Mottos for Success-262
“The biggest enemy of future success is past success.”
1. So long as the performance of Non-Banking Finance Companies is within the guidelines laid down by the RBI and their capital adequacy and lending operations are in order, no purpose is served by a ceiling on lending by banks to NBFCs. Indeed, this would amount to subverting priority lending, says S.VENKITARAMANAN, former Governor of RBI.
2. SBT has entered the league of medium-scale banks in the country with its total business crossing Rs 50,000 crs.The current fiscal started with a total business of Rs 44,400 crs and the bank had fixed a growth target of Rs 8,750 crs for the year. As at the end of November, the business had grown by Rs 6,800 crs, raising the prospects of the final figure going well beyond the target.
3. Exim Bank of India is studying the healthcare/medical tourism industry to ascertain the funding opportunities in the business and derive a model for lending, according to sources in the bank. As part of the study, which is expected to result in a report on healthcare and medical tourism, the bank has been holding seminars in many cities, to collect the views of various stakeholders in the industry.
4. Germany's Baader Bank will take a 30% stake in Mumbai-based public limited company Parsoli Corporation Ltd, which opened its state-of-the-art trading terminal centre and has organised the First Islamic Investment Conference.
5.Indian Bank plans to hit the capital markets with an initial public offer of 8.6 crs equity shares. The bank intends to list on the exchanges by the end of January. It filed its Draft Red Herring Prospectus with SEBI on December 1. The offer will constitute 20% of the post-issue fully diluted paid up equity capital of the bank.
6. UBI launched its new product called "Union Classic Current Account, the benefits of which can be availed by different segments of customers including traders, government departments, SMEs and IT companies among others.
7. Keeping in mind the normal needs of the customers, particularly the trader community, such as quick fund-transfers, quick collection of outstation cheques, the bank has designed the product, under which the trader can efficiently manage his funds. A customer or trader can open the UCCA in three categories, with any of the over 908 comprehensive banking system or CBS branches.
8. Barclays Plc, UK’s third-largest bank by assets, plans to enter the emerging credit card market in India. It is in talks with LIC to use the latter’s huge database on royalty payment. Barclaycard is the single biggest branded credit card operation in Britain, with 11.2 mn card holders and about £25 bn lent out at any one time.
9. ON NOVEMBER 21, in a landmark order, the SEBI has asked certain well-known financial intermediaries and unscrupulous investors to "disgorge'' the gains they had illegally made in the Initial Public Offer related demat scam that was brought to light in April this year. SEBI, after extensive surveillance and investigations, had held certain well known capital market intermediaries, the two principal depositories, the NSDL & CDSL as well as some leading depository participants including some operated by well known banks, responsible for the acts of certain unscrupulous investors who actually made the illegal gains.
“The biggest enemy of future success is past success.”
1. So long as the performance of Non-Banking Finance Companies is within the guidelines laid down by the RBI and their capital adequacy and lending operations are in order, no purpose is served by a ceiling on lending by banks to NBFCs. Indeed, this would amount to subverting priority lending, says S.VENKITARAMANAN, former Governor of RBI.
2. SBT has entered the league of medium-scale banks in the country with its total business crossing Rs 50,000 crs.The current fiscal started with a total business of Rs 44,400 crs and the bank had fixed a growth target of Rs 8,750 crs for the year. As at the end of November, the business had grown by Rs 6,800 crs, raising the prospects of the final figure going well beyond the target.
3. Exim Bank of India is studying the healthcare/medical tourism industry to ascertain the funding opportunities in the business and derive a model for lending, according to sources in the bank. As part of the study, which is expected to result in a report on healthcare and medical tourism, the bank has been holding seminars in many cities, to collect the views of various stakeholders in the industry.
4. Germany's Baader Bank will take a 30% stake in Mumbai-based public limited company Parsoli Corporation Ltd, which opened its state-of-the-art trading terminal centre and has organised the First Islamic Investment Conference.
5.Indian Bank plans to hit the capital markets with an initial public offer of 8.6 crs equity shares. The bank intends to list on the exchanges by the end of January. It filed its Draft Red Herring Prospectus with SEBI on December 1. The offer will constitute 20% of the post-issue fully diluted paid up equity capital of the bank.
6. UBI launched its new product called "Union Classic Current Account, the benefits of which can be availed by different segments of customers including traders, government departments, SMEs and IT companies among others.
7. Keeping in mind the normal needs of the customers, particularly the trader community, such as quick fund-transfers, quick collection of outstation cheques, the bank has designed the product, under which the trader can efficiently manage his funds. A customer or trader can open the UCCA in three categories, with any of the over 908 comprehensive banking system or CBS branches.
8. Barclays Plc, UK’s third-largest bank by assets, plans to enter the emerging credit card market in India. It is in talks with LIC to use the latter’s huge database on royalty payment. Barclaycard is the single biggest branded credit card operation in Britain, with 11.2 mn card holders and about £25 bn lent out at any one time.
9. ON NOVEMBER 21, in a landmark order, the SEBI has asked certain well-known financial intermediaries and unscrupulous investors to "disgorge'' the gains they had illegally made in the Initial Public Offer related demat scam that was brought to light in April this year. SEBI, after extensive surveillance and investigations, had held certain well known capital market intermediaries, the two principal depositories, the NSDL & CDSL as well as some leading depository participants including some operated by well known banks, responsible for the acts of certain unscrupulous investors who actually made the illegal gains.
