Page 3264 - Finance News
RBI cracks down on exporters & banks, rupee sees sharp rebound
Warns of severe penal action for violation of dollar-holding norms
Rupee down 12 paise at 55.77 a dollar, touches 56.07
Decline partly triggered by dollar becoming stronger against other global currencies in overseas forex markets
Rupee likely to rise to 52/dollar in 6 mths: BarCap
Barclays expects RBI to eventually float dollar-denominated bonds through state-run banks
Rupee recovers from day's low, at 55.41
Some selling from foreign banks on likely custodian flows also seen
SBI Cards to focus growth in tier 2 and 3 centres
Tier 2, 3 cities to occpy 20% of total cards over next 3 years
Rs recovers for 2nd day, still shaky
RBI intervenes near day?s low Subbarao meets prime minister
Newgen banks gain market share on higher rates
Their incremental savings account deposit market share has grown four-fold in the previous fiscal
Banks may lower deposit rates as inflation eases: Report
Further, with Basel-III making capital requirements stricter, banks may continue focusing on margins rather than balance sheet growth
Rupee strengthens to 55.05/dollar
Up 32 paise in early trade, steps by RBI come into play
Rupee up 21 paise at 55.17/dollar
Fails to maintain early gains due to month-end dollar demand from importers
Rupee fall won't hurt India's ratings: Moody's
As only 7% of total government debt is placed overseas
Sundaram Finance reports 38% jump in net profit in FY12
Dividend of Rs 8 recommended, up by Re 1 from previous year
RBI eases banks' term deposit restrictions
Banks can formulate their own interest rate policies on foreclosure of term deposits for better asset-liability management
ICICI Bank is now top arranger of bond issues
Helped India Inc collect almost half of funds raised locally in FY12
Re fall has minor impact on India's rating, says Moody's
Currency gains for third session in a row to close at 55.19