Page 1285 - Finance News
Federal Bank appoints Koshy as chairman
Koshy had joined the bank's board as an independent director in May, 2007
Allahabad Bank to raise money through QIP route in next fiscal year
The bank will focus on SME and retail sector for credit disbursement growth
 "Allahabad Bank to raise money through QIP route in next fiscal year")
CIBIL to rate Micro Finance Institution borrowers
The total record base with CIBIL currently stands at around 320 million across all Bureaus
 "CIBIL to rate Micro Finance Institution borrowers")
Canara Bank cuts term deposit rates
New rate for deposits of Rs 1 crore and above for 61-90 days will be 7.75%
 "Canara Bank cuts term deposit rates")
RBI proposes new capital rules for banks too-big-to-fail
Motilal Oswal estimated the RBI could class at least 15 domestic banks, including ICICI Bank and Axis Bank , as domestic systemically important banks
 "RBI proposes new capital rules for banks too-big-to-fail")
 "SBI graft case: Internal report misses deadline")
New stress-testing guidelines for banks
The Reserve Bank (RBI) on Monday issued updated guidelines for stress-testing banks, effective from April
 "RBI panel for buffers of up to 2.5% of risk assets")
RBI to list banks that can hit the system
To disclose names by Aug 2015; foreign banks to be covered too
 "RBI to list banks that can hit the system")
 "Reserve Bank revises norms on general credit card scheme")
Insurers not hopeful of banks entering broking business
RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers
 "Insurers not hopeful of banks entering broking business")
Banks cap foreign spends on cards to check frauds
Move aimed to reduce scope of frauds as electronic payment systems are becoming vulnerable to misuse
RBI shuts forex window for oil firms as rupee stabilises
Banks' overseas borrowings, FCNR (B) swap window fetch $34 bn
 "RBI shuts forex window for oil firms as rupee stabilises")
 "Refinance for Sidbi to ease liqudity stress")
MFIs add 2.5 million clients in a year till Sept
The gross loan portfolio of these MFIs expanded 30% to Rs 22,138 crore in September 2013
 "MFIs add 2.5 million clients in a year till Sept")
SBI to raise up to $1.5 billion via share sale
Plans to raise Rs 2,000 cr through sale of shares to govt on preferential basis
 "SBI to raise up to $1.5 billion via share sale")
'Bitcoin' becoming a bit too big; regulators scramble for norms
A misuse is possible by fraudsters to lure gullible investors into 'e-ponzi' schemes
 "'Bitcoin' becoming a bit too big; regulators scramble for norms")
RBI may allow up to 74% FDI in credit info companies
The investor company should preferably be a listed company on a recognised stock exchange
Mahila Bank targets business mix of Rs 60,000 cr by 2020
BMB expected to launch loans for setting up catering services and hygienic day-care centres for children of working women
 "Mahila Bank targets business mix of Rs 60,000 cr by 2020")