Page 1345 - Finance News

Balanced funds better option in volatile markets: Crisil

According to the rating agency, balanced funds have outperformed the Nifty across three, five, seven and 10-year time frames

Rupee likely to weaken

Chit fund probe panel invites complaints

650,000 persons were duped of Rs 4,375 crore between January, 2012 and June, 2013, by chit fund companies operating in Odisha

Rupee to strengthen as dollar seen weak after jobs data: experts

Treasury officials of various banks see the rupee appreciating to the 60 levels this week

BoB not to tap medium term note prog as liquidity comfortable

Says will tap international market when situation is stable

FinMin to finalise Rs 14K-cr fund infusion for PSBs by Aug-end

Fund allocation will be done to individual banks by issue of preferential shares

Govt likely to earmark Rs 1,300 cr for Post Bank of India

Amount would include Rs 500 crore paid-up capital required under new banking licence guidelines

Canara Bank Q1 net rises marginally to Rs 792 crore

Total income rises 14.6% to Rs 10,518 crore

IDRBT sets up info assurance centre

Centre being set up in collaboration with State University of New York at Buffalo

SBI sees 20% credit growth

Pratip Chaudhuri says many existing corporate clients had been approaching for refinance owing to low interest rates

Madras HC restrains FIIs from voting in Tamilnad Mercantile Bank

FIIs, who held shares in TMB include; Ramesh Vangal, Former Mckinsey Chief Rajat Gupta

FIIs in Tamilnad Mercantile Bank not entitled to voting rights

FIIs include Ramesh Vangal

Bank licences for companies will make sector competitive: RBI

'The main reason we have allowed corporates is to leverage their proven entrepreneurial talent and management expertise,' Subbarao said

Kotak Mahindra Bank to expand branch network in UP

Currently the bank has 20 branches in UP; aims to open 6-8 more

Deutsche Bank India unit hikes deposit rates by upto 150 points

The hike in medium term deposits (between 1and 3 years) was moderate, 25-50 basis points

RBI to reverse cash steps only after rupee stability restored

Subbarao says undue volatility of the exchange rate is harmful for growth and stability

PSUs' foreign bond trip feasible but has cost risk

Bankers and analysts say interest rates in international markets have already hardened

RBI gets tough with speculators to boost rupee

FIIs will need mandate from P-note holders to hedge currency risk

'High retail inflation due to cyclical, distribution problems'

Central bank head believes, at demand level inflation has come down; some sacrifice for growth needed

Rupee slide effect: NRE deposits rise, remittances stay steady