Page 1295 - Finance News
PNB net at 24-quarter low
Provisioning surges as asset quality dips, loan growth disappoints; analysts likely to cut year's earnings estimates
 "PNB net at 24-quarter low")
RBI hikes ways and means advances limit of states
Current limit for states inclusive of union territory of Puducherry at Rs 10,240 crore for year 2013-14
 "RBI hikes ways and means advances limit of states")
New norms for foreign banks point to more reforms: Fitch
Foreign banks with 20 or more branches anyway obliged to comply with broad and sub-targets under PSL, and have until FY18 to do so
 "New norms for foreign banks point to more reforms: Fitch")
PNB, Canara Bank raise deposit rates by 25-50 bps
The rate revision by banks follows the RBI raising the repo rate 0.25 per cent
 "PNB, Canara Bank raise deposit rates by 25-50 bps")
UBS agrees to buy back rescue fund for $3.8 bn
The Stability Fund was established in October 2008 as part of measures to stabilise UBS and bolster the Swiss financial system
 "UBS agrees to buy back rescue fund for $3.8 bn")
City Union Bank Q2 profit up by 5%
The total income stood at Rs 702.14 crore for the quarter, compared to Rs 596.03 crore
PNB Q2 profit plunges 53% on higher provisioning
NPAs rise to 3.07% from 2.69% in the same period last year
RBI's foreign bank norms signal prospect of more reforms:Fitch
RBI has recently come out with detailed guidelines for subsidiarisation of domestic foreign banks
 "RBI's foreign bank norms signal prospect of more reforms:Fitch")
Bharatiya Mahila Bank skips Delhi launch due to Assembly polls
Chidambaram to inaugurate the women's bank in Mumbai on Nov 19
 "Bharatiya Mahila Bank skips Delhi launch due to Assembly polls")
Moody's affirms ratings for Axis, ICICI and HDFC Bank
Says strong profitability, capital buffers will help the banks sustain credit quality
 "Moody's affirms ratings for Axis, ICICI and HDFC Bank")
FinMin shortlists EDs for top job in six govt banks
Ashwini Kumar may move to BoB; Six EDs identified to fill up vacancies in FY15
 "FinMin shortlists EDs for top job in six govt banks")
Centre sets Rs 1-lakh-cr retail loan disbursal target for PSBs
To aid economic recovery, loans to be offered at low interest rates
 "Centre sets Rs 1-lakh-cr retail loan disbursal target for PSBs")
RBI signs cooperation pacts with central banks of Australia & NZ
The memoranda of understanding (MoUs) provided a formal, yet legally non-binding, channel for information exchange between the supervisors
Foreign lenders wait for better clarity
Stamp duty relaxation does not find any mention in central bank's framework for setting up a Wholly-Owned Subsidiary
 "Foreign lenders wait for better clarity")
SBT net down 24% in H1
Total business moved to Rs 1,58,832 crore, up 19.28 per cent, from Rs 1,33,162 crore last year
Rupee to stabilise in a day or two: FinMin
Rupee weakened to 62.58 against the US dollar in the early trade today
 "Rupee to stabilise in a day or two: FinMin")
Banks offer overseas staff training for high insurance sales
Training programme is intended to nurture expertise in customer service and develop specialised skills such advisory roles require: HDFC Bank
FinMin brings back lateral transfer of CMDs in govt banks
Ashwini Kumar may move to BoB; 6 EDs identified to fill up vacancies in FY15
Home and auto loans get dearer
SBI, HDFC Bank raise base rates by 0.2% each
 "Home and auto loans get dearer")
 "A Snapshot of PE activity & deals")