Page 876 - Finance News
After Bajaj Fin buys 11% stake for $33 mn, MobiKwik aims to raise $120 mn
The mobile payments wallet company wants to go deep into the financial services sector
 "After Bajaj Fin buys 11% stake for $33 mn, MobiKwik aims to raise $120 mn")
Jaitley defends SBI decision to cut interest rate of savings account
High interest rate on savings and fix deposits was during a time when inflation was 10-11%
Bankers cautious on new benchmark move
It will improve transparency and provide same set of benchmarks for financial sector and real sector
 "Bankers cautious on new benchmark move")
FPI limit in interest rate futures may revive segment
The RBI did not specify if the limit would be a temporary arrangement
 "FPI limit in interest rate futures may revive segment")
Debtors can't be allowed to paralyse banking system, says Arun Jaitley
Mostly, companies themselves have filed petitions to restructure themselves
 "Debtors can't be allowed to paralyse banking system, says Arun Jaitley")
Banking stocks trigger fall in markets
The slide in banking stocks came a day after the Reserve Bank of India (RBI) policy meeting
 "Banking stocks trigger fall in markets")
Bad loans: RBI to take up more cases, says Jaitley
Jaitley said RBI already had identified top 12 loan defaulters
 "Bad loans: RBI to take up more cases, says Jaitley")
SBI plans to raise Rs 2,000 crore via Basel-III bonds
Bonds will carry a coupon rate of 8.15% pa call option after 5 yrs or anniversary date thereafter
 "SBI plans to raise Rs 2,000 crore via Basel-III bonds")
RBI is the first central bank in Asia to cut interest rates this year
The rate cut is the RBI's first since one of the same size in October
 "RBI is the first central bank in Asia to cut interest rates this year")
Bajaj Finance to buy 11% stake in MobiKwik for Rs 225 cr
E-payments in India surged after the country banned old, high-value currency notes late last year
 "Bajaj Finance to buy 11% stake in MobiKwik for Rs 225 cr")
RBI rate cut fails to cheer market
The Bank Nifty index, a gauge for the performance of banking stocks, fell 0.3%
 "RBI rate cut fails to cheer market")
RBI cuts rates to 6%, but cautiously
Reverse repo now 5.75%; maintains neutral monetary stance
 "RBI cuts rates to 6%, but cautiously")
Corporate India says rate cut not enough
On the infrastructure front, executives said capacity building would not be affected in near term
 "Corporate India says rate cut not enough")
RBI policy review: Two dissenters at August MPC meet
Here is a closer look at Michael Patra and Ravindra Dholakia's past views
 "RBI policy review: Two dissenters at August MPC meet")
RBI monetary policy focuses on rate transmission: Here are the highlights
The decision of the monetary policy committee is consistent with the neutral stance
 "RBI monetary policy focuses on rate transmission: Here are the highlights")
PNB Q1 net up 12% at Rs 343 cr; NPAs rise on farm loan waiver
Gross NPAs stood at 13.66% in April-June period
 "PNB Q1 net up 12% at Rs 343 cr; NPAs rise on farm loan waiver")
Rupee scales two-year peak of 63.7 vs dollar
Generally, when there is a rate cut, the local currency should depreciate
 "Rupee scales two-year peak of 63.7 vs dollar")
RBI Policy review: Another 25-bp cut looks likely
Another 25 bps cut looks likely on the cards in the second half of the year.
 "RBI Policy review: Another 25-bp cut looks likely")
The stance is exactly where it should be: RBI
RBI governor and deputy governor on RBI rate cut policy
 "The stance is exactly where it should be: RBI")
RBI could have done more to boost property market, say developers
Sales and new launches have declined as developers have been focusing on complying with Rera
 "RBI could have done more to boost property market, say developers")