Page 1319 - Finance News
Rupee weakens ahead of FOMC meet
Street expects that US central bank may reduce its bond-buying program from current $85 billion per month
 "Rupee weakens ahead of FOMC meet")
RBI may raise inflation target
Could scale up its 5% March-end forecast; Rajan may hint at shifting to CPI as inflation anchor
 "RBI may raise inflation target")
Mahila Bank to have pay-per-use IT infra model
Move to hasten rollout and, if successful, set a precedent for new banking firms
 "Moody's upgrades JLR to Ba2; outlook stable")
 "RBI defers govt bond auction to Monday")
Rajan meets PM, FM ahead of monetary review
According to report by Dun and Bradstreet, central bank expected to maintain status quo on policy rate
 "Rajan meets PM, FM ahead of monetary review")
 "Standard method to determine value of gold accepted as collateral: RBI")
Record bank borrowings on advance tax outflow
Banks borrow at 10.25% from MSF as compared to 7.25 in liquidity adjustment facility
 "Record bank borrowings on advance tax outflow")
RBI's tightening, rupee fall give FIIs sleepless nights
Recent volatility in rupee has eroded value of their over $100 billion equity investments in India since 2009
 "RBI's tightening, rupee fall give FIIs sleepless nights")
Hero Cycles launches pilot project to provide loans
Now, micro-finance for bicycles too
 "Hero Cycles launches pilot project to provide loans")
RBI asks banks to open more MSE branches
Bank credit to MSE sector came down to 14.7% of total bank credit in 2012-13 from 16.5% a year ago
 "RBI asks banks to open more MSE branches")
IIFL mops up on Rs 384 cr, Hudco Rs 363 cr on day one
IIFL is planning to raise Rs 1,050 crore through public issue of non-convertible debentures (NCDs)
 "IIFL mops up on Rs 384 cr, Hudco Rs 363 cr on day one")
Bankers want RBI to cut rate and release liquidity
RBI is scheduled to announce the mid-quarter review of the monetary policy for 2013-14 on Sept 20
 "Bankers want RBI to cut rate and release liquidity")
RBI tightens norms for gold NBFCs
If gold is of purity less than 22 carats, NBFC should translate collateral into 22 carat
 "RBI tightens norms for gold NBFCs")
RBI tightens norms for lending against gold jewellery
It has been decided that gold jewellery accepted as collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days
FIIs buy almost a billion as sell-off fears recede
Recent currency appreciation may bode well for flows in previous trends are anything to go by
 "FIIs buy almost a billion as sell-off fears recede")
We're foraying into banking with philanthropic purpose: Prem Pal Gandhi
Interview with CMD, KC Group
 "We're foraying into banking with philanthropic purpose: Prem Pal Gandhi")
RBI tightens rules for lending against gold
Says lenders need to value pledged gold at average closing price of 22-carat gold for preceding 30 days
 "RBI tightens rules for lending against gold")
Equity fund managers' sell call on PSU banks backfire
In August, allocation to SBI, PNB & BoB was pruned; last fortnight see these counters gallop 10-20%
 "Equity fund managers' sell call on PSU banks backfire")