Page 1212 - Finance News
RBI's net dollar buying drops in May
On a net basis, the central bank bought dollars worth $1.79 billion in May as against $5.87 billion in April
 "RBI's net dollar buying drops in May")
FM, Rajan in tune on policy; FSLRC a sticking point
But moving ahead with FSLRC suggestions could be a bone of contention
 "FM, Rajan in tune on policy; FSLRC a sticking point")
Liberal infrastructure funding regime for banks
Funding of infra sector exempted from CRR, SLR and priority sector lending norms
 "Liberal infrastructure funding regime for banks")
Govt to cut bank stakes but retain majority
Market uneasy at absence of fresh capital infusion; happier at moves on autonomy, NPAs
 "Govt to cut bank stakes but retain majority")
 "Lack of detail, vision: Saurabh Mukherjea")
 "Focus on restarting growth engine: Anoop Bhaskar")
Realistic moves, time to focus on sustained growth: Kaku Nakhate
Says the Budget lays foundation for the beginning of a journey towards a sustained growth of 7-8%
 "Realistic moves, time to focus on sustained growth: Kaku Nakhate")
Seeds sown for robust industrial growth: Neeraj Bharadwaj
Says FM deserves compliments for increasing FDI limits in insurance sector
 "Seeds sown for robust industrial growth: Neeraj Bharadwaj")
Reserve Bank Central Board meets in Chennai
Main function of the Board Directors is to provide overall direction to the RBI's affairs
 "Reserve Bank Central Board meets in Chennai")
Long-term tax-free bonds may aid banks' infra push
Banks say these will help channelise savings of retail investors to productive resources, rather than these flowing into investments such as gold
 "Long-term tax-free bonds may aid banks' infra push")
Public sector banks see a jump in recoveries
NPAs- PSBs helped by a mandate from the govt to take on defaulters and a new regime for stressed assets
 "Public sector banks see a jump in recoveries")
El Niño, Iraq crises are hurdles
Monetary Policy- Easing expected to happen later this financial year
RBI board to take up COO issue today
Appointment of DG in RBI has to be taken by ACC but RBI can decide on a COO
 "RBI board to take up COO issue today")
IndusInd Bank Q1 net up 26% as fee income improves
Bank's Net Interest Income stands at Rs 800 cr for quarter under review
 "IndusInd Bank Q1 net up 26% as fee income improves")
PSBs can tide over ALM issues with long-term bonds: India Rating
Says rise in ALMs in state-run banks is due to the growing divergence in the tenors of loans and deposits
Q1 earnings preview: Credit and income growth to moderate for banks
Brokerage houses believe like in earlier quarters, private banks will be on a much better footing than their public sector counterparts
Govt eyes 200 mn new bank accounts in a year
Govt is using Census 2011 as basis for charting out its financial inclusion plan
 "Govt eyes 200 mn new bank accounts in a year")
RBI to reschedule farm loans soon: AP finance minister
Farmers will be denied fresh credit if their existing loans remain categorised as the overdues
 "RBI to reschedule farm loans soon: AP finance minister")
Chanda Kochhar eyes bank with right size and right value for takeover
Says any acquisition target will need to be of a relevant size
 "Chanda Kochhar eyes bank with right size and right value for takeover")
 "Debt-lightening measures to continue, says CRISIL")