Page 3176 - Finance News
Corp Bank seeks RBI nod to open branches in Dubai, Hong Kong
Currently, Corporation Bank does not have any branch abroad
UBS plans to cut up to 10,000 jobs
Fixed income unit to be separated, wound down cuts would follow more than 3,500 already announced
Bankers want RBI to focus more on growth in review
The Reserve Bank's second quarter monetary policy review is scheduled for October 30
Market would prefer a CRR cut
Favours this to action on policy rates, given tight liquidity, says this is likely to lead to less borrowing cost
Rupee down 24 paise to 53.80/dollar
Euro's weakness against dollar overseas on euro zone concerns put pressure on the local unit
RBI hints at rate cuts in its report
Says as risks from inflation and twin deficits recede, monetary policy could respond effectively to growth concerns
IOB steeply pares credit growth target to 16-18%
The lender also reported a steep dip in the September quarter net to Rs 158.43 crore from Rs 207.46 crore a year ago
Rupee up 21 paise to 53.87/dollar
Local unit recovered initial losses and rose to 53.86 before quoting at 53.87 at 1040 hrs on selling of dollars by banks
BSE Bankex tanks on uncertainty over easing of inflation, policy rate cuts
Rate cuts by banks may not happen immediately as there will be higher demand for money due to festive season
Central Bank eyes Rs 4,000 cr biz from home loans in 5 months
Will take its realty exhibition to 100 cities by March 2013
RBI cuts CRR by 25 bps, leaves rates unchanged
CRR cut to release Rs 17,500 crore in liquidity
Feature: Stock market fixation to interest rates overdone
Reducing interest rates would not have made banks bolder, only a pick-up in investing activity would prompt them to start lending again
RBI monetary stance aimed to reinforce govt policy: Subbarao
Says it is important not to lose sight of the primary objective of managing inflation and inflation expectations