Page 1470 - Finance News
Banks in TN take total deposit of Rs 4.11 lakh cr till Dec 12
The state has surpassed the national norm of 40% in share of priority sector advances, at 43.17%
 "Banks in TN take total deposit of Rs 4.11 lakh cr till Dec 12")
PE fundraising back on agenda
But, difficult time expected, with investors unlikely to back those without credible record
 "PE fundraising back on agenda")
redBus.in being valued at $110 mn
Fundraising discards traditional benchmarks, deal nearing closure
 "redBus.in being valued at $110 mn")
Hit by liquidity crunch, banks pay penal rate for RBI funds
Repo borrowing at new fiscal high; overnight rates hit 9%
 "Hit by liquidity crunch, banks pay penal rate for RBI funds")
Basel proposes halving bank exposure limit
A bank should limit its exposure to any other single bank at no more than 5% of its capital base
HSBC sees best inflow in a year extending on rules
Global ownership of local sovereign and corporate notes jump $2.6 bn since Dec 31 to a record $35.5 bn on March 21
RBI to conduct additional liquidity operations
Aims to facilitate smooth, non-disruptive conduct of banking operations
 "RBI to conduct additional liquidity operations")
Banks told to keep tax collecting branches open on Mar 29-31
The facility for payment of taxes online and through select ATMs is also available
 "Banks told to keep tax collecting branches open on Mar 29-31")
Barclays hopes RBI will cut rates by another 50 bps
Notes that RBI's policy statement on Mar 19 was balanced, and not hawkish
 "Barclays hopes RBI will cut rates by another 50 bps")
Banks initiate crackdown on wilful defaulters
To recover dues from 50 top defaulters; finance ministry wants proceedings fast-tracked
 "Banks initiate crackdown on wilful defaulters")
Bajaj Finance plans to enter rural markets in second quarter of FY14
To offer gold loan, farm equipment and used vehicle loan from second quarter of FY14
 "Bajaj Finance plans to enter rural markets in second quarter of FY14")
ICICI Bank and HSBC start expanding credit card base
The two banks have not engaged in expanding this segment since 2008-09 due to uncertain economic environment
 "ICICI Bank and HSBC start expanding credit card base")
 "Stressed assets of public sector banks zoom")
Bank borrowings touch Rs 1.5 lakh cr on Monday
Street expects it to rise further this week
 "Bank borrowings touch Rs 1.5 lakh cr on Monday")
Libor rate oversight to be handed to new UK regulator
Due to come into force on April 1, the rules meant to restore credibility to the tainted benchmark
More independence a prerequisite for policy committee: Subbarao
RBI one of the few major central banks where monetary policy decisions rest in the hands of the governor, as opposed to a committee
 "More independence a prerequisite for policy committee: Subbarao")
Moody's cuts standalone rating for IOB, OBC and Syndicate Bank
Falling asset quality; pressure on profitability drive rating action
 "Moody's cuts standalone rating for IOB, OBC and Syndicate Bank")
 "Is the worst really over?")
SKS Microfinance to turnaround in FY15
The company reported a marginal net profit in the December 2012 quarter after making losses for seven quarters in a row
 "SKS Microfinance to turnaround in FY15")