Page 3191 - Finance News
Kotak sees govt business contributing to 35% growth
Bank plans to increase customer base by a third every year, has targeted 500 branches across country by end of 2013, from 375 at present
RBI issues guidelines on treatment of banks' illiquid assets
The guidance also contains certain additional valuation adjustment to be made to the derivatives portfolio
Reforms may save India from sovereign downgrade
Rating agencies welcome the recent reforms initiated by government
MetLife to pay Rs 190 cr for stake buyback
The move is aimed at maintaining MetLife's 26% stake in the Indian insurance venture
Karnataka Bank drops plans for rights issue
In the stead, the bank will augment the capital by issue of tier-2 bonds
IDBI Bank to raise $500 mn through MTN issue this week
IDBI is looking to issue US dollar denominated bonds this week
Reforms push change in rupee fortunes
HSBC on Monday revised the forecast of the rupee against the dollar to Rs 52 from its earlier forecast of Rs 57 by Dec
Allahabad Bank sees credit demand picking up
The bank expects special schemes on housing and other retail loans to boost the credit growth during the ensuing festive season
Exim Bank in talks with 24 companies
The bank also provides funds for Indian companies under its ¿Line of Credit¿ scheme to enable them to take up projects abroad
Karnataka Bank to issue bonds in third quarter
To augment capital through Tier 2 bonds
Rupee down 27 paise to Rs 54.28/dollar
Besides dollar's gains against euro in overseas mkts, weak opening in stock mkt also put pressure on rupee
Rupee off lows as euro retreats
Euro close to four-month highs against the yen and the dollar
Citi opens 'smart banking' branch in Noida
Unit offers full range of banking services covering general banking, wealth mgt, loans, credit cards, and houses houses exclusive banking sectors for private and commercial banking clients
Banks not passing benefits of rate cut to borrowers: RBI
Deputy Governor K C Chakrabarty asks lenders to undertake reforms & bring down their operation costs
Banks may retreat from Asia swap markets as regulation bites
Under new global regulations, banks must put their trades in commonly traded, over-the-counter derivatives
RBI Governor appears before JPC on 2G scam
Subbarao told panel he disagreed with Finance Ministry note that suggested that Chidambaram could have insisted on auctioning 2G spectrum
Rupee ends flat, prospects bullish in near term
The rupee has rallied 2.6% over the previous two sessions