Page 1314 - Finance News

Basel panel flags banks' euro 115-bn capital shortfall

The findings are based on the banks' balance sheets at the end of last year, the Basel Committee of global regulators said on Wednesday

SKS management rebuts Akula's charges

Vikram Akula had said the gold loan scheme that SKS was running was akin to "pawn broking", which company had begun after he'd left

E-transactions to dominate volumes over non-cash ones in next three years

The contribution of e-channels to overall non-cash transaction volumes grew from 15% in 2003-04 to 50% two years ago

SBI contests Moody's downgrade

Bank turns selective in lending to companies; will give credit to investment-grade firms to protect its asset quality

SBI taps marginal standing facility after LAF curbs

Bank expects to see improvement in deposit mobilisation after recent rate hike

Tight liquidity leaves corporate bond street dry

RBI's decision to raise repo rate to 7.5% further dampened sentiment

JPMorgan, others 'sued' over Libor

Banks sued for alleged manipulation resulted in a loss of income from investments and assets held by 5 failed corporate credit unions

Global bond index entry on RBI's radar

Corporate default rate at decade-high of 4.5%

In FY12, the default rate stood at 3.5%, while in FY11, it was 0.3%

K C Chakrabarty lauds banks for fin inclusion

Chakrabarty emphasised the need for inculcating the habit of savings among the rural people and called upon them to avail credit facilities from banks to improve their living standards

RBI relaxes trade credit norms

The amended policy has come into force with immediate effect

IDF norms tweaked to give infra funds more leeway

NBFCs lending to infra firms can recover their non-performing assets without court intervention

RBI extends trade credit up to $20 mn to firms in all sectors

Also relaxes ab-initio contract period of 15 months for all trade credits to 6 months

Only 40,000 villages in India have bank branches: K C Chakrabarty

The country has a total of 600,000 villages

What are bond indices

Raghuram Rajan recently said, efforts would be made about bringing India into some bond indices that exist globally

PSU bank employees unions call off Sep 25 strike

Finance Ministry official assures there is no plan to merge PSBs

Catholic Syrian Bank gets shareholders' nod for IPO

CSB is only Kerala-based bank which had not gone for public issue so far

Lakshmi Vilas Bank hikes domestic term deposit rates

Raised interest rates on one-year deposits by 50 bps to 10%

SKS signs Jack Trout for rebranding

Despite this, it is imperative on the part of the MFI to revisit brand propositions to further strengthen its brand equity among its key stakeholders

Saraswat Co-op Bank, Shamrao warm up to the idea of private bank

Both co-op banks have begun groundwork to travel the path and are awaiting RBI norms for conversion