Page 3169 - Finance News
Education loans hit credit quality of state-run banks
The gross NPA ratio for the education loan segment increased to six per cent in 2011-2012 from two per cent in 2007-08
IMF cuts global growth forecast
Says risks of a slowdown 'alarmingly high' because of policy uncertainty in Europe, US
RBI penalises ICICI Bank, ING Vysya
A penalty of Rs 30 lakh was imposed on ICICI Bank and Rs 55 lakh on ING Vysya Bank for violating KYC directives
Rupee down 16 paise to Rs 52.88/dollar
Weighed down by dollar's gains overseas, the domestic unit declines for fourth day in a row
Irda emphasises on infra investments by insurers
LIC proposal for more than 10% investment not considered
Canara Bank launches loan scheme for consumer durables
Available to salaried, non-salaried individuals up to Rs 1 lakh with repayment period up to 36 months
IIFCL halves interest rates on forex loans for machinery import
Norms relaxed for private companies to secure such loans
Tata AIG appoints Axis Bank as corporate agent
This initiative by Axis Bank is aimed at enhancing insurance cover options
S&P affirms negative outlook on 7 PSU banks
The outlook is based on an anticipation of the banks' weak asset quality performance
Vijaya Bank targets Rs 7,000 cr deposits under V-Vaibhav scheme
Under the scheme, the bank is offering 9.30% rate of interest for deposits of Rs 10,000
Karnataka Bank engages KPMG for business process reengineering
KPMG will provide hand holding support with its dedicated team positioned at the Bank¿s headquarter in Mangalore
RBI relaxes norms for opening subsidiaries by foreign NBFCs
The RBI notification follows government's decision last week in this regard
Corporation Bank begins probe into overdraft to Robert Vadra's firm
According to bankers, an overdraft facility is typically unsecured in nature but is seldom offered to companies that do not have any existing credit line with the bank
Naresh Malhotra plans to replicate Coffee Day success in clinics space
Set to raise $20 mn for expanding his new venture, Modern Family Doctor, via second round of PE funding
Impasse over, PEs throng open-market exits
Exits worth $1 bn have taken place in financial services space in 2012
Investors home in on water management
We believe a global PE firm with a dedicated clean resources fund can bring new ideas, as well as technologies, to Indian firms: Sunil Ghorawat
IndusInd Bank Q2 net profit up 30%
The bank¿s advances increased 30.8%, while its deposits grew 24.5 per cent y-o-y
Credit profile of SBI, Union Bank lowered
S&P cites concerns over their asset quality & high credit cost
IIFCL halves interest rates on foreign currency loans
Project developers can now get loans at Libor plus 200 bps, against the market rate of Libor plus 550 bps
RBI slaps Rs 55 lakh penalty on ING Vysya Bank
Penalty for contravention of directions and instructions issued on KYC norms, others