Page 1255 - Finance News

Jalan panel to complete work by March on bank licences

The committee may complete its work by the first quarter of 2014 and submit its report along with recommendations to RBI

Bad loans of listed banks shot up 35% in 9 months

Ten of the 40 listed banks account for nearly 70% of gross NPAs

Public sector banks to get Rs 11,200 cr in FY15

State lenders must retain a significant portion of profits for capital, also raise it from market: FM

Bond yields to soften as borrowings tamed

Rupee seen appreciating with CAD at $45 bn for FY14

Fiscal deficit below 'red line' but RBI might not budge

Chidambaram rules out any contradiction with central bank

Rajan raised repo rate despite panel majority for status quo

Four members recommended that status quo be maintained with respect to the policy repo rate in January

Parliamentary panel asks to bring fresh microfin Bill

The Bill had sought to empower the RBI to regulate them and fix interest rates ceiling on loans to be provided by MFIs

RBI bars Chennai-based DFL Infra Finance for doing business

The finance company is also barred from declaring or distributing dividend

PSBs must retain significant part of profit for capital, also raise it from market: FM

Govt to infuse Rs 11,200 in PSBs in FY15

Govt exempted to buy stake in Vijaya bank

The government, which is the promoter of Vijaya Bank, has proposed to buy more than 30.46 crore shares

BofA-ML says RBI may hit pause button on April 1

Probably because inflation is expected to peak off and FY15 GDP growth is likely to be around 4.7 %

Banks' insurance model to gain momentum soon: IRDA

However, no timeline has been fixed for banks to act as insurance brokers

Banks struggle to achieve annual credit offtake target

Achievement only 55% till December

HDFC Bank launches toll-free banking service

Customers with even the most basic mobile handset can use this service to access their accounts from any location

United Bank to raise Rs 1,000 cr equity capital

Capital raising would help bank comply with Basel-III or global prudential norms for banking sector

SBI lowers retail deposit rates by up to 0.5%

Deposit rates for maturities of three to five years have been lowered by 0.25%

Banks in London devise ways around Europe's bonus rules

The new structures - which do not entirely replace bonuses - pay more upfront and leave less available to take back

Macroeconomic factors key for financial stability: RBI

ED Deepak Mohanty says weaknesses in corporate financials are impacting banks' balance sheets and this could impinge on financial stability

Pvt banks go offbeat to make inclusion effective

For instance, ICICI Bank is now using light commercial vehicles to serve many of its rural customers in Maharashtra

Govt borrowing for FY15 would be similar to FY14: Experts

Bond yields may not see sharp movement this week