Page 1435 - Finance News
 "'Future inflation higher than that of the present rate'")
 "RBI purchases $518 mn in April")
RBI fines Axis, HDFC & ICICI banks
But says no prima facie evidence of money laundering
 "RBI fines Axis, HDFC & ICICI banks")
Rupee hits record low; RBI intervention watched
Was trading at 57.37/38 per dollar after hitting record low of 57.38, past the previous all-time low of 57.32 hit in June 2012
 "Rupee hits record low; RBI intervention watched")
RBI to come out with paper on banking structure: Subbarao
RBI will also involve enforcement agencies and tax authorities before it issues new bank licences to corporate entities for which applications can be made till July 1
 "RBI to come out with paper on banking structure: Subbarao")
SBI opposes airline licence for new venture of Capt Gopinath
SBI has an exposure of about Rs 150 crore in the company which is in default of about Rs 500 crore of loan
 "SBI opposes airline licence for new venture of Capt Gopinath")
YES Bank AGM sees high drama, voting
Appointment of directors put to vote; Bombay HC to have final say
 "YES Bank AGM sees high drama, voting")
US home loan rates near 4% send buyers scurrying
Rates for a 30-year home loan rose to 3.91 per cent in the week ended today, from 3.81 per cent
The history of the YES Bank feud
Timeline of developments since bank was incorporated in 2003 to the current feud
Bank borrowings of NBFCs slow down due to higher rates, lower demand
They are borrowing from money market which is sufficient to meet lower demand
 "Bank borrowings of NBFCs slow down due to higher rates, lower demand")
Rupee closes below 57 a $
Expected narrowing in CAD, strong inflows seen as saviours
Subbarao wants govt to take austerity path
He warned that large fiscal deficit would have spill-over effect on balance of payments situation
 "Subbarao wants govt to take austerity path")
Banks asked to audit high value loan exposure to check frauds
Banks are presently required to put in place a system of concurrent auditors to look into and report genuineness of the documents especially of large value loans
 "Banks asked to audit high value loan exposure to check frauds")
LIC planning to invest Rs 2.25 lakh crore this year
To open offices in all tier-IV towns by end of FY14
 "LIC planning to invest Rs 2.25 lakh crore this year")
Chidambaram tells banks to contain NPAs
'Raise profitability to meet Basel-III capital needs over next five years'
 "Chidambaram tells banks to contain NPAs")
FinMin for independent CDR oversight body
Directive comes in wake of concern over extent of non-performing asset problem
 "FinMin for independent CDR oversight body")