Page 1432 - Finance News
Bahrain's BBK opens 3rd branch in India
The bank offers personalised banking, equity broking and wealth management services
IDFC to seek licence from RBI for setting up bank
The licence would be sought based on the guidelines for licensing of new banks in the private sector dated February 22
 "IDFC to seek licence from RBI for setting up bank")
Action heats up for new bank licence
Religare promoters to cut stake to meet norms; IDFC board gives go ahead
 "Action heats up for new bank licence")
RBI relaxes some forex option premium payment rules
Allows buyers to spread premium payment over the maturity of the contract
 "RBI relaxes some forex option premium payment rules")
ICICI Bank's proposed Chinese Renminbi senior unsecured notes rated 'BBB-': S&P
Rating on the notes reflects long-term counter-party credit rating of the bank
 "ICICI Bank's proposed Chinese Renminbi senior unsecured notes rated 'BBB-': S&P")
Bond yields soften on lower-than-expected trade gap
Might go up as Reserve Bank stays hawkish; to dent banks' trading profit
 "Bond yields soften on lower-than-expected trade gap")
India Inc unhappy with RBI stance
CEOs say cut in interest rates an essential element to bring positive sentiment into market
 "India Inc unhappy with RBI stance")
A weak rupee holds RBI from cutting key rate
Future cuts to depend on durable receding of inflation; Wait for lower EMI gets longer
 "A weak rupee holds RBI from cutting key rate")
Banks in no hurry to cut lending rates
Given the cost of funds and pressure on margins, need prior movement on these, reiterate bankers
Centre may eye FDI to finance high CAD
High volatility in foreign institutional investors' flows underscore challenges in financing the gap
 "Centre may eye FDI to finance high CAD")
 "Rupee fall: light at the end of the tunnel")
India Inc disappointed with no rate cuts
CEOs say cut in interest rates an essential element to bring positive sentiment into market
 "India Inc disappointed with no rate cuts")
RBI keeps key policy rates, CRR unchanged
At present, repo rate stands at 7.25%, CRR at 4%
 "RBI keeps key policy rates, CRR unchanged")
India Inc disappointed over RBI decision not to cut key rates
The industry urged the central bank to consider a rate even before the next monetary policy review on July 30
 "India Inc disappointed over RBI decision not to cut key rates")
Financing higher CAD may prompt govt for more FDI
In mid-quarter review of monetary policy, RBI again flagged concerns on high CAD
 "Financing higher CAD may prompt govt for more FDI")
RBI's status quo influenced by external factors: Rangarajan
The Reserve Bank in its first mid-quarter policy review today kept the key interest rates unchanged because of elevated food inflation
 "RBI's status quo influenced by external factors: Rangarajan")
Banks unlikely to cut rates soon
High cost of funds, pressure on net interest margins and additional provision requirements have left banks with very little room to reduce rates
 "Banks unlikely to cut rates soon")
RBI policy stance not totally unexpected: Ficci
FIcci president Naina Lal Kidwai opines that investment sentiment has to be supported constantly
Bank of Baroda says status quo on rates will be maintained
To pass on cut in lending rates if cost of deposits comes down
 "Bank of Baroda says status quo on rates will be maintained")