Page 1291 - Finance News
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")
Bond yield spike should ease on RBI action: Chidambaram
The yield on the 10-year benchmark at Tuesday's close was nine per cent
 "Bond yield spike should ease on RBI action: Chidambaram")
RBI seeks lenders' feedback on banking licence seekers
From business conglomerates to micro lenders had applied. New bank licences are being awarded after more than a decade
 "RBI seeks lenders' feedback on banking licence seekers")
Chit fund regulation: SC issues notices to Centre, RBI and Sebi
The Supreme Court has asked the authorities to reply to the notices within four weeks
 "Chit fund regulation: SC issues notices to Centre, RBI and Sebi")
Bharatiya Mahila Bank starts with 7 branches
Doubts remain over objective in achieving women empowerment
 "Bharatiya Mahila Bank starts with 7 branches")
Bitcoin gaining validity fuels rally
There are 12 mn Bitcoins in circulation, according to Bitcoincharts, a website that tracks activity across various exchanges
ICICI Bank raises $750 million from sale of overseas bonds
The bank said the money was raised yesterday as part of its $5 billion medium term note programme
 "ICICI Bank raises $750 million from sale of overseas bonds")
IOB to allot 22.97-cr shares to Centre on preferential basis
Bank says allotment subject to approval by shareholders at upcoming EGM
 "IOB to allot 22.97-cr shares to Centre on preferential basis")
Bond yields spike temporary; will ease on RBI action: FM
Bond yields have risen since RBI raised interest rates for a second consecutive month on Oct 29
 "Bond yields spike temporary; will ease on RBI action: FM")
Banks wrote off Rs 1 lakh cr in 13 years: Chakrabarty
He said over 95% of such write-offs have been observed in the case of big accounts
 "Banks wrote off Rs 1 lakh cr in 13 years: Chakrabarty")
Moody's maintains negative outlook on Indian banks
Asset quality to continue deteriorating, particularly for public sector banks
 "Moody's maintains negative outlook on Indian banks")
No trade in 10-year benchmark bond
Other government bonds hog the limelight, with the 8.28% 2027 security recording the highest trading volume
 "No trade in 10-year benchmark bond")
SBI classifies its Rs 250 cr of dues as bad loans
About 12 other lenders with combined exposure of Rs 1,200 cr likely to follow
 "SBI classifies its Rs 250 cr of dues as bad loans")
EC allows launch of first all-women Bharatiya Mahila Bank
Commission has said government should ensure that no publicity of the bank opening be done in poll-bound states
Banks struggle to expand in unbanked, rural areas
The State Level Bankers Committee (SLBC) had advised the banks to open at least 1000 branches in 2013-14
 "Banks struggle to expand in unbanked, rural areas")
'Parents hand cash to children as incentives'
Indian parents' outlook towards giving money to their kids is unlike parents in the West, who treat pocket money as a reward for household chores
Repco Bank targets 25% growth in 2 years
As on September 2013, the bank reported a profit of around Rs 49 cr and plans to reach Rs 100 cr profit by the end of this financial year
 "Repco Bank targets 25% growth in 2 years")