Page 1472 - Finance News

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

UCO Bank begins internal probe, conducts snap audit across Kolkata branches

Team of 36 officers makes surprise visits across 71 branches

Srikrishna panel insists on single unified regulator in financial sector

A new Financial Regulatory Architecture Act will incorporate all financial laws as per FSLRC report to be submitted shortly

Srikrishna panel wants delineation of organised trading from sector regulators

This is recommended to check the conflict of interest that may arise in financial regulatory bodies' role in policy formation and them being a regulator of financial or commodity trading

Short-term rates trading below 10% for the first time in two years

Drop in interest rates and finance ministry norms on CD issuances contributed to this

SKS completes two securitisation transactions worth Rs 115 cr

Both the transactions were rated as A+(SO)

RBI moots ways to boost returns on India Inc's foreign investments

Proposes tax exemption on dividend payouts and credit for corporation tax paid in host country

30 banks to switch to risk-based supervision

The new system will bring in uniform methodology to check health of the banking system

SKS: Will resume operations in AP

On March 18, interim order from SC made clear that no coercive steps could be taken against the co if it complied with Oct 22, 2010 orders

MFIN to move Supreme Court against Andhra Act

Move comes after SKS Microfinance received an interim order from the apex court to resume operations in the state

Consider separate credit limits for renewable energy projects: Govt to PSBs

Wind, power project face hurdles in getting bank finance

BoB to pay 18% interim dividend

Banks lost Rs 4,448 crore to fraud in 2011-12

The amount was lost in 5,569 incidents reported by Indian banks, FM tells house

Bankers plead for rate cut on Dec 18

PM says inflation should come down to 5-6%

Govt clears Rs 12,000 cr capital infusion in PSU banks

The move aims at enhancing capital base of IOB, Central Bank and Bank of Maharashtra

Interest rate cut needed to boost growth: Montek

RBI has chosen to keep all key rates and ratios unchanged in its policy review unveiled earlier in the day

Amended legislation paves way for new banks in 2013

Going forward, interest rates are likely to see a downward trend which could stimulate economic growth and perk up demand for consumer durables

One bank branch per 1,000 households to enable cash transfers from next month

Currently of about 6 lakh villages in the country, only 75,000 have a bank

New Bank licence: Final norms likely in January

However, process of inviting applications may not start immediately

RBI revises rating symbol of Fitch on name change

For example, Fitch AA will now be known as IND AA