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SBI suggests RBI as single regulator for all home loans
May 18, 2013 at 16:52 | Source: PTI
The State Bank of India is of the view that Reserve Bank of India should be the regulator for all home loans sanctioned by banks and housing finance companies. A single regulator would help remove the regulatory arbitrage that existed between banks and HFCs.
Issuance volume for securitisation drops 20% in FY13: ICRA
May 17, 2013 at 15:37 | Source: PTI
Helped by a reclassification of priority sector lending guidelines wherein wherein bank finance to non-bank lenders no longer qualifies as PSL, banks were the most active ones in the securitisation market to meet targets as eligible loan receivables are classified as PSL, ICRA said.
ABN AMRO cuts 400 jobs as prepares for eventual sale
May 17, 2013 at 13:00 | Source: Reuters
The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts are part of a reorganisation of its commercial and merchant banking division and will mostly be through natural attrition and reallocation.
Ventura Textiles outcome of board meeting
May 17, 2013 at 12:30 | Source: Moneycontrol.com
JM Financial Asset Reconstruction Company (JMARC) has acquired the outstanding loans of the Company along with further interest / penal interest / liquidated damages etc., from SBI. At the request of the Company, JMARC has restructured the entire outstanding dues at Rs. 9.10 Crores subject to Company meeting all the terms of Restructuring.
Banks' deposits, loans up marginally: RBI
May 17, 2013 at 10:55 | Source: Reuters
As of May 3, deposits stood at Rs 68.84 trillion, while advances were at Rs 53.41 trillion.
ICICI Bank brings in Canadian $75m capital from Canada arm
May 16, 2013 at 21:15 | Source: Moneycontrol.com
ICICI Bank repatriated around Rs 400 crore capital from its wholly owned subsidiary in Canada. The bank can now use the same fund to expand its loans in India. However, it may be a marginal capital addition only.

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News across the web »
‘No need for unified regulator for housing finance companies’
Kolkata, May 19: There was no regulatory arbitrage between banks and housing finance companies (HFCs), according to R.V. Verma, Chairman and Managing Director of National Housing Bank (NHB). Speaking...
May 20, 2013 at 00:01 | Source: The Hindu BusinessLine
Canarabazaar to be inaugurated on Monday
Visakhapatnam, May 19: Canarabazaar - exhibition and sale of products by women entrepreneurs helped by Canara Bank - is being organised here on Monday and Tuesday and it will be inaugurated on Monday...
May 19, 2013 at 22:25 | Source: The Hindu BusinessLine
Quit calling us ‘women entrepreneurs’
“Women power can change the future of the country”, declared Gujarat’s Chief Minister when he addressed women entrepreneurs in early April. Narendra Modi, of course, enjoyed a full ...
May 19, 2013 at 21:22 | Source: The Hindu BusinessLine
LIC Housing to float new entity for its business in North-East
Mumbai, May 19: LIC Housing Finance is planning to float a separate arm for undertaking home loans business in the North-Eastern part of the country. The second largest standalone housing finance com...
May 19, 2013 at 21:22 | Source: The Hindu BusinessLine
Rating lessons
The Government may publicly fret about Standard Poor’s (S P) not upgrading the country’s sovereign credit rating from ‘lowest investment grade’, but the truth is that it never...
May 19, 2013 at 21:22 | Source: The Hindu BusinessLine
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