Bank issues public notice with photograph in Reid & Taylor default case.
Richard Illey, chief economist, (Asia, ex-Japan) at BNP Paribas, talks to Business Standard on inflation and related issues ahead of the Reserve Bank's annual review of monetary policy.
The recent fall in commodity prices might not be sufficient to bring down the country's widening current account deficit
Unsustainable CAD, sticky inflation & impact on pace of rate cuts all worries for FY14.
They have sought data from these companies on loss absorption capacity in case of a fall in gold prices and higher defaults.
This week, bond yields are expected to soften while the rupee could strengthen.
These tax-free bonds are priced below the yield of the 10-year benchmark government bond.
Falling growth, inflation and lower fiscal deficit are expected to prompt RBI to cut rates.
As banks are looking at such infrastructure as ancillary assets, wanting to focus on core activity, they're reluctant to commit their resources here, throwing space open for other players.
The pick-up in credit demand in coming months looks uncertain.
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
The New Year could bring some cheer among bankers, as the Reserve Bank of India (RBI) is expected to start the rate easing cycle as early as January, during the third quarter review of monetary policy.
Leveraged balance sheets expose banks to sudden shocks.
Agitation against 7-day banking move prompts action.
Some see CRR cut as tight liquidity continues.
Of the 15 participants, 7 expect CRR cut, only one sees repo rate reduction.
The street feels that RBI needs to intervene further, as liquidity is about to get strained.
They need money as Rs 100,000 cr deposits will mature by December.
Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
Banks offering a higher rate on savings bank deposits have seen robust growth in the past year but the momentum might get slower as interest rates turn more benign.