Page 1580 - Finance News

India is new focus for Societe Generale

French bank opens branch in Sanand; plans 4 more in the country

Banking supervisors may seek to simplify Basel III

Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be eff

Credit growth to industry slows to 15.2% in Jan

The central bank said non-food bank credit rose 14.6% in January compared to 15.9% a year ago

Kotak raises Rs 490 cr for its infra PE fund

In addition to Kotak itself, the fund received commitments from Sumitomo Mitsui Banking Corporation and an affiliate of Brookfield Asset Management, JBIC

Govt to launch 1 bn units of Rs 10 plastic notes in 5 cities

Field trial will be conducted in five cities -- Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla

Job applications flood State Bank

1.7 mn in the running for 1,500 probationary officers' positions; job profile, security and good pay lure aspirants

Banks' borrowing crosses Rs 1-lakh-cr on tight liquidity

Banks will tend to wirhdraw more from RBI's short term LAF to manage fund requirements

BoJ nominee vows swift action as orders data disappoint

SREI looks to set up bank

Plans on converting some of its 28,000 rural centres into banks if gets a license

Profitability of L&T Housing Finance may stay low: Icra

Rating for long term loans upgraded to "AA" from "BBB"

Dredging Corporation to raise Rs 500 cr through tax-free bonds

The tenure of the bonds are 10 year and 40% of the issue is earmarked for retail investors

India Inc invests $1.65 bn in February in foreign countries

In outward FDI, Indian companies had equity contribution of $291 mn, while they gave loans worth $258 mn

'Low interest rate not benefitting the needy'

Brazil central bank seen raising rates to 8% this yr

Corporation Bank expects gold loans to touch Rs 185 cr in Hyderabad zone

Banks to publish photos of loan defaulters in newspapers

The action will be taken if loans not cleared within 15 days of issuance of notice

Andhra Bank, SBH to focus on SMEs

SBH declares FY14 as SME year, targets 60% growth

Chidambaram to meet PSU bank heads on March 18

Direct benefit transfer, deteriorating asset quality and credit growth form broad agenda

HSBC's India headcount dips for 4th straight year in 2012

Marks a decline of 2,000 employees from its 32,000-strong headcount at the end of 2011

Chidambaram to meet heads of PSU banks on March 18

The broad agenda of the meeting include direct benefit transfer, deteriorating asset quality and credit grow