Page 1309 - Finance News

'RBI must give bank licences to corporates with proven record'

A parliamentary panel last month opposed the new bank licences to corporate houses

Mid-sized foreign banks struggle to turn retail operations in India profitable

However, in the current environment, corporate banking can no longer be the only focus area

Chakrabarty says only provisional list of new banks by Jan

Finance Minister P Chidambaram on Saturday said seven licences will be issued in the current round of bank licensing

Basel III norms prevented merging subsidiary: Chaudhuri

Chaudhuri specifically pointed to steep salary hike which will have to be given to the employees of the merging subsidiary, which eats into capital base of the parent

Banks set for tepid earnings season: Analysts

RBI sees gross NPAs touching 3.8% at the end of the September quarter

SBI lags in business, profits per employee; RBI report

Business per employee of SBI in 2012-13 was Rs 9.43 crore

CRISIL downgrades NELCO's bank loans

Tata group entity hit by order delays

Raghuram Rajan's new brain-trust

Govt's cheap loan plan can have adverse effect: Chakrabarty

The RBI Deputy Governor says that if the interest rates go up investors will suffer

Economy to recover from stress soon: Chidambaram

Chidambaram hopes the national GDP growth this financial year would be better than last financial year

Will not reduce interest on consumer durable loans: HDFC Bank

Capital infusion, over and above the Budget provision of Rs 14,000 crore, comes ahead of the festival season and is aimed at providing cheaper loans for auto and consumer durables

IDBI Bank to pay 9.25-9.40% interest

For 500-day special deposit scheme the bank is offering 9.40% interest

Forex reserves fall $1.1 billion in a week

The reserves had jumped $2.03 billion to $277.38 billion in the previous week

High provisions, treasury losses may trim bank profits

However, better than their public sector peers, private banks such as ICICI, HDFC Bank, Axis will report lower profit growth thanks to rising macro challenges

RBI imposes penalty on co-op bank in Surat

These guidelines were regarding issuance of demand draft/pay order

Debt market volatility plays spoiler to NPS returns

Average YTD returns for Central and State Govt Schemes at 0.29% and 0.24% respectively, as on September 27, 2013

Deutsche Bank upgrades Tata Motors to BUY

In back of improving operating environment analysts change their recommendations

SBI joins ranks of dozen other headless PSUs

Delays in crucial PSU appointments a reflection of poor governance and political vested interests

FM's festival dhamaka may not fire up retail growth

Intent is good but has it come too late

Volatility raises stress on gold loan books of banks

However, scope for large-scale delinquencies limited due to frequent part-payments, regular auctions of pledged gold jewellery