Page 1447 - Finance News

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

Levy cheque return fee only if customers at fault: RBI to banks

RBI said those cheques required to be re-presented without any recourse to the payee should be made in the immediate next presentation clearing not later than 24 hours

Bank broking arm to be independent accounting unit: Irda panel

The report said banks acting as brokers will not only enable them to utilize their entire network of branches but also increase insurance penetration

Citigroup names Wieting chief strategist for private banking

Arch Pharma asked to explain why it should not be treated as wilful defaulter

The public sector lender has an exposure of Rs 53 cr to Arch Pharma, which is classified as non-performing

Need of centralised infra for bill payments: RBI panel

IBPS would be connecting billers through aggregators and customers through customer service points

Cobrapost: 15 bank staff suspended

SBI suspends 2 executives, packs three on leave, begins internal audit

Liquidity deficit again crosses Rs 100,000 cr

Lack of govt spending seen as problem

'High credit and low deposit growth can hit SBI's margins'

In FY13, the banking sector saw non-food credit growth of 14%, while deposit clocked growth 14.3%, according to the RBI

Bilcare debt recast gets complicated

United Bank of India labelling dues as non-performing assets

RBI clarifications on new bank licences shortly

"RBI is currently examining the queries, and clarifications on the same will be placed on the RBI's website shortly"

Axis Bank gets NPS trustee bank mandate

NPS currently has a corpus of over Rs 28,400 crore of 44.93 lakh subscribers

There's no consensus yet on GST: Raghavji

FM had said that work on GST was in progress; there were 70% possibility of the legislation being passed in Parliament during remaining term of UPA II

Cobrapost: Bankers and insurers in damage-control mode

Finance ministry orders probe

'Less scope for further monetary policy actions'

Subbarao says CRR could be used for infusing liquidity

Cobrapost stings SBI, LIC, 21 other banks, insurers

All named institutions deny money-laundering allegations

Lenders recovered Rs 1,000-cr dues from Kingfisher: SBI chairman

The consortium of 17 banks has an exposure of about Rs 7,000 cr to the airline

RBI committee bats for help to exporters

Panel says there is an urgent need to boost India's exports so that the trade deficit is narrowed down and CAD stays within the projected cap

Sandeep Gupta is MD of corporate finance division at IDFC Capital

Will look after financial services and financial sponsors of IDFC