Page 1308 - Finance News
RBI may make bank licensing process more frequent
Currently the central bank is in the process of issuing new bank licences. RBI is likely to issue the licences by Jan 2014
 "RBI may make bank licensing process more frequent")
SBI cuts bulk deposit rate; PNB, IDBI and OBC reduce lending rates
IDBI Bank to apply base rate for auto and home loans
 "SBI cuts bulk deposit rate; PNB, IDBI and OBC reduce lending rates")
Repo rate rise likely to continue this festive season
But RBI may introduce more measures to reverse tight liquidity conditions
 "Repo rate rise likely to continue this festive season")
Easy liquidity to boost Commercial Paper, CDs
Street hopes for a further cut in MSF rate
 "Easy liquidity to boost Commercial Paper, CDs")
RBI says banks can't bid for term repos at or below rate
Repo rate currently at 7.50%
 "RBI says banks can't bid for term repos at or below rate")
Economy has growth potential, CAD isn't an issue now: Rajan
RBI governor says diesel price rise a must, as is a fiscal cushion; says net FDI flow same as last year
 "Economy has growth potential, CAD isn't an issue now: Rajan")
No plan to slash lending rates, says SBI chief
'Priority is to intensify NPA recovery, reduce time for stressed assets' resolution; no merger with associates this year'
 "No plan to slash lending rates, says SBI chief")
Bond yields end near 3-week low
Monday, RBI cut MSF rate by 50 bps to 9%
 "Bond yields end near 3-week low")
OBC cuts interest rate on vehicle loan by 0.25%
Interest rate on commercial financing of four wheelers has been reduced to 12% from 12.25%
 "OBC cuts interest rate on vehicle loan by 0.25%")
PNB, OBC cut interest rate on car, consumer goods loans
Rate of interest on car loans by PNB has been reduced by over 1% to 10.65% on fixed basis
Capital infusion in PSU banks to boost investment: Rajan
Finance Ministry said last week that additional capital would be provided to banks to enable them to lend to borrowers in selected sectors
 "Capital infusion in PSU banks to boost investment: Rajan")
Yield curve to ease on RBI measure to reduce MSF rate: MFs
Around Rs 52,000 crore of cash management bills are due for redemption from October 14 to October 22
 "Yield curve to ease on RBI measure to reduce MSF rate: MFs")
Gold loan companies protest to RBI
Urge level playing field with banks, cite Rao panel report in their support; warn of loss of business to lenders in unorganised sector
 "Gold loan companies protest to RBI")
Central Bank of India's Tier I-II bonds downgraded by CRISIL
The Mumbai-based public sector lender is witnessing a sharp and sustained deterioration in asset quality
 "Central Bank of India's Tier I-II bonds downgraded by CRISIL")
India Inc credit quality slips, worse coming: CRISIL
The power, road transport and construction sectors witnessed highest number of downgrades in first half of the year
 "India Inc credit quality slips, worse coming: CRISIL")
RBI eases cash squeeze again, cuts MSF rate
Launches term repos; short-term borrowing set to become cheaper
 "RBI eases cash squeeze again, cuts MSF rate")
Canara Bank targets Rs 100 cr income from bancassurance
The Bank announced its tie up with Apollo Munich Health Insurance to provide health insurance to Canara Bank customers across country
 "Canara Bank targets Rs 100 cr income from bancassurance")
SKS goes for rebranding to tide over crises
The need for rebranding arises post a black swan event like the AP MFI crisis
 "SKS goes for rebranding to tide over crises")
I don't want seven more clones of existing banks, says FM
Says the new banks should have a differentiated approach to cater to the needs of a special group of customers who do not have banking today
 "I don't want seven more clones of existing banks, says FM")