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SBI looks to raise Rs15,000 crore
Wed, Jan 28 2015. 12 27 AM

SBI looks to raise Rs15,000 crore

SBI to raise additional equity capital via a follow on public issue, rights issue, including a possible QIP issue
Union Bank of India Q3 profit drops 13.33% to Rs302.42 crore
Tue, Jan 27 2015. 02 22 PM

Union Bank of India Q3 profit drops 13.33% to Rs302.42 crore

Net interest income increased 8.03% to Rs.2,121.23 crore from Rs.1,963.50 crore a year ago
Banks, unions near deal on wage hikes
Mon, Jan 26 2015. 01 02 AM

Banks, unions near deal on wage hikes

Tenth round of the negotiation process—which happens every five years—is now on; IBA has indicated that it will be closed by mid-February
RBI allows banks to modify external commercial borrowing loan terms
Fri, Jan 23 2015. 07 59 PM

RBI allows banks to modify external commercial borrowing loan terms

Banks have been allowed to modify the draw-down and repayment schedules of ECBs, including change in average maturity period and changes in the all-in-cost
IFC, Singapore’s GIC invest Rs1,600 crore in Bandhan Financial Services
Wed, Jan 21 2015. 10 02 AM

IFC, Singapore’s GIC invest Rs1,600 crore in Bandhan Financial Services

The investment will be for the long term, and will be used to open 600 branches across the country, said Bandhan CEO
FIIs buy more India debt on easing inflation, expected rate cuts
Wed, Jan 21 2015. 08 13 AM

FIIs buy more India debt on easing inflation, expected rate cuts

FIIs have been net buyers of Indian debt on all days in January, except on 8 January when they sold $167.25 million in debt
RBI restricts bank spreads on loans
Mon, Jan 19 2015. 10 29 PM

RBI restricts bank spreads on loans

RBI says banks will have freedom to calculate cost of funds using any methodology in vogue, but it should be ‘reasonable and transparent’
Foreign investors shy away from state-run banks
Tue, Jan 13 2015. 05 57 PM

Foreign investors shy away from state-run banks

Only a few state-owned banks, including the SBI, are seen as potentially good investments
Rupee closes 34 paise stronger at 62.33 per dollar
Sat, Jan 10 2015. 01 20 AM

Rupee closes 34 paise stronger at 62.33 per dollar

Gains in Asian currencies and increased foreign fund inflow help the rupee strengthen against the dollar
RBI allows bullet repayment for gold loans up to Rs2 lakh
Thu, Jan 08 2015. 04 37 PM

RBI allows bullet repayment for gold loans up to Rs2 lakh

The loans with a bullet repayment will have a maximum maturity of 12 months and the loan-to-value ratio should will be 75% of the gold pledged

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