Page 1036 - Finance News
Bank credit grows 11.4% to over Rs 70.80 lakh cr
Bankers still uncertain if it signals turnaround in economy
 "Bank credit grows 11.4% to over Rs 70.80 lakh cr")
Govt to infuse about Rs 5,000 cr in PSU banks this quarter
Funds will be infused after Parliament approves third Supplementary Demand for Grants in the Budget session
 "Govt to infuse about Rs 5,000 cr in PSU banks this quarter")
Budget has to be viewed as a package: Raghuram Rajan
Interview with Governor, Reserve Bank of India
 "Budget has to be viewed as a package: Raghuram Rajan")
Rajan puts the ball in Jaitley's court
Says monetary policy can achieve 'only so much' for growth
 "Rajan puts the ball in Jaitley's court")
Not looking to reduce risk-taking appetite in economy: Raghuram Rajan
In an interview, Rajan said RBI is asking banks to clean up their balance sheets to put key stalled projects back on track
Slowing industrial activity worries Reserve Bank
CEOs look forward to Budget sops
 "Slowing industrial activity worries Reserve Bank")
Working with govt, banks to recognise stressed assets: RBI
Says move is being done to ensure true and fair picture of lender's balance sheets
 "Working with govt, banks to recognise stressed assets: RBI")
RBI proposes easier access to foreign capital for start-ups
Aims to simplify the process and create an enabling framework for attracting foreign venture capital
 "RBI proposes easier access to foreign capital for start-ups")
Rise in NPA, provisions hurt private banks; pressure likely to continue
Spike in NPA came in after RBI's systemic review, asking banks to recognise certain assets in December and March quarters of FY16 as such
 "Rise in NPA, provisions hurt private banks; pressure likely to continue")
Stronger balance sheets would support transmission and recovery: Atsi Sheth
Monetary policy transmission and economic recovery depends on an improvement in banks' capacity to lend as well as an increase in corporates' capacity and willingness to borrow
Policy in accommodative mode: Arundhati Bhattacharya
There is one point of concern. It has been observed since the last monetary policy, system liquidity has turned into a significant deficit mode
 "Policy in accommodative mode: Arundhati Bhattacharya")
Cheap imports, coal mine cancellation hit Monnet Ispat
The original promoters will likely have to make way for new investors if the company is to get back on its feet and repay its high debt
 "Cheap imports, coal mine cancellation hit Monnet Ispat")
Bandhan mops up Rs 7K cr in deposits in six months
Majority of the deposits are by non-microfinance borrowers
 "Bandhan mops up Rs 7K cr in deposits in six months")
UBS bank shares plunge as rich investors withdraw money
The share drop came despite a 10 percent rise in net profit in the October-December quarter
 "UBS bank shares plunge as rich investors withdraw money")
Nabard extends Rs 780-cr loan to Gujarat under RIDF
Funds towards setting up irrigation facilities in water-scarce Saurashtra region
 "Nabard extends Rs 780-cr loan to Gujarat under RIDF")
RBI may maintain status quo on Tuesday
Experts feel there is a case for front-loading of interest rate cut to give a push to economy
 "RBI may maintain status quo on Tuesday")
RBI decision on expected lines: FinMin
Shaktikanta Das said one has to wait for the Budget to know the government strategy on the fiscal consolidation road map
 "RBI decision on expected lines: FinMin")
Raghuram Rajan sticks to his guns on cleaning up banks books
Rajan stressed on the benefits over a medium-term
Next rate cut more likely after government presents Union Budget
Majority of economists surveyed feel the repo rate would be left unchanged at 6.75%
 "Next rate cut more likely after government presents Union Budget")
RBI may hold rates to check inflationary pressures
However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to the economy
 "RBI may hold rates to check inflationary pressures")