Page 1251 - Finance News
 "RBI panel to review credit flow to MSME sector")
SMEs overleveraging debt: Andhra Bank CMD
He says the current working capital requirement of MSME is Rs 22 lakh cr
 "SMEs overleveraging debt: Andhra Bank CMD")
Arun Thukral - the new MD and CEO of Axis Securities
In his new role Thukral will look after the stock broking and distribution business of Axis Bank's financial products
 "Arun Thukral - the new MD and CEO of Axis Securities")
Oriental Bank raises fixed deposit rates by up to 3%
Term deposit of between 46-90 days would earn 9.50% against existing 8.50%
 "Oriental Bank raises fixed deposit rates by up to 3%")
RBI imposes Rs 5-lakh penalty on two banks
The banks violated norms by sanctioning loans and advances to Directors and their relatives in addition to KYC rules
 "RBI imposes Rs 5-lakh penalty on two banks")
Taking steps to reduce NPAs: SBI
Country's largest lender last month announced a new roadmap to limit slippages and also give early warning on stressed assets
 "Taking steps to reduce NPAs: SBI")
United Bank faces auditing, corporate governance probes
Sebi has received complaints about possible violations to its corporate governance norms at the bank
HDFC raises $300 million through foreign borrowings
Firm to deploy money for low-cost housing units
 "HDFC raises $300 million through foreign borrowings")
SKS Microfin completes Rs 163 cr of securitisation
Takes total securitisations completed for the current fiscal to Rs 1,270 cr
 "SKS Microfin completes Rs 163 cr of securitisation")
Bank of Bahrain & Kuwait lays out plans for India
Currently, the West Asian banking group has three branches---in Mumbai, Hyderabad and Kochi
Standard Chartered names Chaudhuri as group head of brand
Move part of bank's recently announced re-organisation, in which wholesale and consumer banking businesses will integrate
 "Standard Chartered names Chaudhuri as group head of brand")
RBS trims India balance sheet by £1.3 bn
The part-nationalised British bank, which was rescued by the UK government bailout during the 2008 financial crisis, reported a pre-tax loss of £8.2 billion in 2013
 "RBS trims India balance sheet by £1.3 bn")
SBI wants to 'charge' MTM losses to balance sheet
Lender makes presentation to RBI on the proposal
 "SBI wants to 'charge' MTM losses to balance sheet")
Chidambaram inaugurates Post Office Savings Bank ATM
IT modernisation scheme would cover 1.55 lakh post offices and would be implemented by next year
 "Chidambaram inaugurates Post Office Savings Bank ATM")
RBI's norms for distressed assets with riders
Allows use of counter-cyclical provisions for meeting shortfall in NPA-sale
Policy rate appropriately set, says Rajan
Raghuram Rajan had said the government was on the same page as RBI, in terms of inflation targeting
 "Policy rate appropriately set, says Rajan")
 "CVC meets UBI brass on loan details")