Finance News - Page 2

Affordable uthapam to lower medical bills: Can Jaitley's #Budget2016 meet aam admi's expectations?
Can the government not think of giving tax savings against education?

Wharton India Economic Forum in Mumbai tomorrow: 10 Indian start-up finalists to make a pitch
The top 10 finalists were chosen from over 750 applications from across industries, both for-profit and social ventures.

Citibank’s Digital Diwali paved way to happiness this year
Citibank certainly made this Diwali a memorable experience for many – Indeed a digital Happy Diwali!

Bankruptcy law will help lenders only if judicial resolution is quicker
The short point is the bankruptcy code will lack the teeth unless there is clarity on faster judicial resolution of insolvency cases

Slowdown blues: Assocham says 75% of Rs 14 lakh cr real estate projects remain non-starters
Kerala recorded highest compounded annual growth rate (CAGR) of about 59% in attracting real estate investments during the decadal period of 2005-06 and 2014-15

RBI issues gold deposit norms, gives banks freehand in fixing interest rate
As per the RBI guidelines, there will be provision for premature withdrawal subject to a minimum lock-in period and penalty to be determined by individual banks

Banking will become premise-less, paper-less with help of technology: PM Modi
The prime minister said the banking sector is poised to achieve a big boost in growth in rural areas.

Will not dilute mission when Ujjivan becomes a small finance bank, says founder Samit Ghosh
Ghosh doesn’t believe that the entry of new set of banks will be the end of life for MFIs. Microlenders will survive partnering with the new set of banks

Modi's fin inclusion gets a boost: SC allows voluntary Aadhaar use in job scheme, Jan Dhan, PF, pension
he Supreme Court on Thursday relaxed its earlier order to extend use of Aadhaar card on voluntary basis in social welfare schemes like the rural job guarantee scheme, old age pensions, provident fund and prime minister's Jan Dhan Yojana.

The black money blackhole: BoB fraud shows our banks are legit route for illegitimate stash
It shows the absence of a strong centralised fraud detection mechanism even in large banks

Aug IIP 6.4%, Sept inflation 4.4%: Why it is time for govt to further boost infra spending
The government should now push public spending in infrastructure projects and get the asset quality and capitalisation issues of the banking sector sorted out at the earliest

The Rs 7,000 cr riddle: What is the invisible force that protects Vijay Mallya and Kingfisher?
Nailing Mallya is even more critical for banks now for two reasons. This can reinstate the confidence in the banking system itself and send a message to other wilful defaulters

Skeletons tumble out of Mallya closet: Kingfisher Airlines diverted bank loans to tax havens
It is alleged that the loan was sanctioned in violation of norms regarding credit limits.

Why Raghuram Rajan is now a party to inflating the asset price bubble
Last week, RBI Governor Raghuram Rajan gave us a surprise double-barrel rate cut, indicating the pressure on him to cut rates. But the world is still printing too much money and a crash worse than 2008 is still in the works.

India's e-tailers need to learn retail in detail to make dollar dreams real
If Indian e-commerce players have to address customer stickiness, they will have to view themselves as retailers and focus on product and merchandise development to overcome such supply constraints.

There are regrets about not having spent time with family, but I will make up for it now, says Naina Lal Kidwai
Naina Lal Kidwai, chairperson, HSBC India will retire in December after 13-year stint with the bank that she joined first as Vice Chairperson.

Microlending: Jaitley may be making a mistake by putting PSBs on mission mode; it can backfire
A big part of the bad loan problems currently faced by Indian banks can be attributed to forced directed lending by the government through state-run banks. The government shouldn’t do the mistake again.

Why US Fed's Yellen may never raise rates: the real 'jugaad' is central banking
When will the US Fed hike rates? Why not consider the possibility of "never" in Janet Yellen's tenure?

Why small and payment banks will be a pincer attack on India's banking oligopoly
With the RBI announcing an "in-principle" grant of small bank licences to 11 non-bank financial institutions, the mainstream banks will face competitive pressures both on the liabilities and assets sides of their businesses.

Small banks mark the biggest banking revolution in India since nationalisation
Considering the dominance of MFIs in the final list, the RBI clearly wants microlenders to take up a bigger role in taking banking to the rural poor.

STAR Agility - An easy and innovative way to own the Mercedes Benz
A flexible and innovative financial solution to drive home the Mercedes Benz!

The markets should chill: US Fed's much ballyhooed rate hike may well be its last
The US Fed may have to raise interest rates for the first time in a decade in order to maintain its own monetary credibility. But there is little chance that it will continue this policy when economic revival is still fragile

Gandhi is right; NPAs warrant urgent action but banks have no magic wand to cut them
It isn’t easy to address the present bad loan problems of Indian banks since the rot runs deeper, unless the government wakes up to the problem and act with urgency to save the banking sector

WPI, CPI fall guarantee a rate cut but govt shouldn't expect a big dose
The available data so far indeed point towards a rate cut in the immediate future. But, the government shouldn’t expect the RBI to go for a bigger cut at this stage as price worries aren’t over yet.

Sponsored: 3 mantras of smart investing
The SIP route helps you build an investment portfolio with small systematic investments at regular intervals, and hence imparts financial discipline.

RBI to issue small finance bank licences in a few days, says deputy guv Mundra
The RBI had received 72 applications for small finance bank licences.



