Page 1256 - Finance News
Fiscal deficit will surely be below FM's red line: Rajan
The govt plans to contain fiscal deficit within 4.8% of gross domestic product for current financial year
 "Fiscal deficit will surely be below FM's red line: Rajan")
RBI cuts FII limit in short-term papers
The balance $1.5 billion shall, however, continue to be part of the total corporate debt limit of $51 billion
 "RBI cuts FII limit in short-term papers")
RBI clarifies on gold imports
Banks, agencies and entities may make available gold to exporters (other than AA/DFIA holders) operating under Replenishment Scheme
 "RBI clarifies on gold imports")
United Bank not a merger candidate, says Takru
Bank has to function responsibly, top priority for recovery
 "United Bank not a merger candidate, says Takru")
SBI net down 34% on mounting bad loans
Unveils plan to detect stress early
 "SBI net down 34% on mounting bad loans")
Bank funding of spectrum purchases hits DoT wall
Telecom department says spectrum can't be used as collateral because it's government property
 "Bank funding of spectrum purchases hits DoT wall")
United Bank of India hikes base rate by 25 basis points
Pending the audit's completion, the loan sanctioning power was limited to Rs 10 cr
 "United Bank of India hikes base rate by 25 basis points")
ICRA downgrades United Bank's Tier-II bonds, CDs
Sharp rise in bad loans, rising losses lead to action
Lenders say yet to get FY14 export credit subsidy
Bankers not keen to lend via scheme as govt owes them Rs 1,100 cr
 "Lenders say yet to get FY14 export credit subsidy")
 "Lehman reaches $767-mn settlement of Freddie Mac claim")
Banks in Haryana register 14% growth in deposits
Total advances during January-Dec 2013 increased by Rs 23,200 cr
 "Banks in Haryana register 14% growth in deposits")
RBI pressures banks to trade bond futures
Interest rate futures allow market participants to bet on the direction of bond yields
 "RBI pressures banks to trade bond futures")
ATMs to rescue of the unbanked
The depositor can authorise another person without an account to withdraw cash from his or her account through an ATM
 "ATMs to rescue of the unbanked")
United Bank to try selling Zoom Developers' assets for a 4th time
Properties include 900 sq mt property in Andheri in Mumbai and four land parcels with area of 75,788 sq ft in Indore
'Bank licence clearance may take BFSI attrition rate to 18%'
Once the new banking licences are cleared, one can expect to see significant rise in poaching within the industry
 "'Bank licence clearance may take BFSI attrition rate to 18%'")
Stressed assets in banking sector may rise to 14% in 2015
Total number of corporate debt restructuring cases and their average ticket size climb higher in January
 "Stressed assets in banking sector may rise to 14% in 2015")
RBI does not give away money, Rajan warns against fraud
Will use social media to address fraud, he says
 "RBI does not give away money, Rajan warns against fraud")
No decision on setting up of 'Payments banks' yet: Rajan
Payments banks, which provide services to small businesses, were proposed by an RBI panel to deepen financial inclusion
 "No decision on setting up of 'Payments banks' yet: Rajan")
RBI to enable people with no bank account to withdraw money
A payment system will facilitate fund transfers from bank account holders to those without accounts through ATMs, said Raghuram Rajan
 "RBI to enable people with no bank account to withdraw money")
Moody's paints grim picture for credit ratings
Rise of regional parties will hamper national policy making
 "Moody's paints grim picture for credit ratings")