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Consumers rejoice: Banks to reduce your loan rates by April thanks to RBI rate cut

Mar 05, 2015

Consumers rejoice: Banks to reduce your loan rates by April thanks to RBI rate cut

The second surprise rate cut from Reserve Bank of India (RBI) governor, Raghuram Rajan this year is likely to prod commercial bankers to slash their lending rates to end-consumers, by April. Some banks may begin cutting rates in March itself. #RBI #Banks #Banking #SBI #Raghuram Rajan #Rate cut #Lending rates
After 20 years, RBI to put Re 1 note back into circulation

Mar 04, 2015

After 20 years, RBI to put Re 1 note back into circulation

One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades. #India #RBI #Reserve Bank of India #NewsTracker #The Coinage Act 2011
Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

Mar 03, 2015

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches". #World #India #Supreme Court #SEBI #Subrata Roy #Sahara #Bank of China #Grosvenor House
Banks Board Bureau to be set up in four months: Finmin

Mar 03, 2015

Banks Board Bureau to be set up in four months: Finmin

Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs. #Economy #ThisisNext #Narendra Modi #SBI #Arun Jaitley #IDBI Bank #Basel III #Bhartiya Mahila Bank #department of financial services #Hasmukh Adhia #Gyan Sangam #Budget2015 #Economy Budget 2015 #Banks Board Bureau #Bank Investment Committee
Budget 2015: Draconian black money law won't work without one-time amnesty

Mar 02, 2015

Budget 2015: Draconian black money law won't work without one-time amnesty

The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean" #Arun Jaitley #Anti-money laundering #Black Money Amnesty Scheme #budget 2015 #Union Budget 2015 #Budget2015 #Illegal Wealth in Swiss Banks

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Banking licences: Were Tatas hoping to change the rules mid way?

Nov 28, 2013

Banking licences: Were Tatas hoping to change the rules mid way?

Many corporate were hoping for relaxation of RBI rules for a couple of years, and when they realized RBI is not going to relax any norms, some of them are now backing out #RBI #Tata Sons #Tata #Banking Licences
When it comes to financial sector, India is way ahead of China

Nov 18, 2013

When it comes to financial sector, India is way ahead of China

The banking system in India is well regulated and banks' reporting standards, reserve ratios and capital adequacy hold the system strong even in the face of adversities such as the global financial market collapse in 2007-08. #India #China #Banking #InMyOpinion #financial system