Page 1261 - Finance News
Customer complaints against banks down 3% in 2012-13
SBI topped the list with 20,030 grievances against it
 "Customer complaints against banks down 3% in 2012-13")
Axis Bank needs Rs 12,000-cr equity injection by FY18
New generation bank, which raised Rs 5,540 crore through equity offering in Jan 2013, will require two-three round of in next four years
 "Axis Bank needs Rs 12,000-cr equity injection by FY18")
Rise in NPAs hits PSB third quarter results
Lower provision helps Union Bank to reports 15% rise in net
 "Rise in NPAs hits PSB third quarter results")
Higher deposit rate benefit to NRE deposits extended
Earlier, central bank deregulated interest rate on NRE deposits for maturity of three years and above
 "Higher deposit rate benefit to NRE deposits extended")
New RBI rules to spur debt recast, recovery
Also, feel bank heads, the changed guidelines on stressed assets will encourage the business of asset reconstruction
 "New RBI rules to spur debt recast, recovery")
Non-maintenance of minimum balance should not be charged, says RBI
ATM charges to be renewed as well
After QIP, SBI may raise Rs 1000 cr
Employee stock purchase plan likely option
PNB Q3 profit plunges 42% to Rs 755 cr on higher provisioning
Gross NPAs rose to 4.96% from 4.61% in the same period last year
 "PNB Q3 profit plunges 42% to Rs 755 cr on higher provisioning")
Canara Bank Q3 net plunges 42% to Rs 409 crore
Total income up 16.5%, operating profit up 5%
 "Canara Bank Q3 net plunges 42% to Rs 409 crore")
Syndicate Bank Q3 net down 25% to Rs 380 crore
Gross NPA ratio stood at 2.80% in December quarter as against 2.31% in the year ago period
 "Syndicate Bank Q3 net down 25% to Rs 380 crore")
14th Finance Commission not to get extension
Will submit report before scheduled date, says finance ministry
SBI raises Rs 8k cr through QIP
Capital adequacy improves to 12.8%
 "SBI raises Rs 8k cr through QIP")
Postal banks effective globally: Nachiket Mor
Says regulator should be referee and not a captain
India Ratings maintains 'stable' outlook on Indian banks
Banks will largely remain resilient to the cyclical downturn on improvement in loan loss reserves and common equity injections
 "India Ratings maintains 'stable' outlook on Indian banks")
Scrap exclusivity clause with foreign firms: FinMin
Under the present arrangement, banking partners can't sell multiple insurers' products in their branches
 "Scrap exclusivity clause with foreign firms: FinMin")
Charging own customers for ATM would be ridiculous: Chakrabarty
Financial services secretary Rajiv Takru had said decision on ATM charges would be taken by RBI
 "Charging own customers for ATM would be ridiculous: Chakrabarty")
RBI acts to counter bad loans
Central bank wants to improve early identification and timely restructuring of assets
Room for rate cut in second half of 2014: Taimur Baig
Every reason cited for policy tightening was present in December, but the central bank decided to wait and see at that juncture
 "Room for rate cut in second half of 2014: Taimur Baig")
Rs 9,600-cr QIP: SBI spared the blushes by LIC
Mop-up misses target as big FIIs skip issue
 "Rs 9,600-cr QIP: SBI spared the blushes by LIC")