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Finance News - Page 14
India-themed funds dominate in 2014 as investors cheer Modi
Mutual funds specialising in Indian stocks account for 25 of the top 30 performers out of more than 3,400 funds available for sale in the UK for the first nine months of 2014
RBI to sell govt securities worth Rs 10,000 cr via OMOs on 13 Oct
As part of the OMOs, the RBI will sell government securities maturing in 2017 (bearing interest rate of 8.07 per cent), 2021 (8.79 per cent), 2026 (8.33 per cent) and 2027 (8.28 per cent).<br />
Worried about companies in debt markets, RBI directs team to monitor trades
The move by the RBI reflects concerns that companies which are building large trading positions in debt and currency markets could pose risks to financial market stability
Journey ahead in Jan Dhan bound to be difficult: PM to bankers
In an email to bank officers and staff, he hailed their contribution in "successfully" rolling out the scheme but added a word of caution against slackening.<br />
New monetary policy framework to be out by Jan 2015
In January, a Reserve Bank of India panel headed by deputy bank governor Urjit Patel recommended a policy framework that would lead to 6 percent consumer price inflation by 2016.<br />
Business sentiment reality check: Why Modi factor is not helping banks just yet
Even though the economic and business confidence indicators suggest a recovery in the economy, bank credit growth numbers do not reflect this optimism
RBI may consider raising interest rates to battle inflation, says IMF paper
The WPI inflation dropped to a 5-year low of 3.74 per cent in August, while the retail inflation stood at 7.8 per cent.<br />
Battle on bad loans intensifies: Winsome, Zoom, Koutons, KSL tagged wilful defaulters
India's banking system is dominated by state-run banks, which control 70 percent of the assets of the industry and has over 90 percent of the total bad loans of the banking system emerging from their balance sheets
Thinking small: SBI plans SME-focussed branches across country
The bank has already done pilot projects in Mumbai and Delhi and will soon roll out in other parts.
Lessons learnt? FinMin asks public banks to tighten norms for high value FDs
This is is seen as a move to check the kind of frauds suspected to have been committed at Dena Bank and OBC.
Forex reserves continue downtrend, falls by $1.4 bn to $314.18 bn
In the previous week, the reserves had fallen by $101.3 million to $315.596 billion
Banks need $200 bn capital in next 5 years to meet Basel-III norms: Fitch
The state-owned banks reported stressed assets of around 12 per cent in 2013-14, versus around 4 per cent of private banks and 10 per cent for the banking system,
RBI has no bias either to cut or hike rates, says Gov Rajan
The RBI governor, labelled as an "inflation warrior" for keeping the rates high too long, had earlier said that the RBI is not desirous of keeping the rates high and wants inflation number to come down.<br />
RBI to re-examine foreign investment limit in govt bonds: Rajan
The RBI kept its key policy repo rate unchanged at 8.0 percent on Tuesday.<br />
Don't shoot the RBI Guv: Why a rate cut is more in Jaitley's hands than Rajan's
Jaitley can use an array of fiscal tools against inflation while Rajan has only one blunt instrument called monetary policy at his command
Raghuram Rajan dampens rate cut hopes for now. It's business as usual till next year
The RBI is in the wait and watch mode and would be closely monitoring the developments taking place especially on the inflation front
RBI simplifies KYC norms, says banks can accept self-certified documents to open accounts
Banks have also been asked not to seek fresh documents if an existing KYC compliant customer of a bank desires to open another account in the bank.<br />
Lower interest rates won't solve anything. Rajan is right in keeping rates unchanged
Today with the RBI deciding to keep the repo rate unchanged at 8 per cent in the fourth bi-monthly monetary policy, the interest-rate-wallahs will be at it again.
Bharatiya Mahila Bank targeting business of Rs 1800 crore in FY15
Though everyone can open deposit accounts in the bank, but 'predominantly' loans were given to women, as empowerment happens through them
Reworking wilful defaulter definition to cover directors: RBI Gov Rajan
Talking about the norms for non-cooperative defaulters, Rajan said the guidelines have been formulated to tackle those borrowers who resist repaying at every corner and hold up the entire repayment process.<br />
Live: RBI keeps rates unchanged; no worries about Coalgate verdict, say banks
We track the latest updates as the RBI is set to announce its bi-monthly monetary policy decision today.
Highlights: RBI continues inflation fight, keeps policy rate, key ratios intact
The central bank it its fourth bi-monthly policy review cautioned that there are upside risks to food inflation, despite the current softening trend
Two reasons why Raghuram Rajan will not cut policy rate today
The RBI may opt to lower the statutory liquidity ratio (SLR), the portion of funds banks need to invest in government bonds.
Forget inflation, SC's coal verdict ensures RBI won't be cutting interest rates today
The apex court's verdict could stoke higher power prices and thus limit the scope of the RBI to cut interest rates.
Decision on Jan Dhan life insurance cover soon, says Fin Services Secy
The government is already providing Rs 1 lakh personal accident cover for each bank account being opened under the scheme and the cover is being provided by private sector non-life insurance company HDFC Ergo.
SC coal verdict: Banks to ask RBI for recasting loans
The Supreme Court on September 25 cancelled the allocation of 214 coal blocks made since 1993, impacting at least 11 corporate groups like JSW Steel and Hindalco.<br />
RBI in 'mission mode' to push financial inclusion schemes, says official
RBI attaches great deal of value to financial inclusion.<br />
Jan Dhan Yojana: Banks gear up to lend Rs 1.65 lakh crore through overdraft faclity
Under the scheme, the first major policy announced by the Modi government since coming to power, accounts holders are given a free debit card and an overdraft of Rs 5,000, provided they manage to show some transaction within six months.<br />
Jan Dhan Yojana: Banks open over 5 cr accounts, collect over Rs 3500cr
The Jan Dhan scheme was announced by Prime Minister Narendra Modi during his Independence Day address and was formally launched on August 28.<br />
Monetary policy review: RBI unlikely to cut rates as inflation is still high
The RBI will unveil its fourth bi-monthly policy on September 30.<br />