RBI deputy governor warns of inflation risks, says pressure is from food prices, fall in the rupee?s exchange rate, and from the fiscal side
FinMin tells public sector banks to go for full risk pricing, taking credit rating into account, before deciding interest rate
Shareholders were not told about the looming losses, which would prompt a second taxpayer bailout of $20 bn
Dollar selling by exporters, higher opening in equity market supported the rupee
Provision must by January 2013 under Basel-III, notes CARE, pointing to P&L implications now
But economists sound caution as inflation pressure remains
K C Chakrabarty questions wisdom in hiring from top B-schools
Influenced by higher opening on stock market amid selling of dollar by exporters
Rules changed to ensure this after lenders turn cautious on credit disbursals, fearing sole responsibility for NPAs