Page 893 - Finance News
United Bank of India to cut NPAs by 10% every year
UBI is adequately capitalised as of now and this obviates the need for fresh capital infusion
 "United Bank of India to cut NPAs by 10% every year")
Despite low inflation, RBI unlikely to tweak rates in FY18: Nomura
The central bank wanted to be surer that inflation will stay subdued: RBI Governor Urjit Patel
Big Indian state banks need up to Rs 95,000 crore capital by March 2019
Weak capitalisation levels will remain a key credit weakness for the 11 banks
 "Big Indian state banks need up to Rs 95,000 crore capital by March 2019")
Lakshmi Vilas Bank appoints B K Manjunath as part-time chairman for 3 years
Manjunath is a member of Institute of Chartered Accountants of India
 "Lakshmi Vilas Bank appoints B K Manjunath as part-time chairman for 3 years")
Meet Ravindra Dholakia: MPC's sole dissenting member
This was the first MPC meeting that had a dissent note
 "Meet Ravindra Dholakia: MPC's sole dissenting member")
RBI policy a positive surprise for housing finance cos; expect rate cuts
Lower provisioning and risk weights to drive further rate cuts in home loans
 "RBI policy a positive surprise for housing finance cos; expect rate cuts")
Home loans set to get cheaper as RBI cuts provisions, risk weights
To spur war among lenders to grab existing loans
 "Home loans set to get cheaper as RBI cuts provisions, risk weights")
Farm loan waivers may harm fiscal discipline; stoke inflation: RBI
In April, the Uttar Pradesh government had waived farm loans worth Rs 36,000 crore
 "Farm loan waivers may harm fiscal discipline; stoke inflation: RBI")
Decoding MPC's shifting stance on inflation
Education inflation in April had actually risen up to 5.32% from 5.2% in March
 "Decoding MPC's shifting stance on inflation")
India Inc disappointed as RBI keeps rates unchanged
Assocham said RBI has 'disappointed India Inc' by not reducing the policy interest rates
 "India Inc disappointed as RBI keeps rates unchanged")
RBI stays firm on pause button: Rate reduction likely in August
The MPC decision to adopt a wait-and-watch stance on Wednesday is based on sound factors
 "RBI stays firm on pause button: Rate reduction likely in August")
We are trying to get a finer grip as to what is happening in economy: RBI
Slowdown in GDP due to deceleration in capital formation in Q4, says the central bank
 "We are trying to get a finer grip as to what is happening in economy: RBI")
Rupee swings back on RBI's lower inflation forecast; up 10 paise
RBI lowered the economic growth forecast for the current fiscal to 7.3% from 7.4% earlier
Dissent among MPC and other takeaways from RBI policy
MPC members unanimously declined to meet Finance Ministry officials, said Urjit Patel
 "Dissent among MPC and other takeaways from RBI policy")
RBI's status quo on expected lines, may remain for a while: Experts
RBI kept repo rate unchanged at 6.25% while lowering projections for inflation
Farm loan waivers by states may risk fiscal slippages, inflation: Patel
Says unless states' budgets allow fiscal space for waiver, it would be risky to tread on that path
 "Farm loan waivers by states may risk fiscal slippages, inflation: Patel")
RBI keeps repo rate unchanged at 6.25%, lowers FY18 GDP projection to 7.3%
Statutory liquidity ratio was cut by 50 basis points to 20 per cent starting June 24
 "RBI keeps repo rate unchanged at 6.25%, lowers FY18 GDP projection to 7.3%")
Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group
This has been done across residential, commercial projects in Bengaluru, Chennai and Hyderabad
 "Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group")
RBI policy today: Language, not rates, to be focus as GST, monsoon roll in
Central bank could revise inflation forecast downward; growth forecast could be revised too
IOB seeks investors' nod for QIP of Rs 1,300 crore
The bank's gross amount of NPAs was Rs 30,049 crore at the start of this financial year
 "IOB seeks investors' nod for QIP of Rs 1,300 crore")