New bank licences: Waiting for Godot
Finance minister P. Chidambaram has kept his word. He has pushed through an amendment to banking laws in Parliament to strengthen regulatory powers of the Reserve Bank of India (RBI)…
Central Bank gains 3% on approval for preferential issue
Public sector lender Central Bank of India gained as much as 2.7 percent to touch an intraday high of Rs 83.85 recently after the board's approval for preferential issue.
State Bank of Bikaner & Japiur trims bulk deposits to 10%
State Bank of Bikaner & Japiur (SBBJ), which is offering up to 0.25 per cent discount to online loan applications, has said it has become the first public sector lender…
Union Bank to raise up to Rs 1,500 cr through Tier I, II capital bonds
Union Bank of India will be raising up to Rs 1,500 crore through Tier I and Tier II bonds in the current financial year. The Public Sector Bank announced this in…
PSU banks, infra stocks to gain most once RBI cuts rates
Defensive sectors like FMCG and pharmaceuticals were in the limelight in 2012, with several stocks in these sectors moving up sharply. The FMCG Index was up 47% and the BSE…
RBI buys Rs 7,912 cr of G-Secs
As part of its programme to infuse liquidity, the Reserve Bank of India bought Rs 7,912 crore of government securities through open market operations (OMOs) against a target of Rs…
RBI-Finance Ministry panel likely on new bank licences: Sources
With the Parliament having approved the Banking Laws Amendment Bill 2011, the work on issuing new bank licenses is expected to pick up pace with the formation of a RBI…
Edelweiss to get investor for mortgage unit
Edelweiss Financial Services (EFS) is likely to bring a strategic minority stake (26%) investor into its subsidiary Edelweiss Housing Finance (EHF) after a year. The investor could be an overseas player…
Employees of four banks unions go on strike
A section of public sector bank employees have gone on nation-wide strike to protest the Banking Laws (Amendment) Bill, partially affecting normal banking operations in some banks. Employees of four…
State Bank of India may test Rs 2475, says Manghnani
State Bank of India (SBI) may test Rs 2475 and JP Associates has trading target of Rs 115, says Anil Manghnani, Modern Shares & Stock Brokers.