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SBI and ICICI Bank systemically important banks, get tighter RBI supervision

Sep 01, 2015

SBI and ICICI Bank systemically important banks, get tighter RBI supervision

RBI will determine a cut-off score beyond which banks will be considered as D-SIBs #RBI #ICICI Bank #SBI #D-SIB #sytemically important banks
Swiss banks petrified by Modi's black money law, ask customers to comply

Aug 31, 2015

Swiss banks petrified by Modi's black money law, ask customers to comply

The compliance window is likely to witness a huge surge in activity in the one month starting 1 September. #Economy #HowThisWorks #Black money #Swiss Banks #Tax evaders #Income Tax act
Sensex sheds 159 points in early trade as Chinese equities skid

Aug 31, 2015

Sensex sheds 159 points in early trade as Chinese equities skid

Market breadth was weak with nearly 900 stocks declining against 768 advances on BSE #Sensex #nifty #Banking #BSE #US Fed #metals #Chinese Economy #CNX
Spooked by black money bill, Swiss banks ask Indians to utilise 'compliance window'

Aug 31, 2015

Spooked by black money bill, Swiss banks ask Indians to utilise 'compliance window'

Indian authorities are already pursuing cases related to its citizens who had kept unaccounted funds in HSBC's Geneva branch #Swiss Banks #Bank secrecy #Black Money SIT #HSBC list #Black Money Bill
Rajan's right: Govt should compensate PSBs, not use them as extended arms

Aug 28, 2015

Rajan's right: Govt should compensate PSBs, not use them as extended arms

When government forces state-run banks to carry out financial sector activities, but refuses to fully compensate them, that creates distortions in their business. #Economy #RBI #IMF #Narendra Modi #ConnectTheDots #Agriculture #International Monetary Fund #Arun Jaitley #Raghuram Rajan #Aadhaar #public sector banks #Indian Banks Association #Indradhanush #Make In India #Jan Dhan Yojana
Staying focused: RBI to bring down inflation to 4% by March 2018

Aug 28, 2015

Staying focused: RBI to bring down inflation to 4% by March 2018

RBI has projected consumer inflation will hit 6% by January 2016 before gradually easing to 4% in two years later #Economy #RBI #Central bank #Government #Repo rate #Consumer inflation
China may halt Yuan weakening drive to curb capital outflows, calm global nervousness

Aug 27, 2015

China may halt Yuan weakening drive to curb capital outflows, calm global nervousness

Government economists and policy advisers say the People's Bank of China will now try to stop the yuan weakening much past 6.5 per dollar #China #China slowdown #Yuan #People's Bank of China #Policy makers #PBOC #currency devaluation
Ola offers Rs 1 lakh benefits to drivers who opt for CNG

Aug 26, 2015

Ola offers Rs 1 lakh benefits to drivers who opt for CNG

The move will help the Bengaluru-based firm comply with a Supreme Court ruling that says commercial vehicles can not ply in Delhi unless converted to the single fuel mode of CNG. #Business #Tata Motors #CompanyWatch #Maruti #Hyundai #SoftBank #Ola #Ola Green Pragati Week