Page 1340 - Finance News

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

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

Cheap valuation not a reason to buy PSBs

There is more pain in store for public lenders, say analysts

Push defaulting cos to change mgmt, govt tells banks

IDBI Bank increases interest rates

The revised interest rates would be effective August 16

'Banks to cover entire AP villages in one year'

In the first phase, RBI had asked banks to provide access to basic financial services to all households by opening savings accounts in villages having over 2,000 population

Union Bank to open 3 overseas branches by end of FY14

Aims 15% growth in deposits, 16% rise in advances

RBI should regulate both banks, non-banks: Subbarao

Governor's view not supported by the Financial Sector Legislative Reforms Commission

Subbarao cautions against creating 'too-large-to-fail bank'

Says what is needed is not a monopolist but a number of comparatively large banks

We have lost all hopes: Macquarie on banks

Loan growth, asset quality, margins expected to be disappointing in coming quarters

CRR, SLR could come down further: Subbarao

RBI recently tightened monetary conditions by raising short-term interest rates and draining cash in a bid to defend the rupee

ICICI customers can book rail tickes through SMS

Cost to be directly debited from customer's savings account

SBI poaches big-ticket corporate loans

In an aggressive move, the lender grabs Nuclear Power Corp and Gujarat Power Corp loan accounts

Liquidity squeeze: Short-term fixed deposits draw investors

CP, CD rates also rise, making fixed maturity plans attractive

YES Bank loses market value

YES Bank, which gets 69% of its funding from bulk deposits and debt

SBI to name subsidiary for merger by Sept-end

Pratip Chaudhuri said the preference will be to pick an associate bank that is weak on the deposits front

Compounding fees to be refunded to applicant's a/c via NEFT

If an application has to be returned for this or any other reason, the application fees is also returned

RBI auctions bills worth Rs 22,000 cr

Bills with maturities of 34 days and 35 days of Rs 11,000 crore each were put up for auction

ICICI Banks opens 23 new rural branches in Gujarat

With this addition, the bank now has a network of 49 rural branches in Gujarat. The total number of branches in the state has reached 236