Page 1430 - Finance News
Edelweiss to seek licence from RBI to set up bank
Plans to transfer merchant banking business to subsidiary
 "Edelweiss to seek licence from RBI to set up bank")
Mahindra Finance not to apply for bank licence
The company says RBI guidelines don't provide any flexibility for NBFC and bank to co-exist for a reasonable period of time
 "Mahindra Finance not to apply for bank licence")
Banks start counting losses
State Bank of India has the largest presence in the state followed by Bank of Baroda through its subsidiary Nainital Bank
 "Banks start counting losses")
 "Two IDBI Bank entities lose chief executives")
Maharashtra to get 15,000 micro-ATMs from Centre for rural inclusion
According to IT Secretary Rajesh Agrawal 6.35 crore Aadhar card enrolments have been done in Maharashtra
 "Maharashtra to get 15,000 micro-ATMs from Centre for rural inclusion")
SBI to hire 10,000 officers, employees in current fiscal
The bank plans to open about 1,200 branches in country and another eight branch offices overseas, including China and the UK
 "SBI to hire 10,000 officers, employees in current fiscal")
SBI Caps should expand expertise to help Indian cos: Chaudhuri
Capital Markets is very active in the domestic debt market and has also acted as merchant banker for some equity issuances
 "SBI Caps should expand expertise to help Indian cos: Chaudhuri")
FM's meeting with PSU bankers on June 26 postponed
AGMs of Bank of Baroda, Union Bank of India and Punjab & Sind Bank have been scheduled for June 26
 "FM's meeting with PSU bankers on June 26 postponed")
LIC set to open 300 mini-offices by June
EAch office will have one LIC employee and empowered agents to collect premiums
 "LIC set to open 300 mini-offices by June")
ICICI Bank firms up plan to raise ¥50 bn via bonds
The bank is expected to issue the bonds within one year from the date of filing its application
 "ICICI Bank firms up plan to raise ¥50 bn via bonds")
J&K Bank announces Rs 50 per share dividend
The dividend of 500% on a share of face value Rs 10 was approved at the annual general meeting of shareholders which was held here
UBS to surrender its banking licence in India
According to sources, the Swiss bank will submit a roadmap on winding down its banking business in India
 "UBS to surrender its banking licence in India")
Need Rs 3,000 cr to merge one associate bank this year: Pratip Chaudhuri
A committee headed by S Vishvanathan would report to the board and will finalise the name
 "Need Rs 3,000 cr to merge one associate bank this year: Pratip Chaudhuri")
Private banks mull exit from gold coin business
Reliance Capital stops gold loan, gold coin sale
 "Private banks mull exit from gold coin business")
FIIs put in bids worth Rs 39,000 cr to buy government bonds
The encouraging response came at a time when FIIs have been pulling out from Indian debt market heavily
 "FIIs put in bids worth Rs 39,000 cr to buy government bonds")
LIC Housing Finance to apply for bank licence
LIC HFL's board has cleared a proposal in this regard
 "LIC Housing Finance to apply for bank licence")
 "Five UK banks must raise extra $21-bn capital")
Britain faces major obstacles to RBS break-up plan
One of RBS's 10 biggest investors warned the move could damage the wider economy
West Bengal's saving scheme could face RBI opposition
The state govt has failed in making any blueprint for the scheme
 "West Bengal's saving scheme could face RBI opposition")
Drab FII demand for govt bonds
The total market demand was Rs 39,171 crore today compared with a demand of Rs 10,146 crore last time
 "Drab FII demand for govt bonds")