Page 1357 - Finance News
DGCEI finds Rs 200 cr tax evasion by debt recovery agents
The Central Excise Intelligence has found service tax evasion of about Rs 200 crore by around 2,000 debt recovery agencies working for ICICI Bank
 "DGCEI finds Rs 200 cr tax evasion by debt recovery agents")
UP asks banks to increase farm credit
The government is targetting to increase per hectare credit ratio from Rs 15,000/hectare at present to Rs 25,000/hectare in the current fiscal
 "UP asks banks to increase farm credit")
Rupee plunge keeps debt funds under leash as bond yield jumps
Between April 2 and July 8 this fiscal, the rupee has plummeted by 12.81%
 "Rupee plunge keeps debt funds under leash as bond yield jumps")
5 ways a falling rupee makes you poorer
Falling rupee hits household budget on all fronts
 "5 ways a falling rupee makes you poorer")
Sudhir Kumar Jain takes over as CMD of Syndicate Bank
Prior to this, he was Executive Director of Bank of Baroda
Opinion: Are FIIs trapped in the Indian market?
Sharp decline in rupee slows down pace of exit for FIIs
 "Opinion: Are FIIs trapped in the Indian market?")
Guarantors of loan defaulters, Beware!
Banks to 'name and shame' guarantors for loan defaulters
 "Guarantors of loan defaulters, Beware!")
Rupee recovers after RBI and Sebi tighten norms
At 1:45 pm, the rupee was trading at 60.11 compared with previous close of Rs 60.62
 "Rupee recovers after RBI and Sebi tighten norms")
Falling rupee hits economic confidence: survey
On Monday the rupee slid to an all-time low, breaking past the Rs 61 mark against the dollar
 "Falling rupee hits economic confidence: survey")
To curb rupee fall, regulators toughen FX derivatives rules
RBI bans banks from proprietary trading in domestic currency futures and the exchange-traded options market
 "To curb rupee fall, regulators toughen FX derivatives rules")
BoI to take call on raising Rs 2,200-cr capital by year-end
The bank is in a comfortable position and the required capital infusion could be borrowed from the govt
 "BoI to take call on raising Rs 2,200-cr capital by year-end")
Rupee breaches 61 but recovers after central bank steps in
RBI meets oil firms to consider dollar sale window; outlook remains bearish
Lenders' unions oppose new private banks
RBI has received 26 applications for new banking licences; may issue new licences in 2014
Asset financing NBFCs can raise ECB under automatic route
The move is aimed at improving dollar inflow at a time when the rupee is weakening
Hedging surge prompts central bank inquiry on rupee moves
Exchange rate volatility jumped the most in almost two years during the last quarter as the rupee slid 8.6%, Asia's worst performance
 "Hedging surge prompts central bank inquiry on rupee moves")
Union Bank of India cuts base rate by 25 bps to 10%
Union Bank is the third public sector bank to reduce the base rate
 "Union Bank of India cuts base rate by 25 bps to 10%")
PM to seek India Inc input on economy
Meeting with industry captains on July 29; rupee depreciation, other issues to be discussed
 "PM to seek India Inc input on economy")
'Govt considering measures to stem rupee fall'
An official said that govt would continue to take more measures to stablise capital flows
 "'Govt considering measures to stem rupee fall'")
Managing the rupee fall
No room for mistakes while responding to the currency's slide
Currency slide gives FIIs the jitters
Foreign investors, who hold 40% of free float, have lost 10% on rupee fall this year so far
 "Currency slide gives FIIs the jitters")