Page 1337 - Finance News
Govt may delay Rs 14K-cr capital infusion plan for PSU banks
Govt had planned infusion of funds by the end of Sept but may wait for market to stabilise
 "Govt may delay Rs 14K-cr capital infusion plan for PSU banks")
Fund raising via debt placement drops to Rs 12,000 cr in July
July figure marked a slump of 65% in fund raising activity through private placement of debt securities
 "Fund raising via debt placement drops to Rs 12,000 cr in July")
Axis Bank seeks FIPB nod to increase foreign shareholding
Central bank says no further purchases of shares of bank would be allowed through stock exchanges in India on behalf of foreign investors
 "Axis Bank seeks FIPB nod to increase foreign shareholding")
Bonds market may remain choppy, but yields turning attractive
10-year benchmark bond slipped to 9.4% as foreign investors withdrew from emerging markets for developed markets, like US
 "Bonds market may remain choppy, but yields turning attractive")
Raghuram Rajan gets going at Mint Road
Central bank watchers say one of Rajan's first priority will be to rein in rupee which has depreciated 5% in August
 "Raghuram Rajan gets going at Mint Road")
ICICI Bank's UK, Canada arms to keep on repatriating capital
Aims double-digit RoEs in both subsidiaries in next 3 years
 "ICICI Bank's UK, Canada arms to keep on repatriating capital")
Caught between RBI-rupee cross fire, banks bleed
Mounting MTM losses to erode profitability
 "Caught between RBI-rupee cross fire, banks bleed")
Banks, housing finance firms rush for refinance
Combined demand touches Rs 5,000 cr in 45 days
 "Banks, housing finance firms rush for refinance")
Axis Bank raises base rate by 25 bps
Earlier, Axis Bank had increased its short-term deposit rates by 50-225 basis points
 "Axis Bank raises base rate by 25 bps")
Falling rupee pushes Indian crude oil basket to a record high
The rupee breached the 63-mark on Monday. Experts expect the currency to fall even further on Tuesday
 "Falling rupee pushes Indian crude oil basket to a record high")
Switching under-construction loan is difficult
Banks may not take up unapproved housing projects; those repaying a minimal amount may also be denied
 "Switching under-construction loan is difficult")
IOB's core banking system caught in technical glitch
Also customers were not able to withdraw money from its ATMs since updation of transaction was not working
 "IOB's core banking system caught in technical glitch")
Rising bond yields impact over Rs 40,000cr for banking sector
Union Bank will take a call on MTM losses on Sept 30
 "Rising bond yields impact over Rs 40,000cr for banking sector")
Dena Bank revises FCNR deposit rates
However keeps FCNR deposit rates maturing below 3 years unchanged
 "Dena Bank revises FCNR deposit rates")
SBI to merge 1 subsidiary every two years
Chairman Pratip Chaudhuri says bank to surpass its growth target
 "SBI to merge 1 subsidiary every two years")
SBI suggests FM to ban short selling in markets
Chairman Pratip Chaudhuri says 'Black Friday' was more for stock market, banking was not impacted and it was due to wild rumours
 "SBI suggests FM to ban short selling in markets")
Only those who don't have eyes & ears say there is no growth: FM
Chidambaram said that earlier the impression was that the banking industry meant for the rich people
 "Only those who don't have eyes & ears say there is no growth: FM")
JPMorgan hiring in China under US scrutiny: NYT
According to a report posted on NYT's online edition, JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China
 "JPMorgan hiring in China under US scrutiny: NYT")
RBI diktat to be no sweat for India Inc's big boys
Top firms will have enough firepower to go for foreign M&As, given their balance sheet growth, say bankers
 "RBI diktat to be no sweat for India Inc's big boys")
