Page 1258 - Finance News
IOB to raise Rs 400 cr by selling shares to LIC
The bank proposes to issue 8.15 crore shares to LIC at Rs 48.84 per shares on preferential basis to LIC or its schemes
 "IOB to raise Rs 400 cr by selling shares to LIC")
Headwinds for banks to continue in 2014: S&P
The economy is expected to make a tepid recovery in the next 12 months
 "Headwinds for banks to continue in 2014: S&P")
Banking operations hit in Raj as PSU bank staff go on strike
Around 5,000 branches of public sector banks remained closed following the nationwide strike
 "Banking operations hit in Raj as PSU bank staff go on strike")
Tamil Nadu suffers tremendously due to nationwide bank strike
Around 100,000 bank employees are on strike for two days
 "Tamil Nadu suffers tremendously due to nationwide bank strike")
100 million cheques uncleared due to bank strike
Total value of instruments pegged at Rs 7,40,000 cr; ATMs dry up in many places
 "100 million cheques uncleared due to bank strike")
PSU banks' strike hit services in Punjab, Haryana
Agitation over various demands including wage revision. States like Mumbai, Jharkhand also affected
Work at Jharkhand public sector banks hit as strike starts
Workers have gone on strike to press for a wage revision
 "Work at Jharkhand public sector banks hit as strike starts")
Two-day banking strike cripples Mumbai
UBFU is opposing pending issue of wage revisions, also banking reforms
 "Two-day banking strike cripples Mumbai")
 "Barclays launches investigation after customer data leak")
Andhra Bank plans to raise Rs 800 cr
Last year, the bank received around Rs 200 crore from the Government of India
 "Andhra Bank plans to raise Rs 800 cr")
All-India banks on 2-day strike from Monday
Over a million bank employees working in 27 PSUs, and 12 private and eight foreign banks, will go on the nationwide strike
Sale notices by banks more visible as borrowers under stress: Assocham
While some banks had started publishing photographs of borrowers and guarantors for failed loans, others have exercised restraint
 "Sale notices by banks more visible as borrowers under stress: Assocham")
Banking expansion may create up to 20 lakh new jobs: Experts
Many of PSBS would need to hire fresh talent in wake of nearly half of their workforce scheduled to retire in next few years
 "Banking expansion may create up to 20 lakh new jobs: Experts")
FII stake in SKS Microfinance surges to 38% in Oct-Dec
FIIs have been raising their exposure in the Hyderabad- based firm in the past few quarters
 "FII stake in SKS Microfinance surges to 38% in Oct-Dec")
Microfinance industry coming back to life
New players show up after 3 years; northern states take lead in loan growth
 "Microfinance industry coming back to life")
Jammu and Kashmir Bank Q3 profit up 11% at Rs 321 crore
Total income increased to Rs 1,802.97 crore
 "Jammu and Kashmir Bank Q3 profit up 11% at Rs 321 crore")
People have realised importance of banking services: FM
He said that branch opened in a certain area provides people with various facilities and help in improving local economy
 "People have realised importance of banking services: FM")
'RBI should've more power over financial benchmarks'
According to the report, the 14-day, one-month and three-month Mibid-Mibor may be fixed by CCIL through the polling process
No decision on ATM transactions fee yet: Meena
Says govt has also advised public sector banks to take a number of new initiatives to increase the pace of recovery
 "No decision on ATM transactions fee yet: Meena")