Page 1312 - Finance News
Govt yet to name new State Bank of India chief
Government sources indicate a new chief would be appointed in a couple of days
 "Govt yet to name new State Bank of India chief")
RBI to infuse Rs 10K cr into market to ease liquidity via OMOs
OMOs refer to the sale or purchase of government securities
 "RBI to infuse Rs 10K cr into market to ease liquidity via OMOs")
Sebi issues norms to simplify registration process for brokers
The new norms would do away with the current system that require stock brokers to get separate registration certificates from Sebi
 "Sebi issues norms to simplify registration process for brokers")
RBI directive on credit limits will help SME exporters
Owing to depreciation of the rupee, the un-availed component of foreign currency export credit was reduced for exporters
 "RBI directive on credit limits will help SME exporters")
NABARD takes to pvt sector financing
NABARD will now finance storage infrastructure projects of private firms & private entrepreneurs
RBI to provide Rs 20,000 cr through WMA window to Centre
Interest rate on the WMA would be equal to the repo rate
Bank of Baroda raises fixed deposit rates by up to 0.50%
Leaves interest rate unchanged for deposits less than 271 days
India's external debt declines by $3.6 bn in Q1
The share of ECBs continued to be the highest at 30.7 per cent of total external debt
Net NPA of banks rises to 1.68% in 2012-13: RBI
Reflects deterioration in economic activities
'India exploring possibilities of FTAs with emerging markets'
The Commerce and Industry ministry feels that the review exercise will help in negotiating with some of the emerging markets
 "'India exploring possibilities of FTAs with emerging markets'")
SAT sets aside Sebi order against 3 GEE promoter entities
Sebi had slapped a total penalty of Rs 27 lakh on Vidhya Finvest, Sanwarmal Agarwal and Shankarlal Agarwal for allegedly indulging in manipulative trades
 "SAT sets aside Sebi order against 3 GEE promoter entities")
CLP India ties up with StanChart, IDBI Bank, IDFC for finance
The company signed a "pooled financing" agreement for its wind power assets with the banks
RBI working overtime to meet Rajan's licence deadline
RBI has deployed additional hands to screen the applications which range from business conglomerates to micro-lenders
BoI plans to mobilise $1 bn via FCNR (B)
The cost of funds (from FCNR-B) after swapping is about 8.5%, cheaper than the prevailing rates in the market
 "BoI plans to mobilise $1 bn via FCNR (B)")
Rupee, bond yields might rise this week
There could be less appetite for government bond due to RBI's recent repo rate increase in the mid-quarter monetary policy review
 "Rupee, bond yields might rise this week")
RBI likely to finish scrutiny of bank licence applications in a month
Shortlisted names would be forwarded to Bimal Jalan panel for further action
 "RBI likely to finish scrutiny of bank licence applications in a month")
Yes Bank to sharpen focus on emerging sectors to boost growth
Bank identifies sectors largely driven by domestic consumption, such companies dedicated on consumption-bound growth
 "Yes Bank to sharpen focus on emerging sectors to boost growth")
Parliamentary panel against entry of corporate houses in banking space
The panel, headed by Yashwant Sinha, also recommends doubling of initial paid-up capital to Rs 1,000 cr
RBI defends letting corporates apply for banking licences
But also says test for supervisory effectiveness for preventing self-dealings
Karvy plans to tap group's resources for repository biz
Karvy Insurance Repository has received approval from Irda to become an Insurance Repository
 "Karvy plans to tap group's resources for repository biz")