Page 1439 - Finance News
RBI to auction inflation-indexed bonds worth Rs 1,000 cr on June 4
The auction will be conducted using uniform price method
 "RBI to auction inflation-indexed bonds worth Rs 1,000 cr on June 4")
RBI may allow margin cap of 12% for large MFIs for FY14
The central bank expected to issue notification in this regard shortly
 "RBI may allow margin cap of 12% for large MFIs for FY14")
'CAD, inflation should ease in FY14'
Icra suggested a cautious approach towards monetary easing for reducing the CAD
Expand branches in unbanked rural areas: RBI
The scheme will cover 20 districts to cover LPG cylinder subsidy from June 1 or before
 "Expand branches in unbanked rural areas: RBI")
High government balances leading to liquidity tightness: H R Khan
Says that the central bank is looking whether the present liquidity deficit is temporary or structural
Go slow on gold coin sales, Reserve Bank tells banks
However, D Subbarao governor of the central bank has hinted that RBI will not ban such sale
 "Go slow on gold coin sales, Reserve Bank tells banks")
Cobrapost sting: I-T notices to ICICI, HDFC and Axis banks
The aim of the department is to check suspected tax evasion by these banks and possible loss of revenue by alleged illegal acts done by authorised individuals
 "Cobrapost sting: I-T notices to ICICI, HDFC and Axis banks")
Future Financial may be first MFI to opt out of debt recast
To repay Rs 110 crore restructured loans, release promoter's guarantee
 "Future Financial may be first MFI to opt out of debt recast")
RBI wants stricter norms for gold import firms
The central banks had said gold import by banks will only be restricted to consignment basis to meet genuine needs of exporters
Deadline for new bank permits could be extended
RBI thinks aspirants will need more time to finalise applications
MFI loans outside Andhra rise 39%
Of this, non-Andhra Pradesh micro credit firms witnessed a growth of 39% compared with just 7% increase achieved by AP-based MFIs
Incremental NPA additions dip sharply in Q4
Its aberration and risk of slippages remain high, warn bankers
 "Incremental NPA additions dip sharply in Q4")
RBI asks banks to disclose details of capital issuance
The new rule, issued to conform with Basel III banking capital reforms, will be applicable from July 1
 "RBI asks banks to disclose details of capital issuance")
Restrict EPF contribution to basic pay: Ficci
Proposal to re-notify definition of 'basic wages' under EPF & MP Act 1952 fraught with huge financial implications for industry, government
 "Restrict EPF contribution to basic pay: Ficci")
MFI portfolio outside Andhra registers 39% growth
Compared to FY12-13, gross loan portfolio witnessed a rise of 23% on a pan India with AP MFIs growing 7% and non-AP MFIs witnessing a growth of 39%
Further repo rate cut hopes stoke bond market
Investors are buying because with a further fall in interest rates, the price of these bonds will increase further
 "Further repo rate cut hopes stoke bond market")
RBI bars loan against gold ETF and MF
The move is aimed at curbing rising demand for the yellow metal
 "RBI bars loan against gold ETF and MF")
Banks cry foul as gold importers raise premium
The RBI, in annual policy review, had proposed to restrict import of gold on consignment basis by banks only to meet genuine needs of exporters of gold jewellery
 "Banks cry foul as gold importers raise premium")
Dena Bank to open 45 branches in state this fiscal
Currently, the bank has the nationwide branch network of about 1,461 branches, of which around 900 are located in Gujarat and Maharashtra
 "Dena Bank to open 45 branches in state this fiscal")
UB Group takes lenders to court
SBI says recovery process on as no court stay yet
 "UB Group takes lenders to court")