Industry News

State Bank of India, the country's largest lender, on fixed deposit in the 3- to 10- year maturity basket, effective from 1 September 2016.. This means for every Rs100 that you deposit with the bank, you will earn Rs7 annually, pre-tax, if applicable. The slide in FD rates from the largest lender is an indicator that the deposit rates may fall further in the banking sector."/>
7 percent: the interest rate on State Bank of India fixed deposits [Mint, New Delhi]
Hero MotoCorp Ltd, said on Thursday that it had raised Rs1, 000 crore, as it seeks to expand its loan book more than four-fold by 2020.. The non-banking financial company raised Rs570 crore from firm ChrysCapital Advisors Llp; Rs132 crore from Credit Suisse Group AG; and Rs300 crore from Hero Group. Hero FinCorp, in which Hero MotoCorp has a 40.3% stake with the rest owned by its promoters, is targeting expanding its loan book to..."/>
Hero FinCorp raises Rs1,000 crore from ChrysCapital, others [Mint, New Delhi]
Statoil ASA: Notifiable trading
Hero MotoCorp Ltd three years ago, said on Thursday that it has raised Rs1000 crore as it aims for a Rs35, 000 crore loanbook by 2020.. Its current loanbook is Rs8000 crore. The firm raised Rs570 crore from private equity firm ChrysCapital; Rs132 crore from Credit Suisse; and Rs300 crore from the Hero Group."/>
Hero FinCorp raises Rs1,000 crore to expand and diversify business [Mint, New Delhi]
State Bank of India, the country's largest lender, on fixed deposit in the 3- to 10- year maturity basket, effective from 1 September 2016.. This means for every Rs100 that you deposit with the bank, you will earn Rs7 annually, pre-tax, if applicable. The slide in FD rates from the largest lender is an indicator that the deposit rates may fall further in the banking sector."/>
7%: the interest rate on State Bank of India fixed deposits [Mint, New Delhi]
Bharat Bill: pay bills anytime, anywhere [Mint, New Delhi]
Yes Bank's aborted $1 billion qualified institutional placement, said five people familiar with the matter, including officials of the capital markets regulator. Sebi is also looking into the possibility of entities trading the stock on the basis of insider information, the people said on condition of anonymity. The Economic Times first reported this on..."/>
Yes Bank's aborted QIP under Sebi scanner [Mint, New Delhi]
Reliance Communications Ltd's wireless business and Aircel Ltd will improve the combined entity's competitive position in the world's second largest telecom market by users. A subscriber base that generates low average revenue per user of Rs100, slow growth rate and weak operations along with the fact that the entity will have to establish a new brand and will carry a huge debt burden are the challenges..."/>
Most analysts bearish on RCom-Aircel merger [Mint, New Delhi]
Use the market dip to buy quality [Mint, New Delhi]
State Bank of India has cut deposit rates by up to 25 basis points in some maturities, even as credit growth remains sluggish. Typically, deposit rate cuts precede a cut in lending rates. Banks calculate their lending rate based on their marginal cost of funding."/>
SBI deposit rates cut by up to 25 bps [Mint, New Delhi]
Hero MotoCorp Ltd, said on Thursday that it had raised Rs1, 000 crore, as it seeks to expand its loan book more than four-fold by 2020.. The non-banking financial company raised Rs570 crore from firm ChrysCapital Advisors Llp; Rs132 crore from Credit Suisse Group AG; and Rs300 crore from Hero Group. Hero FinCorp, in which Hero MotoCorp has a 40.3% stake with the rest owned by its promoters, is targeting expanding its loan book to..."/>
Hero FinCorp raises Rs1,000 from ChrysCapital, others [Mint, New Delhi]
Top Workplaces 2016: Connecting Is Key [The Hartford Courant]
Barclays, an investigation shows. Andrew Tinney, former head of Barclays Wealth, is accused of hiding a' highly critical' dossier after it was delivered to his pounds sterling 5 m mansion. The Financial Conduct Authority is now seeking to have the 51- year-old banned from senior roles."/>
Barclays boss hid report exposing greed culture [Daily Mail, London]
The dastardly Mr. Deeds [Daily Mail, London]
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Patrick Industries, a supplier of components for the recreational vehicle and manufactured housing industries, has been named the 2016 Indiana Public Company of the Year. The Elkhart-based publicly traded company was recognized at an awards banquet Thursday during the INVESTIndiana Equity Conference at the Indianapolis Marriott Downtown. A pair of other Elkhart RV companies were also recognized."/>
Patrick Industries named Indiana public company of the year [South Bend Tribune, Ind.]
BARCLAYS analysts sent EasyJet shares lower with an update on the airline sector. In a note, the broker said the industry had faced the most challenges since the last recession. Barclays said a lower oil price boosted fuel savings, but cautious travellers made demand uncertain."/>
EasyJet drops over fears travel market may falter [Daily Mail, London]
Northwest Bancshares defended the bank's transition of 18 First Niagara branches to Northwest over the weekend, calling it a "tremendous success." "It went as well as it possibly could have," William J. Wagner said during a visit to Buffalo on Thursday. "There are challenges, as always, when you do something, especially of that magnitude," Wagner said. ""/>
Northwest defends transition of First Niagara branches [The Buffalo News, N.Y.]

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