Page 1578 - Finance News
Deutsche Bank sees 25 basis point rate cut next week
However if CAD, inflationary pressure do not abate, research raises concern on future rate cuts
 "Deutsche Bank sees 25 basis point rate cut next week")
Banks advised to issue debit, credit cards with photo
Banks have been advised by RBI to also consider cards with PIN and signature laminated cards or any other advanced methods
 "Banks advised to issue debit, credit cards with photo")
SBI sponsored rural bank opens 135 ultra small branches on a single day
With this, total tally of the bank USBs will cross 400 mark in the current fiscal
 "SBI sponsored rural bank opens 135 ultra small branches on a single day")
Top banks come under black money cloud
Staff caught on camera offering money-laundering solutions in Cobrapost sting; ICICI, HDFC Bank and Axis Bank initiate inquiries; FM steps in to stem panic
 "Top banks come under black money cloud")
Bank borrowing zooms to Rs 1,35,000 cr
This may nudge RBI to cut CRR by 25 bps on Mar 19 to release funds, dealers say
 "Bank borrowing zooms to Rs 1,35,000 cr")
Govt probing money laundering accusations
Goldman Sachs, meanwhile, said the allegations, if proven, could slow growth for private sector lenders in India
 "Govt probing money laundering accusations")
Wholesale inflation up in Feb on higher fuel cost
Economists still expect 25-bp repo rate cut, as core inflation eases to below 4%
 "Wholesale inflation up in Feb on higher fuel cost")
Severe action will follow if there are violations: Takru
The online magazine alleges its investigation reveals three private sector banks are involved in money laundering
 "Severe action will follow if there are violations: Takru")
 "Banking on fees")
 "Bank of India's foreign bond issue subscribed 5 times")
AC cabs, foreign trip offer...
Lenders in year-end rush for deposits
 "AC cabs, foreign trip offer...")
Private banks in fire-fighting mode after allegations of money laundering
Reserve Bank of India asks ICICI Bank, HDFC Bank and Axis Bank for details
 "Private banks in fire-fighting mode after allegations of money laundering")
CRISIL expects RBI to cut repo rate by 25 basis points
The Reserve Bank of India slated for Monetary Policy review on March 19
 "CRISIL expects RBI to cut repo rate by 25 basis points")
Bearish positions reverse bank share slide
Shares recoup early losses and end higher on short covering; opinion divided on likely trigger
 "Bearish positions reverse bank share slide")
 "IOB to open regional office at Sambalpur")
Union Bank expects open market operations to ease liquidity
Mindful of overall cost of funds to maintain net interest margin at 3% current year, the bank not going after short-term measures
 "Union Bank expects open market operations to ease liquidity")
Top banks probing money laundering accusations
Independent investigative journalist, Aniruddha Bahal, made the accusations in a news conference televised by a local TV station in the morning
Finance ministry swings into action on money laundering issue
Laundering charges a serious matter, says Banking secretary
 "Finance ministry swings into action on money laundering issue")