Page 1459 - Finance News

Federal Bank launches Rupay brand debit card

Rupay is the card scheme launched by the National Payment Corporation of India

Post Pandit exit & some pink slips, Citigroup profit rises 30%

'Quantitative capital controls more effective in short term'

But RBI Governor Subbarao says such limits can also be distorting, inefficient and inequitable

Central bank stimulus under the spotlight at IMF, G20

Japan's stimulus to dominate discussions on world economy, especially the repercussions on asset prices and risks of stoking speculative buying

Swap rate at 27-month low as crude oil eases

Anticipated fall in global commodity prices, slowing inflation will give RBI room to cut borrowing costs

YES Bank Q4 net up 33%

Strong growth in low cost deposits led net interest margins to expand 20 basis points to three per cent, on year-on-year basis

Banks see year-end surge in credit, deposit

Disbursed fresh credit of Rs 83,500 cr in the fortnight ended April 5

Optimism on fall in crude, gold prices

RBI may get comfort in cutting interest rates further

Subbarao on IMF tailoring advice

The RBI chief believes that the IMF needs to be more consultative

ICICI Bank plans unsecured loan growth in a measured way

The bank has started expanding its credit card base after four years

Banking Secy to meet RBI Dy Governor today

Will take a call on course of action with regard to allegations of money laundering by staffers of three private sector banks

RBI: Corp sales growth at lowest level post crisis

Sales growth in Q3 FY13 was 9.2% to Rs 7.5 lakh cr, as compared to 19.2% in the same period of the previous year

Banks may raise margin requirement for gold loans

Banks have started reviewing the margin after a sharp fall in gold prices

Govt banks may switch from gross salary to CTC for pay hike

Concessional rates of interest on loans, employer's share in provident fund may become part of CTC

IDFs can extend schemes' tenure by up to 2-yr: Sebi

The IDFs can also invest funds collected for their schemes in bonds of public financial institutions and infrastructure finance companies.

Gold price fall to hit banks, NBFCs: India Ratings

It however said that the impact of a sharp fall in gold prices in the last few weeks could be absorbed by high profitability

State Bank to cut loan-to-value gold loan ratio

State Bank of India's LTV for gold loans is presently at 70%

Caspian Advisors to set up $40-mn debt fund in India

Fund to invest in MFI, small business, farm sectors

Revision in wholesale inflation may worry Reserve Bank

But March-end inflation could be within central bank's projection

Healthy recovery to better Q4 asset quality: SBI

Says 100-bp cash reserve ratio cut would reduce base rate by 20 bps