Page 1276 - Finance News
V Kannan takes over as CMD of Vijaya Bank
Prior to joining Vijaya Bank, he was Executive Director of Oriental Bank of Commerce
 "V Kannan takes over as CMD of Vijaya Bank")
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
 "Citi overtakes Merrill Lynch as Apollo-Cooper deal falls through")
Third worst year for rupee in a decade
Traders say worst is behind; outcome of Lok Sabha elections likely to determine direction of the next shift
 "Third worst year for rupee in a decade")
RBI allows refiners to import gold dore
Till now, gold dore import was banned and gold refineries were sources their input from scrap gold
 "RBI allows refiners to import gold dore")
SBI to issue receipts for payments of PF dues: EPFO
SBI was not giving receipt of cheques or drafts that were being put in the bank's drop boxes
 "SBI to issue receipts for payments of PF dues: EPFO")
Credit to industry increased by 13.7% in Nov vs 19.4% year ago
On year-on-year basis, non-food bank credit increased by 14.7% in Nov
 "Credit to industry increased by 13.7% in Nov vs 19.4% year ago")
Don't fall to rumours that banks won't accept scribbled notes: RBI
RBI told the public that they should use their banknotes without any fear
 "Don't fall to rumours that banks won't accept scribbled notes: RBI")
IDBI Bank revises deposit rates with immediate effect
he bank is offering 9.1% on deposits of over 1 year
 "IDBI Bank revises deposit rates with immediate effect")
RBI breather for banks offering gold loans but with riders
Allows lump sum payment at maturity; loan to become non-performing asset if margin not maintained
 "RBI breather for banks offering gold loans but with riders")
Icra rates first Basel III tier-I bonds from YES Bank
Last month, state-run Union Bank of India had raised additional capital to the extent of Rs 2,000 crore by issuing Basel-III compliant Tier-II bonds
Financial inclusion gains momentum, says CRISIL
CRISIL Inclusix measures financial inclusion up to the level of each of the 638 districts in India
Housing finance firms account for 2/5th of home loan market
HDFC, with a market share of 25%, stands as the biggest lender in the segment
 "Housing finance firms account for 2/5th of home loan market")
RBI extends deadline to issue inflation-indexed bonds to Mar 31
Banks yet to gear up fully for distribution
 "RBI extends deadline to issue inflation-indexed bonds to Mar 31")
Inflation limiting scope for easing, says Rajan
RBI wants review of banks' company exposure, sees rising asset quality stress
 "Inflation limiting scope for easing, says Rajan")
Canara Bank plans to expand its overseas presence in next 2 yrs
Will add 14 new branches in foreign locations
 "Canara Bank plans to expand its overseas presence in next 2 yrs")
Canara Bank hikes lending rate by 0.25%
Canara Bank becomes the first major state-owned bank to increase base rate after RBI's policy announcement
RBI to review single, group exposure limit norms for banking stability
The failure of large corporate group could result in a total loss of over 60 per cent of the banking system's capital.
Risks to banking sector have increased in past half-year, says RBI
Major risk dimensions show increase in vulnerability in the sector
 "Risks to banking sector have increased in past half-year, says RBI")
External position manageable and reserves adequate, says RBI
'CAD will stay less than 3% of GDP during the current fiscal'
 "External position manageable and reserves adequate, says RBI")