Page 1245 - Finance News

BJP reiterates stand on new bank licences

Party says will closely watch any move by RBI in this direction if it were to happen prior to formation of 16th Lok Sabha

Sought EC nod as matter of caution: Rajan

Election Commission would take a view on issue of grant of new bank licences by RBI on March 31

Aspada invests in NeoGrowth Credit to provide financing for small businesses

NeoGrowth Credit extends short term working capital and inventory loans to small merchants in India against future credit and debit card sales

Goldman Sachs upgrades SBI, PNB

Macro recovery and potential for post-election reforms could lead to a gradual reduction in stressed loans, it says

Federal Bank ties up with Royal Exchange (USA) Inc

As per the arrangement, users of Royal Exchange can get quick conversion of their funds into rupee

ZenMoney enters insurance broking

Firm will sell products in both life and general insurance sectors, including health motor among others

Srei to roll out white label ATMs in rural India

The financial services firm plans to leverage its over 27,000 IT-enabled common service centres

Limit raised for investment in inflation bonds

Subscription for the Inflation Indexed National Savings Securities- Cumulative will close on March 31

Banks and RBI to facilitate tax payments

Kotak Mahindra launches social bank account Jifi

Jifi is a zero interest current account with no minimum balance conditions, and can be opened with an initial payment of Rs 5,000

Global MFI investors shift focus from Asia to Africa

With the MFIs realigning their fund allocations, South Asia, the traditional microfinance hub, is facing challenge from Africa for the first time

PE-backed SKS remains confident of raising money

Micro-lender firms up plan to raise Rs 400 crore via qualified institutional placement

Panel to select RBI dy guv has internal meeting

The committee comprises RBI governor, the Union govt's secretaries for financial services and personnel & training, and two experts from management institutes

Polls, monsoon to shape policy path in FY15

Registered foreign portfolio investors can open rupee accounts

Dena Bank to raise Rs 366 cr from LIC, GIC

Life insurance giant will be putting in Rs 282 crore as part of the capital raising programme, while GIC will invest Rs 84 crore

RBI meets select bankers ahead of policy

To meet another group of bankers today

Sharma hopeful of rate cut by RBI on April 1

India Inc has been demanding a rate cut to spur investment and promote growth

RBI meets select bankers ahead of policy

Issues such as NPAs, capital and loan growth were discussed at the meeting

DCB Bank gets ISO 27001:2005 certification

Certification provides standards for overall management and control framework for managing an organisation's information security risks