Page 3165 - Finance News
June qtr current account gap outside comfort zone: RBI
Fell to $16.55 bn in the June qtr, down from an all time high of $21.76 bn in March qtr
Rupee up 7 paise to 52.33/dollar
Sustained capital inflows from foreign funds into equity market boosted the rupee value
Goldman sees rupee at 51/dollar by Dec, fiscal end CAD at 3.5%
Cites recent reforms, global easing of liquidity
Tilak Raj Bajalia appointed as Deputy MD of SIDBI
Before this appointment, he was working with IDBI Bank, where he was the executive director
Markets watch out for RBI as rupee soars
Any dollar purchases by the central bank may spur similar action by the importers who are waiting on the sidelines for better rates
Rupee hits 5-month high with continuing rally in foreign inflows
Custodian banks were heavy buyers of rupees on behalf of foreign institutional investors
Federal Bank offers home loans at base rate
In the scheme which is valid till 18 October, the bank will offer home loans at 10.45% which is the banks base rate
Deposit growth of banks more impressive than credit growth
Bank deposits grew by Rs 61,701 cr in the period June 29 & September 21, 2012 while outstanding credit grew by Rs 5,642 crore in the same period
RBI aims to develop more efficient, integrated payment system
Though cheque is still a dominant mode of payment, its share has come down from 65% to 52% in volume terms
Manipal Global to return 72%+ for early investors
DeVry Inc from the US may be one of the possible investors
Overdue NPA provisions to hit banks hard in Q2
Many banks face erosion of entire quarterly profit as the Reserve Bank of India wants immediate cover for last year?s bad loans
Checks on rise in health insurance renewal premium in the pipeline
Irda to develop 10 standard products for immediate use, may issue IPO guidelines