Page 1018 - Finance News

All eyes on RBI's take on liquidity

The apex bank's take on other issues such as liquidity & transmission are gaining paramount importance in the economy

3 PSU banks to get Rs 1,000 cr capital infusion from govt

United Bank of India will get Rs 480 crore while Vijaya Bank will get fund infusion of Rs 220 crore

UBI to raise Rs 480 cr from govt via preferential allotment

This is part of the govt's plan to infuse Rs 5,050 crore in PSU banks

Vijay Mallya submits Rs 4,000-crore settlement plan to Supreme Court

Liquor baron offers to pay the amount by September 2016; SC asks banks to respond within a week

Vijaya Bank to get Rs 220 crore capital infusion from govt

This is part of the government's plan to infuse Rs 5,050 crore in public sector banks

RBI submits list of big defaulters to SC, but pleads to keep the names secret

Regulator cites adverse impact to business and employees as reasons, according to a report in The Times of India

Short-term loans to get cheaper

Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers

RBI opens up more debt space for FPIs

FPIs can also invest up to Rs 14,000 crore in state development loans, from Rs 7,000 crore now

Fixed rate loans up to 3 years to be based on marginal cost: RBI

From next month, all banks will follow the Marginal Cost of Funds-based Lending Rate system

RBI calls market players to buy UDAY bonds

Under UDAY, 75 per cent of the outstanding debt of the discoms, estimated at Rs 4 lakh crore, will be taken over by state governments, which, in turn, will sell the bonds through private placements

Gujarat state co-op banks up the ante for 'doorstep' facilities

The micro ATM device provides basic banking services to remote rural areas

Madras HC restrains IDBI employees' organisations from obstructing functioning of the Bank

The order comes as IDBI Bank submitted that the four-day strike will affect customers in Tamil Nadu

RBI tweaks upcoming new rules for lending rates

Previously all fixed-rate loans had been exempted from being set based on their marginal cost of funding

Bank of India to get Rs 1,150 crore capital infusion from govt

This is part of government's plans to infuse Rs 5,050 crore in the public sector banks

Court restrains IDBI trade unions from hindering work at bank brances

Bank employees raised 'privatisation' issue, following which labour authorities held conciliation talks from March 21 to 24, which however ended in failure

RBI may go for a 'measured' cut next week: DBS

Raghuram Rajan on February 2, left the key interest rate unchanged citing inflation risks and growth concerns

Govt to provide sufficient funds to recapitalise banks: FM Arun Jaitley

Jaitley, who is on the on a four-day visit to Australia, said that banks have to play their role in achieving higher growth

I want what everybody wants: Jaitley on rate cut by RBI

Given that inflation is around 5%, high interest rates could make the Indian economy sluggish, Finance Minister Arun Jaitley said

Third-party motor premiums to go up 10-40%

Third-party motor premium is regulated by Irdai and revised yearly, based on inflation and claims

Govt to infuse Rs 5,050 crore in state-run banks soon

It will be part of the Rs 25,000 crore capital infusion plan earmarked for the current fiscal