Page 1296 - Finance News
 "A Snapshot of PE activity & deals")
Foreign bank subsidiaries get M&A, branch freedom
RBI's caveats: Curbs come in place if foreign banks exceed 20% of banking system's capital & reserves; half the directors must be Indian citizens
 "Foreign bank subsidiaries get M&A, branch freedom")
YES Bank to raise $125 mn from IFC
The money will be used by the bank to increase its exposure to MSMEs
 "YES Bank to raise $125 mn from IFC")
RBI receives $15.2 bn under forex swap window
The central bank had introduced this window in early September to check volatility in the rupee against the dollar
 "RBI receives $15.2 bn under forex swap window")
Banks must issue TDS certificates to customers in time
Banks must issue such certificates to customers whose I-T deducted at source within time-frame of ncome tax rules
 "Banks must issue TDS certificates to customers in time")
RBI asks finance cos to migrate to accepting only CTS-2010 cheques
NBFCs should not accept fresh or post dated cheques (old or CTS 2010 compliant) in locations where ECS available
Dena Bank to focus on retail, SME, farm sectors in tier-II cities
The bank will open a corporate branch in Indore and two branches in Shivpuri and Bhopal soon
 "Dena Bank to focus on retail, SME, farm sectors in tier-II cities")
No increase in base rate for now, says BoI
State Bank today revised its base rate by 20 basis points to 10% from 9.80%
 "No increase in base rate for now, says BoI")
SBI follows HDFC Bank, raises base rate by 20 bps
Rate hikes follow RBI's decision to raise repo rate by 25 bps
State-run banks' capital adequacy ratios dip on rise in credit demand
Data on the CARs differ according to whether PSBs have gone by Basel-II or Basel-III norms
Banks seek swap for interest portion of FCNR (B) deposits
Officials of the finance ministry and RBI would discuss the swap arrangement for the interest portion
 "Banks seek swap for interest portion of FCNR (B) deposits")
Religare Finvest reduces corporate loan exposure to tackle rising slippages
Considering the lumpiness of the loan book and a weak business environment, delinquencies could continue to increase and be volatile, says Icra
 "Religare Finvest reduces corporate loan exposure to tackle rising slippages")
Banks set up 24x7 self-service branches
60,000 new customers now transact at ICICI Bank's electronic branches every month
 "Banks set up 24x7 self-service branches")
Easing liquidity situation causes shift in money market
Short-term rates move towards repo level, CP issuances set to get a boost
 "Easing liquidity situation causes shift in money market")
Debt Market Outlook: Repo rate may be hiked further
US Fed's decision to defer tapering has given RBI enough elbow room to stabilise rupee and reverse monetary tightening measures in a gradual fashion
Rupee seen appreciating; bond yields may fall
According to currency dealers, even if it weakens initially at the start of the week, as the week proceeds the bias will shift towards appreciation
 "Rupee seen appreciating; bond yields may fall")
Allahabad Bank hikes deposit rates by 50-120 bps
The bank has not announced any revision in its base rate or minimum lending rate so far
 "Allahabad Bank hikes deposit rates by 50-120 bps")
RBI may have more role for Nachiket
Buzz is getting louder that the former banker is in line to be RBI deputy governor
 "RBI may have more role for Nachiket")
Forex reserves, rupee recoup half their Apr-Aug losses
RBI's swap windows have boosted foreign inflows over the past two months
 "Forex reserves, rupee recoup half their Apr-Aug losses")