Page 1454 - Finance News

CII hopes for 50 bps cut in interest rates

CiI expects an indication that RBI is open to bringing it down by 100 bps in long term

Only liquidity infusion will ensure monetary transmission

RBI likely to opt for OMOs, and save CRR for now

Jefferies raises ICICI Bank target price

Says 'profitable growth is back'

Bajaj Fin plans to double loans against securities portfolio

The company has a book size of Rs 700 cr at present

Stree Nidhi to lend Rs 1,694 cr this year

Last year, Stree Nidhi had disbursed loans to an extent of Rs 660 cr and earned a net profit of Rs 18.75 cr

With MFIs out, SHG-bank bond grows stronger in AP

Bank credit given to SHGs was higher by more than Rs 3,000 cr compared with the target

Adopt strategic optimism: Vellayan

Says the industry was witnessing multi speed growth in terms of various businesses, and the same business house was experiencing different speeds of growth for different businesses

Former Japanese Dy minister is new ADB President

Mr Nakao succeeds Haruhiko Kuroda, who stepped down in March to become Bank of Japan Governor

Govt red-flags over 250 dubious financial transactions

Most of the transactions related to Multi Level Marketing or ponzi schemes

Federal Bank aims 18% growth in gold loans in FY14

Kerala-headquartered bank's gold loan portfolio stood at over Rs 6,300 crore as of March 31, 2013

India Inc expects RBI to cut interest rate by 0.50%

RBI Governor D Subbarao will announce the annual monetary policy for 2013-14 on May 3

RBI likely to ease policy rate by 0.25% on May 3: Barclays

'The downside surprise in March WPI increases strengthens the case for monetary policy easing by RBI at May 3 policy meeting'

IDBI Bank Q4 net dips 28% to Rs 554 cr

Increased provisions on bad assets proves a drag

No evidence of money laundering in Cobrapost expose: RBI

ICICI, HDFC and Axis Banks are accussed of offering to convert clients' black money into white

ICICI Bank's Q4 net rises 21% on interest income

Better margin and lower provisions also drive growth

State Bank of Travancore reports 8.5% rise in net

No evidence of money laundering, says Kochhar

She, however, said the bank would tighten its internal processes further, to reduce "transactional errors"

Cholamandalam Investment Q4 net profit zooms 44%

The net profit of the company during March quarter previous fiscal was Rs 60.77 cr

Vijaya Bank posts Rs 224-cr profit

The bank recorded a 20.2% growth in credit and 16.8% growth in deposits during FY13

LIC Housing Finance net up 25% to Rs 316 cr

Company's total income grew by 23% to Rs 2075 cr