Page 1464 - Finance News

Delinquency rate in commercial vehicle loans rising: CRISIL

The rating agency warned the quality of retail assets may deteriorate further

Banks may need more time to replace debit, credit cards

Card fees likely to increase to offset replacement cost

Nabard lends Rs 8,000 cr to Punjab in 2012-13

This is the highest ever assistance so far and shows an increase of 24% over the last year

Vizag co-op bank ties up with Mumbai firm

Bank has 28 branches and 7 more will come up during this fiscal

Repayment records in commercial vehicle loans hit 3year low: Crisil

However, other segments, such as housing loans, car loans and microfinance loans remain stable

Cyprus debt funds halt remittances from India

Move reflects fears over safety of money following the economic turmoil in Cyprus, which prompted the nation to impose haircuts on bank accounts, raise taxes and introduce capital controls

SBI to open 100 branches in Andhra

The new branches to come up in semi-urban, urban and metros to complete with private banks

NHB to raise Rs 14k cr in 2013-14

It will raise the funds from the market

Axis Bank aims Rs 50,000 cr home loan portfolio by FY15 end

The bank's retail assets had grown 43% in the quarter ended December 2012

Direct plans take 15% of MF AUM

Most of this money has come in from institutional investors who look to save money they would otherwise have paid distributors

How banks and funds are gaming money markets in India

They are breaching RBI rules forbidding forward trades, multiple people involved in the practice

SBI to raise up to $1 bn via 5-yr bond

To meet Indian firms' demand for forex resources

Smooth sailing for FY14's first govt bond auction

In 2012-13, the first auction worth Rs 18,000 cr had seen devolvement on primary dealers to the tune of Rs 1,195 cr

BoJ joins Fed, ECB in record stimulus

Indian companies' foreign investments (Outward FDI)

Nabard to transform 700 primary co-op societies into multiservice centres

Ernakulam district credit plan pegged at Rs 12,995 cr for fiscal 2013-14

BoB revises fixed deposits rates by up to 0.25%

Fixed deposit rate on maturity between 271 days and one year will go up by 0.15% to 7.75% from existing 7.60%

Bank of Baroda cuts deposit rate by 25 bps

Peak fixed deposit rate falls below 9%

RBI to lower key rate by 0.75% this fiscal: BofA ML

According to the global investment banking major, RBI will increasingly switch to supporting growth from exclusively fighting inflation