Page 1458 - Finance News
Banks may be hit by gold crash, says India Ratings
The rating firm believes retailers like Gitanjali Gems, Tribhovandas Bhimji Zaveri, PC Jewellers and Titan, which usually lease gold, will be relatively unaffected by the sharp fall in bullion prices
 "Banks may be hit by gold crash, says India Ratings")
RBI audit report finds aberrations in ICICI, HDFC, Axis: Takru
The banking secretary said that he has received RBI's interim audit report on the allegations levelled in the sting operation by news portal Cobrapost
 "RBI audit report finds aberrations in ICICI, HDFC, Axis: Takru")
Indian banks' overseas workforce expands
However, foreign banks cut jobs in India
 "Indian banks' overseas workforce expands")
'Falling gold, oil prices to help RBI cut rates aggressively'
A falling commodity price environment could trigger much faster RBI rate cuts than consensus
Federal Bank launches Rupay brand debit card
Rupay is the card scheme launched by the National Payment Corporation of India
 "Federal Bank launches Rupay brand debit card")
'Quantitative capital controls more effective in short term'
But RBI Governor Subbarao says such limits can also be distorting, inefficient and inequitable
 "'Quantitative capital controls more effective in short term'")
Central bank stimulus under the spotlight at IMF, G20
Japan's stimulus to dominate discussions on world economy, especially the repercussions on asset prices and risks of stoking speculative buying
Swap rate at 27-month low as crude oil eases
Anticipated fall in global commodity prices, slowing inflation will give RBI room to cut borrowing costs
YES Bank Q4 net up 33%
Strong growth in low cost deposits led net interest margins to expand 20 basis points to three per cent, on year-on-year basis
 "YES Bank Q4 net up 33%")
Banks see year-end surge in credit, deposit
Disbursed fresh credit of Rs 83,500 cr in the fortnight ended April 5
 "Banks see year-end surge in credit, deposit")
Optimism on fall in crude, gold prices
RBI may get comfort in cutting interest rates further
 "Optimism on fall in crude, gold prices")
Subbarao on IMF tailoring advice
The RBI chief believes that the IMF needs to be more consultative
 "Subbarao on IMF tailoring advice")
ICICI Bank plans unsecured loan growth in a measured way
The bank has started expanding its credit card base after four years
 "ICICI Bank plans unsecured loan growth in a measured way")
Banking Secy to meet RBI Dy Governor today
Will take a call on course of action with regard to allegations of money laundering by staffers of three private sector banks
 "Banking Secy to meet RBI Dy Governor today")
RBI: Corp sales growth at lowest level post crisis
Sales growth in Q3 FY13 was 9.2% to Rs 7.5 lakh cr, as compared to 19.2% in the same period of the previous year
 "RBI: Corp sales growth at lowest level post crisis")
Banks may raise margin requirement for gold loans
Banks have started reviewing the margin after a sharp fall in gold prices
 "Banks may raise margin requirement for gold loans")
Govt banks may switch from gross salary to CTC for pay hike
Concessional rates of interest on loans, employer's share in provident fund may become part of CTC
 "Govt banks may switch from gross salary to CTC for pay hike")
IDFs can extend schemes' tenure by up to 2-yr: Sebi
The IDFs can also invest funds collected for their schemes in bonds of public financial institutions and infrastructure finance companies.
 "IDFs can extend schemes' tenure by up to 2-yr: Sebi")
Gold price fall to hit banks, NBFCs: India Ratings
It however said that the impact of a sharp fall in gold prices in the last few weeks could be absorbed by high profitability
 "Gold price fall to hit banks, NBFCs: India Ratings")