Page 3127 - Finance News
Burmans pick up strategic stake in DMI Finance
At present, DMI's loan book stands at Rs 500 cr, most of it loans to real estate firms
ECB holds rates on stabilisation signs
Negative deposit rates could deal a hefty blow to money market funds, which have already seen cash outflows since the ECB cut the deposit rate to zero in July
After two years, worst is over for rating downgrades
However, rating agencies say shift to upgrades would be gradual
Credit growth surge in last fortnight of Dec
Credit-deposit gap widens, almost 400 basis points now
What are Basel banking norms?
Primer on basel banking norms
BoB profits to feel pressure on higher credit costs
The bank's profitability is contracting slowly
Rupee trims initial gains, up 2 paise at 54.74/dollar
Persistent capital inflows from foreign funds into the equity market helps rupee
CAG finds flaws in implementation of debt-waiver scheme
RBI said it was taking action on the advice of Finance Ministry and has asked banks to complete this exercise within a month
Bankers to seek RBI nod for paying interest on current accounts
Current account deposits stand at 9.85% of the total bank deposits
CAG comes down heavily on banks for lapses, falsification in loan waiver
Gives detailed report RBI tells banks to fix responsibility in a month, file FIRs if needed
RBI introduces $-Re swap
RBI,foreign currency,export sector,dollar-rupee swap facility