Page 1289 - Finance News

AIBEA opposes RBI move to grant licenses to private entities

Issuing of license will not only result in ignoring the priority sector but will also lead to profiteering: AIBEA

SBI chief seeks new financial products to fund infra sector

A majority of the infra financing is presently being done by banks, who do not have access to long-term money

Automatic tax info exchange to hurt fund flows: Swiss banks

The grouping expects the fall in volume of assets since previously untaxed assets would have to be regularised before the move to automatic exchange of information can take place

National Australia Bank plans to expand Indian operations

To enter remittance segment to tap NRIs in Australia, New Zeland

New products vital to fund infra projects: SBI chief

Curently most infra projects are financed with 8-10 year term loans while assets will have useful life of 25 years and beyond

Rupee ends strong due to Reserve Bank intervention

Rupee ended at Rs 62.83 compared with previous clsoe of Rs 62.94 per dollar

Taking stock

RBI on Axis Bank's FII limit

RBI extends bank's special forex window till December 31

But it'll remain open only to those banks negotiating loans or close to closing them

Union Bank raises Rs 2,000 cr to shore up capital

Bank's total capital adequacy ratio was at 9.72% as of the July-September quarter

Bank unions to observe one-day strike on Dec 19

UFBU deliberated at length about the anti-people policies of the govt and decided to launch a one-day country-wide token strike

RBI gives leeway to banks for borrowing under concessional swap window

Banks will have to get firm commitment from international/multilateral financial institutions in regard on or before Nov 30

RBI to sell Rs 1,000 cr inflation indexed bonds on Nov 26

Interest at the rate of 1.44% per annum will accrue on the indexed principal value of the bonds from the date of original issue

India leads in use of mobiles for payment

Double digit growth in ATMs driven primarily by private sector banks

Bad loans a rising threat, up 50% over FY13

Cobrapost fallout: RBI mulls code for third-party products

Loans to Nafed turn NPAs

Banks to take a haircut if government allows one-time settlement

Rajan backs views of most TAC members

Panel on monetary policy wanted a rise of 25 basis points in repo rate and a cut in MSF rate by the same amount

RBI Plans on to reduce banks' reliance on G-secs gradually

Will help ensure flow of credit to productive sectors of the economy

Red flag over realty exposure of banks

RBI says capital deterioration in govt banks a concern; sees room for stake sale