Page 1280 - Finance News
RBI bans fresh purchase of HDFC Bank shares by foreign investors
As per the revised FDI guidelines, foreign investors can invest up to 49% in private banks through the automatic route
 "RBI bans fresh purchase of HDFC Bank shares by foreign investors")
SBI's advance tax payment down 33% at Rs 1,130 cr
RIL is likely to pay Rs 1,600 cr of advance tax, compared with Rs 1,535 cr for the corresponding quarter last year: reports
 "SBI's advance tax payment down 33% at Rs 1,130 cr")
Jalan panel holds 2nd meet to shortlist bank licence awardees
The panel is contacting different agencies such as CVO and CBI to do background check on all the applicants
 "Jalan panel holds 2nd meet to shortlist bank licence awardees")
Banking sector to stay under pressure in 2014: Fitch
Report says stressed asset level to peak at 15% in 2014-15
 "Banking sector to stay under pressure in 2014: Fitch")
IDBI Bank hikes ceiling on MTN borrowing to $5 bn
Fitch assigns investment grade rating of "BBB-"
 "IDBI Bank hikes ceiling on MTN borrowing to $5 bn")
RBI poised to raise rates after inflation surges
High food prices are also becoming a major headache for an embattled government
 "RBI poised to raise rates after inflation surges")
Rupee gains on dollar inflows
The partially convertible rupee closed at 61.74/75 a dollar compared with 62.12/13 on Friday
Selvakesari is Citi's Asean consumer banking head
Appoints Kartik Kaushik as deputy head of consumer banking in India
RBI restricts FII purchases of additional shares in HDFC Bank
Stakes held by overseas investors in HDFC Bank have crossed the ceiling of 49% of its paid-up capital
 "RBI restricts FII purchases of additional shares in HDFC Bank")
RBI to unveil norms for early detection of stressed loans
At least five state-run banks on central bank's radar for lax credit appraisal
 "RBI to unveil norms for early detection of stressed loans")
'Frauds to the tune of Rs 2 cr in SKS Microfin'
SKS said cash embezzlement is 0.04% of disbursement during the year
 "'Frauds to the tune of Rs 2 cr in SKS Microfin'")
Jalan committee on new bank licences to hold meeting tomorrow
There are 25 players in the fray
Banks and corporates have entered into a cozy relationship: FM
Says working capital loans to companies have hit growth of corporate bond market
 "Banks and corporates have entered into a cozy relationship: FM")
MFIs certified for client protection
This week five MFIs received certification for client protection from Smart Campaign
 "MFIs certified for client protection")
2013: The unexpected reversal of interest rate cycle
The repo rate may end at a level where the year had begun, at 8%
 "2013: The unexpected reversal of interest rate cycle")
Why Sanjiv Bajaj wants to start a bank
Sanjiv Bajaj has a lot to offer as far as innovation in the lending business is concerned. Is that enough to land Bajaj Finance a banking licence?
 "Why Sanjiv Bajaj wants to start a bank")
Year 2013: The unexpected reversal of interest rate cycle
The repo rate may end at a level where the year had begun, at 8%
Cannibalisation: FCNR(B)'s gain is NRE's loss
But RBI is fine as long as it boosts sentiments
 "Cannibalisation: FCNR(B)'s gain is NRE's loss")
RBI panel may set CPI as main gauge: Nomura
RBI has been repeatedly saying that it looks at both the CPI and WPI data to arrive at monetary policy responses