Page 3147 - Finance News
RBI set to get a new dy governor
Gokarn unlikely to get further extension
Rupee gains 2 paise at 54.75/dollar
American currency weakened against other currencies overseas as hopes faded that a deal could be reached to avert the fiscal cliff in the US
IndusInd Bank's margin seen improving on stable yields, lower cost of funds
Bank's margin has been under pressure since Q3FY11
IOB planning to raise funds by rights issue
The funds raised will form a part of the tier-1 capital of the bank
Centre keeps veto over bank boards
Both govt and RBI will have concurrent powers under Companies Act, while former can revoke delegation to RBI in "public interest"
Maha State Coop Bank turns black, proposes to achieve 12% CRAR by FY17
Bank will have to submit its audit report to state legislature after Feb 2013
Small private banks not in a hurry to pare Base Rate
Will prefer to watch the actions of their bigger rivals like SBI and ICICI
SBI launches mobile wallet 'Mobicash Easy'
It will offer services such as balance enquiry, mini statement, funds transfer, mobile top-ups, DTH recharge & bill payment
SBI achieves 100% target of opening accounts for DCT in Maharashtra, Goa
Launches mobile wallet facility for Mumbai, Delhi Customers
RBI to infuse Rs 8,000 cr through OMO on Jan 4
The central bank will auction three government securities with maturities in 2022, 2025 and 2027
Now, PE firms eye diversified microfinance institutions
Digressing from traditional MFIs, PE players look at investing in firms with strong distribution
Chennai Angels lights the path for start-ups
The network isn?t just funding these entities, it?s also helping these scale up
Arun Korati to head IIML Asset Advisors
Korati's initial brief would be to find exits and bring in returns for investments worth about Rs 1,000 crore