Page 949 - Finance News

Inflation to soften on good rains, economic revival visible: MPC

The outlook for economic expansion also seemed to be better with signs of revival

Who said what: Full text of of RBI's maiden monetary policy committee meet

The minutes of RBI's maiden monetary policy committee meeting showed concerns over economic growth

PNB Housing Finance and Varun Beverages join Indian IPO boom

Indian companies have raised $2.9 billion through IPOs in the first nine months of this year

Draft bill on resolution of financial firms credit positive: Moody's

Moody's says that having a comprehensive framework in place for stressed financial firms is an important step

BlackSoil Realty Fund exits from Mumbai-based Sheth Developers

Sheth Developers had received an investment of Rs 30 crore from the fund in Aug 2014

Lakshmi Vilas Bank net profit up 45% at Rs 65 cr

Total income up 19%; sharp rise in NPA due to slippage, bill discounting fraud

Is it time to book profit in NBFC stocks?

Even as Q2 earnings appear promising, experts believe high valuations post the recent rally limits the risk-reward for NBFC stocks

Only 15% population in metro aware of credit scores: Suvery

According to the survey, only 11% of the polled people have ever obtained their credit reports from any credit bureau

NPA not an issue, rate cuts to fetch Rs 2.5 trillion gains: K V Kamath

He said that it will help the system tide over troubles and also ease pressure on growth capital

Refer all high-value NPA resolution cases to overseeing committee: Finance Ministry to PSBs

The OC has been created to ensure that the entire exercise of NPA resolution is carried out in a transparent and prudent manner

Bank of Baroda to raise up to Rs 2,000 cr via bonds

On Friday, another state-owned lender Canara Bank informed stock exchanges that it will raise up to Rs 2,500 crore

Fino Paytech eyes payment bank launch by Q4 of FY17

Payment bank licensee is awaiting RBI approval of its tie-up with Bharat Petroleum Corp, which has 21% stake in Fino Paytech

SBI to sell upto 5% in SBI Life to non-promoter entity

Expects to conclude deal in FY17

HDFC raises Rs 500 cr through 4th issue of masala bonds

The corporation has raised a total of Rs 5,000 cr through issuance of rupee-denominated bonds in four tranches

Banks refute BBB Chairman's claims on bad loan clean-up

Vinod Rai says banks not doing enough to clean up the NPA mess

Standard Chartered to grow commercial banking biz by 10%

India remains a key market for Standard Chartered Bank, says Sanjeev Paul

Interest earned by Indians on bank deposits at record low

Interest rates on a normal savings account have remained constant under the NDA government at 4 per cent

New Development Bank plans rupee, rouble bonds

NDB, more popularly known as the BRICS Bank, had earlier issued its first bonds to raise funds internationally for clean energy projects in member states

RBI sets rupee reference rate at 66.8473 against US dollar

Corresponding rates were 66.5856 and 74.4027 on Oct 10

Asset backed retail loans' quality to improve in 2 years: Moody's

Banks' retail loans have in fact seen their performance improve over the past five years