Page 3154 - Finance News
Loan loss cover for govt banks declines amid rising NPAs
Private sector banks maintain healthy provisioning
Rupee 12 paise down to 55 against dollar
Forex dealers attributed decline for fourth trading day in a row to weakness in local equities amid fresh capital outflows
Australia's Westpac opens its first branch in Mumbai
Bank to offer range of wholesale & retail banking services through facility in Mumbai
Govt to infuse capital into state-run banks: FM
Says PSU banks have suffered deterioration of NPAs and write-offs
Govt to infuse capital into PSU banks: FM
Combined injection of capital will not exceed the Rs 15,000 crore provisioned in the budget
Commercial banks falter in advancing crop loans
Punjab & Sind bank, State Bank of Mysore, State Bank of Travancore and ING Vysya bank have failed to open their accounts
Karnataka Bank cuts lending rate by 0.25%
The Bank's base rate now stands reduced to 10.75% from the earlier 11%
Credit growth 16.21% in line with RBI's revised projection of 16%
Deposit growth sluggish at 13.74% below RBIs projection of 15%
Banks need not report attempted frauds of above Rs 1 cr to RBI
However, the banks should continue to place the individual cases involving Rs 1 crore and above
Lower deposit rate and pass the benefit to borrowers: FM to banks
Chidambaram also asks these not to rush for bulk deposits to bloat balance sheets
70% loss cover would have wiped out PSBs' profits
Provision coverage ratio is the ratio of provision to gross non-performing assets
October inflation beyond comfort zone, says RBI
The gross NPAs of some public sector banks had crossed four per cent of their total assets at the end of September
Rupee tumbles 26 paise to 54.96/dollar
Increased demand for dollar from importers, weakening of Asian currencies in overseas markets put pressure on rupee
Cooperatives are model for inclusive growth: D Subbarao
Weak finances, growing NPAs, poor resourse base factors contributing to declining performance of cooperatives at bottom level
No new banking licences without legal backing: Subbarao
Yesterday, Chidambaram had said he had asked RBI to finalise the guidelines for new bank licences
'Casino banking' can put us in danger: Subbarao
Recent financial crisis underscored the dangers of over-financialisation of the real economy