Page 1259 - Finance News
Yields seen falling after bond auctions end for FY14
Government bond yields are seen falling from current level in the near-term as the last auction for this fiscal got over today
 "Yields seen falling after bond auctions end for FY14")
MFI loans might get cheaper from April, with new RBI norm
The new norm takes effect from April 1. RBI will announce the applicable average base rate on March 31 and every quarter-end thereafter
Andhra Bank Q3 net down 82% at Rs 45 cr
Expenditure rose steeply on all counts, including slippages, while growth in total income was way behind
RBI releases draft report on effective payment system
The central bank has kept suggestions in the report open for public comment till February 28
 "RBI releases draft report on effective payment system")
Benchmark panel wants more powers for RBI to fix financial benchmarks
Significance of financial benchmarks emerged following revelations about manipulations of several key global benchmark rates like LIBOR, EURIBOR, TIBOR
 "Benchmark panel wants more powers for RBI to fix financial benchmarks")
1 bn plastic notes of Rs 10 denomination later this year
Notes to be introduced in a field trial in five cities
 "1 bn plastic notes of Rs 10 denomination later this year")
PSU banks report fraud cases worth Rs 6175, till Jan
RBI directs banks to report such cases to CBI/ Police/SFIO
India, Pakistan in advanced talks for opening bank branches
The State Bank of Pakistan had recently written to the RBI that three banks would like to open their branches in India
RBI permits 4 non-bank entities to set up WLAs
Along with Tata Communications Payment Solutions and Muthoot Finance, RBI has issued the certificate to Prizm Payment Services and Vakrangee Limited
 "RBI permits 4 non-bank entities to set up WLAs")
Expert Speak: RBI's Urjit Patel Committee Report
Monetary policy committee headed by RBI Governor to be made accountable for achieving inflation target
 "Expert Speak: RBI's Urjit Patel Committee Report")
Bank unions to go on 2-day strike from Monday
The wage revision of public sector bank employees has been due since November 2012
 "Bank unions to go on 2-day strike from Monday")
Essel Group plans to acquire NBFC to scale up finance biz
Asset reconstruction, white-label ATM segments on radar
 "Essel Group plans to acquire NBFC to scale up finance biz")
 "Investors outraged at IDBI's bonds conversion plan")
Bank of Baroda Q3 net profit up 3.6%
Gross NPA rises to 3.32% compared to 2.41% in the year ago period
 "Bank of Baroda Q3 net profit up 3.6%")
Central Bank of India Q3 net falls 66% to Rs 61 cr
Higher provisions, tax expenses hurt earnings
 "Central Bank of India Q3 net falls 66% to Rs 61 cr")
Top banks on a slide; smaller peers do better: Brand Finance study
Study shows that country's largest lender SBI had a 32.2% decrease In its Brand Value in 2014 compared to 2013
 "Top banks on a slide; smaller peers do better: Brand Finance study")
Bulk deposit rates shoot up as banks scramble for cash
Spectrum outflow, advance tax make banks worried about liquidity ahead of fiscal year-end
 "Bulk deposit rates shoot up as banks scramble for cash")
Despite easy liquidity, banks hike deposit rate
The hike is required to beef up resources as credit demand is expected to peak in the last quarter of the financial year
 "Despite easy liquidity, banks hike deposit rate")
FM bats for a common demat account
The move is expected to benefit investors.
 "FM bats for a common demat account")