Finance News 14 july 2016

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Information about Finance News 14 july 2016
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Published on July 14, 2016

Author: rohircrick11

Source: authorstream.com

slide 1: Finance News 14 july 2016 HDFC’s masala bonds subscribed three times so far Housing Development Finance Corporation’s HDFC’s masala bonds’ issue has so far seen two-three times subscription for the coupon rate the mortgage lender is perceived to issue the paper at. Motor insurance to have more touch- points Customers will now find it much easier to buy motor insurance policies or renew their existing ones on the go as the Insurance Regulatory Authority of India Irdai has allowed more touch points and prevented insurers from discriminating between dealers. Limited capital pool to squeeze PSBs’ loan growth warns India Ratings Limited availability of growth capital for public sector banks PSBs could pull down their loan growth to a compound annual rate of nine per cent between 2015-16 and 2018-19 says India Ratings and Research. This would be the minimum needed to generate sufficient spreads for absorbing the expected operating and credit costs over this period it said. And this is likely to be lower at 8.1 per cent over FY16-19 for mid-sized PSBs some would likely see a loan book decline slide 2: Rupee hits 1-month high of 67.05 up 13 paise The rupee on Wednesday recovered by 13 paise to close at one-month high of 67.05 a dollar on fresh selling of the american currency by banks and exporters in view of sustained inflows from foreign funds amidst weakness of dollar in the overseas market. Get Finance news business news on Business Standard media advertising international business banking interest rates the stock market currencies funds.

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