Page 1450 - Finance News

SBI to auction Gopinath's assets to recover dues

The bank aims to recover Rs 210 crore dues

RBI doesn't want India Inc to bet on forex rates

Experts see unhedged forex exposure by India Inc as speculative and support RBI stance

More positive signals ahead: Shyam Srinivasan

With expectations of a normal monsoon, the pressure on consumer price index may come down

RBI would have to cut rates further: Sunil Godhwani

The cautious policy might have reiterated its statement that there was little room for further rate cuts

Policy focusing on macroeconomic stability: S S Mundra

The policy has proposed several other measures to promote financial stability and credit discipline in the banking industry

'Cut in SLR under held-to-maturity bucket is a positive'

A reduction of at least 50 basis points would be carried out every quarter, beginning with the quarter ending June

Borrowing to get costly with tight dynamic loan loss provisions

Risks from unhedged foreign exchange exposures will also make borrowing expensive

There will be three more rate cuts: Taimur Baig

RBI is expected to remain vigilant about the outlook, but at the same time finds itself compelled to cut rates

It's back to the government: R Shankar Raman

Considering the current dynamics, a 25-bp rate cut and a clear mention of limited monetary space reflect an appropriate policy stance

Lending rate cuts key to recovery: Indranil Sengupta

Monetary tightening has become counter-productive - hurting growth rather than taming inflation

Focus on bank consolidation

Discussion paper on banking structure rejig by June-end

RBI to hold OMO purchase of govt bonds on Tuesday

Move to comfort liquidity scenario and bond market sentiments

Draft wealth management norms to be issued by June-end

Lower risk weight will improve pricing, perception: NHB chief

Will help improve risk perception of real estate sector, will help pricing of loans for project financing of residential properties

Banks asked to lower gold imports

RBI suggests banks can import bullion only on a consignment basis to meet gold jewellery export need

Chola Investment seeks licence to scale up housing finance

Company would target self-employed with a ticket size of Rs 30 lakh

Banks slow in monetary policy transmission

In 2012-13, the central bank reduced repo by 50 basis points and CRR by 75 bps

RBI asks NBFCs to give customers unique ID code

RBI has asked NBFCs to initiate steps for allotting Unique Customer Identification Code (UCIC) to all their customers while entering into any new relationships

Dynamic provisioning to kick in from June-end, says RBI

The move will impact the profitability of banks, especially the state-run banks which have higher NPA levels

RBI focus on consolidation, niche licence

Discussion paper on banking structure rejig by June-end