Page 1429 - Finance News

ING Vysya Bank to raise Rs 899 cr via QIP

The bank is issuing 14.39 mn equity shares with a face value of Rs 10 each to qualified institutional buyers

Muthoot Finance gets RBI nod for White Label ATMs

These are owned and operated not by a bank but a non-bank entity

Deadline for FCCB buyback, prepayment extended till Dec

Extends deadline for ECBs for 3G; Civil aviation

Birla, Dhoot join banking bandwagon

Aditya Birla Nuvo gets board's nod, Videocon submits application

SBI to turn aggressive against defaulting firms

Lender to be more active in filing suits against such firms: Chaudhuri

Analysts cheer M&M Financial's move to remain NBFC

Requirement to meet CRR and SLR, technology costs and difficulty in shifting all branches to banking platform in 18 months were risks

Sidbi targets Rs 45,000 cr disbursements in FY14

This would be a growth of 12.5 per cent over Rs 40,000 crore disbursed by Sidbi in last fiscal

NRI deposits grow by 30% in Gujarat

NRI deposits stood at Rs 33,114 cr for FY13 as against Rs 25,400 cr last year, an increase of 30.31%

RBI puts curbs on RRBs lending against gold coins, ETFs

Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs

Federal Bank to sponsor Tata White Label ATMs

Tata's to set up 15,000 ATMs in 3 years

Deutsche Bank India net profit rises 25% in FY13

The German lender, which has 17 branches in India, saw its net advances rise 78% from a year earlier to Rs 22,374 cr at the end of March

Month-end dollar demand puts pressure on rupee

Bond yields rise as foreign institutional investors sell heavily

G V Nageswara Rao appointed MD and CEO of NSDL

Hives off NSDL e-Governance Infrastructure Limited as separate company; appoints Gagan Rai as its MD & CEO

IndusInd Bank launches credit card with 22K gold inlay

It has been designed in a way that allowed layering of a gold leaf within the plastic layers that make a credit card

RBI eases ECB norms for low-cost housing projects

Withdraws minimum paid-up capital condition for HFCs

ICICI Bank for more branch expansion

No instance of money laundering found, Kochhar comments on Cobrapost sting at 19th AGM

New bank licence: M&M Finance opts out of the race

Edelweiss, SREI boards clear proposal for applying; deadline July 1

Euro zone lenders count cost of EU bank impasse

The impasse has led investors to demand higher premium to fund weaker European lenders

Mahindra Finance says not applying for bank licence

The decision can be reversed if there is any relaxation on this front

SREI Infra Finance to apply for banking licence

On Monday, the company decided to submit application to Reserve Bank of India for obtaining banking licence