Page 1577 - Finance News
RBI policy key for stock markets this week: analysts
Looking at the upcoming monetary policy, a 25 bps may not surprise he market, while a 50 bps may infuse a new lease into bulls
 "RBI policy key for stock markets this week: analysts")
RBI may cut repo 25 bps, but will stay cautious on inflation
This week, bond yields are expected to soften while the rupee could strengthen
 "RBI may cut repo 25 bps, but will stay cautious on inflation")
Pressure mounts on RBI to cut rate to boost growth
Chidambaram hopeful RBI would address liquidity issues; SBI chairman calls for a 0.5% interest rate cut
 "Pressure mounts on RBI to cut rate to boost growth")
Conflicting signals on rate cut: who's saying what
There seems to be no consensus among the pundits on what RBI governor will announce at the policy review on March 19
 "Conflicting signals on rate cut: who's saying what")
 "Asset quality pressures, strict regulatory norms set to hit banks' profitability: Survey")
HSBC says ready to follow RBI norms
Comments come amidst reports that RBI would be insisting on foreign banks to operate as subsidiaries
 "HSBC says ready to follow RBI norms")
Subsidiary route: HSBC says it's ready to follow RBI norms
The comments come in the wake of recent reports that RBI had firmed up its mind on the way forward for foreign banks
Chidambaram to meet heads of PSU banks tomorrow
The broad agenda of the meeting include direct benefit transfer, deteriorating asset quality and credit growth
 "Chidambaram to meet heads of PSU banks tomorrow")
SBI to open 1,200 branches, 8 overseas offices next fiscal
Plans are afoot to open two branches each in Bangladesh, UK, and one each in China, Neatherlands, South Korea, Sri Lanka
 "SBI to open 1,200 branches, 8 overseas offices next fiscal")
RBI likely to cut key policy rates by 0.25% on Mar 19: experts
Narrower Feb tarde deficit, adherence to fiscal deficit target in FY13, slow GDP growtt, fall in core inflation to below 4% for the fist time since Apr 2010
 "RBI likely to cut key policy rates by 0.25% on Mar 19: experts")
China central bank head to spur reforms via tough waters
Zhou Xiaochuan reappointed central bank chief
HDFC Bank appoints Deloitte for forensic probe into allegations
After Cobrapost sting, RBI has asked the three banks - HDFC Bank, ICICI Bank and Axis Bank - to submit details of their findings
 "HDFC Bank appoints Deloitte for forensic probe into allegations")
Pvt banks may be brought under financial inclusion
Unbanked villages scheduled to be covered beyond 2015 will now have to be covered by March 2013
 "Pvt banks may be brought under financial inclusion")
ICICI suspends 18; Axis removes tainted staff from key roles
Other private lenders warn staff of zero tolerance
 "ICICI suspends 18; Axis removes tainted staff from key roles")
Borrowings by banks under LAF to remain high
The situation is expected to improve once government starts spending
 "Borrowings by banks under LAF to remain high")
 "Home loans see near-flat growth in April-January")
Black money exposé hits private bank stocks
ICICI Bank fell 3.9%, HDFC Bank declined 1.1% and Axis Bank dropped 0.90% on Friday
 "Black money exposé hits private bank stocks")
AP grameena bank opens 135 ultra small branches in a day
The bank is also planning to install ATMs at all its branches during the next fiscal
 "AP grameena bank opens 135 ultra small branches in a day")
Black money: pvt banks warn staff of zero tolerance
ICICI Bank reiterated it had been; would conduct its business adhering to high standards of compliance to law, regulations
 "Black money: pvt banks warn staff of zero tolerance")