Page 955 - Finance News
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
 "RBI Governor Urjit Patel meets FM Arun Jaitley")
Govt appoints 3 academics to monetary policy panel
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
 "Govt appoints 3 academics to monetary policy panel")
RBI may pause this time, but rate cut likely in Dec
Lower inflation, FCNR(B) outflows likely to influence central bank decision
 "RBI may pause this time, but rate cut likely in Dec")
There will be no tug of war in the MPC: Ravindra Dholakia
Interview with government appointed nominee to the newly formed Monetary Policy Committee
 "There will be no tug of war in the MPC: Ravindra Dholakia")
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
 "Meet the members of the new interest rate-setting committee")
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
 "With inflation slowing, there is space for monetary easing: Arvind Subramanian")
Yes Bank plans to raise Rs 2,500 crore via long-term bonds
However, shares of the bank traded 3.15 per cent down at Rs 1,228.50 on BSE
 "Yes Bank plans to raise Rs 2,500 crore via long-term bonds")
Oriental Bank of Commerce to raise Rs 500 crore via bonds
Shares of the bank were trading 0.52 per cent lower at Rs 134.60 on BSE
 "Oriental Bank of Commerce to raise Rs 500 crore via bonds")
PSBs can't be run like driverless cars: RBI
Government is yet to announce if SBI will get new Chairman or Arundhati Bhattacharya, wil get an extension at end if this month
 "PSBs can't be run like driverless cars: RBI")
Germany denies preparing Deutsche Bank rescue plan
Deutsche is facing a $14 billion fine from the US Department of Justice and concerns over its funding pushed its shares to a record low
 "Germany denies preparing Deutsche Bank rescue plan")
RBS to pay $1.1 billion to resolve US regulator's mortgage cases
The settlement with RBS brings the US regulator's recoveries against various banks to $4.3 billion in lawsuits
 "RBS to pay $1.1 billion to resolve US regulator's mortgage cases")
Wells Fargo launches investigation into retail banking sales practices
The bank agreed to pay $190 million earlier this month to settle regulatory charges
 "Wells Fargo launches investigation into retail banking sales practices")
Credit demand may be muted this festive season
Even though lenders have been witnessing credit demand from the retail segment, it is the corporate lending that has remained subdued
 "Credit demand may be muted this festive season")
Yes Bank to raise Rs 330 crore via green infra bonds
This is FMO's first investment in a green bond issued by a bank in India
Bandhan Bank now has fourth largest debit card base in pvt sector
In less than a year, it has left several of its peers behind
 "Bandhan Bank now has fourth largest debit card base in pvt sector")
Bond mkt expects heavy RBI buying
Estimates for the OMO vary between Rs 50,000 crore and Rs 1,50,000 crore. So far the central bank has already done OMO purchases of Rs 1 lakh crore
 "Bond mkt expects heavy RBI buying")
Banks Board Bureau recommends nine for ED posts
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates
Small finance banks see spurt in valuations
Valuations of the proposed SFB have gone up by almost 50-60% in the past year
 "Small finance banks see spurt in valuations")
Axis Bank, BHU team up for banking courses
The courses will be designed to introduce the students to functioning of banking industry in India
 "Axis Bank, BHU team up for banking courses")