Page 1170 - Finance News

5 reasons why Raghuram Rajan did not cut rates

RBI kept all key rates unchanged in its policy review today

Banks accuse prepaid issuers of misusing business correspondent model

Say PPIs poaching agents, forcing users to shift

RBI reduces FX intervention

Lesser rupee volatility, thinner foreign flows since July, plus a rise in reserves, say observers

Gold import surge widens India's CAD to 2.1% of GDP in Sep quarter

However, level within RBI's comfort zone, with BoP in first half also looking up

Kotak Bank plans for biz growth of 18%

ICICI Bank to hike ATM charges

However, no charge beyond five transactions if average monthly balance of Rs 25,000 is maintained

RBI to release norms for single authentication in a month: Khan

Currently, two-step authentication is generally prevalent in the country unlike developed nations

ICICI Bank to hike ATM charges from January 1

Under the new method, the number of free transactions in a month is fixed at five using own ATMs, while it has been capped at three for other banks' machines

Low oil prices pull down banks' lending

Banks set to kick off lending rate cuts

With deposit rates falling, bankers say base rate cut is only a matter of time

Now, use your debit card for inter-bank fund transfers at ATM centres

To begin with, the amount allowed to be transferred will be capped at Rs 5,000 a day and Rs 25,000 a month

Centre's plan to cut stake in PSU banks unlikely to boost efficiency, say experts

Divestment could reduce NPAs; govt could get Rs 89,120 cr from sale of stakes

Competition awaits PSBs in fee-based biz

Remittances and charges on current and savings accounts will be their lifeline as they can't earn interest income through lending

BofAML sees 0.25% rate cut by central bank in February

Says the softer oil prices will ensure a 0.75% cut through 2015

SBI, Axis cut deposit rates; HDFC Bank may cut loan rate by March

Move comes within days of Guv Rajan saying there had been a fall in rates in the money markets for many reasons

ING Vysya staff seek job surety from Kotak

All India ING Vysya Bank Employees Union will approach RBI and FinMin to ensure jobs aren't cut

SBI to raise $300 mn via overseas bonds

The proceeds would be used for general corporate purposes

ICICI Bank to sell its Russia subsidiary IBEL

Purchase price to be determined on deal completion date based on financial statements of IBEL at that date

RBI eases rules for white label ATMs

Allows operators of white label ATMs to accept international credit, debit and prepaid cards

RBI looking at bringing in model code of conduct to ensure customer rights

The code of conduct would be framed by BCSBI and IBA and would be implemented the boards of the Banks, says RBI ED