Page 790 - Finance News

RBI policy: RBI hikes rate by 25 bps to 6.25%, but keeps neutral stance

RBI retained its GDP growth projection for 2018-19 at 7.4%

Full text of RBI Monetary policy: Repo rate hiked by 25 bps after 4 years

The six-member Monetary Policy Committee (MPC) kept its stance neutral, despite a repo rate increase

Unfair to blame RBI for missing forecast, says Chetan Ahya

He said that a big inflation uptick seems to be improbable

RBI monetary policy: Calm bond market suggests status quo on rates

There are many worrying factors such as oil prices, volatile currency, large-scale selling by foreign portfolio investors, falling reserves and inflationary expectations

Inflation's many fathers: Dollar movement may be most crucial one for Asia

In six out of 11 countries in the region, including China and South Korea, the exchange rate has a strong bearing on inflation

Retail credit now bigger market for banks and NBFCs than loans to industry

Total retail loans (outstanding) reached Rs 31 trillion at the end of March 2018, while bank credit to industry stood at Rs 27 trillion

Govt may need to infuse about Rs 600 bn in PCA banks to shore capital base

While huge net NPAs leave nothing on the table, other capital-raising options are not easy currently, say experts

Australia charges former heads of Citi, Deutsche Bank in a cartel case

Australia's banking industry, which thrived during the post-financial crisis years even as bankers elsewhere became symbols of destructive greed, has been convulsed in past months by public outrage

Emerging-market selloff may force RBI to hold interest rates in MPC meet

Indian rupee is down about 5% against the dollar this year and yields have spiked on government and corporate bonds

SFIO is highly understaffed with more than 50% of posts lying vacant

While 75 posts have been sanctioned for recruitment on deputation, only 25 are in place, while the remaining 50 remain vacant

State Bank of India to offload NPAs worth over Rs 13 billion

According to information document placed on SBI website, Ankit Metals and Power with an exposure of around Rs 6.9 billion, is the largest among them

Turnaround king: IDBI Bank's M K Jain named new RBI deputy governor

He is expected to be put in charge of banking supervision, among other duties

US Fed should slow its plans to shrink balance sheet, says Urjit Patel

The US Fed started slowing down on asset purchases starting October 2017

IOB looks at profit in Q4 FY19, NCLT recoveries to help improve profile

Indian Overseas Bank is currently under the Reserve Bank of India's Prompt Corrective Action framework

Par panel seeks road map on NPA, enquires about nepotism in ICICI Bank

Non-performing assets (NPAs) touched Rs 8.31 trillion at end-December 2017

Fitch downgrades PNB's viability rating two notches as key ratio plunges

Decline in bank's core capitalisation was due to sharp spike in bad loans, including $2.2 bn in fraudulent deals reported in Feb, and related increase in credit costs

M D Mallya the frontrunner to succeed Sharma as ICICI non-exec chairman

As the term of the current chairman M K Sharma is coming to an end so a new chairman has to be appointed

Banks hike lending rates ahead RBI Policy on strongest loan demand in 4 yrs

State Bank of India, ICICI Bank Ltd and Punjab National Bank are among the nation's biggest banks that increased their benchmark lending rates last week

IDBI Bank's M K Jain named RBI Dy Governor, fills space vacated by Mundra

Appointment is for three years; Jain has been on boards of Exim Bank, National Institute of Bank Management, among others

India has a $210 bn bad debt problem and offshore investors smell a chance

Foreign investors see the fledgling market as big opportunity