Page 1249 - Finance News
IDBI adopts bottom-up approach to set targets
The lender's branches, rather than the top management, to set targets as deemed achievable by it
 "IDBI adopts bottom-up approach to set targets")
Rupee weakens after five days of appreciation
However, analysts say it might move up to the 59-mark soon
 "Rupee weakens after five days of appreciation")
Poll preparation: Banks asked to avoid credit camps, workshop
Will also monitor bulk deposits
E-auctions of NPA properties gain traction in smaller cities
Over 50% of NPA properties e-auctions coming from smaller cities
 "E-auctions of NPA properties gain traction in smaller cities")
RBI turned net seller of dollars in Jan
In December, the central bank purchased a net $3.48 billion, down from $10.08 billion in November
 "RBI turned net seller of dollars in Jan")
Amex's elusive black card now in Indian pockets
There is a one-time joining fee of Rs 2.5 lakh and the annual fee is Rs 2 lakh
 "Amex's elusive black card now in Indian pockets")
PSU banks need 19,813 more ATMs by March-end to meet target
Only 14,855 ATMs set up by Dec 2013 against requirement 25,950, which is 75% of target March 2014 target
 "PSU banks need 19,813 more ATMs by March-end to meet target")
Deposits grow at 16% vs 14% rise in credit
Bank deposits grew at healthy 16% year-on-year to Rs 7,605,171 crore as on February 21
 "Deposits grow at 16% vs 14% rise in credit")
Bengal's deposit-taking firms face the whip, sell the properties
Recently, Sebi was accorded with new powers to crack down on illegal money-pooling activities through options like search and seizure operations
 "Bengal's deposit-taking firms face the whip, sell the properties")
ICICI Bank plans Rs 2,500-crore loan support to women self-help groups
The SHG programme aims at empowering less privileged women to become self-reliant
 "ICICI Bank plans Rs 2,500-crore loan support to women self-help groups")
Bharatiya Mahila Bank's Kerala branch to open on Monday
Bank's Deputy GM, said there are currently 12 such branches in the country and would go up to 25 by the end of this fiscal
Rupee extends gains for the fourth straight day
Since August 28, the rupee has appreciated by 11.3%. On that day, it had touched an all-time low of 68.85 a dollar, due to heavy month-end demand from importers
 "Rupee extends gains for the fourth straight day")
SBI pushes for share options for staff
Scheme to raise Rs 800-1,200 crore through discounted sale
 "SBI pushes for share options for staff")
Man called bitcoin's father denies ties, leads LA car chase
Newsweek, who estimates his wealth at $400 million, ran an interview saying Nakamoto founded bitcoin
 "Man called bitcoin's father denies ties, leads LA car chase")
 "BNP Paribas' head of forex spot-trading suspended: WSJ")
CCP must for inter-bank forex swaps: RBI panel
The RBI panel says CCP can improve the effectiveness of default management arrangements and co-ordinate operational improvements and efficiencies
Bengal, Tamil Nadu usurp Andhra as new MFI hubs
While West Bengal and Tamil Nadu account for 14% each of microfinance institution clients, Andhra Pradesh accounts for 13%, according to the MFIN Mircometer Report 2013
NPAs rise as slowdown persists
Bad loans of public sector banks surge to over 5 per cent by Dec-end; Chidambaram tells the lenders to focus on remedies
 "NPAs rise as slowdown persists")