Finance News - Page 13

If Modi is indeed serious about black money, he should clean up political funding first

The question is whether Modi has the political will to undertake the much needed overhaul in own soil to fight the black money market

Good news: Banks still to put 5 free ATM transactions limit in metros

The lenders are refraining from putting a cap as restriction on free ATM usage would increase footfall in branches.

As India's black money probe gathers steam, Swiss banks begin taking safety measures

A number of Swiss banks, including three with significant global presence, have begun telling their Indian clients to sign undertakings that are aimed at 'derisking' the banking institutions from potential risks.

Partially freeze accounts of those who don't meet KYC norms, RBI tells rural banks

RBI said banks will be free to take decision on closing of accounts of such customers.<br />

UCO Bank sends notice to Kingfisher Airlines, asks why it shouldn't be classified as wilful defaulter

The bank has given the airline time to reply on why it should not be declared a 'wilful defaulter'.

NRI investors drag ICICI to Mauritius court over losses in property fund

The group also sued ICICI Bank, the Dynamic India III fund trustee Western India Trustee and Executor Co, and the administrator of the fund, International Financial Services

India's plan to grant new bank licences to companies poses risks: S&P

India's plan to grant new banking licences to companies could increase risks in the banking sector given the chance that new entrants could be lax about loan standards, S&P's said.

ONGC oil output jumps 10 percent

In turnaround, state-owned ONGC has reported a 10% jump in crude oil production from its western offshore fields this fiscal, reversing the downward slide.

What transpired at RBI's rate advisors' meet: Rajan proved he is his own man, yet again

Nine out of 10 times, the majority opinion of TAC meetings, hasn't had any serious impact on the policymaking process and the 'opinion' of the governor almost always prevailed

Reading the tea leaves on PNB earnings: Modi magic not working yet on corporates

As of now, signs of change in the macro-economic scenario and positivity in the investor community are yet to translate into investment

Sensex has a ball again and the pros think there is no stopping this bull market

The election results have enthused the bulls again. But when markets keep looking for excuses to rise, it means we are in a fundamentally long-term bull run

Reversification: A one-word explanation for what's wrong with the world of finance

Author John Lanchester defines reversification as a "process in which words come, through a process of evolution and innovation, to have a meaning that is opposite to, or at least very different from, their initial sense."

Why India Inc must stop whining about interest rates and start cutting retail prices

Fiscal and monetary policies are important in the fight against inflation. But, surely, corporates can do their bit by cutting down retail prices to drive demand? They have to change their high-margin mindsets

Inclusion agenda: Is govt forcing RBI to issue more full service bank licences?

If the RBI is set to unveil guidelines for universal banks, that will mark yet another instance where the government does all the talking for policy decisions in the banking sector

SC verdict on sugar farmers will boomerang on farmers as banks threaten to stop lending

Logically, banks will not grant further loans against the same type of collateral as similar instances can occur again

Collateral damage: Banks will bear brunt if DLF fails to raise funds via asset sales

Several large banks have lent to the real estate company, given the top credit rating it enjoys and healthy cash flows

RBI unlikely to cut rates in FY15 despite fall in inflation, say analysts

Analysts attributed the lower September print at a low of 6.5 per cent to the base effect, something which RBI Governor Raghuram Rajan had alluded to in the last monetary policy statement.<br />

Forget banking via FB, Twitter: An India Post bank will usher in a real revolution

Facebook and Twitter based payments mechanisms have the potential to bring in revolution in the way payments/ money transfers happen but in India a different system can usher in more change.

Bank unions call for strike on 12 Nov over wage hike

The United Forum of Bank Unions (UFBU), an umbrella organisation comprising various employee bodies, has given the strike call.<br />

SC sets a bad precedent by junking SBI's valid security against loans to sugar mills

The Supreme Court has junked the SBI's collateral against loans to sugar mills on the ground that they collateral should be used to pay cane growers first. This will set a bad precedent on loan collateral

Inflation hits 33-month low of 6.46%: Why RBI won't get carried away and cut rates just yet

Chances for lower August CPI number triggering an early rate cut are highly unlikely on account of these three factors

IndusInd Bank Q2 profit up 30% at Rs 430 cr

Private sector lender IndusInd Bank today said its standalone net profit in the second quarter ended September, 2014-15, rose by 30.3 per cent to Rs 430.20 crore.

Old policy, new bottle: RBI-govt pact on targeting inflation won't change much

The government and the RBI should give legislative backing to their efforts to arrive at an inflation target. Merely singing an agreement means such goals will be limited to the lifetime of a government

Jan Dhan Yojana: 5.52 cr accounts opened, deposit of Rs 4,268 cr mobilised

Prime Minister Narendra Modi had launched this ambitious scheme of financial inclusion on August 28.<br />

Coalgate, bribery scams, bad loans: Have fed up investors given up on PSU banks?

The average 24% slide that PSB shares witnessed can be attributed to the three factors