Finance News - Page 10

It's not a 'lower-level' problem: How to avoid Dena, OBC-like deposit scams

A relook at the KYC norms on handling of bulk deposits/ large value term deposits is critical. The reasons that led to the Dena, OBC scams applies to the whole system; hence the solution be worked out at systemic level.

Why Arun Jaitley should no longer shun the P word - privatisation

The rise in public sector bad loans and the recent scams involving fraud at Syndicate Bank, Dena Bank and Oriental Bank of Commerce, the Modi government should not longer shun the P word - privatisation

PSBs should find own avenues to generate funds: Fin Services Secy Sandhu

The government and RBI have said state-run banks alone will need over Rs 2.4 trillion capital by FY19 to meet the Basel III capital norms.<br />

Making loans cheaper for poor: Govt set to expand eligibility cap to Rs 5 lakh for subvention scheme

Under the subvention scheme, the government shares the interest burden on a loan for the particular target segment and such schemes exist of a slew of sectors, including agriculture.<br />

PM Modi's big I-Day highlights: New Jan Dhan scheme, end of Plan Commission and more

The Prime Minister announced that the government would be doing away with the Planning Commission.

RBI to transfer surplus profit of Rs 52,679 cr to govt

This compares with a surplus transfer of Rs 33,010 crore last year. The central bank said the transfer will take effect on Monday.<br />

Bharti Airtel's profit grows but chairman Sunil Mittal's salary falls 2% in FY14

The annual remuneration of telecom major Bharti Airtel's founder-Chairman Sunil Bharti Mittal dropped by about 45 lakh or 1.8 per cent to Rs 23.88 crore in last financial year.

Apart from Tesco, India's multi-brand retail is a no-show affair

Apart from UK-based Tesco Plc, the government has not received any other proposal for investment in the country's multi brand retail sector so far, Parliament was informed today.

Sebi fines RIL Rs 13 cr for non-disclosure of earnings ratio

It was alleged that this issuance in April 2007 had resulted in diluting the pre-issue paid-up equity share capital of RIL, but the company repeatedly failed to disclose a key earnings ratio for as many as six quarters.

Controlling inflation is no easy feat: Why Rajan may risk friction with Modi govt

Rajan, well known within the RBI for pragmatism, now must work with the government of Prime Minister Narendra Modi, which understands the need for and wants a lower inflation, but doesn't see the value in hard targets.

With loans to Bhushan Steel at Rs 40,000 cr, SBI wants an outside agency to watch co

SBI has Rs 6,000 crore exposure to Bhushan Steel

Is Raghuram Rajan being an alarmist by predicting a global markets crash?

RBI governor, Raghuram Rajan has spoken out once more against competitive monetary policy easing by central banks, especially by the Fed and ECB. In an interview with London based 'Central Banking Journal' he commented on potential global markets crash on the back of competitive central bank easing.<br />

Car, bike sales jump in July; SIAM predicts a turnaround this year

According to the data released by SIAM, domestic passenger car sales stood at 1,37,873 units in July this year as compared to 1,31,257 units in the same month of 2013.<br />

Yamaha's restructuring plan: All group cos under one umbrella

The company will re-start Yamaha Motor India Pvt Ltd (YMI) as the regional control company for India operations.

IDC says Indian networking market strong despite sluggish economy

Market researcher IDC has said Q1 2014 showed signs of growth as compared to a lacklustre Q4 2014, promising hope for the Ethernet Switch and Router Market in India.

RBI cuts SLR to 65-year-low: Why Raghuram Rajan is indeed a rock star

By gradually phasing out SLR, the RBI is taking Indian economy out of the so-called financial repression.

Govt may have to cut PSU bank stake below 51%: Jaitley should read Sinha's 2000 budget speech

The government simply does not have the resources to recapitalise public sector banks to comply with Basel III norms. It will be forced to bring government stakes below 51 percent

Eat, travel, invest: Here are 8 habits of India's super rich

India's ultra rich ( individuals with an annual income over over Rs 3 crore) rose 16 percent to 1.17 lakh during 2013-14 with gold and jewellery remaining the single largest area of spend.<br />

We will contain fiscal deficit target, says Chief Economic Advisor Arvind Subramanian

The Budget inherited the targeted fiscal deficit of 4.1 per cent of GDP, down from 4.5 per cent in the previous year, the review said.

FEMA probe: StanChart, TamilNad Mercantile Bank may have a lot of explaining to do

More than the Fema violation angle, the critical question is whether StanChart attempted to flout the Indian laws to acquire a significant stake in a local bank without the RBI's approval

Go, fend for yourself: SBI will not bail out SpiceJet; other banks wary too

In the recent years, banks have been risk-averse to lend to the aviation sector on account of its high-risk nature, especially after the Kingfisher loan default

Govt should keep off SpiceJet; forcing banks to bail out is a repeat of UPA's mistake

The government has no business to be in the business of public banks or any private company. It must stay away from the Spicejet episode.

New infra funding norms: RBI does its part to boost growth; now ball in the govt's court

RBI alone cannot revive the infrastructure sector on its own. The efforts needed to be complemented by reforms from the part of government

Memo to Modi and Rajan: 'Achche din' can be a self-defeating prophecy

The economy's problems - lower IIP amidst falling prices - may have something to do with expectations. Too much belief that "achche din" will be in the future may be killing present demand

Sebi to put in place new mechanism for surveillance of traded debt instruments

In the wake of growing interest in debt market, capital markets regulator Sebi is considering putting in place a new mechanism for surveillance of debt instruments traded on the stock exchanges.