Page 1456 - Finance News

Money laundering: HDFC Bank says probe into Cobrapost expose yet to find irregularities

25 staff to remain suspended till completion of investigation

Two MFIs to get $10 mn each from IFC

The proposed fund-raising, through ECB route will help the firms expand their base

HDFC Bank Q4 net profit increases 30.1% to Rs 1,889.8 cr

Higher interest income, better margin, lower provisions drive growth

SBI launches prepaid card for blue-collar workers

The minimum amount that can be loaded on the card is Rs 100 and maximum is Rs 10,000

'Unlike in 1993, new banks will find it tougher now'

RBI's Chakrabarty says meeting financial inclusion objectives won't be easy

RBI to tweak KYC norms to tighten banking system: Chakrabarty

To extend thematic review to 34 banks; rules out breach of anti-money laundering norms

Bengal govt ignored RBI alert in Dec

Subbarao had even publicly said all states had been warned to act, that it was solely their responsibility

Assocham for quick action against rogue finance firms

Asserts that it is the responsibility of the state govt to punish the guilty and to protect investors by confiscating the property

Par panel objects to CMPFO not parking Rs 45K cr in PSU banks

CMPFO has invested Rs 29,363.95 crore in ICICI Securities Primary Dealership Ltd besides Rs 16,522.5 crore in the Special Deposit Scheme of the Ministry of Finance

No application yet to RBI for setting up new pvt banks: Govt

RBI had invited applications two months ago and the last date is July 1, 2013

Lower inflation gives RBI greater space to cut rate: Rangarajan

However, he said, inflation continues to remain high, but there are definite signs that headline WPI inflation is coming down

Union Bank raises $350 mn from bond sale in Hong Kong

the bank had raised $350 mn in Aug 2012 as a part of the bank's $2 bn Medium Term Note Programme

Goldman expects 50 bps rate cut by mid-2013

It also lowered its inflation forecast for FY14 to 6% from 6.8% due to large near-term reductions in the inflation trajectory

Gold loan body asks members to reduce lending rates

Says demand for gold loan remains strong despite lower loan-to-value ratio

Co-op banks can't use Sarfaesi for debt recovery: Gujarat HC

Declares the central government notification dated January 28, 2003, bringing cooperative societies within the purview of the Act, null and void

Indian companies step up foreign bond issuances

Firms sold $6.3 bn of bonds abroad in the three months ending March 31

RBI may allow 7-8 new banks

To clarify that aspirants with pending I-T, ED or CBI cases can also apply

Too early for optimism on trade balance

Commodity price correction not enough, feel many

Par Panel for opening branches in unbanked areas

The Committee in their earlier reports had expressed their view that the rural branches should be considered as a service centre and not merely as a profit centre

Canara, OBC to oppose HSBC's plan to sell stake in insurance JV

HSBC owns 26% in the joint venture, Canara Bank holds 51% and Oriental Bank of Commerce 23%