Page 3148 - Finance News
Rupee trading at 53.79 a dollar
Fresh selling of dollar by banks on hopes of more capital inflows from foreign funds into equity market influenced rupee
RBI modifies definition of sickness for assessing viability of MSEs
MSE sick with borrowal account of enterprise remains NPA for 3 months or more erosion in net worth due to accumulated losses to extent of 50% of net worth
Yes Bank aims to sell 500 kg gold products in FY13
Yes Bank had launched the bullion business in April 2012 its gold products are available in 5, 10, 20 and 50 gram denominations
SBI decides not to cut lending rates
Bank says 75 bps hike in provisioning has closed the room for any lending rate cuts
India lost Rs 6,600 cr to fraud in FY12: E&Y report
Insiders enable 61% of frauds financial services hit the worst
'Liquidity may remain tight despite CRR cut'
According to bankers, this is because the currency demand during the festival season is expected to remain strong
SBI rules out cut in lending rates
Cites steep rise in provisioning for restructured standard assets
Charge waiver swells IDBI's Casa deposits
Casa deposits now are Rs 39,507 cr of the total deposits of Rs 180,087 cr
Q2 review: FM to meet govt bank chiefs on Nov 15
Also on agenda is rising credit flow to MSMEs & farm sector
RBI changes definition of sickness for assessing MSE viability
MSE sick with borrowal account of enterprise remains NPA for 3 months or more erosion in net worth due to accumulated losses to extent of 50% of net worth
Barclays faces $470-mn penalty
London-based bank faces record penalties for rigging energy market trading traders also rapped
Rupee quoted steady at 53.69/dollar
Fails to retain initial gains, banks & exporters preferred to reduce dollar position on back of sustained capital inflows from foreign funds
Aggregate debt in CDR cell rises 50% on a y-o-y basis
Iron and steel sector contribute major chunk at almost 24%
ICICI Bank offers 'cashback' on home loan EMIs
Customers to get option of renewable fixed interest rate on entire loan
PNB, Xpress Money launch prepaid remittances card
It enables customers to make payments at merchant terminals as well as withdraw cash from ATMs
PNB to open self service counters in 500 branches by Mar 2013
At the multi-function kiosks one can deposit cash or cheque, print passbook and get cash round the clock
Eight US banks on too-big-to-fail list
28 institutions have been listed by the Financial Stability Board as 'systemically important' banks
Loan recoveries boost Union Bank's net 57%
Recoveries and upgradation were Rs 627 cr during the period compared with Rs 232 cr in the period last year