Page 1330 - Finance News
ATM, debit card-related complaints top Chandigarh banking ombudsman's list
The ombudsman received 800 complaints in FY12-13
 "ATM, debit card-related complaints top Chandigarh banking ombudsman's list")
Banks must be strict with wilful defaulters, Chidambaram says
Genuine defaulters and wilful defaulters need to be dealt with separately, says the FM
 "Banks must be strict with wilful defaulters, Chidambaram says")
ING Vysya Bank hikes deposit rates by 25-50 bps
The rate hike effective from August 28, 2013
DCB Bank raises base rate
Base rate has been increased from 10.5% to 10.85%
 "DCB Bank raises base rate")
Infosys may benefit from weak rupee, analysts eye stability
CLSA says valuations unlikely to change until leadership stabilises
 "Infosys may benefit from weak rupee, analysts eye stability")
Banking, securities firms to spend Rs 41,700 crore on IT in 2013
IT services will be the largest segment in overall spending category at Rs 13,100 crore in 2013
 "Banking, securities firms to spend Rs 41,700 crore on IT in 2013")
If policy status quo remains,rupee could touch 75/USD: BofA-ML
Rupee yesterday had collapsed to a lifetime low of 68.85 against the dollar, however it recovered today to 67.10
 "If policy status quo remains,rupee could touch 75/USD: BofA-ML")
Historic fall in rupee impacts OMCs most
Rated oil & gas companies have significant proportion of foreign currency - denominated debt
 "Historic fall in rupee impacts OMCs most")
Rupee sinks as FIIs extend selling
RBI intervenes but fails to stop currency from diving 4%; LIC buying helps Sensex rebound 3% from day's lows
 "Rupee sinks as FIIs extend selling")
RBI Governor Subbarao to give parting speech today
Will share his experiences of handling a severe financial crisis in the last 5 years
 "RBI Governor Subbarao to give parting speech today")
Battered rupee hits a 100 in Google search
Search value index at 100 in August, which represents peak
 "Battered rupee hits a 100 in Google search")
Select insurers may go for PE investments
Depends on risk-taking appetite and size of funds, say insurers
 "Select insurers may go for PE investments")
 "RBI, govt should protect investors from illegal schemes, says Subbarao")
RBI opens window for forex purchase by oil firms
Central bank's move will help reduce dollar demand pressure
 "RBI opens window for forex purchase by oil firms")
Mayaram calls the rupee fall irrational sentiment
Arvind Mayaram assures investors that CAD in 2013-14 would be much lower than expected
 "Mayaram calls the rupee fall irrational sentiment")
Special pact with World Bank to keep loan tap open
World Bank would provide loans to India at higher than its existing concessional rates but lower than the market rate
 "Special pact with World Bank to keep loan tap open")
Rupee impact: India could soon see 6%-plus inflation
Softening of global commodity prices might not help much
 "Rupee impact: India could soon see 6%-plus inflation")
Currency spikes at 4 pm in London provide rigging clues
Authorities around the world are investigating the abuse of financial benchmarks by large banks that play a central role in setting them
 "Currency spikes at 4 pm in London provide rigging clues")
Diamond sector fears default on import payments
Many diamond merchants fear a default on payments that may run into hundreds of crores of rupees
 "Diamond sector fears default on import payments")