Page 1329 - Finance News

Rupee fall: NRIs take loans to remit money

Remittance into India from foreign countries has already seen a jump of 25% in the last two months

Will India pledge gold to secure IMF loan?

India's forex reserves depleted to $1.2 billion in Jan 1991, and that too dried up by half by June of that year

PSU banks write off Rs 14,549 cr in Jan-Mar qtr of 2012-13

Banks are required to adhere to RBI guidelines on write offs as well its board approved policy, says Namo Narain Meena

Stocks of banking licence aspirants lose sheen

BS Bank Aspirex, formed by Business Standard, has underperformed markets by falling 16% in one month

BS Bank Aspirex extends fall for the second consecutive month

IDFC, IFCI, Magma Fincorp and Bajaj Finance were down over 10 per cent each in August, after falling more than 8 per cent each during the previous month.

DBS Bank-India reworks course to ride rough times

To turn selective is garnering corporate business with eye on protecting asset quality

Rupee marginally weak in afternoon trades on month-end dollar demand

RBI also sold dollars heavily through state-run banks in the last few hours of trading

CBI books UBI DyGM, 5 others in fraud case

they are booked for allegedly causing a loss of over Rs four crore to the bank

Rupee has hit the bottom: Jamal Mecklai

Shorting the rupee at 68 is certainly not as easy a hit as shorting at 62

Indian Banks well capitalised to provide for bad loans: PM

The stress on the asset quality is a reflection of the stress in the economy of the country, says Singh

FSB plans information sharing mechanism to curb shadow banking

In this regard, a detailed procedure is expected to be worked out by March 2014

Govt to blame for rupee woes: Subbarao

Breathing time should have been used to bring down current account deficit, he says in his last public speech as central bank head

Banks use RBI window to mitigate bond losses, book arbitrage gains

Borrowings rise for this reason, as also banks' need for short-term money

Rupee fall clogs PE exit routes in MFIs

The unprecedented depreciation of the currency has forced many PE firms to delay their exit plans

Rupee fall to not hit oil firms' ratings now, says Fitch

The Indian rupee has depreciated by over 25 per cent versus the dollar since April 1

India eyes local-currency swaps

Likely to focus on BRICS nations, especially China; deals could be different from ones India has with Japan & Bhutan

Lower rating likely for weak govt banks, warns Icra

Falling core profitability; weak asset quality key concerns

REC to raise Rs 3,500 cr via tax-free bonds

Issue opens Friday, closes on September 23; issue open for subscription in 2 tenures - 10 years, 15 years, 20 years

FM asks banks to ensure credit to all sectors

P Chidambaram also appeals to banks to deal strictly with willful defaulters

HDFC Bank to open 300 branches

Bank is only awaiting approval from RBI for the new branches; hopes move will strengthen presence in retail banking