Page 1445 - Finance News
RBI creates new gold import hurdle
As announced earlier, consignment imports restricted; jewellery trade fears rise in costs, especially for smaller entities
 "RBI creates new gold import hurdle")
Syndicate Bank eyes 25% growth this year
In the financial year ending March, 2013, the bank achieved a 19% growth in advances (Rs 1,49,423 cr) and 17.4% growth in deposits
 "Syndicate Bank eyes 25% growth this year")
Gold imports jump to $ 7.5 bn in April
Gold and silver imports stood at $7.4 billion in January while in February and March it aggregated $5.7 billion and $3.3 billion respectively
 "Gold imports jump to $ 7.5 bn in April")
RBI puts restrictions on gold imports by banks
Higher trade deficit in turn puts pressure on CAD, which has been described as the biggest risk to the Indian economy by the RBI
 "RBI puts restrictions on gold imports by banks")
Bank of Baroda net falls 32% to Rs 1,029 crore
Total income grows by 14% to Rs 10,262.50 crore
 "Bank of Baroda net falls 32% to Rs 1,029 crore")
Canara Bank to raise up to $1 bn this month from overseas mkt
Funds raised would be utilised for growth of overseas business of the bank
 "Canara Bank to raise up to $1 bn this month from overseas mkt")
 "Global cyber heist")
Dena Bank Q4 net profit drops 50.7%
Higher provisions and contigencies pull down profit, total income for the quarter rises 17.24%
 "Dena Bank Q4 net profit drops 50.7%")
SIB aims Rs 1 lakh crore business this year
The bank registered the highest ever net profit at Rs 502.27 crore and achieved NPA recovery of Rs 204 crore
 "SIB aims Rs 1 lakh crore business this year")
Shadow banking still poses risks: Bernanke
The central bank was looking at asset markets closely for signs of excessive risk taking: Bernanke
 "Shadow banking still poses risks: Bernanke")
IDBI Bank cuts retail deposit rates in select buckets
Move is a considered response to signals from RBI's monetary policy announced on May 3
 "IDBI Bank cuts retail deposit rates in select buckets")
Capex cycle shows revival signs
Lagged effects of lower interest rates, slightly stronger exports and improved equity market performance may help
 "Capex cycle shows revival signs")
Govt banks' profits shrink on higher NPA provision, rise in cost
PNB net dips 20%, Indian Bank slips 15.4%, Union Bank of India sees just 2% rise in profit
 "Govt banks' profits shrink on higher NPA provision, rise in cost")
Bond market discounts RBI's hawkish stance
10-year yields at near-three-year low on rate cut hopes
 "Bond market discounts RBI's hawkish stance")
ICICI Bank offers Money2India.com mobile app
Enables registered users of ICICI Bank's money transfer tracking service keep track of their transfers through their smart phones
 "ICICI Bank offers Money2India.com mobile app")
SBI eyes home loans to drive credit demand
The bank has kept an ambitious target of 30% growth in the segment this year
 "SBI eyes home loans to drive credit demand")
Cobrapost-III releases more videos
Online portal shows tapes of employees of 10 banks seemingly complicit in money laundering; says it's a system
 "Cobrapost-III releases more videos")
RBI to actively manage liquidity: Subbarao
RBI would retire foreign exchange forward sale contracts to manage liquidity
Action against banks involved in wrongdoings soon, says central bank
Statement came hours after online magazine Cobrapost named four new banks as having offered money laundering services