Spot Re sheds 7 paise

Business Standard

There does not appear to be any imminent cause for worry on account of large foreign exchange reserves


R Ravimohan: Far excess forex reserves?

Re ends higher at 44.24/$

ICICI Bank has posted fairly good numbers for the December quarter. While net interest income at Rs 1,166 crore was up a smart 60 per cent y-o-y, other income too chipped in with a growth of 32 per

ICICI Bank: Bitter sweet

LIQUIDITY Dealers hope RBI to step in

All eyes on govt spending

Rupee fells to 44.21/$

Re rose up to 44.18/$

Re notched up to 44.15/$

Re ends higher at 44.12/$

The rupee recovered from initial losses but was still quoting lower by three paise at 54.75 in late morning deals on mild dollar demand from banks and importers on the back of firm global cues.

Rupee down 3 paise at 54.75/dollar in late morning deals

Press Trust of India

Tracking upward movement in local stocks, the rupee on Wednesday bounced back by 20 paise, its biggest gain in a week, to close at 54.72 amid fresh dollar selling by exporters and some custodian banks.Sustained foreign funds inflows of Rs 500 crore in stocks also helped the rupee recovery while the late recovery in the dollar abroad later put some pressure on the rupee, a forex dealer said. At the Interbank Foreign Exchange market on Wednesday, the rupee started on a firm note at 54.74 a dollar from the previous close of 54.92.Bonds remains upGovernment securities (G-sec) remained up due to consistent demand from banks and companies. The 8.15 per cent G-sec maturing in 2022 rose to Rs 101.86 from Rs 101.79 yesterday, while its yield edged down to 7.86 per cent from 7.87 per cent. The 8.20 per cent G-sec maturing in 2025 shot up to Rs 101.96 from Rs 101.85, while its yield inched down by 7.95 per cent from 7.96 per cent.Call rates ends higherCall money rates also finished higher at the

Re logs best gain in a week on dollar sale

Agencies

Private sector lender Axis Bank has launched the 'We Lead: Axis BankISB Women Leadership Programme' at Indian School of Business (ISB) to build a diversified leadership talent pipeline. With the programme, Axis Bank aims at recruiting the students pursuing the post-graduate programme at ISB who are interested in building a career in the banking sector. In the first year of the programme, 12 women students have been selected for different roles at Axis Bank, and they will join after successful completion of their course.Rajesh Dahiya, president, human resources, Axis Bank, said: "The bank has several exciting and challenging roles on offer across departments, with huge scope for learning and growth. We believe in the unique value women can add to the existing roles available in the bank."The programme includes intensive in-house training with faculty from Axis Bank and ISB. The training gives students an overview of the Indian banking industry with focus on current and future trends and

Axis Bank launches women leadership programme

BS Reporter

The Reserve Bank of India (RBI), in the mid-quarter review of its monetary policy today, kept key rates unchanged, disappointing industry and the government, but said it was shifting its focus towards boosting growth, which raised expectations of a rate cut in January.

The wait for a rate cut gets longer

Following the outflow of advance tax from the system, borrowing by banks under the Reserve Bank of India&rsquo;s (RBI) daily liquidity adjustment facility (LAF) rose to the highest level this financial year on Tuesday, to Rs 1,51,770 crore compared with a daily average borrowing of over Rs 1,00,000 crore in the last one month. This level is far above the RBI&rsquo;s comfort zone of +/- 1 per cent of banks&rsquo; Net Demand and Time Liabilities (NDTL).

RBI announces open market operations, but liquidity may remain tight

Reserve Bank of India (RBI) Deputy Governor Subir Gokarn on Tuesday said the downward trend in inflation is giving the central bank some room to shift the focus of its policy to growth. Time and again, RBI has said tackling high inflation remains its focus.

'Inflation fall gives RBI scope to focus on growth'

First, the good news. India&rsquo;s economy does not defy the laws of macroeconomics. With the economy growing below its potential for a year, it is heartening to see that producer pricing power is finally getting squeezed, manifested in the declining momentum of core inflation over the last few months.

Getting our priorities right: Sajjid Chinoy

The mid-quarter monetary policy review comes with no surprises, as the general consensus was RBI would maintain status quo on the repo rate and the CRR.

Review comes with no surprises: Keki M Mistry

Pramit Jhaveri: If we were having this conversation six months ago, the environment in general, was very negative. With the change in the finance minister, which happened 100 days ago, a number of things took place. There were a series of announcements in terms of reforms.

'Getting money is easy. Where do you deploy it?'

The season&rsquo;s festive cheer has had a rub-off effect on banking stocks. Over the last three months, the Bank Nifty is up 13.3 per cent and the share price of the country&rsquo;s largest lender State Bank of India (SBI) has gained over 10 per cent. While most analysts say that the perception of the largest lender, which is a lead indicator for the entire sector, is turning positive, few are willing to stick their necks out and put a &ldquo;buy&rdquo; call on the stock.

State Bank of India: Little away from a turnaround

Bank of India had made rapid strides to replace Punjab National Bank as the country's second largest nationalised bank. Of late the public sector bank seems to be struggling. Its asset quality has come under pressure and it is losing business to peers like Bank of Baroda.

BS People: Vijayalakshmi Iyer

After two tumultuous years, SKS Microfinance, the only microfinance institution (MFI) in the country that is listed on the stock market, is all set to come out of the red. &ldquo;The worst is over. The growth momentum is back,&rdquo; says Chief Financial Officer S Dilli Raj. The company, he says, will break even this quarter and start reporting profits from the next one.

Has SKS moved on from the Andhra crisis?

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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