Page 1465 - Finance News
RBI to lower key rate by 0.75% this fiscal: BofA ML
According to the global investment banking major, RBI will increasingly switch to supporting growth from exclusively fighting inflation
 "RBI to lower key rate by 0.75% this fiscal: BofA ML")
SBI wins National Award for implementation of PMEGP
Wins the award for fourth consecutive year
 "SBI wins National Award for implementation of PMEGP")
 "Durable inflows need of the hour")
 "Sahara assets: RBI asks banks to comply with Sebi order")
Most Basel members miss deadline for new rules to make banks safer
Delay underlines the banking supervision panel's lack of enforcement powers
Bank credit to industry up 14.7% in Feb
Credit to agriculture rose 18.4% in February, against 8% in February 2012
 "Bank credit to industry up 14.7% in Feb")
Price stability necessary for long-term growth: Subbarao
Added, India's growth story was robust and its growth drivers are all intact
 "Price stability necessary for long-term growth: Subbarao")
Bankers press for 50-bp CRR cut in May 3 policy review
Tell Reserve Bank of India brass this will help them reduce lending rates
 "Bankers press for 50-bp CRR cut in May 3 policy review")
Axis Bank raises select deposit rates by 30 bps
Move comes at a time when industry has been asking banks to lower their lending rates to revive investments
 "Axis Bank raises select deposit rates by 30 bps")
Banks move cautiously on financing diamond firms
Insist on early corporatisation, external credit rating of units
 "Banks move cautiously on financing diamond firms")
RBI to unveil Monetary Policy for 2013-14 on May 3
In its last policy review in March, RBI slashed short- term lending rate by 0.25 per cent to 7.5 per cent.
 "RBI to unveil Monetary Policy for 2013-14 on May 3")
Short-term rates ease as liquidity stays tight
Three-month certificates of deposit rate eases 75-80 basis points
 "Short-term rates ease as liquidity stays tight")
 "Insider trading cases at a top hedge fund")
HDFC expects 50-bp rate cut in 2013
However, it doesn't expect the RBI to cut rates in upcoming monetary policy review scheduled May 3
 "HDFC expects 50-bp rate cut in 2013")
Barclays told to rein in pay, tighten controls to repair reputation
While Barclays has cut overall remuneration levels, compensation for the top 70 executives was consistently above the average at other banks
Kingfisher lenders to keep selling USL shares
SBI decision follows favourable order from the Bombay High Court
 "Kingfisher lenders to keep selling USL shares")
Put Thorat panel norms on hold: NBFCs to tell RBI
Vehicle financing one of the major business NBFCs undertake
Year-end rush helps deposit growth pick up
Loan grew by 14.1% on year till 22 March; deposits 14.25%
 "Year-end rush helps deposit growth pick up")