Page 3125 - Finance News
FIs turn down Glaxo's open-offer price
The institutions, which jointly hold 32% stake, also include Arisaig Partners, SBI Mutual Fund and GIC
Banks want incentive for tax-saving deposits
Seek permission to issue tax-free bonds
Banks win 4-year delay as Basel liquidity rule eased
This was a compromise between competing views from around the world: Mervyn King
Rupee declines by 7 paise at 55.30/dollar
Renewed dollar demand from banks and importers amid lower equities affects rupee
BofA-ML upgrades state-run banks, SBI stocks gain over 1%
The brokerage changed the status of SBI Bank of Baroda and Oriental Bank of Commerce to 'buy' from 'underperform'
NBFC body opposes stricter norms
RBI had suggested that NBFCs should be treated at par with banks so far as NPA classification is concerned
Banks have to pay up, despite win on liquidity rule
Basel is giving banks an extra 4 years to comply with the rule by 2019 and include a wider range of risky assets in the buffer
Gold loan firms to roll out CBS for uniform operations
At present, branch managers of the gold loan firms have discretionary powers to decide on loans
NBFC body opposes stricter RBI norms
Asks for changes in provisioning proposals
Fitch retains negative outlook on India
Says steps taken not enough in the face of growth, inflation & deficit concerns
Banks look for lower lock-in period for tax-saving fixed deposits
The plea to the finance minister is to set a level playing field for banks and deposit taking institutions, and extend this benefit to develop financial institutions
Re to weaken in the near-term on euro, subdued foreign flows
Currency appreciates against the dollar on the back of custodian flows from foreign banks