Finance / Insurance (10 unread)
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RBI bans Manappuram Finance, Manappuram Agro Farms from taking public deposits
Posted: February 6th, 2012, 4:09pm EST
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RBI has banned Manappuram's and an unlisted group company from taking public deposits as it is a violation of rules governing its licence. -
Manappuram Finance can't accept deposits: RBI
Posted: February 6th, 2012, 9:09am EST
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Manappuram Finance Ltd , which provides loans using gold as collateral, is not allowed to accept or renew deposits from the public, the Reserve Bank of India said. -
Power Finance Corporation to raise Rs 40,000 crore in 2012-13
Posted: February 6th, 2012, 8:23am EST
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State-run lender Power Finance Corporation aims to raise Rs 40,000 crore in 2012-13 and is scouting for a partner for its subsidiary PFC Consulting's global foray. -
SKS Microfinance securitises Rs 243 cr of receivables
Posted: February 6th, 2012, 6:06am EST
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The news gave a fillip to the stock of SKS and pushed it up nearly 10 per cent to the upper circuit at Rs 98.20 on Bombay Stock exchange today. -
Halcyon Finance buys superspecialty hospital rights for Rs 375 cr
Posted: February 5th, 2012, 5:36pm EST
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Abhay Soi-led Halcyon Finance and Capital Advisors bought the rights through its healthcare arm, Radiant Life Care Pvt Ltd, for 30 years, it said in a release. -
Investment bankers use the downturn to prepare next big move; unwind with families
Posted: February 5th, 2012, 2:06pm EST
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In Mumbai, there are at least a dozen top i-bankers who have moved out of high-profile roles over the past few months & are waiting for the right calling.
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Finance companies rush to raise money from the bond market
Posted: February 3rd, 2012, 11:28am EST
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Companies like IDFC, Sidbi, Nabard and National Housing Bank (NHB) tapped the private placement market to raise short to medium term bonds. -
RBI may consider paring 40% priority sector target for commercial banks
Posted: February 2nd, 2012, 6:14pm EST
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RBI may consider paring the 40% priority sector target for commercial banks. However, banks may have to lend more to the micro, SMEs and weaker sections. -
2G case: SBI has Rs 4,500 crore exposure in telecos hit by SC ruling, Santosh Nair
Posted: February 2nd, 2012, 8:23am EST
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Country's largest lender State Bank of India (SBI) today said it has an exposure of Rs 4,500 crore in the telecom companies whose licences have been cancelled by the Supreme Court in connection with 2 G scam. -
Query corner: Banking and finance
Posted: February 1st, 2012, 7:08pm EST
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Govt approved a scheme to provide full interest subsidy during the period of moratorium on loans taken by students whose parents' income does not exceed Rs 4.5 lac.