Page 1339 - Finance News
RBI chokes foreign home buys
RBI reduced the cap on individual remittances abroad from $200,000 (about Rs 1.2 cr) to $75,000 (Rs 45 lakh)
 "RBI chokes foreign home buys")
 "Financial Scandals: That shocked the markets")
WB to give soft loan for low-cost housing
Project will be financed by credit from International Development Association
 "WB to give soft loan for low-cost housing")
More measures needed to overcome BoP challenges: HSBC
More, a new set of measures focusing on curbing oil, gold and non-essential imports and opening up external fund raising have been taken
 "More measures needed to overcome BoP challenges: HSBC")
Banks' rush unlikely for insurer licence
Prior RBI permission a hurdle, given its views; business interest needs to be clearer
 "Banks' rush unlikely for insurer licence")
The idea of banks becoming brokers will gain acceptance: Vijayan
Getting RBI approval natural process, says Irda chairman
 "The idea of banks becoming brokers will gain acceptance: Vijayan")
Interest rate risks: RBI wants banks to look at derivatives
Sinha feels that apart from the take-out financing route, the seeking of credit risks, securitization markets, derivative markets need to take care of the other aspects of risks
Bond yields rise as WPI inflation for July shoots up
Yield on 10-year bond ends at 14-month high
 "Bond yields rise as WPI inflation for July shoots up")
PFRDA may allow partial withdrawal under NPS
NPS run by finance ministry, with no contribution from govt and no guaranteed benefits to subscribers
 "PFRDA may allow partial withdrawal under NPS")
Indian banking system resilient to absorb hard knocks: India Ratings
Indian banking system is better placed when compared with other countries
 "Indian banking system resilient to absorb hard knocks: India Ratings")
YES Bank opens 500th branch
The bank has over 1,050 ATMs across India
 "YES Bank opens 500th branch")
G-Sec yields rise on higher inflation
Price rise in food items, particularly vegetables, fuel has led to rise in inflation
 "G-Sec yields rise on higher inflation")
Bright sparks amid bad numbers for Pratip Chaudhuri
While the SBI chairman couldn't live up to his promise of improving asset quality, he leaves the country's largest bank in a better shape in terms of profits and NIMs
 "Bright sparks amid bad numbers for Pratip Chaudhuri")
Banks' deposit, loan structure have become wholesale: RBI
Rural penetration of branches have fallen over the years
India needs 4-5 equally large banks: D Subbarao
Subbarao says paper on banking structure being readied; also stresses view that RBI must regulate banks & non-banking entities
 "India needs 4-5 equally large banks: D Subbarao")
Palm imports seen falling as rupee slumps to record
Inbound shipments fell 8.2% to 550,000 tonnes in July from 599,128 tonnes a year earlier
 "Palm imports seen falling as rupee slumps to record")
Cheap valuation not a reason to buy PSBs
There is more pain in store for public lenders, say analysts
 "Cheap valuation not a reason to buy PSBs")
 "Push defaulting cos to change mgmt, govt tells banks")
IDBI Bank increases interest rates
The revised interest rates would be effective August 16
 "IDBI Bank increases interest rates")