Page 1070 - Finance News
Lower risk weight to boost low-cost housing
More money will flow into low-cost housing and at lower rates
 "Lower risk weight to boost low-cost housing")
RBI cut helps market fend off global slide
Sensex, Nifty gain as Asian markets tumble and FIIs sell shares worth Rs 1,100 cr
 "RBI cut helps market fend off global slide")
A welcome correction
With lower inflation target, further rate cut unlikely
IOB gets shareholders' nod to raise Rs 2,009 cr from govt
Bank to raise the money through preferential allotment
 "IOB gets shareholders' nod to raise Rs 2,009 cr from govt")
Housing sector gets leg-up as RBI to lower minimum risk weight
The minimum risk weight applicable on individual housing loans is 50%, at present
 "Housing sector gets leg-up as RBI to lower minimum risk weight")
Syndicate Bank bonds worth Rs 1,000 cr fully subscribed
The issue, which opened on September 24 and closed on September 28, carries a coupon rate of 8.58% per annum
 "Syndicate Bank bonds worth Rs 1,000 cr fully subscribed")
Should investors change their debt strategy post rate cuts?
They should look at income accrual and dynamic bond funds that hold a combination of gilts as well as quality corporate bonds
 "Should investors change their debt strategy post rate cuts?")
TN to set up new textile park & allocate Rs 100 cr to fund MSMEs
Ponneri Industrial Node, which is to be set up in three phases at an estimate of Rs 13,314 crore
 "TN to set up new textile park & allocate Rs 100 cr to fund MSMEs")
RBI bumper rate cut lifts Sensex by 162 points; Nifty ends above 7,800
Financials were the top gainers led by HDFC, HDFC Bank along with select index heavyweights
 "RBI bumper rate cut lifts Sensex by 162 points; Nifty ends above 7,800")
Auto sector cheers RBI rate cut as 'festival gift'
It has come at an opportune time as it will help in raising customer sentiment, said Pawan Munjal
 "Auto sector cheers RBI rate cut as 'festival gift'")
Andhra Bank cuts base rate by 25 bps to 9.75%
The move came after the RBI cut repo rates by 50 bps
 "Andhra Bank cuts base rate by 25 bps to 9.75%")
Rate cut of 0.5% for stronger, sustainable growth: Rajan
He also said that the focus needs to shift to squeezing inflation further to 5% by early 2017
 "Rate cut of 0.5% for stronger, sustainable growth: Rajan")
Markets cheer higher rate cut by RBI
Financials were the top gainers along with index heavyweights
 "Markets cheer higher rate cut by RBI")
Finance Minister Jaitley welcomes RBI rate cut
Adds that govt committed to meet its fiscal deficit targets
 "Finance Minister Jaitley welcomes RBI rate cut")
RBI rate cut to drive growth, banks must follow suit: India Inc
Assocham Secretary General D S Rawat termed RBI's move to slash key rate a 'pleasant surprise'
 "RBI rate cut to drive growth, banks must follow suit: India Inc")
RBI feels growth trends require more aggressive stimulus: Moody's
The RBI on Tuesday cut its repo rate by 50 basis points
 "RBI feels growth trends require more aggressive stimulus: Moody's")
Home loans get cheaper as SBI cuts base rate by 40 bps to 9.3%
Bank will also cut deposit rates by 25 bps effective Oct 5
 "Home loans get cheaper as SBI cuts base rate by 40 bps to 9.3%")
India Inc cheers early Diwali gift from Raghuram Rajan
But big ticket investments will still take time and more rate cuts needed
 "India Inc cheers early Diwali gift from Raghuram Rajan")
Rate-sensitive stocks rebound; Maruti Suzuki hits record high
HDIL, Indiabulls Real Estate, IndusInd Bank, BOI, M&M and Maruti Suzuki were up more than 3% each on the NSE.
 "Rate-sensitive stocks rebound; Maruti Suzuki hits record high")
Jaitley says Central bank action will spur investment, growth
The RBI cut 50 basis points its repurchase rate on short-term borrowings, to 6.75 %