFIs operating in rural areas, private banks have been charging interest rates of 24-26 per cent on a reducing balance

FIIs cherry-pick PSU banks in March quarter

Trim positions in majority of the state-owned lenders

Bonds record biggest weekly gain since Jan

The 8.83% 2023 bond ended at 8.94%, compared with its previous close of nine per cent

RBI remained net seller of dollars in Feb

Money flow into NRI deposits moderates further

After SBI, other banks plan global bond issues

IDBI Bank reportedly in discussion with bankers for floating one; BoB needs funds for foreign exchange requirements and repayments

Bernanke cold to Rajan remedy

Says there's awful lot of consultation, in response to RBI governor's suggestion on greater global coordination

Banks left with little scope for portfolio shuffling to cut losses

Might be hit on securities in AFS portfolio in first quarter of the current fiscal

Citibank not to set up its subsidiary in India

Plans to open three branches in next few months

Rajan calls for coordination among central banks

The governor also questioned the extreme monetary easing adopted by some developed countries, with repercussions on emerging economies across the globe

RBI issues fresh norms to curb customer discrimination

Spread charged to an existing customer cannot be hiked except due to deterioration in credit risk profile

Rise in bank shares likely to limit gains

Rally won't sustain because of credit quality pressure and moderate loan growth

'$3-5 bn waiting to be invested in stressed assets'

RBI panel recommends benchmark for floating interest rate

The floating rate loan covenant may have interest rate reset periodicity and the resets may be done on those dates only

RBI asks banks to draw up policy for property deals abroad

Says banks should comply with the Foreign Exchange Management Act, Banking Regulation and other relevant Indian laws