RBI seen cutting repo rate 25 bps on Sept 29, says a poll
Two crucial witnesses in the Mumbai attacks trial, including an electoral officer who gave evidence about the Pakistani origin of one of the Laskar-e-Tayiba terrorists involved in the assault on India's financial hub, have been cross-examined in an anti-terrorism court.
Two crucial witnesses in the Mumbai attacks trial, including an electoral officer who established the Pakistani origin of one of the Lashkar-e-Tayiba terrorists involved in the assault on India's financial hub, have been cross-examined in an anti-terrorism court.
This licence will further enhance the niche role Doha Bank is playing and facilitating the movement of trade between Qatar and India.
National auditor says a significant part of NPAs was due to fraud and may never be recovered
In an open letter, Naik, 51, who is abroad, said he will pursue all legal options to get the ban repealed and that the judiciary will fail the Modi government in its 'plans'.
The central bank gave 11 entities licences to start payments banks.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
Payment banks may not be viable option to attain financial inclusion.
According to the report, the demand for materials needed for infrastructure projects like metals, minerals, buildings and transport equipment is expected to increase as the country invests in building its civil infrastructure.
The discussion paper is released at a time when the central bank is sifting through 26 applications seeking an entry into the fray.
Increase in non-food credit was a tad lower than the 13 per cent growth in the previous two months, according to the Reserve Bank data.
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
'What does the nation get out of the CBI's fabulous infrastructure? Very little that is useful.'
At its last policy review, the central bank left policy repo rates on hold at 7.25 percent, tying future cuts to inflation outlook.
The bank will have around 501 branches.
SBI raised Rs 8,032 crore (Rs 80.32 billion selling 5.13 crore shares through a QIP in January.
Upcoming payment banks will lift lower income groups in distant villages.
India owes Iran around $8.8 billion primarily on account of crude oil imports.
The party also dismissed as 'absolutely false' the claim that Young Indian Ltd, the company formed in the wake of financial troubles concerning Associated Journals Ltd, was a 'real estate company'.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
To attract capital into infrastructure projects, the ratings system needs a fresh look.
The fair market value of an immovable property will be higher from the acquisition cost.
'By not letting bankrupt banks fail, we have discouraged ordinary folk from taking precautions while choosing their bank or at least when they hear bad news about their bank,'says S Muralidharan, former MD, BNP Paribas.
The bank is expected to report a pre-tax profit of $21 bn.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
RBI has already come out with a discussion paper on banking sector in India, on which the regulator has invited comments from stakeholders.
Bankers expect RBI to help them spur lending growth.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
Letter to corporate affairs ministry cites slowing economy, capital challenges.
Most of the companies are Chinese and surprisingly all are diversified banks.
With a sole mandate of inflation targeting, RBI wears many hats.
There has been an increase of $17 trillion in total debt in China.
Central bank sees action as discriminatory, unfair
This marked an increase from 2,63,000 at the end of 2013
Investors will maintain a cautious stance.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
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