Page 1281 - Finance News

DCB Bank eyes major expansion in Chhattisgarh

The bank opens two branches to start with

Unclaimed deposits of Rs 3,652 crore lying with banks

Banks are required to submit a return to the Reserve Bank within 30 days of the close of the calendar year

Defaulters may have to pay higher rates, warns RBI

Governor says central bank will come out with a discussion paper next week on rising NPAs

Ministries spar over due-diligence reports

DFS writes to departments that haven't responded to RBI's request for information

Analysts see Rajan effecting third hike on December 18

Main concern for the central bank will be inflation, which may compel it to raise the policy rate again next week by 0.25%: HSBC

Rupee, bonds fall after rate hike bets rise

Rupee fell to as much as 62.18 to a dollar and was last trading at 62.14/15

Banks want more time for biometric card authentication

RBI mandated banks that all new cards must be enabled for both EMV chip and PIN and Aadhaar (biometric validation) acceptance

Market expects 25-bp repo rise

In the current financial year RBI has twice raised this rate

We want a bank licence, but not at any cost, says Shriram Group patriarch

R Thyagarajan says NBFC and bank arms should be allowed to co-exist, calls for separate regulator for NBFCs

New Bank Licences: Rajan optimistic on Jan date

Admits foreign banks not keen on subsidiary format

Market verdict: Expect 25 bps rate hike on Wednesday

Discussions have now shifted from whether RBI will increase rates on Wednesday to by how much

Report on new bank licences 3 months after screening: Jalan

Indicates the new licences wouldn't be given out by January, contrary to expectations

Credit growth a bit down in November

Deposit growth improves to 16.11%

RBI's 14-day term repo auction on Friday

Move comes in the wake of tightening liquidity in the system due to advance tax outflows later this month

RBI to introduce steps to bolster bond market: Rajan

Cautions about 'unexpected results' that the tapering of US quantitative easing may have

Lanco gets lenders' approval for CDR

Co expects turnaround by March

Canara Bank could soon get to attach DCHL's assets

Loan is partially secured because there are securities that have multiple charges to various institutions

Moody's lowers Central Bank's credit assessment

Affirms local currency, foreign currency deposit rating at "Baa3"

Shriram Equipment Finance plans to raise Rs 200 cr

IDBI Bank plans to double MSME, consumer loans in Gujarat

The bank will be opening 12 new branches in the state by end of financial year 2013-14