Page 1315 - Finance News

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

Chaudhuri leaves SBI merger for successor

Says groundwork ready but incoming team should decide

Fitch cuts viability ratings of PNB, BoB, Indian Bank

Affirms issuer default rating for SBI, IDBI, ICICI and Axis Bank

Vikram Pandit in RBI's financial inclusion panel

This would be the first time that Vikram Pandit, who had steered Citigroup during the financial crisis of 2008-09, would be part of an RBI-appointed panel

In a first, Deutsche Bank gets $450 mn via FCNR (B) swap

Raises over $450 million FCNR (B) deposits from more than 10 NRIs

RBI downplays Moody's downgrading

Moody's downgraded SBI, citing reliance on a fiscally constrained government to maintain adequate capital

Moody's downgrades SBI's rating to 'Baa3'

Changes outlook on financial strength to negative

Citigroup sees worst over for Asian currencies

Capital Local Area Bank makes hay in Punjab's virgin market

Has secured the Reserve Bank's approval to expand into more districts of the state

Vizag Co-op Bank announces 20% dividend

It would distribute Rs 6.61 crore to its 42,000-odd shareholders

Moody's cuts SBI's debt rating to 'Baa3'

Cites asset quality and recapitalisation concerns

IOB seeks Rs 2,100-cr capital infusion from govt

Govt has informed Bank that its request for capital fund under government's consideration

Rupee to weaken

Month-end dollar demand from importers will keep the rupee under pressure

ECS, Indonesia's PT Collega partner for technology upgrade

Another 0.5% repo hike in offing, say analysts

RBI chief Raghuram Rajan spooked markets at his maiden policy announcement by increasing repo rate by 0.25% citing increased worries on inflation

Rupee logs biggest decline globally in August: WFE

Fall in rupee value against dollar was worst compared to its peers across Asia, Americas, Africa, Europe and West Asia

Dollar falls to lowest level since February

The dollar weakened 1.7 per cent to $1.3524 per euro

Rajan putting house in order before tapering

Says he wants to bring inflation down to the central bank's comfort zone

Interest rate hike: Banks in wait-and-watch mode

Home loan borrowers may see their EMIs increase, repo rate rise likely to increase cost of deposits for banks

'Repo will return to being effective policy rate'

Excerpts of RBI Governor Raghuram Rajan's speech at his maiden monetary policy review