Page 1267 - Finance News
Investor interest back in MFI sector, as loan portfolio set to touch record high
The sector has been able to attract about $200 mn in equity in the past 12 months, in addition to debt flows that are three to four times that of equity. While there are 44 RBI-regulated MFIs in India
 "Investor interest back in MFI sector, as loan portfolio set to touch record high")
Reserve Bank rejigs deputy governor portfolios
H R Khan to look after banking operations, non-banking supervision and IT
 "Reserve Bank rejigs deputy governor portfolios")
RBI clarifies on remittances by foreign investors
Says they are free to remit funds through any bank for any transactions permitted under Foreign Exchange Management Act
 "RBI clarifies on remittances by foreign investors")
India bonds at 3-month high as RBI steps in to provide cash
The injection of cash comes amid strong foreign inflows into debt
 "India bonds at 3-month high as RBI steps in to provide cash")
RBI forms panel to review governance of boards of banks
Would examine board compensation guidelines, and any other issue relevant to functioning of banks' boards and governance they exercise
 "RBI forms panel to review governance of boards of banks")
Finance ministry relaxes rule to ensure more SC/STs called
The ministry relaxed the eligibility criteria to accommodate five more candidates, of which two belonged to the SC/ST category
 "Finance ministry relaxes rule to ensure more SC/STs called")
SBI home advance stands at Rs 2,776 cr in 2013-14
The number of accounts through which loans are advanced stood at around 60,000
 "SBI home advance stands at Rs 2,776 cr in 2013-14")
Information stealing virus detected in online banking space
The virus has been detected conducting its operations at the Point of Sale counters placed at retail terminals
 "Information stealing virus detected in online banking space")
Jalan panel on new bank licences to meet on Feb 10
In past 20 years, RBI has licensed only 12 banks in private sector in two phases
 "Jalan panel on new bank licences to meet on Feb 10")
Banks to recast Rs 5,000-cr debt of Era Infra
May offer interest rate moratorium for two and half years
Federal Bank to recruit 3,000 employees in next three years
Currently, the bank has about 10,126 employees
 "Federal Bank to recruit 3,000 employees in next three years")
Lower provisions, cost control aid HDFC Bank earnings
Lower provisions, cost control aid earnings growth
 "Lower provisions, cost control aid HDFC Bank earnings")
RBI extends Time to close exim deals extended
It also asked the banks to ensure one-to-one matching in case of these transactions
Bank strike deferred
UFBU had earlier announced plans to go on a two day strike, followed by further strikes in February and March
 "Bank strike deferred")
RBI revises timing of reverse repo
The reverse repo window will now be available between 7.00 pm and 7.30 pm instead of the existing timings of 4.45 pm to 5.15 pm
RBI to conduct Rs 10k-cr OMO on Wednesday
Move to help ease liquidity, will be done through multi-security auction using multiple price method
 "RBI to conduct Rs 10k-cr OMO on Wednesday")
Fiscal deficit, bond switch worries may hit yields
Govt had pegged the fiscal deficit for the current fiscal at 4.8% of GDP
 "Fiscal deficit, bond switch worries may hit yields")