Page 1467 - Finance News

RBI eases interest rate norm for power debt restructuring

Agrees to a coupon rate of 8.9% for the bonds to be issued by state discoms

RBI to meet bankers on Thursday for pre-policy discussions

Banks will ask the banking regulator to defer the higher provisioning norms on standard restructured advances

Wait for new 10-yr benchmark govt bond gets longer

Liquidity deficit expected to ease

Market expects OMOs up to Rs 75k cr till Sept-end

'ECB norms for HFCs likely to be reviewed'

Government and Reserve Bank may relax norms for paid-up capital and net-owned funds

Deposit rates start falling; lending rates to follow suit

PNB & OBC cut deposit rate; SBI still cautious

Cyprus President says nobody immune from bank collapse probe

Says that the panel will have explicit terms of reference to exclude nobody from probe, even his own extended family

Change of guard in financial sector in

IndusInd Bank debuts on Nifty; shares soar 3%

IndusInd Bank, state-run NMDC replaced IT major Wipro and diversified group Siemens on the 50-share benchmark

Karnataka Bank eyes 27% business growth

Aims Rs 78,000-cr biz turnover comprising deposits of Rs 45,500 cr and credit of Rs 32,500 cr for FY14

Nabard support in Haryana crosses Rs 6,000 cr in 2012-13

Records 19% growth from Rs 5,091 cr last fiscal

PNB, OBC cut deposit rate; SBI still cautious

The new financial year has brought bad news for the savers.

Lenders want higher provision on recast loan to be deferred

RBI will meet top bankers of the country to discuss deferrment of the aforementioned norms

FM to meet select bankers in Mumbai next week

Aims to impress upon them the need to increase lending to productive sectors

PNB cuts domestic term deposit rates by up to 200 bps

For deposits of less than Rs1 cr, cuts rate to 7.5% from 8.75% for maturity period of 180 days to less than a yr

SKS Microfinance concludes two securitisation transactions

Deals aggregate to Rs 226 crore, completes 12 securitisation transactions with the deals

RBI against panel proposal to form super-regulator for financial firms

Cites different reasons, including lack of focus and unconvincing results abroad

Syndicate Bank to raise $500 mn through MTN bond issue

The bank, targeting to be Basel-III compliant by 2018, seeks capital infusion of Rs 1,400 cr from Centre

Banking aspirants line up with clarifications on licence norms

Clarifications range from issues such as the details to be provided in the licence application forms and the exact time period that RBI might take in grant of licences

Margins remain under pressure, sats IDBI Bank

The bank's net interest margin had moved up to 2.30% for the December quarter, up from 1.89% a year ago