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No room for cut in lending rates in near-term, say bankers

Aug 04, 2015

No room for cut in lending rates in near-term, say bankers

Defending the move to cut rates by only 0.30 percent, Bhattacharya said during the time of interest rate hikes, banks had cut lending rates by 0.30 percent themselves as against the hikes of 0.75 percent. #RBI #ICICI Bank #SBI #Repo rate #Chanda Kochhar #Arundhati Bhattacharya
Finance Ministry says no decision yet on curtailing RBI Governor's power on rates

Aug 03, 2015

Finance Ministry says no decision yet on curtailing RBI Governor's power on rates

As the move to strip RBI Governor of veto power on deciding interest rates faced backlash, the government on Monday said no decision on curtailing powers of the central bank has yet been taken. #Business #Economy #RBI #Reserve Bank of India #finance ministry #NewsTracker #Raghuram Rajan
PSBs to get Rs 70000 cr: A good start, but Jaitley should move to plug the leaking pot

Aug 01, 2015

PSBs to get Rs 70000 cr: A good start, but Jaitley should move to plug the leaking pot

The Rs70,000 crore infusion certainly offers a breathing space for PSBs to clean up their balance sheets #Economic growth #public sector banks #NPAs #Bank Recapitalisation
In growth push, govt to infuse Rs 70,000 cr into public sector banks over 4 years

Aug 01, 2015

In growth push, govt to infuse Rs 70,000 cr into public sector banks over 4 years

While there will be relief at the moves to recapitalise India's banks, there would be some disappointment that the capital infusion was not bigger #SBI #fiscal deficit #Canara Bank #public sector banks #BoB #PNB #Jayant Sinha #Finance Minister Arun Jaitley #Bank Recapitalisation #crude oil price