RBI last year initiated the process for issuing fresh licences by publishing a discussion paper inviting comments from the public.
After rising for more than a year, short-term interest rates have started falling since the beginning of the month, thanks to improved liquidity.
State Bank of India (SBI) has put on the backburner its plan to acquire a stake in Tata Motors Finance, following the Reserve Bank of India's (RBI's) objection.
"The tacit understanding between people now is that a question should be looked upon as a statement," says an institutional dealer.
According to RBI data, bank lending to commercial real estate registered 20 per cent growth in the year ended May 30 as compared to 1.2 per cent in the previous year.
Rupee-denominated contracts will be traded from 9 am to 5 pm.
RBI feels allowing foreign companies into this business may affect financial stability.
It is clear now that our policy to treat FCCBs as debt upfront turned out to be the right approach.
Khan would replace Shyamala Gopinath who retires on June 20, after a seven-year stint as deputy governor.
The Financial Stability and Development Council had earlier mandated RBI and the Securities and Exchange Board of India to undertake a review of the existing practices followed by banks and brokerage houses in offering wealth management services.
While listing can be good, success depends on sentiment and performance.
Sharp increase is a major departure from those during former chairman O P Bhatt's regime.
Profits of domestic brokerages fell substantially in the quarter ended March 31, thanks to subdued participation of retail investors and continued increase in the share of the low-margin options segment in the overall market volume.
If the deal materialises, Angel will have to pay at least Rs 800-1,000 crore (Rs 8-10 billion) for a 51 per cent stake, valuing the brokerage at Rs 1,500-2,000 crore (Rs 15-20 billion). The talks are at an early stage.
With global investors shifting focus from developed to emerging markets in the last few days, India has emerged as a major beneficiary.
One of the MDs, R Sridharan, is focusing on associates and subsidiaries. Another managing director, S K Bhattacharyya, who retired in October, 2010, was the chief credit risk officer.
An ETF is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities or bonds.
The bank follows RBI discomfort with quid pro quo pact.
During his tenure with the group, Bagchi has held several key positions in retail banking, corporate banking and treasury.
Banks have started putting the brakes on short-term corporate loans.
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