Page 1290 - Finance News
'Banking business of Rs 288 lakh cr by 2020'
The banking sector also needs to match-up to the likely acceleration in the credit to GDP ratio as the economy expands, according to RBI
Amend laws to speed up recovery of bad bank loans: Association
According to RBI, bad loans worth Rs 1,41,295 crore were written off between 2007 and 2013
 "Amend laws to speed up recovery of bad bank loans: Association")
NPA crisis shows signs of deepening: RBI
Spurt in doubtful loans a matter of concern
RBI asks banks to fine-tune recovery, due diligence for NPAs
Net NPAs as per cent of net advances for banks stood at 1.7% in FY13 as against 1.3% previous year
RBI classifies SKS as NBFC-MFI
RBI reclassified company based on its application on January 31, 2013
 "RBI classifies SKS as NBFC-MFI")
Impact investors now tap urban poor market
Visible shift from earlier practice where focus of most impact funds was on funding micro finance institutions
 "Impact investors now tap urban poor market")
7 things to know about India's first women's bank
India's first women bank, the Bharatiya Mahila Bank turns operational today in mumbai
 "7 things to know about India's first women's bank")
China central bank suggests faster tempo for freeing yuan
The central bank under Zhou Xiaochuan has consistently flagged its intention to liberalise financial markets and allow the yuan to trade more freely
 "China central bank suggests faster tempo for freeing yuan")
 "RBI asks NBFCs to gear up for Lok Adalat")
IFC issues Rs 1,000-cr rupee bond to prop up capital markets
The bond is IFC's first rupee issuance, and the first bond issued under its $1 billion offshore rupee bond program
 "IFC issues Rs 1,000-cr rupee bond to prop up capital markets")
FirstRand Bank mulls taking the subsidiary route in India
The bank is present in various African countries, including Nigeria, as well as in the UK, Dubai, Australia and China
RBI gets $22.7 bn in forex under special swap windows
The central bank had announced such schemes to boost sentiment in the foreign exchange market and attract dollar flows. It is yet to specify how much it has collected under each window
 "RBI gets $22.7 bn in forex under special swap windows")
Reciprocity sword hangs over big foreign banks
Subsidiary route may not give branch expansion freedom to many like Citi, StanChart and HSBC
 "Reciprocity sword hangs over big foreign banks")
No early debt recovery for lenders on Airport Metro line
The lenders are a consortium of ten banks led by Axis Bank
 "No early debt recovery for lenders on Airport Metro line")
RBI asks NBFCs to take part in Lok Adalat on Nov 23
Lok Adalat will be organised in all the districts of the country to settle long pending cases of dues
Forget leaky PDS, it's the banking system that needs a fix
RBI Deputy Governor says Indian banks have written off Rs1 lakh cr in the last 13 years
 "Forget leaky PDS, it's the banking system that needs a fix")
FirstRand Bank mulls WoS route
May be the maiden foreign lender to adopt the wholly-owned subsidiary route
Subsidiaries may not guarantee near-national treatment for foreign banks
Reciprocity clause likely to prevent liberal branch expansion
 "Subsidiaries may not guarantee near-national treatment for foreign banks")
FIS to provide tech solutions to BMB
US-headquartered firm aims to bag more mandates in India
 "FIS to provide tech solutions to BMB")
RBI asks PSBs to give loans to women's groups at 7% interest
PSBs will be subvented to the extent of difference between the Weighted Average Interest charged and 7% subject to the maximum limit of 5.5%
 "RBI asks PSBs to give loans to women's groups at 7% interest")