Page 1112 - Finance News

We are not here to kill the economy, says Rajan

He was speaking to reporters after announcing a 0.25% cut in RBI's policy rates

RBI rate cut will help improve consumer sentiment: auto cos

But say actual benefit will be dependent on banks passing on the benefits of the rate cut

Banks risk losing market share for short-term margins: Rajan

Says cos raising funds via commercial papers as they reflect RBI's rate cuts

Arvind Subramanian plays down RBI's inflation worries, says govt will contain price rise

Adds that RBI rate cut consistent with improving economic indicators

Some new banking licences by August, says Rajan

He is also hoping to review all the past decisions

Allahabad Bank cuts lending rate by 0.3%

The base rate has been reduced to 9.95% from 10.25%, effective June 8

Growth weaker than headline numbers suggest: Rajan

Says weak corporate results show 'final demand is yet to pick up strongly'

RBI to be on pause for the rest of the year: experts

Say any further cuts will be contingent on a lot of factors, especially the monsoons

RBI cuts repo rate 25 bps to 7.25%

Raises inflation target for January 2016 to 6%, calls for capital infusion into PSU banks

IDBI Bank eases restrictions on corporate lending

Apart from the priority sector lending norms, the lender was also facing tepid response from corporates in the last two-three years

Will Rajan heed bankers' demand to cut CRR?

CRR is the proportion of total deposits a bank has to keep with RBI as cash

Now, book lockers via mobile phone

If the lockers are available, one can book immediately. Else, one will be issued a wait-list number and can avail facility if bank adds more lockers or existing ones get free

RBI elevates Meena Hemchandra as ED

She will look after the departments of banking supervision, cooperative banking supervision and non-banking supervision

RBI sets Rs 10 lakh commission limit for non-exec directors of private banks

This will be over and above sitting fee and reimbursement expenses paid by lenders

DCB Bank to tap Punjab's small units

RBI may cut rates for third time this year

Analysts argue inflation data should give the RBI enough comfort to cut rates again

FinMin, RBI set up panel on reducing cash transactions

Apart from checking the flow of unaccounted money, reduction in cash usage is held to improve cost effectiveness for banks

Question mark over central bank cutting rates on Tuesday

Rajan has twice cut the repo rate over two unscheduled monetary policy reviews in January and March, bringing it down to the current 7.5%

ATM use: HDFC Bank to stop paper slips, to send detailed SMSes

The bank will roll out the pilot across its network of over 11,700 ATMs by June end

HDFC Bank among top 100 most valuable global brands in 2015

Apple tops the chart with a brand value of $246.9 bn, followed by Google with $173.6 bn and Microsoft with $115.5 bn