Page 3127 - Finance News
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
Rupee up 4 paise at 54.94/dollar
Increased selling of the US currency by exporters and banks amid sustained foreign capital inflows helps rupee
Grameen Koota looks to raise $10 mn via equity route
Raises funds through NCDs from a fund managed by Deutsche Bank, gets rollover for another $7 mn
Yes Bank launches online remittance platform
Bank will not charge any transaction charges for remittances
Indusind Bank Q3 net jumps 30% to Rs 267 cr
Total income also rose 30% to Rs 2,156 cr
RBI to mull slashing held-to-maturity limit for banks
Currently set at 25%, traditionally has been aligned with banks' SLR ratio
Shriram Group to raise $200 mn for non-financial sector biz
A mandate had been announced for a boutique advisory firm to raise the amount