Page 1440 - Finance News

UB Group takes lenders to court

SBI says recovery process on as no court stay yet

Q4 Scorecard: PSBs continue downslide, pvt banks shine again

The number of restructured loans and defaulters have also hit record highs, but mostly for the public sector banks

Canara Bank expects loan growth of 20% in FY14

The total advances of the Bangalore-based bank stood at Rs 2,43,936 crore at the end of March 2013

RBI to relax contract booking norms for exporters

Will continue to manage exchange rate to curb excessive volatility

Fast-track court to deal chit fund fraud

Over 200 cases registered, investors' money may be returned in six months

Sidbi targets Rs 45,000 cr disbursements in FY14

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

Subbarao grilled over busting of Saradha

Parliamentary panel asks him why no action was taken against the company among others when they offer fancy rates of returns

RBS to close 23 of 31 branches in India

Move comes after bank's failure to close deal with HSBC

SBI signs MoU with Spanish bank

The MoU will give SBI direct access to Latin American market

NPAs of 39 banks increased 0.8% in fourth quarter of 2012-13

High provisioning lead higher NPas in the quarter

RBI plans to ease hedging norms for exporters, importers

Exporters and importers will be allowed to rebook and cancel up to 50% of their total hedged exposure from present cap of 25%

Indian firms rush for cover as currency falls

Since May 1, the rupee has fallen 3.31%, due to the increasing strength of the dollar against all currencies, as well as the country's high current account deficit

SBI tightens lending norms, goes after NPAs

Steps up loan recovery to improve asset quality

Subbarao agreed with minority of advisors, show minutes

RBI had cut the repo rate by 25 basis points on May 3 and now it stands at 7.25%

Rupee weakens on global cues

This despite the strong inflows in domestic markets by foreign institutional investors

SBI Q4 net profit falls 18.5%

Higher loan loss provisions, rise in expenses led to lower profit

SBI to invest in high quality stocks only: Chaudhuri

"We have decided to do trading in high quality stocks only, preferably the Nifty stocks which have good volumes and less volatility," Chaudhuri said at a news conference here.

Canara Bank to raise up to $1 bn from overseas mkt next week

The funds raised would be utilised for growth of overseas business of the bank

Subbarao went against panel suggestion of no repo rate cut in May

The RBI cut the key policy repo rate for a third straight time in 2013 to 7.25% on May 3, pulling it to a two-year low

SBI chairman says challenge in mid and small companies continue

The lender is reeling under bad debt of 4.75%, the highest among Indian banks, and restructured nearly $1.5 billion loans in January-March quarter