Page 1443 - Finance News

Foreign investors see Re trade at 55-level against USD

Most investors are bullish on the rupee and expect the currency to either remain stable or appreciate in the next six months

Norm violation: Bank penalty may go up

Now, the maximum penalty under law is Rs 1 crore, and that is very less: Rajiv Takru

ICICI Bank repatriates C$75 mn from subsidiary in Canada

The bank said its effort was aimed at optimising capital for the ICICI Group and to improve its return on equity

European banks hesitate to join rush for new share capital

Merkel pushes bank-regulation votes before September 22 polls

OBC cuts fixed deposit rates by up to 1%

The fixed deposit rate for maturities ranging from 31-45 days has come down to six per cent from seven per cent

Central Bank to shed Rs 16k-crore high-cost deposits in Q1

Bank has already brought-down share of high cost funds in total deposits though FY13

Yield on new 10-year G-sec expected at 7.25%

Might initially drop due to rate cut hopes, which might not come off

Bonds remain bullish on firm demand

Vikram Pandit, partner to buy stake in JM Financial

Ex-Citi CEO to be non-executive chairman of the NBFC and its proposed bank

Karnataka Bank plans to raise Rs 500 cr

Karnataka Bank had earlier during January 2010 raised Rs 160 cr through the QIP route

OBC cuts fixed deposit rates by up to 1%

The announcement comes on the heels of RBI cutting key policy rate by 0.25% earlier this month

Action against ICICI, HDFC & Axis Bank after they reply to show-cause notice

Finance Ministry says active discussions on hiking penalty for violations goin on

Baring PE Asia to invest $260 mn in Lafarge India

Will take 14% stake; transaction will accelerate the cement major's growth plans in India

S&P says Cypriot deposit grab may set Euro zone precedent

The ratings firm also raised concerns that the Euro zone's plans for a banking union may fall short of requirements

Everstone set to sell stake in Sula Vineyards

Avendus Capital has been hired to find potential investors

PE companies revive exit hopes with changed IPO market

Bank papers portray Cyprus as Russia's favourite haven

At least euro 3.6 bn ($4.67 bn) was removed in two weeks by big depositors, according to the documents

Deposit growth still a challenge: RBI

Deposit growth was 13.49% y-on-y, credit growth was 14.96% y-on-y in the fortnight ended May 3

Takru, bankers discuss stalled Maheshwar hydel project

The project has been stalled since 1998