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Srei Infra Finance to raise upto <span class='WebRupee'>Rs.</span> 1000crore, NCD opens tomorrow
Tue, Jun 30 2015. 09 53 PM

Srei Infra Finance to raise upto Rs. 1000crore, NCD opens tomorrow

The company plans to come out with a public issue of secured, redeemable NCDs of face value of Rs.1,000 each
SBI considering two cases for conversion of debt to equity: Arundhati Bhattacharya
Tue, Jun 30 2015. 09 49 PM

SBI considering two cases for conversion of debt to equity: Arundhati Bhattacharya

Bhattacharya says the banks are fully within their rights to consider converting loans to equity not just in new cases but also in existing cases
Moody’s downgrades Bank of India, Canara Bank
Tue, Jun 30 2015. 08 37 PM

Moody’s downgrades Bank of India, Canara Bank

Moody’s said that Canara’s BCA could be upgraded if there are substantial improvements in the bank’s asset quality metrics
Citibank reduces base rate by 15 bps to 9.35%
Tue, Jun 30 2015. 05 10 PM

Citibank reduces base rate by 15 bps to 9.35%

The cut was ‘driven by falling interest rates reflected in lower deposit costs,’the bank said in an statement
Alibaba Group in talks to buy stake in India’s Paytm: report
Tue, Jun 30 2015. 02 37 PM

Alibaba Group in talks to buy stake in India’s Paytm: report

The new deal would see Alibaba directly invest around $600 mn for a share in Paytm that could take the group’s total holding to around 40%
Govt said to consider merging Bharatiya Mahila Bank with SBI
Tue, Jun 30 2015. 02 20 PM

Govt said to consider merging Bharatiya Mahila Bank with SBI

Maintaining BMB as a standalone entity would have required large amount capital infusion by the govt, the people said
Greek crisis not to impact ICICI Bank: Chanda Kochhar
Tue, Jun 30 2015. 10 54 AM

Greek crisis not to impact ICICI Bank: Chanda Kochhar

Greek debt crisis won’t impact ICICI as the bank has no exposure in Europe
LIC eyes Rs31,000 crore in first-year premiums
Tue, Jun 30 2015. 09 06 AM

LIC eyes Rs31,000 crore in first-year premiums

LIC chairman S.K. Roy says the corporation will introduce five-seven new insurance products during the fiscal year
Credit growth at tepid 3.7% in first 9 months of FY15: RBI
Mon, Jun 29 2015. 09 49 PM

Credit growth at tepid 3.7% in first 9 months of FY15: RBI

The number of borrowal accounts increased by 3.7% to 12.2 crore in December 2014 from 11.7 crore in March 2014
Moodys affirms deposit ratings for five Indian banks
Mon, Jun 29 2015. 09 28 PM

Moodys affirms deposit ratings for five Indian banks

The ratings agency also affirms credit risk assessments for 12
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