Page 1294 - Finance News
CAD in FY14 will be less than 3% of GDP: Rajan
Current capital flows sufficient to fund curent account deficit
 "CAD in FY14 will be less than 3% of GDP: Rajan")
Challenges mount for PSBs as performance deteriorates: India Ratings
Any dilution in govt's stance on equity injection due to fiscal pressures could have an immediate impact on the ratings of weak banks
 "Challenges mount for PSBs as performance deteriorates: India Ratings")
IOB to raise Rs 1,626 cr from govt & LIC
Bank has got the board's nod for preferential allotment of equity shares
 "IOB to raise Rs 1,626 cr from govt & LIC")
PM & Sonia to woo women with banking schemes
Bharatiya Mahila Bank would offer special schemes to women opening an account with it
 "PM & Sonia to woo women with banking schemes")
Bankers see longer rate hike season
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable
 "Bankers see longer rate hike season")
34k bank branches at risk as MS to end Windows XP support
Study shows 34,000 branches vulnerable as Windows XP penetration in Indian banks at 40-70%
 "34k bank branches at risk as MS to end Windows XP support")
RBI asks NBFCs to file and register all records of equitable mortgages
Besides that, RBI also asked regulators to register the records with the Central Registry
Assocham for flexibility in borrowing via bonds, MTNs
Move could help the lenders garner funds with a minimum tenure of 3 years from good quality institutional investors
 "Assocham for flexibility in borrowing via bonds, MTNs")
Swap carrot, weak rupee pull in record forex from NRIs in Sept
Deposit flows cross $10-billion mark; flow highest in NRE deposits at $4.87 bn
 "Swap carrot, weak rupee pull in record forex from NRIs in Sept")
Union Bank of India raises deposit rates
To raise Rs 2,500 crore capital this fiscal
 "Union Bank of India raises deposit rates")
Swap window for NRI deposits, borrowings fetches $17.5 bn
The swap window is open till November 30
 "Swap window for NRI deposits, borrowings fetches $17.5 bn")
OMOs: Bond market's need of the hour
In November the RBI is auctioning government bonds for a notified amount of Rs 75,000 crore
YES Bank to boost MSME portfolio with IFC loan
MSME portfolio presently comprises 36% of its loan book, and the bank aims to increase this to 50% over the next 5 yrs
 "YES Bank to boost MSME portfolio with IFC loan")
Gold dips below Rs 31k on stockists selling, weak global cues
Silver found some buying support from industrial units and ended higher by Rs 110 to Rs 49,010 per kg
 "Gold dips below Rs 31k on stockists selling, weak global cues")
PM's council wants govt to cut stake in banks to 51%
Says licensing of new banks should be a continuous process instead of the current stop-go system
 "PM's council wants govt to cut stake in banks to 51%")
New bank licences: Sebi scans listed applicants, group firms
RBI is granting new bank licences for the first time in about a decade and preliminary screening process is underway for 26 entities
 "New bank licences: Sebi scans listed applicants, group firms")
New norms for foreign players not to hit Indian banks: Union Bank
The new banking entrants will ensure more competition in the market and ultimately, will provide benefit to the consumers
J&K Bank Q2 net profit rises 12%
Better margin, higher interest income drive earnings growth
UBI incurs loss of Rs 489.5 crore in Q2
Provisions quadruple as asset quality deteriorates sharply
 "UBI incurs loss of Rs 489.5 crore in Q2")
Indian Bank's profit dips 38%
Total income registers growth of 8% to Rs 4,078 cr
 "Indian Bank's profit dips 38%")