Page 1311 - Finance News
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")
Bank credit to commercial real estate picks up in FY14
NBFCs see spurt in loan growth with an increase of 18% in August
 "Bank credit to commercial real estate picks up in FY14")
Defaults on second home loans increase
High interest, inflation & grim job scenario result in repayment hurdles
 "Defaults on second home loans increase")
BS Bank Aspirex outperforms the market in September
L&T Finance Holdings, IFCI, Bajaj Finance, LIC Housing Finance and Aditya Birla Nuvo had rallied more than 10% each on the BSE.
 "BS Bank Aspirex outperforms the market in September")
Fund mop-up via preferential allotment hit 8-month low in August
In May, funds garnered by companies through preferential allotments were as high of Rs 11,878 crore
 "Fund mop-up via preferential allotment hit 8-month low in August")
Shutdown of US government to hit Indian exports: Industry
The US government today shutdown for the first time in nearly 18 years
Cost of funds could go up by 10 bps next quarter: Axis Bank
Bank to focus on home loans and loan against property within retail segment
 "Cost of funds could go up by 10 bps next quarter: Axis Bank")
Muthoot Finance announce maiden ESOP
Will grant employee stock options to employees through one or more employee stock options schemes
 "Muthoot Finance announce maiden ESOP")
Buyers default on second home loans
High rates of interest on home loans, high food and medical inflation and grim job situation have led to repayment issues
 "Buyers default on second home loans")
Refinancing ECBs with high-cost ones no longer allowed
The move is effective from Tuesday
 "Refinancing ECBs with high-cost ones no longer allowed")
Capital ratio dips, profit falls, bad loans rise in FY13
Some analysts estimate that government-owned banks will need at least Rs 1.75 lakh crore to prevent capital erosion due to loan impairment
 "Capital ratio dips, profit falls, bad loans rise in FY13")
Rupee logs first monthly gain since April
Q1 CAD figures to provide strength
 "Rupee logs first monthly gain since April")