Page 1324 - Finance News

Dhoot counters RBI statement on bank licence application withdrawal

Dhoot stated that Value Industries has not withdrawn the application and has only sought clarifications from RBI on certain issues

Forex reserves fall $2.23 billion in a week, at 39-month low

The total forex reserves were at $275.49 bn on August 30

Corporate debt restructuring cases to come under scanner

Takru says will block flow of huge number of firms for CDR, conduct detailed review of cases

Idea Cellular's billion-dollar debt worries analysts

This could impact its earnings from 2016-17 if the rupee falls to 70/dollar, warn analysts

RBI enhances limit of funds taken out, brought into India per person

The amount has been enhanced to Rs 10,000 a person compared with Rs 7,500 earlier

Rupee firms up, bond yields rise

Currency climbs to 65.25 due to dollar sales by companies

Market rally continues on rupee recovery

Analysts caution strength may be short-lived, underlying growth indicators still weak

OBC cautious on lending to steel, power, bullion sectors

Bank CMD inaugurates 2,045th branch in Mumbai, lays foundation stone of regional office building

Banks may mop up $5 bn from NRI fund swap facility: SBI Report

Analysts from Morgan Stanley, BofA-ML projected that lenders will be able to garner up to $10 billion through this route

Commerce ministry seeks iron ore export easing

Move aimed at increasing forex earnings

RBI widens ambit for bank guarantees to NRIs

RBI also said guarantee shall be valid for a tenure coterminous with offer period as required under the Sebi (SAST) Regulations

REC tax-free issue sees good interest

Within five days, the Rs 3,500-cr tax-free offering has mopped up about Rs 2,900 cr

Shippers welcome new help on managing forex risk

The measures will provide room for maneuverability and corporate houses can now sharpen their risk management skills further

Swap window for NRI deposits to boost forex reserves

Move to encourage banks to raise such deposits as their cost of funds fall by at least 2.5%

Credit offtake shows high growth in August

During the fortnight, the banks disbursed new credit of Rs 20,413 cr while they accumulated deposits worth Rs 9,331 cr

Moody's downgrades debt ratings of eleven banks

Rating not to affect fund-raising ability of banks, say experts

Bonding at the right time

With the rise in 10-year yields and fall in CPI, the numbers are in Raghuram Rajan's favour to launch inflation-indexation bonds

Rally in banking stocks to be short-lived, say analysts

BSE Bankex jumped 9.3% versus mere 2.2% rise in BSE Sensex

Rajan's rupee moves

Measures also aim to provide support to rupee which has depreciated around 22% in current financial year

Fabric prices rise on weaker rupee

Since April, prices of raw materials needed to spin yarn have risen 17-18%