Page 1239 - Finance News
Banking licence to IDFC may affect infra sector: SBI
It had been reported that IDFC would reduce its exposure to the infrastructure sector over the next 18 months as it enters banking space
 "Banking licence to IDFC may affect infra sector: SBI")
CPI to gauge trade competitiveness
The Consumer Price index (CPI)-based REER is the most-frequently used indicator of competitiveness across nations
First govt bond auction of FY15 devolves partially
Reserve Bank of India was selling four government securities for a notified amount of Rs 16,000 cr
 "First govt bond auction of FY15 devolves partially")
Private placements of corporate bonds drop
They dropped 24% to Rs 2.76 lakh crore
 "Private placements of corporate bonds drop")
IDFC charts 9-year plan for banking journey
Broken into stages; existing shareholders will directly own shares in the new bank as well as through parent firm; impact on bottom line admitted for 1st three years
Differentiated licences suit some better: Rajan
Governor says some entities that didn't make it to the final list could be allowed to re-apply
 "Differentiated licences suit some better: Rajan")
Remittances rise as NRIs bet on strong rupee
Hopes soar on currency gaining more if Modi becomes PM
 "Remittances rise as NRIs bet on strong rupee")
Societe Generale India eyes 80% growth in FY15
It wants to take its loan portfolio to Rs 11,000 cr
 "Societe Generale India eyes 80% growth in FY15")
Now, access your SBI account via twitter
Twitter handle for SBI is 'https://twitter.Com/TheOfficialSBI'
 "Now, access your SBI account via twitter")
Shame many don't have bank account: Rajan
Says KYC norms need a relook
 "Shame many don't have bank account: Rajan")
NMI Fund III KS invests Rs 28.44 cr in Satin Creditcare Network Limited
SCNL has been one of fastest growing MFIs growing its portfolio to around Rs. 1,050 cr as on 31 March 2014
 "NMI Fund III KS invests Rs 28.44 cr in Satin Creditcare Network Limited")
HDFC Bank to open 20 new branches in Chhattisgarh
Bank expanding its branch network and would open 250 to 400 branches across country in financial year 2014-15
 "HDFC Bank to open 20 new branches in Chhattisgarh")
India's credit card base at five-year high
Worldline India estimates credit card base at 20.3 million in FY14
 "India's credit card base at five-year high")
RBI governor against banks seeking artificial fixes for NPAs
Rajan said the RBI had received requests from lenders and corporates requesting for postponing recognition of stressed assets as 'bad loans'
 "RBI governor against banks seeking artificial fixes for NPAs")
Some applicants may be better at differentiated banking: Rajan
Says there is a possibility for those left out applicants, they can apply again once the licences are on-tap as well as when differentiated licences are created
 "Some applicants may be better at differentiated banking: Rajan")
C S Ghosh: Tied to the bottom of the pyramid
What sets Bandhan apart is the roots it has in the world of the rural poor
 "C S Ghosh: Tied to the bottom of the pyramid")
 "New banks spur fresh opportunities for tech firms")
Many more entities will get banking licences: G S Sandhu
Interview with Secretary, Department of Financial Services
 "Many more entities will get banking licences: G S Sandhu")