The rates on short-term debt instruments like certificates of deposits (CDs) and commercial papers (CPs) have fallen by 25-30 basis points across tenures, as markets expect reduction in policy rate this month.

Short-term rates fall on hopes of rate cut

Business Standard

The National Bank for Agriculture and Rural Development (Nabard) expects to expand its balance sheet by Rs 30,000 crore in 2012-13 on a pick-up in agriculture activity. It has sought Rs 5,000 crore more capital from the central government to support growth.

Nabard to grow balance sheet by 14%

Banks have logged growth of 24.6 per cent in credit flow to the MSME (micro, small &amp; medium enterprises) sector in 2011-12. Total advances to the sector stood at Rs 2,812.5 crore in last year. The share of advances to small enterprises in the MSME segment was the highest at Rs 1,322.9 crore made available through 4,972 accounts. Credit to micro and small units stood at Rs 1,101.1 crore and Rs 388.5 crore respectively, according to latest data compiled by State Level Bankers' Committee.

MSME credit flow grows 25%

The Reserve Bank today said it has cut down the threshold limit in Real Time Gross Settlement System transactions to Rs 1 lakh from existing Rs 2 lakh until June 9, 2012 due to some technical issues.

RBI cuts RTGS deals threshold to Rs 1 lakh till tomorrow

Press Trust of India

Bankers today said they expect the Reserve Bank to cut its key rates by 0.25% at the forthcoming mid-quarter review given the present need to boost growth.

Bankers see 0.25% reduction in repo rate on June 18

The rupee today closed down by as much as 48 paise at 55.42 against dollar amid spurt in demand for the US currency after Fitch's downgrade of Spain worsened the eurozone crisis.

Rupee down 48 paise vs dollar

Banks must assign unique customer identification codes to their new as well as existing clients by May 31, 2013, the Reserve Bank of India said in a notification on Friday. The unique identification code will help in stronger enforcement of know-your-customer norms, and aid banks in identifying customers, tracking the facilities availed, etc.

RBI to banks on unique ID codes

The Reserve Bank of India (RBI) on Friday raised the limit on the number of foreign remittances an individual can receive from 12 to 30 per calendar year. However, the cap on the amount of each transaction has been kept unchanged at $2,500 per person.

RBI ups limit on inward remittances

Seeking top priority for economic growth, chief economic advisor Kaushik Basu today said the Reserve Bank of India (RBI) should cut the key interest rate further to give a push to sagging growth this financial year.

'Rate cut will boost growth'

The Reserve Bank of India (RBI) today announced an auction under open market operations (OMOs) to purchase Rs 12,000 crore of government bonds on Tuesday. No OMOs were conducted this week.

RBI to infuse Rs 12k cr next week

A senior official of the Reserve Bank of India (RBI) today said tight monetary policy alone was not responsible for the slowing of economic growth, though it might be a contributing factor.

Impact of high rates on growth being overplayed, says RBI

With improvement in liquidity and some dip in cost of funds, interest rates on home loans may decline by 25-50 basis points, said National Housing Bank (NHB) Chairman R V Verma. &ldquo;There is no upward pressure and we expect rates to soften in future. Liquidity has improved in the market. The extent of revision in lending rates will depend on how much cost of funds come down,&rdquo; Verma told reporters on the sidelines of a summit organised by SKOCH.

Home loan rates may ease: NHB

Markets have been trading on a cautious note ahead of the crucial Greek elections. At the domestic level, market participants are also keeping a tab on the rupee and what could be the Reserve Bank of India (RBI)&rsquo;s next move at its upcoming policy review. In an interview with Jinsy Mathew, Destimoney Securities&rsquo; Chief Executive Officer and Managing Director, Sudip Bandyopadhyay, shares his outlook n the markets and the sectors that look attractive in the current scenario.

Rupee shouldn't depreciate further beyond 56-57 against the US dollar: Sudip Bandyopadhyay

Treasury yields had the biggest weekly increase in almost three months as bets European leaders may make progress stemming their debt crisis damped haven demand and the US prepared to sell $66 billion of notes and bonds.

Treasury yields climb most in 3 months on Europe outlook 

Spain may today move closer to becoming the fourth euro-area nation to receive aid, as the International Monetary Fund said the country's banks need at least euro 37 billion ($46 billion) to bear a weaker economy.

Spain aid request awaited, IMF says banks need $46 bn 

Chennai-based Repco Bank, a co-operative bank under the Union Ministry of Home, is waiting for the Reserve Bank of India (RBI) to come up with licensing policy, to join the group of commercial banks in the country. The bank is expecting an infusion of around Rs 100 crore in the next three years, to double its business from the present Rs 7,061 crore to Rs 15,000 crore by 2014-15, said a senior executive from the bank.

Repco Bank looks at RBI policy to operate as commercial bank

Stepping in to support the CKP Cooperative Bank, Maharashtra Urban Co-op Banks&rsquo; Federation (MUCBF) has appealed the bank's depositors not to withdraw their deposits, else a moratorium from the RBI was imminent.

MUCBF appeals CKP coop Bank depositors not to withdraw funds to avoid RBI action

Europe may have sidestepped its latest catastrophe, at least for the moment, by hammering out a euro 100-billion bailout plan for Spain&rsquo;s failing banks over the weekend.

Borrowing by banks plagues Europe

Bank of India and Export Import Bank of India (Exim Bank) plan to establish presence in Myanmar through branches and representative offices, to push Indian investments and support growth in bilateral trade.

Bank of India, Exim Bank look at Myanmar 

Yields on government bonds may ease as the Reserve Bank of India (RBI) will purchase Rs 12,000 crore worth of securities under Open Market Operations (OMOs) on Tuesday.

Yields seen down as RBI goes for open market operations

The rupee surrendered early gains but was still trading with a gain of 12 paise at 55.30 against the American currency.

Rupee eases, still up at 55.30/dollar

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