Page 756 - Finance News

NBFCs slip as RBI plans to strengthen norms; Edelweiss Financial cracks 13%

The RBI will tighten norms for NBFCs given that many are becoming systemically important

IL&FS effect: Tighter regulations may force smaller NBFCs to shut

A spate of money market defaults by IL&FS has put the spotlight on non-bank finance companies

IPOs, FPOs, ESoPs exempted from STT for availing of concessional 10% LTCG

Also, the off-market transactions undertaken by non-residents in line with FDI guidelines, qualified institutional buyers, venture capitalist without payment of STT too could avail the 10% LTCG rate

Amalgamation not on cards, focus on internal consolidation, says PNB MD

'Right now we are focussed on internal consolidation and we are not aspiring for any inorganic expansion'

Govt may be forced to defer Axis Bank stake sale due to weak stock market

The government holds a 9.6 per cent stake in Axis Bank through state-owned entity Specified Undertaking of Unit Trust of India

Indian Bank revises interest rates on FCNR(B) at 3.68% for one-year deposit

For deposits of up to five years, interest rates are 4% as compared to 3.93%

Amid trade war, surging oil headwinds, record-low rupee doesn't scare RBI

The monetary policy committee led by Governor Urjit Patel voted 5-1 to leave the repurchase rate at 6.5 per cent on Friday

Saving the 'Titanic': Govt says took over IL&FS to stop catastrophic damage

The rescue was critical for PM Modi, who can ill afford a financial crisis months before he faces voters at the next election

Govt seeks immunity for new IL&FS board from civil, criminal proceedings

Officials say while the govt will take to task anyone guilty of bringing the company to this state, it will also ensure that there is no liquidity crisis

YES Bank names experts to look for new managing director; stock falls 4.16%

Bank's stock has been falling drastically over uncertainty regarding its succession plan

RBI's comfort with rupee fall shows it's a flexible inflation targeter now

Barring unforeseen developments, we may not see the next rate hike before February 2020

Govt appoints former Canara Bank MD Rakesh Sharma as head of IDBI Bank

This comes after the tenure of B Sriram who was appointed as the chief executive of IDBI Bank for three months ended in September 2018

RBI assails NBFCs for sole reliance on short-term funds, terms it myopic

The comments come in the light of the massive crisis at the infra lender IL&FS, where government has been forced to replace the board to salvage the situation

RBI decision to keep rates intact risky move, to cause pain for Re: Bankers

The central bank left the repo rate at 6.50 per cent but changed the policy stance to a calibrated tightening from neutral in earlier

OP Bhatt, TS Vijayan on panel to pick YES Bank head Rana Kapoor's successor

In the face of RBI's action, the bank had said that it will be seeking an 8-month extension beyond the curtailed down period till Jan 31, 2019, for Kapoor

Former Canara Bank chief Rakesh Sharma named CEO of IDBI Bank for 6 months

Sharma retired from as CEO of Canara Bank in July 2018; he replaces B Sriram, who headed IDBI Bank until September this year

RBI surprises with status quo on key rates, less concern on currency

Docile food inflation would mean that the MSP has not worked and this is where the irony lies

Monetary policy: Repo rate unchanged, RBI explains why; top highlights

The Monetary Policy Committee voted 5:1 in favour of the state quo on rates.

Pushed to the wall, Kochhar finally throws in the towel, quits ICICI Bank

Kochhar got several awards as a leading banker and business leader in India and made it to several global lists including Time Magazine's 2015 list of 100 Most Influential People in the world

Monetary policy: Equity investors expect RBI to remain hawkish, hike rate

The S&P BSE Sensex Index has tumbled 9.6% since reaching a record in August