Page 1365 - Finance News
UCO Bank to seek capital from govt to meet Basel-III norms
Arun Kaul said that bank had adopted a strategy to diversify portfolio from large corporates to MSME, retail and agriculture
 "UCO Bank to seek capital from govt to meet Basel-III norms")
Credit growth slows in major sectors: RBI data
In the personal loans segment, credit to consumer durables grew 22% compared to 13.5 last year
 "Credit growth slows in major sectors: RBI data")
RBI norms on wealth mgmt services to be tightened
Move comes after alleged violations in KYC, AML rules by banks
 "RBI norms on wealth mgmt services to be tightened")
Is the rupee still overvalued?
Nomura said the rupee was still 17.6 per cent overvalued
 "Is the rupee still overvalued?")
RBI Committee to study financial benchmarks
Also to study international experience in addressing issues relating to benchmarks and draw suitable lessons relevant to the Indian context
 "RBI Committee to study financial benchmarks")
'Aditya Birla confident of getting new bank licence'
Promoters will dilute their stake in company's non-banking arm to meet RBI norms
 "'Aditya Birla confident of getting new bank licence'")
Banks seek higher cover on loans to realtors as prices fall
Pressure on developers to offer discounts is the main trigger
 "Banks seek higher cover on loans to realtors as prices fall")
Banks might see hit on treasury portfolio due to volatile yields
The yield on the 10-year benchmark bond 7.16% 2023 ended at 7.45% on Friday compared with previous close of 7.56%
 "Banks might see hit on treasury portfolio due to volatile yields")
Slowdown, delayed payments keep CDR references high in June quarter
The scale of CDR continued its record-breaking streak for the second year in a row
 "Slowdown, delayed payments keep CDR references high in June quarter")
Personal loans grow at a faster pace in May 2013: RBI
Credit growth slows in major sectors
 "Personal loans grow at a faster pace in May 2013: RBI")
Religare to apply for banking licence
Religare founders Malvinder and Shivinder Singh may bring down their holding to 49% in the firm
 "Religare to apply for banking licence")
Tata launches first white-label ATM
The facility has been branded 'Indicash'
 "Tata launches first white-label ATM")
Stopping rupee slide, the Subbarao way
RBI released Jan - March CAD figures, which was better than anticipated, before market hours and two trading sessions ahead of schedule
 "Stopping rupee slide, the Subbarao way")
Pvt placement norms for NBFCs tightened
RBI has brought private placement for NBFCs at par with other financial firms under Companies Act
More aspirants for banking licence
IFCI, Tourism Finance Corporation, Bajaj Finserv among others ready to make banking foray
 "More aspirants for banking licence")
RBI specifies bond valuation rule for state discoms
According to the guidelines, if the bonds are traded and quoted, it would be at their current market value
 "RBI specifies bond valuation rule for state discoms")
RBI clarifies gold import norms
RBI has asked banks to ensure no credit is enabled for import of any form of gold
 "RBI clarifies gold import norms")
Asset quality: Is the worst over for PSBs?
NPAs, debt recast fall in March quarter
 "Asset quality: Is the worst over for PSBs?")
External debt worsens as short-term debt rises
The rise in external debt was primarily on account of short-term trade credit, ECBs and NRI deposits
YES Bank silent over board decision on Shagun Kapur
Bank decides to file outcome directly to the court on Monday
 "YES Bank silent over board decision on Shagun Kapur")