Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.
Most major corporate houses, such as the Tata group, Birla group and Reliance Industries, besides non-banking financial companies like L&T Finance, M&M Financial Services and the Shriram group, are said to be interested in setting up new banks.
The public-sector lenders were yet to get a formal proposal on sale from HSBC.
Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff
With recruitment numbers having dropped off sharply since the liberalisation process got under way in 1991, large-scale retirements of people hired during the 1970s and 1980s will leave large gaps in the organisational structures of these banks.
In most circumstances, this would have been the cause for widespread handwringing and lamentation. But in today's India, the response was more one of relief than one of shock.
RBI norms on foreign control of corporations will clear the air.
The Goa villa, Mumbai office could be put on the block.
Aspirants banking on experience and domain knowledge of veterans
The first such interaction would be in Mumbai on Monday.
Banks will ask the banking regulator to defer the higher provisioning norms on standard restructured advances.
The BRICS bank is simply too expensive a proposition for a group of developing countries that includes many who are already overspending domestically.
To recover dues from 50 top defaulters; finance ministry wants proceedings fast-tracked.
Large sectors such as metals, mining, machinery, and transportation have seen a decline.
In an interview with PricewaterhouseCoopers, A M Naik, chairman of Larsen & Toubro Limited, talks about the company's strategies, opportunities and the challenges facing it.
In an interview with PricewaterhouseCoopers, Aireen Omar, chief executive officer of AirAsia Bhd, talks about the company's strengths, opportunities and challenges.
The aviation minister, Ajit Singh, on Tata-Air Asia joint venture
The critical task facing Indian banking is to quickly improve the risk-assessment capability of the state-owned banks, which account for three-quarters of all banking; and if that fails, then to privatise them.
Set to be allowed to apply for bank licences in the final guidelines expected by the end of the month
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances