Page 1302 - Finance News
Banks complete first phase of financial inclusion
Electronic benefit transfer (EBT) scheme is being implemented in seven districts on a pilot basis under the terms of a MoU entered into with the government of Karnataka
 "Banks complete first phase of financial inclusion")
No end to banks' woes; NPAs at 4.4% by Mar 2015: S&P
Report says infrastructure-related segments, metals and mining, commercial real estate and construction-related sectors will continue to show a weakness
 "No end to banks' woes; NPAs at 4.4% by Mar 2015: S&P")
LIC continues to swim against tide; picks up banks
Insurer cuts exposure to IT and pharma
 "LIC continues to swim against tide; picks up banks")
HSBC not to sell Pak operations
Sale failed to get regulatory approval
Will banking dreams of corporates under probe be scuttled?
Will corporate houses probed by federal agencies be eligible for banking licenses under RBI's 'fit and proper' criteria?
 "Will banking dreams of corporates under probe be scuttled?")
SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion
Other banks like Indian Overseas Bank will be getting Rs 1,200 crore while Punjab National Bank will get Rs 500 crore
 "SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion")
Government to infuse Rs.14,000 crore equity in banks
State Bank of India will get Rs 2,000 crore equity capital from the government.
FII holding in SKS Microfinance soars to 37% in July-sept qtr
FIIs have been raising their exposure in the firm in the past few quarters, after hitting a record low level of 8.33% during April-June quarter 2012
 "FII holding in SKS Microfinance soars to 37% in July-sept qtr")
India trims exposure to US govt securities at $57 billion
The country has reduced its holding of American treasury bills by as much as $1.9 billion
Special offers for NRIs from ICICI Bank
Bank giving special offers on housing loans, assistance for searching properties
 "Special offers for NRIs from ICICI Bank")
FM tells PSBs to step up NPA recovery
Says loan disbursals reject theory of gloom and doom
 "FM tells PSBs to step up NPA recovery")
MFIs' loan book to grow at 30-35% a year: Icra
Need capital injection worth Rs 5,500 cr
 "MFIs' loan book to grow at 30-35% a year: Icra")
FM wants govt banks to cut rates; lenders reluctant
Even after RBI's 50 bps reduction in MSF, cost of funds remains high for banks to offer fresh cuts in loan interest rates
 "FM wants govt banks to cut rates; lenders reluctant")
Odisha bankers asked to follow RBI rules on natural calamities
Phailin along with floods triggered by it have claimed more than 40 lives
 "Odisha bankers asked to follow RBI rules on natural calamities")
RBI rejects all bids for Gujarat in state development loans auction
10-year state developments loans auction was for thirteen states
Finmin finalises on Rs 14,000-cr capital infusion in banks
Government will infuse capital through preferential mode of allotment
 "Finmin finalises on Rs 14,000-cr capital infusion in banks")
SBI to take decision on raising fund from QIP in a month
Rajiv Takru said that banks will be allowed to raise capital from the markets in the proportionate amount infused by the govt to maintain the govt's shareholding
Post Banks apt for financial inclusion: Assocham
DoP has applied for a banking licence. RBI is expected to issue licences to shortlisted entities in Jan 2014
 "Post Banks apt for financial inclusion: Assocham")