Page 1468 - Finance News

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

HDFC Bank to charge customers for InstaAlert SMSes

Customers will be charged Rs 15 per quarter in case of salary or savings accounts, and the charge would be Rs 25 for current account customers

Limit loan write-offs, FinMin asks PSU banks

Govt has also asked the banks to ensure that the amount written off by banks as bad loans does not exceed the cash recovery made during the year

UBI first bank to file winding-up petition against UB Holdings

UBI, which has a Rs 400 cr exposure, is the first lender to file a winding up petition against the company

In Cyprus, feeling the pain of a bailout

In the island nation, the damage and pain of the financial crisis are resulting in a rising anger

PNB needs to overhaul branch banking model for rural scale-up

PNB's share of losses from infrastructure is expected to be higher than those of peer large government banks

CAD's impact on rupee to be short lived: Experts

Say the current account deficit would be lower in the fourth quarter as exports expected to pick up

Following BRICS bank plan with interest: IMF

Stops short of welcoming the plan, acknowledges that infrastructure gap is key constraint to sustainable growth in developing countries

FM inaugurates 300 bank branches in UP

This is the largest number of bank branches launched in a single day in India, a feat, which Chidambaram termed as a 'triple century in a Cricket match'

Subbarao to attend IMF conference

The conference will bring together leading academics and policymakers from around the globe

Securing a loan is a right: Chidambaram

Hinting at PSU banks, FM calls for change of attitude of treating fram loans as charity

AIRREA stir put off

The proposed strike has been deferred after conciliation with the govt

Banks draw govt's ire again for neglecting study loans

Despite much prodding, the government has met with limited success in changing their approach in giving loans

Chidambaram unveils 300 bank branches in UP

This is the largest number of branches launched in a single day in India, FM calls feat 'triple century in a Cricket match'

Ravi Pillai buys 4.49% share in Dhanlaxmi Bank

The RBI had allowed Dhanlaxmi Bank to issue preferential shares to raise capital

Rates will correct but liquidity issue remains

According to some reports, the govt is expected to close the year with a Rs 75,000-cr cash balance with RBI

Banks make a killing in call money market

Today, arbitrage gains were as high as 9.5%

Patient Cypriots queue as banks reopen

Banks were shut almost two weeks ago as the government negotiated a $13 billion international bailout