The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Gold import this financial year is estimated at 945 tonnes.
Banks are expected to cut lending rates from April 1.
The gold market has remained under pressure.
Traders have used this as an opportunity to stock up silver.
Move to shift powers from RBI without discussions baffles many
Aditya Puri thinks the government is on track.
Union Bank of India, United Bank of India reduced base rates.
This time, RBI can cut rates to reflect the improved fundamentals and to further shrink the arbitrage window.
The post of chairman and managing director has been split and the government has appointed managing directors and chief executive officers in four banks -- Indian Overseas Bank, United Bank of India, Oriental Bank of Commerce and Vijaya Bank.
In the past two years, investors in gold have lost money.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The meeting will be attended by all heads and EDs of public sector banks
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2014 made a lot of promises; can the new year deliver?
The banking sector is set to move at a fast pace from hereon.
Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport
Experts hail 2014 as the worst year for banks.
The rouble has been falling steadily since early November and collapsed earlier this month following a spectacular decline in the price of crude oil to five-year lows.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
Jaitley has made it a habit of giving soundbytes to the media like his predecessors on why RBI should cut interest rates
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