Page 3158 - Finance News
Rupee trims early gains, at 54.89/dollar
Persistent selling of dollars by banks and exporters in view of lower dollar in the overseas market mainly boosted the rupee value against the dollar
HDFC Bank launches mobile banking in Hindi
There are around 565 million Hindi-speaking population in the country
No move to give SLR status to corporate bonds: RBI
Under the statutory liquidity ratio, banks have to invest part of their deposits in govt bonds or instruments approved by RBI
RBI harmonies definition for Infrastructure lending
Exposure to projects included under old definition but are excluded from the definition will continue to gt benefits till completion of projects
Banks don't need RBI nod to open offices in Tier-1 cities
Currently, banks are allowed to open administrative offices in Tier-II to Tier-VI cities without seeking RBI permission
No SLR status for corporate bonds: RBI
Analysts say with high fiscal deficit and govt borrowing, time not right for such a move
Dhanlaxmi Bank continues to see senior-level exits
The All India Bank Officers' Confederation had accused the bank of window dressing its accounts to show inflated profits
Crisis of confidence hits banks, borrowers
Bankers say capital not an issue corporate lending is dry due to high interest rates and supply bottlenecks
Rupee down 24 paise, at 55.34/dollar
Strengthening of the American currency overseas and increased dollar demand weighs on rupee
RBI to be cautious in reducing interest rates: Chakrabarty
Chakrabarty said core inflation must be reduced to 1 per cent which will reduce down the cost of borrowings and expand the manufacturing sector
Rupee lower by 2 paise at 55.12 against dollar
It fell to a low of 55.37 in the late morning session due to dollar demand from importers
Inward remmitances estimated at $75 bn in 2012
High remmitance attributed to festive season, rupee depreciation
RBI overplaying inflation, says Jagdish Bhagwati
The noted economist says the central bank should now start focusing on growth
Banks to face penalty for violating info sharing norms
RBI has asked banks to develop a proper information sharing mechanism in the wake to sharp increase in NPAs