Page 1473 - Finance News

RBI revises rating symbol of Fitch on name change

For example, Fitch AA will now be known as IND AA

Bihar government revokes ban on private banks

Last year the state govt decided not to keep its money in any pvt banks, due to poor cash deposit ratio of these banks

FM wants RBI to start working on licences to new banks

Asks apex bank to finalise norms for granting licenses, accept applications from interested parties

Cabinet note on Credit Guarantee Scheme in 7-10 days: FM

This will give great comfort to the banks and we hope that the bank lending to the education loan segment will improve significantly

Govt to finalise fund infusion for PSU banks soon

Last week, Finance Minister P Chidambaram had said that most banks would require additional capital

Banking consolidation is inevitable: FM

Says banks should not be clone of each other finmin won¿t impose uniformity ¿

BANCON 2012: FM nudges RBI on banking licences again

Asserts apex bank is adequately empowered, is sure Banking Regulation Act will be passed soon

PSBs sore over FM push for IBA chief from pvt banks

Typically, the IBA chairman is chosen from public sector banks as they have majority in the bank body

Rights issue on cards for public sector banks

UCO Bank may go for rights issue of up to Rs 1,800 crore by the end of this financial year

S&P lowers credit profile of SBI, Union Bank on asset quality concerns

Expects asset quality to remain low, credit cost to stay high

Fiscal slippage likely despite reforms: RBI

Concerns on fiscal deficit limited bond gains

RBI cuts FY13 GDP growth forecast to 5.7% vs 6.5%

Predicts inflation at 7.7% versus 7.3% earlier

RBI cuts GDP forecast to 5.8% for FY13

Global risks have increased further and domestic risks have become accentuated by halted investment demand: Subbarao

RBI ups March-end inflation projection to 7.5% from 7%

Geopolitical developments could further flare up prices and induce inflationary pressure

Montek on RBI policy: Growth should be higher on agenda

Hopes the CRR cut would moderate pressure on interest rates

Industry disappointed with RBI not changing policy rates

RBI today cut CRR by 25 bps, thereby infusing Rs 17,500 cr into the markets

Chidambaram not enthused by RBI's stance

Upset over RBI's decision to leave interest rates unchanged on inflation concerns despite govt unveiling 5-yr fiscal consolidation road map

More CRR cuts, OMOs depend on liquidity crunch: Gokarn

The central bank uses OMOs to tide over short-term deficit, but prefers CRR cuts if the deficit persists longer

No information dissemination before annual policy in May: Subbarao

In the mid-quarter policy review RBI cut repo rate by 25 bps, left CRR unchanged at 4%

RBI's ECB relaxation a shot in the arm for India Inc

Volatile rupee movements is eroding the benefits companies may get from sourcing cheaper loans from offshore