Page 1446 - Finance News
Bank NPAs likely to be at 4.4% levels this fiscal: Fitch
Note says infrastructure is the biggest risk for the banks during the fiscal, which will see the gross bad assets ratio climbing up to 4.4%
 "Bank NPAs likely to be at 4.4% levels this fiscal: Fitch")
Number of fraudulent cash withdrawal cases down: SBI chief
He was responding to queries on what steps the bank had taken to prevent fraudulent withdrawal of cash from accounts of SBI customers
 "Number of fraudulent cash withdrawal cases down: SBI chief")
Credit-deposit ratio crosses 50% in UP
The CDR in the state had long been hovering in the range of 45-48% over the last several years
 "Credit-deposit ratio crosses 50% in UP")
PNB chief says probing money laundering charges by Cobrapost
Cobrapost has accused a number of public and private sector banks as well as insurance companies of running a nation-wide money laundering racket
No criminality in Cobrapost findings: SBI
Online portal Cobrapost had accused as many as 23 banks, including SBI, and insurance companies of running money a nation-wide money laundering
 "No criminality in Cobrapost findings: SBI")
SBI projects 16% loan growth for 2013-14 fiscal
Lower growth in advances was attributed to the increasing demand from corporate sector opting for dollar loans
Cobrapost fallout: Indian Bank suspends employee
The bank has also initiated the exercise to bring all operative accounts with it under KYC norms
 "Cobrapost fallout: Indian Bank suspends employee")
PNB March-quarter net profit down 21%
The Bank declared 270% dividend (Rs 27 on Rs 10 share) for 2012-13 when net profit dipped 2.8% at Rs 4,748 crore
 "PNB March-quarter net profit down 21%")
Islamic banking not consistent with existing laws: RBI
Charging of interest is necessary to conduct banking operation in India, which Islamic banking does not allow: Subbarao
 "Islamic banking not consistent with existing laws: RBI")
Asset quality pressures continue to haunt banks in FY14
Crisil research: gross NPAs of banks are estimated to be around 3.5% as of March 2013 up from 2.9% as of March 2012
 "Asset quality pressures continue to haunt banks in FY14")
US row a minor regulatory issue, says SBI
Says it is working towards appointing more professionals, including banking secrecy executives, as desired by the regulators there.
 "US row a minor regulatory issue, says SBI")
Indian Bank Q4 net down by 15%
Total income grows by 15% to Rs 4,022 crore
 "New guidelines for banks doing insurance broking")
 "A snapshot of PE activity & deals")
Corporation Bank's Q4 net up marginally
Total income rises by 15.6% to Rs 4,635 cr
 "Corporation Bank's Q4 net up marginally")
It is govt's job to check money laundering: RBI
Bringing down inflation without hurting growth a challenge, reiterates Subbarao
 "It is govt's job to check money laundering: RBI")
Cable digitisation opens the door to more PE deals
Experts say Direct-To-Home players, cable operators in dire need of additional investments
 "Cable digitisation opens the door to more PE deals")
Indiaproperty.com to raise $12 mn
Existing investors are also expected to participate in the company's series-B fund-raising plan
Actis may exit first realty PE investment in India
Actis had invested $25 million in a JV company floated with Vaishnavi Group to construct a residential and retail development in Bangalore