Page 1437 - Finance News
ICICI mulls exclusive lending facility for clean energy space
The bank also recently adopted some villages in Arunachal Pradesh in border areas adjoining China to encourage farmers against deforestation there
 "ICICI mulls exclusive lending facility for clean energy space")
ICICI Bank sees sharp fall in retail NPA in FY13
The bank's retail NPAs dropped sharply to 60% of total bad loans in March 2013
 "ICICI Bank sees sharp fall in retail NPA in FY13")
First inflation-indexed bond auction subscribed 4 times
The cut-off yield for the auction was fixed at 1.44%
 "First inflation-indexed bond auction subscribed 4 times")
BoB ends differential home loan rates
Bank of Baroda will now charge 10.25%, its base rate for all home loans, irrespective of the tenor and amount of loan
 "BoB ends differential home loan rates")
Bank licence clarification: Who gains, who loses
RBI has ruled out any additional benefits for the new applicants
 "Bank licence clarification: Who gains, who loses")
Action against errant banks, reiterates Subbarao
Dismisses perceptions that the central bank was going soft on the errant banks
 "Action against errant banks, reiterates Subbarao")
SBI chief hopes for 0.5% rate cut in RBI policy review on June 17
Chaudhuri also says one merger of an associate bank likely in FY14
 "SBI chief hopes for 0.5% rate cut in RBI policy review on June 17")
RBI tightens gold import norms
Restriction on premier trading houses to cut imports by 100-120 tonnes this year
 "RBI tightens gold import norms")
Canara Bank seeds 67,000 accounts with Aadhar
The bank organises a road show across the 109 branches in five districts to
Bank of Baroda announces single rate of interest for home loans
Banks typically charge lower interest rate for an amount of up to Rs 30 lakh, after which it goes up
 "Bank of Baroda announces single rate of interest for home loans")
Penalties on banks in India 'peanuts', says RBI Governor
Subbarao said erring banks can face a maximum penalty of Rs 1 cr and it was up to the lawmakers to decide whether this should be increased
RBI allows gold imports only on 100% cash payment
Asks banks to not extend credit facility to obtain Letters of Credit by jewellers
 "RBI allows gold imports only on 100% cash payment")
RBI sets 1.44% real yield on inflation-indexed 2023 bonds
The Rs 1,000 crore auction was fully subscribed
 "RBI sets 1.44% real yield on inflation-indexed 2023 bonds")
New bank licences likely by March 31: Takru
RBI had yesterday extended the validity of in-principle approval for new banks to 18 months from one year
 "New bank licences likely by March 31: Takru")
Rs 5,500-cr loans may become NPAs by September-end
Four micro-lenders seek second round of debt restructuring
 "Rs 5,500-cr loans may become NPAs by September-end")
Aspirants to get 18 months for setting up banks
No clarity yet on candidates with insurance, MF arms; track record of all firms of promoter group to be vetted; no relaxation on priority-sector target
 "Aspirants to get 18 months for setting up banks")
 "No threat of stagflation: Subbarao")
 "RBI not targeting any particular exchange rate: D Subbarao")
 "With new banks, customer service all set to improve: K C Chakrabarty")
Unified regulator may take time: FSDC
Besidesm, FSDC under P Chidamabaram also reviewed position of asset quality, additional capital requirements of banks as per Basel II norms
 "Unified regulator may take time: FSDC")