While the government has long been talking about the need to create a regulatory framework for the microfinance sector, it is only now that a draft microfinance Bill is ready and is slated to be

Keya Sarkar: A Bill that leaves a lot to be desired

Business Standard

Re ends weaker at 44.29/$

It takes nearly two years to feel the full impact of monetary policy changes on inflation. 


Vidya Mahambare: Actions full of sound and fury...

Re ends stronger at 44.23/$

Public sector banks have seen an improvement in asset quality, with lower gross slippages, during the third quarter. But it is too early to assume asset quality recovery as there is not fundamental improvement in the macroeconomic situation, said a report by Espirito Santos Securities.

Too early to say PSU banks' asset quality has recovered: report

State Bank of India today said it expects to clock a net profit of Rs 14,000-15,000 crore in the current fiscal, backed by strong internal generation and robust demand for loans

SBI raises credit growth guidance to 21% for FY13

BS Reporter

The rupee today appreciated by 11 paise to 54.75 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of the US currency by exporters.

Rupee up 11 paise at 54.75/dollar in early trade

Government securities (G-sec) rose on good buying support from banks and companies. The 8.15 per cent G-sec maturing in 2022 shot up to Rs 101.70 from Rs 101.55 last Friday, while its yield edged down to 7.89 per cent from 7.91 per cent.Call rates end higherCall rates ended higher due to good demand from borrowing banks. The rate finished higher at seven per cent from previous close of 6.50 per cent.

Bonds recover on good demand

Press Trust of India

The rupee hit the lowest level in nearly two months on Monday before closing marginally stronger with exporter and corporate dollar sales aiding the recovery, though sentiment continues to remain bearish in the near term

Rupee hits near two-month low; ends marginally stronger

Reuters

"Future Income Generator" is yet another Ulip that promises a lot, but may not be great for your finances.


Income generator?

For the high-income individuals, equity-linked saving schemes are a good way to save tax.


Investing to save tax

Liquidity: Secure zone The liquidity in the inter-bank money market remained comfortable. However, the call rates remained around 6.5 per cent, above the reverse repo rate, on expected

Banks` $ buying hits Re

Mike DeNoma , group executive director and global head of consumer banking, Standard Chartered Bank, was in India to participate in the fifth Mumbai marathon. In an interview with Anita

`India 2nd most profitable mart`

"So you want to be in charge of monetary policy?" asks the education section of the Federal Reserves Web site. "Think you have what it takes to steer our countrys central bank? See how it works by

Bending it like Bernanke shows error of Fed ways

VA Joseph, chairman and CEO of South Indian Bank, was in Kolkata to inaugurate the regional office catering to the countrys eastern region. In a conversation with Niladri Bhattacharya,

`Business to rise three-fold by 2013`

As most readers know, I have been a staunch supporter of the RBIs modulated management of monetary policy over the last few years. (I was also an admirer of RBIs deft exchange rate management until

Shankar Acharya: RBI should cut rates now!

He is the new face in ICICI Bank's top management team, but an old hat at the bank having worked there for a decade.

`We will evaluate opportunities`

Re: Slips on $ buys
The spot rupee was well balanced between dollar demand from foreign institutional investors and oil companies and dollar sales by the Reserve Bank of India.

Rupee closes down at 42.88

The budget confirms the fears of NGOs that they are being targeted by the government in what looks like a cold war. 


Wages of philanthropy

Rupee: Down again Rupee slipped below 40.0000 per $1 mark today because banks continuously bought dollars to meet the demand from importers on the last day of the current financial year,

Re breaches 40 as banks buy $

Rupee: Closes down The rupee partially recouped its losses against the US dollar, ending at 40.06 compared with 39.96 on Monday. Exporters are believed to have sold the greenback.

Re breaches 40 mark, ends weak

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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