Finance News - Page 15

HDFC Bank, Punj Lloyd among 26 FDI proposals to be considered on 1 Oct

The other proposals before the FIPB include Holcim (India) Pvt Ltd, O-zone Networks Pvt Ltd and Turner General Entertainment Networks.<br />

FIIs pump in over Rs 20,000 crore in Sept on Modi govt's reform agenda

Since the beginning of the year, foreign investors have made a net investment of over Rs 2 lakh crore ($33 billion) into the country's securities market.

Rating outlook upgrade to soften lenders' cost of funds: Indian Banks Assoc

The upgrade in the outlook comes at a time when banks in the country are looking at raising money from abroad, especially for the new instrument of tier-I bonds under the Basel-III capital framework

Indian exchanges can help raise $100-150 bn capital annually: BSE chief

Chauhan said stock exchanges can be important in helping "India create 1-1.5 trillion dollars investments into productive sectors and help create jobs"

SC's verdict on coal blocks: The real loser is the taxpayer, not the crony capitalist

As in the case of any scams that involves huge losses to the exchequer, the real loser is the taxpayer, the common man.

SC cancels coal block allocations: With Rs 1 lakh cr exposure banks sitting on a mine of worries

Almost all banks including country's largest lender State Bank of India and private sector ICICI Bank have lent to power plants that were put up based on coal from 214 coal blocks alloted since 1993.<br />

State Bank of India approves 10-for-one stock split

Ahead of the announcement, SBI shares closed 2.7 percent down at 2,486.35 rupees, underperforming a 0.2 percent fall in the Nifty.<br />

Decoder: How SC deallocating 214 coal blocks could punch a hole in India's economy

The implications range from the likely pressure on bank loans , the fate of the investments already gone into about 35 projects that have production, the tremors in the stock markets

Not just training: What RBI, public banks need to do to curb bribery, employee attrition

Officials at our public sector banks are no less competent than their counterparts in private or foreign banks. The key differences relate to pay and accountability.

IFC in talks with Indian regulators to sell $2 bn in offshore rupee bonds

The IFC launched a maiden, $1-billion, offshore, rupee-linked bond programme last year to raise money for private infrastructure projects in India.

What Moody's warning really means: Govt needs to privatise public banks, now

Moody's has flagged the fact that India's state-run banks barely manage to meet the minimum capital requirements. And here's what the government needs to do to solve the problem.

No Aadhaar card? No problem: Open Jan Dhan accounts by submitting 2 photos

The existing account holder need not open another bank account to avail of benefits under Pradhan Mantri Jan Dhan Yojana

Learn from Apple, Google: Why banks need to wake up to mobile banking

Banks that embrace mobile technology are well positioned to tap into the new market of the unbanked and underbanked.

NSE chief woos Chinese financial institutions to invest in Indian stocks

Chitra Ramkrishna, the MD and CEO of the National Stock Exchange (NSE) is in China seeking investors to invest in Indian stocks.

Saradha scam: CBI arrests two stock brokers

CBI today arrested two stock brokers for allegedly being involved in misappropriation of funds of scam-hit Artha Tatwa (AT) group

Jan Dhan or hawala dhan? Modi should heed RBI's warnings on his pet scheme

The central bank's concern makes sense in a country that has been desperately fighting to bring back black money stashed in tax havens abroad.

Forget cuts, IMF says RBI needs to further raise interest rates to bring down inflation

IMF said India needs to take more steps to reduce stubbornly high inflation and the large fiscal deficit.

Get this: SBI controls half of India's mobile banking transactions with 1.15 cr users

SBI expects the user base to grow and reach around 10-12 percent of the total retail customer base within two years and up to 35 percent within three-to-five years.<br />

Noose tightens: After Mallya, Mumbai's Tayal Group slapped with wilful defaulter notice

Tayal group companies are currently being restructured under the corporate debt restructuring mechanism

Rajan's warning to govt: Stay away from PSU banks or you will destroy them

The government cannot be in the business of banking, and should, instead focus on only governance

Kingfisher fallout: Sebi hints at guidelines to check wilful defaulters

United Bank of India had declared Kingfisher Airlines, its promoter Vijay Mallya and three other directors as wilful defaulter citing alleged diversion of funds.

As troubled assets swell, sarkari bankers pin hopes on Modi magic to do wonders

The fate of large quantum of loans now heavily depend on how soon the economy recovers from the ills of a prolonged slowdown

WPI inflation falling to 5-year low of 3.74% doesn't mean much; CPI is key

India's wholesale price inflation (WPI) for the month of August fell to 3.74 percent, its lowest level in nearly five years.<br />

Loan scams: RBI chief Rajan warns banks on outsourcing key internal jobs

Banks are the main source of funding for infrastructure projects and that will increase as the economy regains its lost momentum, Rajan said.<br />

Sebi issues clarifications on mutual fund exposures to bond futures

Each fund scheme will have to separately comply with client level restrictions on the instrument, the Securities and Exchange Board of India (SEBI) said.<br />

India Inc's Aug foreign borrowings up over two-fold at $5.07 bn

Indian companies had raised $2.31 billion from the foreign markets in the corresponding month a year ago in 2013.<br />

Govt should consider state-run banks independent entities, says RBI Gov Rajan

He also said that while it was fine for the government to involve banks to further the social sector agenda, it should ensure that such schemes should be financially feasible for the lenders.<br />

Bad loans crisis: How Vinod Rai proves Raghuram Rajan wrong

Rai's warning must be taken with the much needed importance by the regulator, so as to begin a corrective course

Ponzi menace: Sebi wants states to set up 'early warning systems'

Sebi Chairman U K Sinha said the state governments have immense powers, if utilised well, to bring to book ponzi entities.

FinMin seeks Cabinet nod to reduce stake in PSU banks to upto 52%

In 2010, the then Cabinet had approved a proposal to keep the minimum shareholding of government to 58 per cent in the public sector banks in order to provide buffer for the future.<br />