Page 1300 - Finance News
FinMin relaxes norms for CMD jobs in PSBs
As per new guidelines, candidate needs to complete one year as executive director to become eligible for chairman and managing director
 "FinMin relaxes norms for CMD jobs in PSBs")
India Inc starts borrowing from banks as money market rates rise
RBI said banks should ensure better credit management practices while extending loans and keep a watch on their asset quality
 "India Inc starts borrowing from banks as money market rates rise")
Reserve Bank expects trade deficit to moderate in Q2
Swap facility for FCNR(B) deposits, bank overseas borrowings attracted $ 6.9 billion and $ 4.4 billion
 "Reserve Bank expects trade deficit to moderate in Q2")
RBI builds ground for rate increase, cites high inflation
The central bank may raise repo rate by 25 bps, sees modest growth in second half of this fiscal
 "RBI builds ground for rate increase, cites high inflation")
Dollar struggles near recent lows, Fed view may hurt
Most expect the central bank not to begin withdrawing the stimulus until March 2014
 "Dollar struggles near recent lows, Fed view may hurt")
Banks to recast crop loan in flood-hit areas
Stress is on converting short term loans to medium term loans at 5% pa, 2% pa for farmers
 "Banks to recast crop loan in flood-hit areas")
Pvt banks take upfront MTM hit
But analysts believe PSBs will be worse hit and will report higher MTM losses plus a rise in restructured assets
 "Pvt banks take upfront MTM hit")
Rate hikes do little to check inflation
Cheap policy rates will shore up sentiment
 "Rate hikes do little to check inflation")
Stocks: What to trade, how to trade it ahead of RBI meet
Also find out what is trend likely to be in mid-caps
 "Stocks: What to trade, how to trade it ahead of RBI meet")
Banking shares under pressure ahead of RBI meet
SBI, YES Bank, Union Bank of India,BOB, PNB and IndusInd Bank are down 2-6% on the National Stock Exchange.
 "Banking shares under pressure ahead of RBI meet")
Sinha seeks tax sops for proposed real estate investmt trusts
It is felt that the move will go a long way in helping the cash-strapped companies raise funds
 "Sinha seeks tax sops for proposed real estate investmt trusts")
Foreign banks offer dual-rate products
To attract home loan borrowers but say these are quite unlike RBI's disliked teaser offerings
 "Foreign banks offer dual-rate products")
ING Vysya's H1 advances up 9%
Customer assets (including advances) grew 14.2% to Rs 34,971 cr at the end of Sept 2013
Vizag Co-op Bank's new deposits up 25%
New deposits stood at Rs 209 cr in H1 as against Rs 167 cr in the same period last year
Assocham expects 0.25% cut in policy rate
Equally important thing is the normalisation of other aspects to monetary policy so that we are at least back to normal functioning of monetary policy, says Rana Kapoor
 "Assocham expects 0.25% cut in policy rate")
RBI queries applicants, regulators on new bank licences
Central bank conducting preliminary screening process for 26 entities that have submitted their applications
 "RBI queries applicants, regulators on new bank licences")
RBI may hike interest rate this week, MSF rate cut likely
A hike in repo rate by 25 basis points is expected on October 29 to anchor inflationary expectations going forward, says SBI Chief Economic Adviser Soumya Kanti Ghosh
Capital infusion in PSBs rests on December review
Rules out plan to take World Bank loan for equity infusion
Do not to make blind bets in currency, it's not everyone's cup of tea: S S Mundra
Q&A with chairman, managing director, Bank of Baroda
Indian expats world's top remitters back to home country: World Bank report
The World Bank data showed that amounts transferred by the migrant workers of India and the Philippines will hit 97 billion dollars
 "Indian expats world's top remitters back to home country: World Bank report")