Page 862 - Finance News

Bankers not enthused by new price formula for lending rate

External benchmark could lead to extreme volatility in the interest rate process, say lenders

RBI panel pushes new rules so lenders pass on rate cuts more quickly

Currently, banks can use multiple market rates and each one is free to set its own benchmark

RBI pauses, revises growth forecast down sharply

Central bank warned the govt saying it should not be too ambitious with its fiscal stimulus package

Tackling bad debts is priority, says SBI's incoming head Rajnish Kumar

He also assured that the asset quality numbers would look much better than in the past

RBI removes walls between e-wallets, soon a Paytm user can transact with a MobiKwik user

Inter-operability to help players increase business

RBI norms for NBFCs: Peer-to-peer lending restricted to 36 months or less

Aggregate exposure restricted to Rs 10 lakh for both lenders and borrowers

Good news for consumers: New benchmark may get you better loan rates

Move will help consumers compare loans fairly

Consumer credit strong, says SBI's incoming boss Rajnish Kumar

According to Kumar, consumer confidence and the consumer finance story remain intact

Rajnish Kumar to be new SBI chairman

Kumar is at present one of the four managing directors at SBI, looking after the National Banking Group

Fiscal actions shouldn't undercut macroeconomic stability: RBI MPC

Interview with Urjit Patel and other top officials

MPC maintains status quo to guard against looming inflation risks: Expert

The MPC revised its inflation projection for H2 FY2018 to 4.2-4.6%, including the impact of the revision in house rent allowance

Data-dependent RBI remains on hold with a neutral stance: Expert

Clearly, RBI does not want to act in a knee-jerk manner in response to the sub-6% GDP out-turn in April-June

Fresh investments to remain muted as slowdown continues

Conserving cash new India Inc mantra

Forex, G-sec buying to be made easier for retail clients

Banks would be allowed to charge customers a 'pre-agreed flat fee' towards administrative expenses

RBI wants states' fiscal condition to set loan price

Issuance to happen every week rather than every alternate week to avoid bunching up

ICICI Bank raises Rs 475 cr via bonds

The bonds will carry a coupon rate of 8.55% per annum

Rajnish Kumar to succeed Arundhati Bhattacharya as SBI chairman

Govt names Kumar as the new SBI chairman for a three-year term

RBI raises inflation projection to 4.2-4.6% for H2 2017-18

RBI in its previous MPC in August has projected the CPI based retail to be range of 4-4.5% during second half of 2017-18

Small finance banks on deposit mobilisation spree on 1st year of operation

SFBs offering up to 100-150 basis points higher interest rate on term deposits over market rates

You might get the right loan as RBI moots external benchmark for lending

As of now, banks set lending rates based on marginal cost of lending rate formula, which RBI feels has not delivered effective transmission of monetary policy