Page 1286 - Finance News

Mohan Tanksale elected new IBA chief executive

The appointment follows the incumbent K Ramakrishnan retiring on Saturday after a five-year tenure

Punching PIN must for debit card transactions from tomorrow

In June, RBI had extended the deadline for implementation of mandatory PIN punching at Point-of-Sales till November 30

Inflation-indexed bonds will not aid liquidity

Once the product is redeemed, there will be a tax of 10% without indexation and 20% with indexation (tax rate on debt instruments after one year)

Bajaj group grapples with banking foray challenges

Bajaj Auto fears adverse impact on its exclusive loan deal with Bajaj Finance

RBI to offer CPI-linked bonds in Dec

These securities will be eligible as collateral for loans from banks, financial institutions and NBFCs

Bank employee body for action on bad loans

Customers to get interest on savings a/c sooner than 3 months

Most of the banks currently credit the interest accrued on the savings accounts every six months

RBI may allow FDI upto 74 % in Credit Information Companies

Prescribes certain norms to consider Higher FDI

RBI to launch inflation indexed national savings securities-cumulative for retail investors

According to RBI interest rate on these securities would be linked to final combined Consumer Price Index

Decision making fears straining liquidity: Kochhar

'I think this whole fear of decision making has set in now. It is in the entire ecosystem'

Traders hope RBI will roll back cash constraints

Analysts say RBI could raise the amount banks can borrow from LAF

Bankers wary of Gammon's making loans equity

Return on equity of the company has turned negative since the last 2 years as the company is making huge losses on a consolidated basis

RBS gives up primary dealer licence

RBI had permitted the bank to carry out private dealer business in India in May, 2008

Indian banks to test global market for Basel-III-compliant tier-I bonds

Analysts say these two being new instruments, banks will first like to tap global market that has deep, mature bond segment

RBI to relax investment limit of NBFCs in insurers

As per present norms, restriction of a group limit of the NBFC should not exceed 50% of the equity of the insurance JV company

Overnight rates at four-month low

RBI swap windows led to rise in liquidity

Inclusion of bonds in global bond indices not an urgent concern: Mayaram

Deliberations on the subject are on with RBI fully engaged in the process, says Economic Affairs Secy Arvind Mayaram

Ahmedabad borrowers have better credit score: CIBIL study

The study also indicates that credit card penetration is very high in Ahmedabad as compared to other cities in the country

AIBEA to protest on growing NPAs and corporate borrowers' role

Bank employees' body plans to reveal top defaulters' names

Mahila Bank to open 16 more branches in four months

Two branches would be inauguarted as early as first week of next month