Page 1352 - Finance News
Rating for Indian companies stable in Q1: CARE
An increase in MCR means stable and improving financials of the rated companies
 "Rating for Indian companies stable in Q1: CARE")
RBI reduces realisation period for exporters to nine months
The move may shore up foreign exchange inflows
 "RBI reduces realisation period for exporters to nine months")
All options open on sovereign bond issue, says FinMin
A new issue would also help finance the high current account deficit amid dwindling capital flows
ICICI Bank to close two of its 11 branches in UK
Move follows lender's decision to repatriate $100-million capital
 "ICICI Bank to close two of its 11 branches in UK")
YES Bank board says Gogia lacks proven track record
It was felt that Gogia was considerably short on expertise in areas prescribed by the Reserve Bank of India
 "YES Bank board says Gogia lacks proven track record")
RBI starts scrutiny of 3,000 private finance companies
Central bank's move comes against the backdrop of the government efforts to crackdown on entities illegally raising large amounts of money from the public
 "RBI starts scrutiny of 3,000 private finance companies")
Rupee declines by 9 paise at 59.44/dollar
Increased demand for dollar from importers caused the decline
 "Rupee declines by 9 paise at 59.44/dollar")
RBI's liquidity-tightening steps halt companies' bond issuances
Commercial papers, certificates of deposit also dry up
 "RBI's liquidity-tightening steps halt companies' bond issuances")
UAE Exchange India confident of getting bank licence
The exchange is pitted against some of biggest names of India Inc seeking bank licence
 "UAE Exchange India confident of getting bank licence")
Need Rs 2.3 lakh crore to meet Basel-III norms: SBI
RBI says banking system will collectively require Rs 5,00,000 crore to implement Basel-III capital needs
 "Need Rs 2.3 lakh crore to meet Basel-III norms: SBI")
Some rise in NPAs not unrealistic in bad times: HDFC Bank
The economy has lost 4 percentage points on the growth front in recent times
 "Some rise in NPAs not unrealistic in bad times: HDFC Bank")
Not offered job extension so far, says Subbarao
Subbarao was appointed as the central bank chief on September 5, 2008 for three years and was later given an extension for another two years
 "Not offered job extension so far, says Subbarao")
Easier norms in offing for MSMEs
A study by CIMSME contends 90% of banks are in favour of a different credit rating scale for MSMEs
HDFC Q1 profit at 17% on higher interest income
Total income rises 12.6% to Rs 5,557 crore over the same period.
 "HDFC Q1 profit at 17% on higher interest income")
IDBI Bank net slips 28%
The bank earns Rs 307 cr in the first quarter as against Rs 427 cr recorded in same period a year ago
 "IDBI Bank net slips 28%")
HDFC Bank's strong show continues
But earnings boosted by treasury income and lower provisions, suggest limited upside for the stock
 "HDFC Bank's strong show continues")
Axis Bank: Retail biz shines in Q1
Margin expansion and higher treasury gains drive profit beat
 "Axis Bank: Retail biz shines in Q1")
Bond auction devolves partially; yields soften
The yield on the 10-year benchmark government bond 7.16% 2023 ended at 7.94% compared with previous close of 7.99%
 "Bond auction devolves partially; yields soften")
Sector multipliers of new bank licences
Biz opportunities loom for IT firms, ATM providers & servicers and property developers
 "Sector multipliers of new bank licences")