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State Bank of India raises $1.28bn via share sale MUMBAI: State Bank of India Ltd, the country's largest lender, said it has raised 80.32 billion rupees ($1.28 billion) through a sale of shares to institutional investors to boost its capital requirements.The proceeds from the share sale will increase the overall capital adequacy ratio of the state-run bank to 12.81 percent and tier one capital adequacy ratio to over 9.67 percent, SBI said in a statement late on Thursday.SBI launched the share offering on Tuesday in the indicative price band of 1,565-1,596 rupees a share to raise as much as $1.5 billion.The bank sold 51.3 million shares in the offering at the lower end of the range.Copyright Reuters, 2014 ...

Bank of Cyprus releases $1.3bn of bail-in deposits to clients NICOSIA: Cypriot lender Bank of Cyprus will release 950 million euros ($1.3 billion) in time deposits frozen under a recapitalisation arrangement last year which bailed-in its own depositors, it said on Thursday. It is the first major release of funds since the Cypriot bank seized 47.5 percent of uninsured deposits exceeding 100,000 euros and converted them into equity, giving its clients, including many wealthy Russians, a stake in the bank. Part of the remaining amounts ...
Turkish finance minister says no capital movement restrictions ANKARA: Turkish Finance Minister Mehmet Simsek said on Thursday that the government will not introduce any restrictions on capital movements, adding Turkey would seek to improve the investment environment and continue reforms. Turkey did not plan to change its floating exchange rate system, he said. Speaking to reporters a day after Prime Minister Tayyip Erdogan referred to a possible "out of the ordinary" economic package, Simsek said it was too early to start discussing tax ...
Russian central bank pledges to defend rouble against slide MOSCOW: Russia's central bank pledged on Thursday to launch unlimited foreign exchange interventions if the rouble's exchange rate strays outside its target corridor, a response to the worldwide emerging market selloff. In a statement, the central bank said interventions would be "unlimited in volumes until the point when the value of the dual currency basket returns to the operational range". The bank runs a "dirty" float in which it conducts currency interventions when the rouble ...
Romanian central bank intervenes indirectly to bolster leu BUCHAREST: Romania's central bank indirectly sold euros in the foreign exchange market on Thursday to rein in a slide in the leu , dealers said, its first such move in 2014 amid a rout of emerging market currencies. The midday intervention helped the local currency buck a fall across the board among regional peers, firming to about 4.51 per euro, 0.4 percent up on the day. "The leu's some 0.2-0.3 percent up after the moves. ...
Turkish rate boost to lira fizzles out ANKARA: Crisis action by the Turkish central bank doubling its key interest rate gave only brief relief to the lira which fell back as emerging markets faced a US monetary policy decision on Wednesday.The Turkish decision was closely watched in emerging markets where the South African central bank followed with a half-point rise in its key rate.The Turkish bank defied political pressure to double its key interest rate to 10.0 percent to attract funds and ...
Deutsche Bank says plans unchanged payout to shareholders FRANKFURT: Deutsche Bank, Germany's largest lender, said on Wednesday it will propose paying an unchanged dividend of 0.75 euros ($1.03) to shareholders for its 2013 business year. "The executive board has decided to propose to the supervisory board a dividend of 0.75 euros, which corresponds to the previous year's level," chief financial officer Stefan Krause told Deutsche Bank's annual earnings news conference.Last year, the group chalked up net profit of 1.08 billion euros, compared with ...


Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln