Page 716 - Finance News

Rate cut to politically benefit Modi govt by boosting economic growth: RSS

The central bank unexpectedly lowered interest rates and, as anticipated, shifted its stance to 'neutral' to boost a slowing economy after a sharp slide in the inflation rate

RBI's new market-friendly policy indicates there could be more cuts ahead

The decision to lower rates is surprising because the main factor which determines policy decision, i.e. CPI inflation potential remains unchanged

RBI eases norm for FPIs in corporate bonds by relaxing 20% exposure limit

FPIs had felt some restrictions were too onerous and difficult to monitor, and wanted these to be done away with

RBI MPC cuts Q4 retail inflation forecast to 2.8%, thanks to benign monsoon

RBI said the short-term outlook for food inflation appears particularly benign, despite adverse base effects

RBI cuts rate by 25 bps to 6.25%; changes stance to neutral: Full statement

The central bank also changed its monetary policy stance to 'neutral' from the earlier 'calibrated tightening', signalling further softening on its approach towards interest rates

RBI policy: Bankrupt companies can repay debt using foreign borrowings

The RBI press release said guidelines in this regard will be issued by the end of February 2019

MPC meet: RBI likely to drop hawkish bias, keep interest rates steady

Real interest rates in India are among the highest in Asia, and calls for the first cut in the policy rate since August 2017 have been growing

RBI monetary policy: Bond market awaits cues on liquidity support

Perception of comfortable liquidity is different for RBI and markets

Cabinet okays single regulator for international financial services centres

Need for a separate unified regulator arose after the existing regulators expressed concerns that transactions in GIFT City can have an impact on the domestic markets

Allahabad Bank posts net loss of Rs 733 core in Q3; NPA rises to 18%

The bank will seek further capital infusion from the government by March 2019

IDFC First Bank targets 5.5% NIM in 5-6 years on higher yield on loans

The retail loan portfolio, including SME credit, was over Rs 36,000 crore at end of Dec

New RBI norms on bank subsidiaries to overhaul equity holding structures

The move comes at a time when a host of state-run banks are set to jettison some of their non-banking ventures to raise capital

PNB aims to recover Rs 10,000 crore from bad loans in March quarter

During the nine months of FY19, the PNB's recoveries from bad loans stood at Rs 16,600 crore

Banks need Rs 20 trillion deposits for credit growth, may up rates: Report

The healthier private sector lenders will account for up to 60 per cent of the incremental deposit mobilisation, domestic ratings agency Crisil said in a report

Bank liable for unauthorised withdrawal even if no reply to SMS alert: HC

SMS alerts cannot be the basis to determine the liability of a customer, for there would be account holders who may not be in the habit of checking SMS alerts regularly, the Kerala High Court said

Madras HC allows ICICI Bank to recover Rs 221 cr from Subhiksha, guarantors

Confirming the order, V Suresh, counsel for ICICI Bank said that the court dismissed the revision petition and allowed the bank to recover Rs 221 crore, with interest from 2010

NITI V-C Rajiv Kumar calls on RBI to cut interest rates to fire up economy

'If you say there are job losses where is this growth coming from,' Kumar said in response to criticism about lack of generation of employment

RBI slaps fines on Axis, UCO and Syndicate over various compliance issues

Uco Bank was fined Rs 2 crore for non-compliance on account payee cheques

Banks yet to tag Rs 3.5-trn stressed corporate loans as NPAs, says report

Of the Rs 13.5-14 trillion stressed corporate loans, banks have recognised only Rs 10 trillion as of Sept 2018

Fraud-hit PNB bounces back into black with Rs 246-crore profit in Q3

Had suffered Rs 4,530-crore net loss in the second quarter of the current fiscal