Page 1444 - Finance News
BS Poll: Reserve Bank may not cut the repo rate further next month
Thrust may be to ensure that benefits of previous cuts are passed on by reduction in lending rates
 "BS Poll: Reserve Bank may not cut the repo rate further next month")
Inflation-indexed bonds from next month
In tranches; details issued on returns and structure; government hopes to wean investors away from gold and its import
 "Inflation-indexed bonds from next month")
Karnataka Bank net dips 19% to Rs 67 cr
Total income for the quarter increased 14.13% to Rs 1,090.32 crore vs Rs 955.33 crore in the year ago quarter
 "Karnataka Bank net dips 19% to Rs 67 cr")
Bankers fail to find way out of Maheshwar project logjam
Out of ten turbines of projects, three have been installed and are ready to work
SBI: Won't give up on textile-sector bad loans
Says the bank's NPA may reduce to Rs 51,000 cr from Rs 53,000 cr at the end of December 31, 2012
 "SBI: Won't give up on textile-sector bad loans")
Public sector banks stop recruitment from B-schools after court order
Central Bank of India to appeal in SC against HC order restraining campus hiring
 "Public sector banks stop recruitment from B-schools after court order")
ECB route for low-cost housing extended by two years: H R Khan
Says there had been no overall change in ECB limit which is $40 billion
 "ECB route for low-cost housing extended by two years: H R Khan")
Bond yields decline; fuel hopes of further monetary easing
Short term rates to fall further, WPI inflation slipped to sub-5 level to stand at 4.89% in April against 5.96 in previous month
 "Bond yields decline; fuel hopes of further monetary easing")
Cobrapost | RBI sends showcause notices to ICICI, HDFC and Axis banks
Asks banks why a penalty should not be exposed
 "Cobrapost | RBI sends showcause notices to ICICI, HDFC and Axis banks")
Takru to meet senior bank officials today
Revival of Maheshwar hydel project on agenda; to take stock of DBT
 "Takru to meet senior bank officials today")
50 bps rate cut possible if monsoon is good, inflation falls further: Ashima Goyal
Q&A with external member, Technical Advisory Committee of RBI
 "50 bps rate cut possible if monsoon is good, inflation falls further: Ashima Goyal")
Mayaram sees room for easing of rate by RBI to push growth
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17
Don't staple note packets, issue only clean notes: RBI to banks
It also asked banks to stop writing of any kind on the watermark window of bank notes
 "Don't staple note packets, issue only clean notes: RBI to banks")
BoB, BoI post lower Q4 net
Total income increased to Rs 9,265.55 crore for the quarter ended March 31, 2013 from Rs 8,777.73 crore last fiscal
 "BoB, BoI post lower Q4 net")
RBI probe upholds Cobrapost charges on 3 private banks
RBI probe report into private banks shows cash transactions over Rs 10 lakh from unknown sources in non-resident accounts
 "RBI probe upholds Cobrapost charges on 3 private banks")
Banks might tighten loans to jewellery sector
Owing to Winsome group default, lenders could seek higher collateral and margins
 "Banks might tighten loans to jewellery sector")
ElectraCard hit by deals worth only $5 mn, says CEO
Crime was carried out by a syndicate and involved breaking into the computer systems of global financial institutions
 "ElectraCard hit by deals worth only $5 mn, says CEO")
RBI creates new gold import hurdle
As announced earlier, consignment imports restricted; jewellery trade fears rise in costs, especially for smaller entities
 "RBI creates new gold import hurdle")