Page 954 - Finance News

Kotak Mahindra Bank acquires BSS Microfinance

This acquisition will allow Kotak to tap the lower end of the customer base

Sebi grants exemption to Centre to raise stake in IOB

The decision is to support the decision of GoI to adequately capitalise the Bank to comply with Basel III norms

Deutsche CEO tries to reassure staff as shares plunge

Deutsche shares fell almost 8% to another record low, adding to the sense of crisis around the bank triggered by a $14 billion

RBI Governor Urjit Patel tweaks monetary policy communication practices

The resolution of the MPC will be placed on RBI's website at 2.30 pm on October 4

RBI to rely more on liquidity than rates

Better monsoon rains after two back-to-back droughts and lingering weaknesses in manufacturing have again opened the case for aggressive rate cuts

RBI asks banks to revisit documentation for agri loans

Asks them to ensure speedy sanctioning and disbursal of loans within specified time limits

RBI pulls up banks for publishing photos of defaulters

Chided banks for publishing photos of defaulters & guarantors in newspapers even as they may or may not be categorised as wilful defaulters going by RBI's methodology

Govt notifies Monetary Policy Committee

The MPC has been tasked with deciding benchmark interest rates, something which the RBI governor used to decide till now

Govt borrowing limit for 2nd half unchanged

BBB seeks bigger say in bank governance

Wants to appoint non-official directors

Cause for a pause

RBI would be justified in opting for continuity

Analysts keep faith in IDFC Bank's growth story

Rich valuations could cap upside for the IDFC Bank stock in the near term. But an approval to merge IDFC into the bank will aid the parent's share price

IDFC Bank bets big on retail play

In the last few months, the bank has aggressively turned its focus on retail

RBI Governor Urjit Patel meets FM Arun Jaitley

Meeting comes against the backdrop of govt nominating its members to the all-powerful Monetary Policy Committee to take over the interest rate setting job from the RBI Governor

Govt appoints 3 academics to monetary policy panel

Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years

RBI may pause this time, but rate cut likely in Dec

Lower inflation, FCNR(B) outflows likely to influence central bank decision

There will be no tug of war in the MPC: Ravindra Dholakia

Interview with government appointed nominee to the newly formed Monetary Policy Committee

Meet the members of the new interest rate-setting committee

Each will have one vote and Patel will hold an additional tie-breaker, guided by a newly established inflation target

A V Rajwade: UMP can't remain unchallenged

It's time to revisit the virtues of the accepted wisdom of the last few decades

With inflation slowing, there is space for monetary easing: Arvind Subramanian

Interview with Chief Economic Advisor