Page 1343 - Finance News
US says BofA lied to investors about mortgage-bond risks
Threats of costly mortgage litigation have been dogging Bank of America for years
 "US says BofA lied to investors about mortgage-bond risks")
New RBI head has tough job on hand: IIM-A faculty members
Chairman of board of IIM Ahmedabad says Rajan most appropriate person to guide India's monetary policy through current turbulent times
 "New RBI head has tough job on hand: IIM-A faculty members")
UBS to pay $50 million to settle SEC claim
The upfront payments under the terms of the deal should have gone to the CDO for the benefit of its investors
 "UBS to pay $50 million to settle SEC claim")
Credit grows in July second half despite tight liquidity conditions
Loan book of banking system had shrunk by Rs 16,620 crore in previous fortnight (July 12, 2013)
 "Credit grows in July second half despite tight liquidity conditions")
Karur Vysya to raise Rs 1,000 cr via QIP
The bank plans to raise FII investment cap
Federal Bank to offer home loans at lower rates till September
Private lender to waive processing fees on car and housing loans during festivals
5 ways Raghuram Rajan could save the Indian economy
And the 3 ways he could kill it
 "5 ways Raghuram Rajan could save the Indian economy")
RBI imposes penalty on SBI
Fined for violation of terms of agreement with RBI for opening, maintaining currency chests
 "RBI imposes penalty on SBI")
No substitute for Mahatma image on currency notes: RBI Committee
Earlier buzz was that images of Jawaharlal Nehru, Indira Gandhi, Sardar Patel could be considered for new notes
 "No substitute for Mahatma image on currency notes: RBI Committee")
Rupee weakens as heavy dollar demand continues
Crucial FSDC meet in afternoon to discuss exchange rate, CAD
 "Rupee weakens as heavy dollar demand continues")
Rajan will be among the youngest to head RBI
He will be 50 years and six months old when he takes over as the 23rd governor on Sept 5
 "Rajan will be among the youngest to head RBI")
Rajan is the best choice but has his task cut out: Bankers
Bankers feel Rajan already familiar with recent developments in country from his position as CEA in finance ministry for about a year now
 "Rajan is the best choice but has his task cut out: Bankers")
BS Poll: Rupee likely to cross 62 by Aug-end
Rebounds from all-time low after RBI intervention; more liquidity tightening a worry; Rajan's appointment taken as a sign of hope
 "BS Poll: Rupee likely to cross 62 by Aug-end")
Realty sector stares at more defaults
Lenders have asked realtors to cut prices
 "Realty sector stares at more defaults")
Weak rupee makes stocks lose strength
Sensex falls 2.34% but the currency recovers on RBI intervention after touching a new intra-day low
 "Weak rupee makes stocks lose strength")
Rajan to be next RBI governor
Chief Economic Advisor succeeds D Subbarao at a time when economy requires contrasting monetary doses
 "Rajan to be next RBI governor")
RBI to restructure loans in disaster-hit areas of Uttarakhand
Allahabad Bank CMD Shubhalakshmi Panse today said she has received letter from RBI for 'restructuring' of loans in disaster-affected areas od state
 "RBI to restructure loans in disaster-hit areas of Uttarakhand")
India Inc raised $1.9 bn via external borrowing in June
Companies raised $1 bn via the automatic route, another $946 mn through approval route that requires case-by-case approval from RBI
 "India Inc raised $1.9 bn via external borrowing in June")
More measures likely to stem rupee fall as RBI, FinMin meet today
The rupee on Tuesday hit a new low of 61.81 against the dollar but rebounded to close at 60.81
 "More measures likely to stem rupee fall as RBI, FinMin meet today")
Standard Chartered Bank India unit H1operating profit up 45%
Flags risks of slowdown in credit growth during second half; turns cautious on growing credit card business
 "Standard Chartered Bank India unit H1operating profit up 45%")