Page 1275 - Finance News

PSU banks line up QIP issues worth over Rs 15,000 cr

Besides, some more public sector banks are in the process of taking approvals from their boards for QIPs

Tatas to expand mobile wallet service

Tata Teleservices obtained the licence for mobile wallets from the RBI and started its pilot in 2011

Arun Tiwari is new chairman of Union Bank

Tiwari, who has over 30 years of experience, started his banking career with Bank of Baroda and was an executive director at Allahabad Bank prior to his new job

CRISIL says SBI's asset quality under shadow of loan recast

Deterioration in the bank's asset quality was seen across sectors-agriculture, small and medium enterprises, and corporate

PSBs' insurance foray left to each bank

FinMin in a circular on Dec 20, 2013 said that the public sector banks should leverage their branch network for insurance penetration and hence become brokers

RBI lifts curbs on FII purchase of shares in Axis Bank

Move follows govt nod to increase foreign shareholding in the bank

Equitas Holdings raises Rs 198-cr capital

Equitas Holdings has raised Rs 156.8 cr from CDC and FMO and Rs 41.2 cr

Bitcoin operators shut shop in India amid RBI warning

Within days of RBI's advisory issued on December 24, a number of entities offering Bitcoin services have suspended their operations, temporarily or indefinitely, while websites of a few others have go

Mannapuram plans to enter SME, housing finance business

Company on Thursday announced it will be raising up to Rs 200 cr through a non-convertible debenture issue

Govt allows Axis Bank to raise foreign equity to 62%

Mayaram says govt yet to decide on SUUTI's stake sale proposal

M&A deals continue to shrink in 2013

Outbound deal count in the current calendar year fell to 100 from 154 in 2012

CDR references drop sharply in December

Bankers, however, say it will be premature to celebrate

Cheques to be paid via smartphones in UK?

US regulator fines Barclays over decade of records failures

'Market volatility to get reflected in interest rates'

It is tough for bankers to strike a balance while fixing base rates in such challenging market conditions

Govt infuses Rs 700 cr, Rs 400 cr in Dena and Allahabad Bank

The bank has allotted 11.85 crore shares of Rs 10 each to Government of India on preferential allotment basis at a price of Rs 59.03 per share

Bulk deposit rates steady despite quarter end target pressure

Bankers say that liquidity is comfortable

Asset quality of truck loans to stay under pressure in 2014: Fitch

Medium & heavy commercial vehicles' sales drop 28.7% in January-October in 2013 over the same period in 2012

Bank branch expansion at a decade's high

State-run and private sector banks together open 7,300 branches in 2013

North Block-Mint Road tension resurfaces

Banks in a tight spot as ministry wants them to open ATMs at all rural branches