Page 1265 - Finance News
Forex reserves fall $1.21 bn to $292 bn
Foreign currency assets, key component of reserves, fell by $1.21 billion to $265.93 bn
 "Forex reserves fall $1.21 bn to $292 bn")
Vijaya Bank to raise Rs 1,200 cr
Earlier this month, the government had approved the conversion of PNCPS of three public sector banks, including Vijaya Bank, into equity
 "Vijaya Bank to raise Rs 1,200 cr")
TMB yet to pay Rs 70 cr dividend to shareholders
Bank announced 9000% dividend, highest in the industry
L&T Finance Holding expects 15-17% loan growth in Fy14
Company continues to follow cautious approach to credit selection and hence disbursements in B2B segment have been muted
RBI extends debt recast benefit to NBFCs
The benefit is similar to what is extended to banks
 "RBI extends debt recast benefit to NBFCs")
Personal loan grows up in December
Credit growth in the industrial sector has slowed down due to sluggish economic growth
 "Personal loan grows up in December")
Rise in FDI cap to help Axis Bank stake sale: Fitch
At present govt-owned enterprise Specified Undertaking of Unit Trust of India holds 20.7% in Axis Bank
 "Rise in FDI cap to help Axis Bank stake sale: Fitch")
Anxious customers queing with enquiries
Business people especially worried; banks suggest RBI's April 1 deadline might be too early
 "Anxious customers queing with enquiries")
Withdrawal of notes not due to elections: Rajan
Says inflation a destructive disease
 "Withdrawal of notes not due to elections: Rajan")
Exchange small notes at currency chest branches
Chests are select branches of banks authorised by RBI for distribution of notes and coins
 "Exchange small notes at currency chest branches")
Crop loan subventions: Political problem with panel suggestion
With 50% Indians not having access to banks, the plant will not find many takers
 "Crop loan subventions: Political problem with panel suggestion")
RBI may boost reserves, cap rupee gains
According to currency dealers, in the recent past RBI had started buying dollars even when rupee had touched Rs 61.50
 "RBI may boost reserves, cap rupee gains")
'Premature to phase out cash management bills'
Finance ministry officials say CMBs as much a requirement of RBI as of govt
 "'Premature to phase out cash management bills'")
Govt banks stare at mid-level crisis
A quarter of managers to retire in 3 years; new pvt banks also seen as threat
 "Govt banks stare at mid-level crisis")
RBI wants 'prominent' banker to be deputy guv
A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty
 "RBI wants 'prominent' banker to be deputy guv")
Market sees Rajan holding rates on Tuesday: RBS survey
RBS took the views of 150 local market participants, including corporate clients, banks, insurance companies and mutual funds, among others
 "Market sees Rajan holding rates on Tuesday: RBS survey")
DCB Bank to seek time to dilute promoters' stake
The regulator had asked the bank to bring down the stake from 18.5% before March 2014
 "DCB Bank to seek time to dilute promoters' stake")
India needs 3-4 large banks: CSB
India's largest bank SBI had no place among the 50 largest banks in the world
 "India needs 3-4 large banks: CSB")