Page 3146 - Finance News
HDFC Bank mops up Rs 1,405 cr from bonds
he bonds in the nature of debentures where issued on a private placement basis
Rising losses from bank frauds is matter of worry: RBI
Says banks in India may be underestimating the capital requirement for operational risks like loss from frauds
Panel set up to plug regulatory gaps in shadow banking sector
Also raised concern about regulatory gaps in case of entities operating collective invt schemes like chit-funds
Above normal return from gold not sustainable in long term: RBI
Household savings finding its way to gold is a cause of concern
Union Bank raises Rs 800 cr through tier-II bonds
The 10-year bonds have fixed coupon rate of 8.90% per annum payable annually
RBI postpones Basel-III rollout to April 1
Gives banks more time on tier-1 capital says it's noting implementation progress elsewhere
Insurance cos not to insist on written confirmation for address proof
customers can show copies of current passbook with details of residence updated till previous month or current statement of bank account with address details
Fiscal cliff deal to keep markets on the edge
It may push the US into recession and spark an outflow of money from emerging markets, including India
HDFC Bank cuts lending rates by 0.1%
The base rate of HDFC Bank will become 9.7% from the existing 9.8%
RBI extends Basel III implementation time by 3 months
However, the central bank did not provide reasons behind the rescheduling
HDFC Bank held guilty of unfair trade practice
Bank told to pay customer Rs 15,000 for sending erroneous credit card bills
RBI to take a new supervisory role on pricing: Chakrabarty
He also said that those seeking new banking licences shouldn't aim for too much profit
Go beyond lip service when it comes to financial inclusion: RBI to banks
Under the financial inclusion initiative, 15 crore accounts were opened, but only three crore transactions have taken place