Page 1279 - Finance News
RBI to launch CPI-linked savings certificate by month-end
Rate of interest for the product's inaugural run will be 1.5% above the annual average of the CPI
 "RBI to launch CPI-linked savings certificate by month-end")
Rajan says NPAs not alarming, but time for corrective steps
The RBI has come out with a discussion paper on stressed asset management to prevent any further threat to the system
 "Rajan says NPAs not alarming, but time for corrective steps")
Realtors expect positive sentiment from RBI's bold policy move
RBI today surprised the markets by leaving key policy rates unchanged
 "Realtors expect positive sentiment from RBI's bold policy move")
RBI kept key rates unchanged to push growth: Montek
Says RBI Governor is expressing confidence that price inflation will come under control
India Inc hails RBI decision not to hike interest rate
Central Bank has demonstrated restraint and foresight to strike the right balance between inflation and growth: CII
Bankers cheer RBI policy, analysts see tightening ahead
Experts say policy based on assumption that inflation will moderate
 "Bankers cheer RBI policy, analysts see tightening ahead")
Better to wait for more data during uncertain times, says Raghuram Rajan
Warns RBI will act in off-policy dates if inflation does not fall
 "Better to wait for more data during uncertain times, says Raghuram Rajan")
RBI refuses to react to 'noise', puts govt on notice
If the headline inflation continues its upward trend, then a rate hike in January is inevitable.
 "RBI refuses to react to 'noise', puts govt on notice")
PSU banks' staff go on strike; operations hit
All the members affiliated to nine bank employees and officers unions have gone on strike
Bank unions to go on strike today
The wage revision of bank employees was due from November 2012
 "Bank unions to go on strike today")
Realty firms seek priority sector status for low-cost housing
Demand comes a day before RBI's policy review
 "The central bank will walk the talk: Radhika Rao")
RBI promises more flexible field for asset recast firms
Steps include allowing banks to take excess provision for NPAs to profits
 "Tax-free bonds vs Bank fixed deposits")
Overnight rates may rise if RBI hikes the MSF rate
Expected if RBI raises MSF rate today, to keep spread with repo rise; however, these still expected not to breach 9%
 "Overnight rates may rise if RBI hikes the MSF rate")
Central bank moots stringent norms on stressed loans
Banks to flag loans overdue for 30 days as stressed; feedback on suggestions in two weeks
 "Central bank moots stringent norms on stressed loans")
Kotak Mahindra launches financial inclusion programme
Programme to allow regiestered members of milk unions to receive payments against supply of milk in the
 "Kotak Mahindra launches financial inclusion programme")
RBI moots stringent norms to tackle stressed loans
Banks to flag loans overdue for 30 days as stressed; sale of NPAs to get a boost
 "RBI moots stringent norms to tackle stressed loans")
IOB board gives nod for raising Rs 2,100 cr
IOB gets Board's approval to issue equity shares to GoI, LIC
Loans with early stress to be treated as "Special Mention Accounts"
Incentives for early action, higher provisions for delays in resolution