Page 1442 - Finance News
PSBs expected to raise Rs 9.60 lakh cr in 10yrs: Report
The Holdco can raise long-term debt from domestic and international markets to infuse equity in the PSBs
 "PSBs expected to raise Rs 9.60 lakh cr in 10yrs: Report")
PSU banks overdue rate at 60% in Odisha
Overall recovery position of all banks by March-end this year stands at dismal 45.45%
 "PSU banks overdue rate at 60% in Odisha")
City Union Bank to expand branch and ATM network
Currently, the bank has 375 branches and 790 ATMs, and it aims to maintain the branch-ATM ratio of 1:2
 "City Union Bank to expand branch and ATM network")
RBI moots review of all bank licences on 'fit & proper' norms
Note to finance ministry says adherence to the guidelines needs to be evaluated
 "RBI moots review of all bank licences on 'fit & proper' norms")
Rupee set to strengthen on easing inflation, lower CAD
Experts see rupee strengthening to 53 per dollar by end-December
 "Rupee set to strengthen on easing inflation, lower CAD")
Squeeze HFCs under RBI umbrella to shield from red tape: SBI
A single regulator for all types of loans would help credit disbursal, says Pratip Chaudhuri
 "Squeeze HFCs under RBI umbrella to shield from red tape: SBI")
India MFIs baulks at chit fund depositors after Saradha
While loans to agents of MLM firms have stopped, existing depositors now have to declare their investments before borrowing from MFIs
 "India MFIs baulks at chit fund depositors after Saradha")
Amanath Co-operative Bank crisis escalates after withdrawal curbs
The bank has over 200,000 depositors across Karnataka, most of them Muslim shopkeepers. It is understood that there is high stress on around Rs 66 cr worth of advances on the bank
HFCs should be regulated by RBI: SBI chairman
Currently, RBI regulates home loans provided by commercial banks, while housing finance companies are regulated by National Housing Bank
 "HFCs should be regulated by RBI: SBI chairman")
Saradha Group promoter sent to judicial custody till May 31
Court rejects Saradha Group promoter Sudipta Sen's bail plea
Govt bond yields seen falling; rupee may weaken
Traders foresee value buying in the week ahead, expect yield on 10-yr g-sec fall to 7.3% from 7.4%
 "Govt bond yields seen falling; rupee may weaken")
Low-cost Casa deposits key to profitability for NBFCs
Icra says lending and capital norms can be phased over time
RBI auctions new 10-year govt bond
Yield may fall further from current levels due to value buying and expectations of a further cut in the repo rate
 "RBI auctions new 10-year govt bond")
ING Vysya Bank plans to raise Rs 2k-cr
ING Vysya Bank has capital adequancy ratio of 13.2 %, looking at credit growth of 17 % on its current book size of Rs 34,370 crore
 "ING Vysya Bank plans to raise Rs 2k-cr")
'Loan yield dip to affect Allahabad Bank margins'
Hike deposit rates to face competition may impact
 "'Loan yield dip to affect Allahabad Bank margins'")
World Bank nod for $100-million loan to NHB
Loan granted under concessional International Development Association window on a long-term basis for 25 years
 "World Bank nod for $100-million loan to NHB")
CBI probe into Deccan Chronicle on: Canara Bank
CMD says action should be taken against the media company
 "CBI probe into Deccan Chronicle on: Canara Bank")
Odisha banks miss agri credit target for third year in a row
In 2010-11, achievement was 74% while in 2011-12, it fell further to 67%
 "Odisha banks miss agri credit target for third year in a row")
FinMin moves on regional rural banks in UP
Aryavart Kshetriya Gramin Bank, Shreyas Gramin Bank to be amalgamated into a single Regional Rural Bank called as Gramin Bank of Aryavart