Page 1243 - Finance News
Large foreign banks need to be responsive to local norms: RBI
Foreign banks will have to operate as wholly-owned units for better regulatory control, says Raghuram Rajan
 "Large foreign banks need to be responsive to local norms: RBI")
RBI open to merger of banks: Rajan
Says it's better that the banks themselves voluntarily decide where more value could be created if they merge
 "RBI open to merger of banks: Rajan")
Developers hail RBI policy; demand easing of interest rate
It is a positive move as it indicates that interest rates will not go upward: CREDAI
RBI tells street to look through transient effects, including base effect
With Raghuram Rajan taking over as governor of central bank last year, focus of monetary policy shifted more towards CPI inflation
 "RBI tells street to look through transient effects, including base effect")
Issuing bank licences has nothing to do with politics: RBI
Raghuram Rajan says bank licences is an economic and regulatory process and is to be seen as distant and different from politics
 "Issuing bank licences has nothing to do with politics: RBI")
No change in EMIs likely as RBI keeps interest rate on hold
Interest rates are likely to stay where they are now for some time, says Punjab National Bank Chairman and MD
Rajan warns state-run banks against year-end window-dressing
Says Reserve Bank will not bail out lenders for their bad policies in fututre
 "Rajan warns state-run banks against year-end window-dressing")
Granting of new bank licences not a political process: Rajan
RBI Governor has sought Election Commission's nod on granting bank licences
 "Granting of new bank licences not a political process: Rajan")
RBI keeps rates unchanged in its first bi-monthly policy review
Risks to growth could rise if polls do not provide stable govt
India's potential growth rate below 6%: RBI report
Financial savings, sluggish growth, high inflation and low business confidence are the major reasons for the revised estimate
RBI chief says current policy rate appropriately set
Rajan asserts, apex bank should not be in the business of bailing out banks by infusing cash to make up for year-end distortions
 "RBI chief says current policy rate appropriately set")
RBI action on expected lines, says India Inc
RBI keeps rates unchanged, industry to hold fund raising plans till election results
J&K Bank likely to set up foreign branches
May set up branches in Dubai, London
Private banks turn to SMEs to drive growth
With the slowdown in large corporate loan disbursement many lenders are now betting big on the SME segment
 "Private banks turn to SMEs to drive growth")
FM defends RBI decision to refer issue to poll panel
Says curbs on gold imports may be further relaxed in light of fall in current account deficit
 "FM defends RBI decision to refer issue to poll panel")
Why inflation-indexed bonds don't sell
No rules on incentives for distributors or sale guidelines for bank branches
 "Why inflation-indexed bonds don't sell")
RBI wants govt to pare stakes in banks
Blueprint for sweeping reforms suggests govt, RBI nominees be withdrawn from the boards of public sector banks
 "RBI wants govt to pare stakes in banks")
 "Yellen defends easy Federal policies")
Switzerland to probe forex rigging
Several Swiss, British and US banks face investigation by competition commission
 "Switzerland to probe forex rigging")
Bank unions oppose RBI's move to give licences to India Inc
AIBU writes to EC, asks them not to give the go ahead to RBI
 "Bank unions oppose RBI's move to give licences to India Inc")