Page 1356 - Finance News
I-banks back to aggressive ways in PSU share sales
Two foreign banks bid Re 1 for NHPC mandate; IndianOil to see an encore
 "I-banks back to aggressive ways in PSU share sales")
The rupee scare
There is only one problem here, psychology is prone to reversal, after greed comes fear, and then the cycle repeats
 "The rupee scare")
Necessary but insufficient
Measures for the rupee unlikely to make a big difference
Rate cut hopes only from Subbarao's successor
Experts don't expect it now till his tenure ends in September
 "Rate cut hopes only from Subbarao's successor")
Rupee plunge to severely impact India Inc
The depreciation, which has seen the rupee lose over 12.5% since April to reach historic lows against US dollar, will also push input costs
 "Rupee plunge to severely impact India Inc")
Bank credit shows sign of picking up
On the year on year basis both credit grew by 13.7% while deposits grew by 13.8%
 "Bank credit shows sign of picking up")
India sees $4.72 bn PE deals in H1 2013; outlook bullish: PwC
The $1.26 billion investment in Bharti Airtel by the Qatar Foundation significantly boosted the deal value in the first six months of this year
Central Bank of India cuts base rate to 10%
After the revision in deposit rate it will range between 6.5 to 9% across various maturities
 "Central Bank of India cuts base rate to 10%")
Shriram Transport Finance to offer 9.65-11.15% yield on NCDs
The non-banking finance company plans to raise Rs 375 cr with a greenshoe option of Rs 375 cr
 "Shriram Transport Finance to offer 9.65-11.15% yield on NCDs")
PSU banks vie for financial inclusion in West Bengal
Direct cash transfer os subsidey has led banks into a slug-fest for acquiring new rural customers
Why US recovery is good news for the rupee
It will have a positive impact on India's trade deficit and GDP growth, thereby easing pressure on the rupee
 "Why US recovery is good news for the rupee")
RBI may ask oil firms to buy dollar from single bank
Rupee gains ground after regulators take steps to rein in currency's decline
 "RBI may ask oil firms to buy dollar from single bank")
Banking aspirant UAE Exchange to cut promoter stake
Hires EY to look for new investors to meet the eligibility norms of the Reserve Bank of India
 "Banking aspirant UAE Exchange to cut promoter stake")
Subsidiary route likely to be optional for foreign banks
Reserve Bank of India to issue guidelines by end-September, in discussion with government on tax implications of the alternatives
NYSE Euronext to be Libor regulator
Will replace the British Bankers' Association in early 2014
 "NYSE Euronext to be Libor regulator")
Hotels plan to switch back to dollar rates for foreigners
Over 60-70% of the guests at five-star hotels are foreigners. However, hotels say, if dollar remains at this level, the mix could change
 "Hotels plan to switch back to dollar rates for foreigners")
Debt rejig references swell to Rs 47,300 cr in Q1 on revision
Shiv Vani Oil; Educomp Solutions are new meaty cases
 "Debt rejig references swell to Rs 47,300 cr in Q1 on revision")
RBI asks banks to be proactive in seeding Aadhaar numbers
Also advised banks to closely monitor progress in seeding Aadhar numbers in bank accounts of beneficiaries
 "RBI asks banks to be proactive in seeding Aadhaar numbers")
Rupee plunge spurs SBI to increase rates
Foreign loans accounted for 16% of SBI's Rs 10,80,000 cr loan book as of March 31, exchange filings show
 "Rupee plunge spurs SBI to increase rates")
UP asks banks to increase agri credit and simplify loan sanction
State targets agricultural growth of 5% for the 12th Plan period
 "UP asks banks to increase agri credit and simplify loan sanction")