Page 1327 - Finance News

Dhanlaxmi Bank to sell more shares to NRIs

Plans to raise Rs 200 cr via QIP, rights issue

Volatile capital flows up till March: RBI

Ratio of volatile capital flows defined to include cumulative portfolio inflows and short-term debt

India Inc raised $3.7 bn through ECBs in July

Corporate India raised $1.95 billion in June 2013, according to RBI data

Private banks pip state-run peers in opening new branches

The acquisitions made by ICICI Bank and HDFC Bank also contributed to their network expansion

SKS Trusts becomes single-largest shareholder in SKS Microfinance

Vikram Akula sells almost his entire stake in the firm

SKS Trust ups stake in SKS Microfinance

Sequoia Capital, which owns 3.8% stake in MFI, sold 1.39% stake at Rs 132 per share to net Rs 19.8 crore

Spice bets on clean image, technology to get bank licence

Former Sebi chief Mehta to become chairman; Sees interest from NRI for stake buy

Rupee breaches 68/$ on dollar sale by FIIs, demand by importers

At 2:40PM the rupee was quoting at Rs 68.02 compared with previous close of Rs 66.02, a weakening of Rs 2 per dollar

Weak rupee will not impact business travel

This, because corporates will look overseas to expand exports

SBI acquires 23% extra stake in Indonesian subsidiary

Hikes stake to 99% to gain complete control on operations

RBI sets new KYC norms for foreign students to open bank a/c

Within 30 days of opening of account, foreign students should submit a rent agreement as address proof of local residence

Omar Abdullah requests RBI to extend J&K Bank chairman's term

About three months ago, the bank's board had recommended a three-year extension of chairman's tenure. However, the central bank is yet to approve it

RBI nod must to review base rate methodology after 5 years

Base rate is the minimum rate at which a bank can lend

DBS India to focus on deposits, SMEs

Will turn selective in garnering corporate biz to protect asset quality

New banks: RBI zeroes in on 5 for panel to screen applications

Final decisions to be taken by new Governor Raghuram Rajan, who will assume charge on Sept 5

Liquidity tightens: Bank borrowings exceed Rs 1 lakh cr

SBI hikes short term bulk deposit rates by 100-175 bps

Vijayan S joins DBS Bank

Weak rupee casts its shadow on overseas education plans

The number of applicants has dropped by up to 25% due to the declining currency

No national level merger of RRBs: Syndicate Bank chairman

Srei to continue to focus on infrastructure lending even after getting banking licence

Despite the current uncertainty surrounding the infra sector, the Kolkata-based financier will continue with its focus on infrastructure.