Page 1310 - Finance News
Loan recast hits roadblock as promoters fail to contribute
Lack of consensus among banks leading to rejections
 "Loan recast hits roadblock as promoters fail to contribute")
Slowdown likely to offset weak rupee's boost to remittances
NRIs still send largest remittances than counterparts elsewhere
 "Slowdown likely to offset weak rupee's boost to remittances")
 "A month of new regime at RBI")
Winsome's lenders begin groundwork to recover loan
According to the lenders, Kroll's report was based on "hearsay and market intelligence", and not backed by corroborative facts
HDFC bank to double its branches in Chhattisgarh
The 37 branches that banks have located in 29 cities across state
 "HDFC bank to double its branches in Chhattisgarh")
FinMin circular on cheap loans and its impact on industry
However companies in this sector do not expect the move to give a major fillip to consumer demand and sales
 "FinMin circular on cheap loans and its impact on industry")
Rajan meets FM; discusses economic situation
The Central Board of Reserve Bank will meet in Raipur on Friday to discuss key economic and financial developments
 "Rajan meets FM; discusses economic situation")
MCX dilutes stake to 3.4% in DGCX on rights issue
MCX held 10 per cent stake in DGCX when it began operations in 2005 and later reduced it to 5 per cent
 "MCX dilutes stake to 3.4% in DGCX on rights issue")
APAC targeted M&A touches $349 bn till Sep 2013: Dealogic
China leads the nationality ranking with $156.9 billion worth of deals
 "APAC targeted M&A touches $349 bn till Sep 2013: Dealogic")
India tops global chart of remittances
Other large recipients include Pakistan, Bangladesh, Vietnam and Ukraine
DHFL launches Express Loan scheme for the festive season
Customers can get home loans sanctioned within 5 working days
Banks see rise in stress in gold loan portfolio on volatile prices
Bankers, however, claim that scope for large scale delinquencies is limited
 "Banks see rise in stress in gold loan portfolio on volatile prices")
India Infoline securitises Rs 123 cr of gold loans
IIFL would assign the future receivables arising out of the selected pool contracts to a Trust
ECB holds rates, waiting to see how recovery fares
Financial market attention now shifts to ECB President Mario Draghi's news conference
Banks post faster growth in H1FY14
Banks' investments in securities grew at 8.9% to Rs 21,8400 cr during March-end and September 20
 "Banks post faster growth in H1FY14")
Poor are more trustworthy and bankable: Chidambaram
He also exhorted banks to make tailor-made products designed keeping in mind the needs of the people
 "Poor are more trustworthy and bankable: Chidambaram")
Credit slowdown provides relief to banks: Fitch
Sustainability of this trend remained in doubt, as weakness might emerge if loan growth returned
 "Credit slowdown provides relief to banks: Fitch")
South Indian Bank eyes Rs 88,000-cr business this financial year
Says times tough; of Rs 5,000 crore loans sanctioned to corporates in last 6 months only 35% has been availed
 "South Indian Bank eyes Rs 88,000-cr business this financial year")
Micro-lenders look beyond Andhra for survival
Micro-lenders claim that these new rules have turned their businesses unviable and encouraged borrowers from not repaying money
 "Micro-lenders look beyond Andhra for survival")