Page 1254 - Finance News
Dealing with company deposit frauds
Recovery options for retail investors are few; all they can do is put pressure on the firm through legal channels
 "Dealing with company deposit frauds")
 "SBI cautious on lending to infra, iron and steel firms")
UBI takes a U-turns, says no issues with Finacle's NPA tool
Statement comes a day after it claimed Infosys' software failed to identify bad loans in its small accounts
 "UBI takes a U-turns, says no issues with Finacle's NPA tool")
Bankers to extend services to unbanked villages in Haryana and Punjab
Unbanked villages that have population below 2,000 to get bank branches
 "Bankers to extend services to unbanked villages in Haryana and Punjab")
UBI blames Infy tool for failing to detect NPAs
Software firm dismisses charge, says Finacle has proven ability
 "UBI blames Infy tool for failing to detect NPAs")
 "No systemic risks from rising NPAs: Chakrabarty")
SIDBI and Bahrain Development Bank seal deal to help SME
Bahrain's FM Ahmed bin Mohamed and SIDBI deputy MD N.K. Maini signed a MoU
 "SIDBI and Bahrain Development Bank seal deal to help SME")
SBI may go slow on hiring for 2-3 years
The bank added it was careful while lending to companies in the infrastructure and iron & steel sectors
SBI readies plan to improve profitability
NPAs, cost, fee income, productivity, HR reorientation are focus areas; schedules drawn for addressing all from weeks to a year
 "SBI readies plan to improve profitability")
Rahul Gandhi inaugurates 10 SBI branches in Amethi
Now, SBI has 26 branches and 28 ATMs in Amethi, while bank caters far flung areas through its 33 Business Correspondents
 "Rahul Gandhi inaugurates 10 SBI branches in Amethi")
SBI treads carefully on lending to infra, iron and steel firms
Despite cautious stance, it was restructuring non-performing assets
Neutral agency might be mandated to fix Mibor
MIBOR is used for deals struck for interest rate swaps, forward rate agreements, floating rate debentures and term deposits
NPAs soar 35% in first 9 months of FY14
SBI was leading with an accretion of Rs 16,610 crore: NPASource.Com
UBI aims to reduce bad loans by Rs 2,000 crore
Plans cost control, loan recoveries to improve Q4 earnings
 "UBI aims to reduce bad loans by Rs 2,000 crore")
Retail NBFCs losing steam?
Analysts of the view sector unlikely to repeat 2013 performance this year; credit quality stress, weak economy likely to cap earnings growth
 "Retail NBFCs losing steam?")
Canara Bank aims to cut gross NPA to 2.5%
Bank's gross NPA ratio stood at 2.8% in the third quarter of the current financial year and net NPA ratio was at 2.3%
 "Canara Bank aims to cut gross NPA to 2.5%")
$125 mn ADB loan for upgrade of NE roads
Project is expected to be completed by 30 September 2019 with improvements to more than 236 km of roads in Assam, Manipur, Mizoram and Tripura states
 "$125 mn ADB loan for upgrade of NE roads")
Deutsche MF introduce new debt scheme
The investment objective of the fund is to generate income and capital appreciation
 "Deutsche MF introduce new debt scheme")
Magma Fincorp & Au Financiers to raise $65 mn from IFC
The debt support would help the companies to attract other FIIs
 "Magma Fincorp & Au Financiers to raise $65 mn from IFC")
Once RBI clears bank license, Muthoot stake to get diluted
Senior Vice President of Muthoot said that once decision is announced they will approach SEBI for necessary approvals
 "Once RBI clears bank license, Muthoot stake to get diluted")