Page 1305 - Finance News
Corporation Bank's new CMD sets clear agenda
Raise share of low cost deposits, control slippages, improve asset quality
 "Corporation Bank's new CMD sets clear agenda")
Bajaj Finserv's Q2 net jumps to Rs 277 cr
Company's consolidated gross revenue up by 9% to Rs 4,056 cr in the July-September quarter
Inflation to ease; RBI likely to cut MSF rate: Assocham
Reserve Bank on Oct 7 reduced MSF rate to 9% to improve liquidity in the system
 "Inflation to ease; RBI likely to cut MSF rate: Assocham")
HDFC Bank Q2 net up 27.1% to Rs 1,982 cr
Non-interest income increased by 25.3% to Rs 1,471.8 crore
 "HDFC Bank Q2 net up 27.1% to Rs 1,982 cr")
Analysts expect RBI to hike repo by 25 bps, cut MSF by 25 bps
With inflation now out of RBI's comfort zone for four months in a row, a 0.25% repo rate hike is expected, says Crisil
 "Analysts expect RBI to hike repo by 25 bps, cut MSF by 25 bps")
Credit bureau of MFIs brings details of small borrowers to the fore
So far, details of about 25 million small borrowers are available
IndusInd Bank net rises 32% on high interest, fee incomes
The bank's total income increased 19% to Rs 2,435 crore
 "IndusInd Bank net rises 32% on high interest, fee incomes")
With rise in WPI, Street expects RBI to raise repo
In September, inflation stood at 6.46%, the highest since February
 "With rise in WPI, Street expects RBI to raise repo")
LIC HFL reduces home loan rates by 0.25%
New rates on home loans are applicable up to November 30
 "LIC HFL reduces home loan rates by 0.25%")
Bigger play for foreign banks easier said than done?
A policy framework for entry of foreign banks in a "big way" will be unveiled soon, but is the environment encouraging?
 "Bigger play for foreign banks easier said than done?")
IndusInd Bank Q2 net up 32% at Rs 330 cr
Gross NPA at 1.11% v 1.06% q-o-q
 "IndusInd Bank Q2 net up 32% at Rs 330 cr")
New bank licences: NBFCs may get priority
RBI deputy governor says there is separate panel that will screen applications put in by aspirants
 "New bank licences: NBFCs may get priority")
New rules may allow foreigners to take over of Indian banks
RBI Governor Raghuram Rajan says policy on foreign banks will come out soon
 "New rules may allow foreigners to take over of Indian banks")
Xpress Money to seek RBI nod to enter account credit segment
The move comes amid reports that the country will continue to top the remittances market this year as well
 "Xpress Money to seek RBI nod to enter account credit segment")
J&K Bank sees net spurting 25% to Rs 1,300 cr this fiscal
The bank will also maintain its net interest margin at over 4 %, one of the highest in the industry, says CEO Mushtaq Ahmad