Page 1469 - Finance News
Patient Cypriots queue as banks reopen
Banks were shut almost two weeks ago as the government negotiated a $13 billion international bailout
 "Patient Cypriots queue as banks reopen")
DHFL Vysya cuts rate by up to 0.5%
DHFL has decided to reduce the interest rate in 0.2-0.5% range on housing loans from April 1 while aiming for 50% growth during 2013-14.
 "DHFL Vysya cuts rate by up to 0.5%")
HDFC Bank cuts base rate by 10 bps to 9.6%
Becomes the first bank to pare lending rate after RBI's March policy
 "HDFC Bank cuts base rate by 10 bps to 9.6%")
 "RBI defers Basel-III norms for forex derivatives")
Exim Bank hits Australia debt market, sells A$200-mn bonds
Becomes the first Indian issuer to tap the Aussie bond market for funds
 "Exim Bank hits Australia debt market, sells A$200-mn bonds")
Banks raise cautionary bar on gold loan firms, but see no liquidity risks
Seek data on impact of correction in gold prices
 "Banks raise cautionary bar on gold loan firms, but see no liquidity risks")
KYC norms for SHGs eased, all members need not be verified
RBI said KYC norms have been simplified to address the difficulties faced by Self Help Groups
Call rate ends at 17% amid tight liquidity
However, the street expects it to ease as the new fiscal starts
Diverse concerns over debt market
Unsustainable CAD, sticky inflation & impact on pace of rate cuts all worries for FY14
 "Diverse concerns over debt market")
Deadline for banks' FX forward settlement removed for now: sources
FEDAI informed banks and CCIL in a notification on Tuesday that a previous deadline of March 31 had been postponed
Citi may cut cash holdings to boost earnings
Looks to draw down liquid assets by $35 bn; move would follow recent reduction of $67 bn
 "Citi may cut cash holdings to boost earnings")
Banks stare at MTM losses as bond yields surge
Selling pressure from mutual funds has also aided surge in returns
 "Banks stare at MTM losses as bond yields surge")
FirstRand Bank eyes break-even by '14-end
The bank hopes to close the balance sheet next fiscal at $270 million
UK banks have $38-bn capital shortfall, says BoE
BoE is pushing banks to increase resilience so they can boost lending and fund an economic recovery