Page 734 - Finance News

Here's what Urjit had to say about inflation, repo rate after policy meet

Urjit Patel chose not to answer any question on RBI's relationship with the government

RBI may go back to 'neutral' stance in February meet, say experts

RBI said it was willing to reconsider its stance if there were favourable macroeconomic indicators

RBI to bring 'ombudsman scheme' to solve digital transaction complaints

The scheme will be notified by the end of January next year

NBFCs' asset growth to halve to 10% in H2FY19 on liquidity woes: Crisil

Crisil said while the liquidity issues are easing slowly, disbursements by NBFCs have gone down by 20-40%

RBI's status quo on expected lines, need to improve credit flow: India Inc

RBI kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise

Unchanged repo rate to boost sales, encourage home buyers: Realty sector

will reinforce the confidence of homebuyers and they will be encouraged to go ahead with their plans to buy house

No need for RBI to help NBFCs as a lender of last resort: Viral Acharya

The RBI has also augmented system-wide liquidity through various moves

RBI retains FY19 GDP projection at 7.4%; pegs Apr-Sept FY20 growth at 7.5%

India's economic growth fell to 7.1 per cent in the second quarter (July-September) of the current fiscal, from 8.2 per cent in the April-June period

MPC meet: RBI lowers retail inflation projection to 2.7-3.2% for H2FY19

In policy review in October, RBI had projected retail inflation to be around 3.9-4.5%

RBI monetary policy review: Repo rate unchanged at 6.50%, SLR lowered

SLR cut by 25 basis points to 19.25 per cent from January 1, 2019. The central bank also said that SLR would be reduced by 25 basis points every quarter

Ethiopian police take 3 IL&FS officials into custody over unpaid wages, tax

A source said IL&FS had 15 Indian employees in Ethiopia, seven of whom were being held captive by the local staff

Spurt in loan growth in Oct may not hold as it was led by lending to NBFCs

Surge in October driven by unsecured retail lending and to non-banking financial companies

Fusion Microfinance raises Rs 3 bn in fresh equity from Warburg, others

Fusion Microfinance is a rural MFI with a Pan-India presence through 500 branches across about 200 under-developed districts in 18 states of the country

YES Bank's asset management arm enters MF biz, gets Sebi nod for 2 schemes

The asset management company will launch two schemes -- YES Liquid Fund and YES Ultra Short Term Fund

Govt not to participate in LIC's open offer to buy 51% stake in IDBI Bank

In a letter to the bank, the Government of India has confirmed that it will not participate in the open offer made by LIC

Group-level resolution for crisis, debt unlikely: IL&FS board to NCLT

The board is engaging with financial and transaction advisors to assess the vertical and asset-level resolution options

Inflation data under scrutiny after RBI policy maker questions its efficacy

Ravindra Dholakia's questions the data at a time when inflation continues to undershoot the RBI's forecasts

India Ratings affirms Bank of Baroda at 'AAA' with a stable outlook

The lender continues to be among the better capitalised PSBs, with a common equity tier 1 of 9.05 per cent in the first half of the current fiscal, against 9.23% in FY18

Shift portfolio management operations to subsidiary, RBI tells SBI

SBI's subsidiary SBIFMPL is the fourth-largest asset manager in India and caters to HNIs along with domestic and offshore investors

ICICI Securities to deposit up to Rs 50k share sale amount in 30 minutes

The facility will be available on 600 select stocks on the BSE representing 99 per cent of market capitalisation