Page 1455 - Finance News
As bond yields soften, banks see arbitrage opportunity
Banks using their excess SLR holding to borrow under LAF at the rate of 7.50%
 "As bond yields soften, banks see arbitrage opportunity")
Banks to continue focusing on retail credit in FY14
Credit demand from corporate sector may not pick-up even in this fiscal
Vijaya Bank targets 25.3% business growth in FY14
Eyes total biz to Rs 2,10,000 cr; plans to increase branch network to 1,500
 "Vijaya Bank targets 25.3% business growth in FY14")
Ficci pitches for 1% cut in rates by RBI to boost growth
Kidwai said the bank's lending rate has come down only to 9.7-10.25% at present from 10-10.75% in April last year, which is not tandem with the rate cuts announced by the RBI
 "Ficci pitches for 1% cut in rates by RBI to boost growth")
Gold imports down 12% in Apr-Feb 2012-13
Gold imports in value terms stood at $56 billion for 2011-12, $40 billion in 2010-11 and $28 billion in 2009-10, Minister of State for Finance Namo Narain Meena said
 "Gold imports down 12% in Apr-Feb 2012-13")
CII pitches for 0.50% cut in lending rates
RBI must look at 50 basis points (0.50%) cut and over the next fiscal we look at 100 basis points (1%)
 "CII pitches for 0.50% cut in lending rates")
Maharashtra sees highest number Of card, internet banking frauds
The number of such cases in Maharashtra stood at 162, followed by Tamil Nadu (136), Haryana (127), Karnataka (83) and the national capital (75) in 2012
 "Maharashtra sees highest number Of card, internet banking frauds")
There is scope for RBI to cut interest rate: Rajan
The RBI is slated to announce monetary policy for 2013-14 on May 3
 "There is scope for RBI to cut interest rate: Rajan")
Getting deposits at right price will be key for banking: L&T Finance
Bank aspirant says growing branch network and change in mindset are the key focus areas
 "Getting deposits at right price will be key for banking: L&T Finance")
Microfinance industry denies links with chit fund firms
RBI-regulated NBFC-MFIs are in no manner connected with chit-fund companies in any region
Banks mull CD curve for term money market
To discuss idea with RBI, feel move could bring better transparency, pricing
 "Banks mull CD curve for term money market")
United Bank to apply for overseas licences to RBI
The newly appointed CMD said, "Initially, bank will apply for 8 to 10 licences shortly"
Banks plan to introduce certificate of deposit curve
Move could bring in more transparency and better pricing
 "Banks plan to introduce certificate of deposit curve")
How a receptionist became director?
Her three year journey to the corner office was nothing less than 'miraculous'
New Silk Route eyes stake in Punjabi By Nature
The financial details are not yet known
 "New Silk Route eyes stake in Punjabi By Nature")
Axis Bank Q4 net profit rises 22% to Rs 1,555 cr
The private lender's profit after tax for FY13 also up by 22% to Rs 5,179 cr
 "Axis Bank Q4 net profit rises 22% to Rs 1,555 cr")
Peepul Capital eyeing exit from Medall Healthcare
Investment bankers say the first option will be to exit in favour of another PE fund
With MFIs out, SHG-bank bond grows stronger in AP
In an indication to this, loans given to women SHGs under the bank linkage touched Rs 13,000 crore in the financial year ending March, 2013
 "With MFIs out, SHG-bank bond grows stronger in AP")
NHB's mortgage guarantee firm gets registered
IMGC will offer guarantees against borrower defaults on housing loans, which will help expand access to housing in the country
 "NHB's mortgage guarantee firm gets registered")
Money laundering: HDFC Bank says probe into Cobrapost expose yet to find irregularities
25 staff to remain suspended till completion of investigation
 "Money laundering: HDFC Bank says probe into Cobrapost expose yet to find irregularities")