Page 1260 - Finance News
Banks cautious about short-term papers
This is because in the last couple of months fresh instances of defaults have been reported
 "Banks cautious about short-term papers")
NPAs of private banks rise despite cautious lending
Chiefs say problem likely to continue and more work needed
 "NPAs of private banks rise despite cautious lending")
Corporation Bank to raise Rs 175 cr
With this, the government's stake will increase to 63% from the existing 59%
 "Corporation Bank to raise Rs 175 cr")
Andhra Bank to restructure bad loans of committed promoters
The bank, which has huge exposure to infrastructure and power, has NPA to the tune 6% and restructured loans at 13% of its advances
Banks Services Recruitment Board revival must, demands NOBW
Employees' body claims recruitment process has almost come to a standstill and banking transactions have suffered
 "Banks Services Recruitment Board revival must, demands NOBW")
PE investments falls by 40% in India
Yet the country was the second busiest PE market in the Asia-Pacific region
Trai writes to FM to encourage mobile banking services
A system is already in place for the service and banks need to "wake up and move"
 "Trai writes to FM to encourage mobile banking services")
Pawar emphasises on agri-investment opportunity in Africa
Having an advantage of 733 million hectare of arable land, which accounts for 27.4% of the total arable land in the world
 "Pawar emphasises on agri-investment opportunity in Africa")
Indian Bank revises FCNR interest rates
For FCNR(B) deposits, revised interest rate has been fixed at 2.57% as against 2.58% for deposits of one to two years
'Industrial slump to put additional stress on CV loans'
India Ratings report says if diesel prices continue to rise, the commercial vehicle operators are likely to see their operating margins shrink further
 "'Industrial slump to put additional stress on CV loans'")
IDFC plans to raise $300 mn through foreign loans
Besides, the infrastructure major raises $ 150 mn in Q3; company's loan growth to remain flat
 "IDFC plans to raise $300 mn through foreign loans")
FinMin to recruit professionals to share work burden
Invites application for senior consultant to analyse financial markets, financial sector activities and prepare a risk assessment report
 "FinMin to recruit professionals to share work burden")
Rupee ends strong on dollar sale by custodian banks
Yields fall on rumours of cancellation of bond auction
 "Rupee ends strong on dollar sale by custodian banks")
Overnight rates fall on govt spending
Call rate ends at 7%, while the weighted average was 7.91%
 "Overnight rates fall on govt spending")
Govt banks develop cold feet on QIPs
Some lenders in talks with LIC for pvt placement
 "Govt banks develop cold feet on QIPs")
M Teresa Kho appointed as new ADB India country director
She has spent 12 years in US where she worked with several firms such as General Electric, Sun Microsystems, and Raychem
A tale of two crises
Are emerging markets staring at a repeat of the 1997 asian currency crisis?
 "A tale of two crises")
Mutual funds face trust deficit: Chidambaram
He said that market regulator SEBI was in the process of introducing new measures to make mutual funds attractive
 "Mutual funds face trust deficit: Chidambaram")
 "Fixed income outlook: Yields on long-term paper to remain elevated")
Congress proposes national bank for SC, ST
With initial share capital of Rs 2,000 cr, proposed bank aims to finance entrepreneurial activities
 "Congress proposes national bank for SC, ST")