Page 1273 - Finance News

Indian Bank revises interest rates

Interest rate has been fixed to 4.8% for deposits of upto five years from the existing 4.51%

Indian Bank, IOB launch special drive for home loans

Both banks are offering home loans at 10.2% and 10.25% respectively

Bank of Maharashtra launches one-time settlement scheme for small borrowers

The Bank aims to recover Rs 800 crore worth NPAs through the scheme

Will Urjit Patel committee overhaul monetary policy framework?

It is to be seen how the panel strikes the balance between rule-based regime and discretionary regime

Indian Overseas Bank launches IOB-Connect card

IOB Connect cards can be used at over five lakh outlets as well as for online shopping

No new capital needed for 2 yrs post Rs 11.5K cr QIP: SBI

Govt has promised to infuse Rs 2,000 crore through a preferential allotment of shares as part of its Rs 14,000 crore recapitalisation of the public sector banks this fiscal

2014 may not see interest rate reversal

Inflation expected to stay elevated

Why FinMin wants public sector lenders to rush into selling insurance

Most govt lenders will become ineligible next fiscal due to rise in NPA

UCO Bank to offload bad loans worth Rs 1,900 cr

Second NPA sale in FY14; move aimed at containing pressure on balance sheets

Investment banking fees drop 33% in 2013

Equity issuances saw 37% drop compared to 2012

Be ready to pay more for ATM transactions this year

At present, customers are allowed unlimited free transactions if the ATM is of their own bank

RBI chief has no Hamletian dilemma

Says year will see various initiatives taken forward; wants more innovative thinking from staff

PNB, Union Bank revise FCNR(B) deposit rates

The revised rate in dollar deposits for two years to less than three years is up 11 bps

HSBC wants only the wealthier of clients

Average monthly balance is a combination of savings account, current account and fixed deposit balances

RBI eases provisioning norms on loans for low-income housing

Micro Finance companies to benefit from RBI move

RBI grants new status for CCIL

CCIL is authorised and supervised by RBI under Payment and Settlement Systems Act, 2007

Canara Bank raises Rs 500 crore

The shares had a face value of Rs 10 each with a premium of Rs 273.84 per share

Govt to augment core equity of banks, issue might come up in Cabinet today

Move to convert govt's preference shares in Indian Bank, UCO Bank and Vijaya Bank into equity may be taken up at Cabinet tomorrow

V Kannan takes over as CMD of Vijaya Bank

Prior to joining Vijaya Bank, he was Executive Director of Oriental Bank of Commerce

Citi overtakes Merrill Lynch as Apollo-Cooper deal falls through

The global investment bank tops the coveted M&A league table for the year with deals such as Unilever's open offer for local unit