Page 1461 - Finance News
KFA lenders to initiate process to liquidate Mallya's assets next week
The Goa villa, Mumbai office could be put on the block
 "KFA lenders to initiate process to liquidate Mallya's assets next week")
Over 100 aspirants line up for banking licence, seek clarity
Many large business groups such as Anil Ambani-led Reliance Group, L&T, Mahindras, Birlas, Religare and Videocon have already made public their intentions to apply for the licence
 "Over 100 aspirants line up for banking licence, seek clarity")
MFs witness record Rs 1.85 tn net inflow in 11 months of FY13
Mutual funds pool together money from many investors and invest it on their behalf, in accordance with a stated set of objectives
 "MFs witness record Rs 1.85 tn net inflow in 11 months of FY13")
Pvt banks eye a bigger pie in crop loans
Interest subvention throws up opportunities in rural mkt
 "Pvt banks eye a bigger pie in crop loans")
American dream eludes with student debt burden
People under the age of 40 who own homes fell 4.6% in the fourth quarter from the third, the biggest drop in records since 1982
 "American dream eludes with student debt burden")
RBI slaps Rs 5-lakh penalty on JPMorgan for FY12 breaches
The penalty has been imposed for contraventions of various RBI instructions on risk management
 "RBI slaps Rs 5-lakh penalty on JPMorgan for FY12 breaches")
Rise in deposits beats credit growth in FY13
The RBI had projected credit and deposit growth at 16% and 15% respectively
 "Rise in deposits beats credit growth in FY13")
Axis Bank revises deposit rates
Hikes it interest rate on certain deposits by 25 bps, while paring rates on some deposits by 55 bps
 "Axis Bank revises deposit rates")
SBI's $1-bn bond issue subscribed 4.3 times
The issue was priced at a spread of 255 bps over the 5-year US treasury
 "SBI's $1-bn bond issue subscribed 4.3 times")
Heliconia to acquire 2.6% in Kotak Mahindra
Kotak Investment Banking acted as the exclusive financial advisor to the transaction
 "Heliconia to acquire 2.6% in Kotak Mahindra")
DCB Bank Q4 net profit doubles to Rs 34 cr
Better margin, credit growth drive earnings
 "DCB Bank Q4 net profit doubles to Rs 34 cr")
Union Bank opens regional office at Sambalpur
The office will cater to the branches of the public sector bank in 15 districts
Heliconia to acquire 2.6% in Kotak Bank for Rs 1,296 crore
Bank to allot 20 million equity shares on preferential basis
Banks that are 'too big to fail' may be 'too big to succeed': Gartner
Bank CIOs, COOs must innovate in IT & operations to negate a problem
 "Banks that are 'too big to fail' may be 'too big to succeed': Gartner")
SBI raises $1 billion via bond sale
At 325 base, this could be the tightest money raised by a domestic corporate in a foreign market
Wall Street shadow: Seeking relief, banks shift risk to murkier corners
This trading sleight of hand has been around Wall Street for a while
IMF says 'so far, so good' on easing by global central banks
Central banks in US, Europe, Japan and UK attacked the longest and deepest recession since 1930s with unorthodox accommodation
Inflation indexed bonds may be issued in a month: RBI
The bonds will help investors hedge their savings against inflation
 "Inflation indexed bonds may be issued in a month: RBI")
SBI hits international bond market to raise $1 bn
The bonds are being offloaded through SBI's London branch and will be listed on Singapore Stock Exchange.
 "SBI hits international bond market to raise $1 bn")