Page 1247 - Finance News
RBI's foreign exchange reserves near 27-month high
Foreign exchange reserves rose by $ 1.84 billion for the week ending March 14 to $ 297.29 billion
 "RBI's foreign exchange reserves near 27-month high")
Central bank notifies final guidelines on bad loans for NBFCs
The guidelines will be effective from April 1
No differences with RBI: K C Chakrabarty
He said he had communicated to RBI Governor Raghuram Rajan about his plans well in advance
 "No differences with RBI: K C Chakrabarty")
Reserve Bank has yet to decide on inflation targeting: Guv
The committee has said retail inflation should be the anchor measure for the central bank, instead of wholesale inflation
 "Reserve Bank has yet to decide on inflation targeting: Guv")
MFI Q3 loan disbursals soar 52%
Aggregate gross loan portfolio of the industry jumped 29% to Rs 23,998 crore as of the Dec quarter
 "MFI Q3 loan disbursals soar 52%")
Rajan thanks Chakrabarty, says search on for successor
Chakrabarty requested to be relieved on April 25, slightly earlier than his scheduled term end
K C Chakrabarty quits RBI three months before end of term
In a letter to RBI Governor Raghuram Rajan, Chakrabarty cited personal reasons behind his decision to quit ahead of schedule
 "K C Chakrabarty quits RBI three months before end of term")
Europe strikes a deal to complete banking union
The breakthrough ends an impasse with the European Parliament, which persuaded Euro zone countries to strengthen the scheme
RBI doesn't have a magic wand to help UBI: Dy guv
United Bank posted a net loss of Rs 1,238 cr in the three months to December, during which its gross NPAs surged to Rs 8,546 cr from Rs 2,964 cr at the end of March last year
 "RBI doesn't have a magic wand to help UBI: Dy guv")
UCO Bank sells Rs 1,545 crore of NPAs in Q4
Country's largest lender SBI reportedly planning to sell close to Rs 5,000 cr NPAs before end of current financial year
 "UCO Bank sells Rs 1,545 crore of NPAs in Q4")
No information on EC reply on bank licences: Chakrabarty
A section of the media today reported, quoting an unnamed EC official, that it may not allow RBI to go ahead with the plan before the polls
Credit information firms failed to warn on asset quality: RBI
Suggests them to create credit database on loans below Rs 5 cr
 "Credit information firms failed to warn on asset quality: RBI")
No change in 80:20 rule for gold import: Chakrabarty
Says If there is competition, gold will be imported at a lower cost
NHB to tap $200 mn ECB window within a fortnight: Chairman
Says home loan companies, with this will achieve the target of raising $1 billion in FY14 through the ECB window, offered for financing affordable housing
 "NHB to tap $200 mn ECB window within a fortnight: Chairman")
RBI announces host of liquidity boosting steps
RBI has also decided to offer funds to banks through Marginal Standing Facility on March 31 with reversal on April 2
 "RBI announces host of liquidity boosting steps")
New bank licences in a few weeks after EC's nod: Raghuram Rajan
EC sources say routine matter, will clear it
 "New bank licences in a few weeks after EC's nod: Raghuram Rajan")
So, what's the big deal if industrial houses own banks?
It is strange logic that disqualifies industrial houses but which thinks stock brokers make good bankers
 "So, what's the big deal if industrial houses own banks?")
 "Banks must protect systems, ATMs with Windows XP: RBI")
Banks' deposit growth beats rise in credit, says RBI
During the fortnight, credit grew 1.29 per cent, while deposits rose 1.15 per cent
 "Banks' deposit growth beats rise in credit, says RBI")