Page 1346 - Finance News
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
 "Bank licences for companies will make sector competitive: RBI")
Kotak Mahindra Bank to expand branch network in UP
Currently the bank has 20 branches in UP; aims to open 6-8 more
 "Kotak Mahindra Bank to expand branch network in UP")
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
 "Deutsche Bank India unit hikes deposit rates by upto 150 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
 "RBI to reverse cash steps only after rupee stability restored")
PSUs' foreign bond trip feasible but has cost risk
Bankers and analysts say interest rates in international markets have already hardened
 "PSUs' foreign bond trip feasible but has cost risk")
RBI gets tough with speculators to boost rupee
FIIs will need mandate from P-note holders to hedge currency risk
 "RBI gets tough with speculators to boost rupee")
'High retail inflation due to cyclical, distribution problems'
Central bank head believes, at demand level inflation has come down; some sacrifice for growth needed
 "'High retail inflation due to cyclical, distribution problems'")
 "Rupee slide effect: NRE deposits rise, remittances stay steady")
BoB, Union Bank report marginal profit growth
Bank of Baroda posts net profit growth of 2.55% at Rs 1,168 cr, Union Bank's profit up by 9.4% to Rs 560 cr
 "BoB, Union Bank report marginal profit growth")
Shriram City plans to raise Rs 1,000 cr
The fund raising plan comes at a time when the company has set a target to grow 25-30% in CAGR
 "Shriram City plans to raise Rs 1,000 cr")
Govt banks cut down loan book in Q1
Bank of Baroda reduced its loan book by Rs 7,000 cr in April-March, while for Union Bank of India reduction was Rs 9,000 cr
 "Govt banks cut down loan book in Q1")
RBI to come out with more measures to rein in NPA: Subbarao
RBI, in the past, has taken some steps in this regard including increase in provisioning norms and tightening norms for restructuring
 "RBI to come out with more measures to rein in NPA: Subbarao")
RBI likely to bring urban banks under Ombudsman's ambit
Final decision will be taken after eliciting views of the state governments
 "RBI likely to bring urban banks under Ombudsman's ambit")
Financial inclusion is not charity: RBI Deputy Governor
K C Chakrabarty says financial inclusion should be done as a viable business model
 "Financial inclusion is not charity: RBI Deputy Governor")
HDFC Bank, Axis Bank raise fixed deposit rates by up to 4%
HDFC bank has increased interest rate by 0.75% for maturity buckets less than 1 year but over 6 months one day
 "HDFC Bank, Axis Bank raise fixed deposit rates by up to 4%")
Defend your portfolio against the rupee fall
The rupee's fall takes a toll on your investments in more ways than one. Here's how to protect yourself.
 "Defend your portfolio against the rupee fall")
Bank of Baroda Q1 net flat at Rs 1,167 crore
Gross NPAs rise to 2.99% of advances in the June quarter against 2.4% in the March quarter
Interest rate cycle makes a U-turn
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates
 "Interest rate cycle makes a U-turn")
Push to replace old-format cheques
In latest move RBI said that non-CTS cheques will be accepted for regular clearing till December 2013
 "Push to replace old-format cheques")
ICICI Bank Q1 net up 25%, meets forecast
Net interest margin at 3.27% for the quarter-ended June compared with 3.01% a year ago
 "ICICI Bank Q1 net up 25%, meets forecast")