Page 1471 - Finance News
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")
Deutsche Bank maintains 22,500 Sensex target for December
Bets on more government action
 "Deutsche Bank maintains 22,500 Sensex target for December")
Bankers say lending rates to remain high in near term
Stance comes even after RBI delivered two successive rate cuts of a cumulative 0.50% this year
 "Bankers say lending rates to remain high in near term")
SKS Microfinance may raise Rs 3,000 cr next fiscal
Recent rate cut by RBI expected to show its effect on borrowing rates April onwards
Govt wants PSBs to consider separate credit limit
Wind power projects face hurdles in getting bank finance
 "Govt wants PSBs to consider separate credit limit")
Bengal govt to bring new legislation to curb chit funds
The bill, which proposes a life term for convicts, however, is still awaiting Presidential assent since January 2010
 "Bengal govt to bring new legislation to curb chit funds")
Notification on Basel-III norms soon: Subbarao
Says the new capital system will come into effect from April 1, 2013
 "Notification on Basel-III norms soon: Subbarao")
Super-regulator for financial sector mooted
B N Srikrishna commission spares RBI for now
 "Super-regulator for financial sector mooted")
Street expects new 10-year benchmark govt bond in April
Outstanding on 8.15% 2022 is already at Rs 70,000 cr as on Feb 18, shows RBI data
 "Street expects new 10-year benchmark govt bond in April")
Bank loans to infra projects are secured lending: FinMin
The move is aimed at boosting infrastructure financing, especially for the projects in roads and power sector
 "Bank loans to infra projects are secured lending: FinMin")