CII suggested the policy measures required to ease the tight liquidity situation by cutting CRR by at least 50 basis points.
Godhwani's exit comes at a time when the company's fund raising plans and proposed related party transactions are under scrutiny, says N Sundaresha Subramanian.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
The latest roadmap for exempts banking, insurance and non-banking finance companies
Brace yourselves to shell out more for home loan instalments.
NBFCs are facing the heat of a crisis at IL&FS, which defaulted on repayment of its commercial paper dues, leading to a contagion effect in the sector.
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
A man, from whom a fake character certificate was originally procured, using which the Uber rape case accused got an All India Tourist Permit, has been identified by the police and summoned for questioning.
The bonds' unattractive structure seem to have found little favour with eligible taxpayers and infrastructure finance companies are hoping the government would do something to enhance product appeal.
Hiring activities in the non-governmental organisation (NGO) sector have increased over 60 per cent in 2011 compared to 2010, even as they have come under the government scanner for pushing alien agendas in the country.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
'It's a toss-up between a fire sale of equity or merger with a strong bank,' points out Tamal Bandyopadhyay.
Here's what borrowers must pay attention to before going for such medical loans.
41 listed firms made 73 donations to gaushalas (cow shelters) and other cow-related charities over the last four years. The donations range from a few thousand rupees to a million.
SBI keeps IDBI waiting for proposal to set up infra development fund
Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.
After getting the approval of raising up to Rs 30,000 crore (Rs 300 billion) through issuance of tax-free bonds this financial year, infrastructure finance companies, Housing and Urban Development Corporation (HUDCO) and Power Finance Corporation (PFC), have thrown open their subscriptions under the private placement route.
In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.
The committee said that to qualify as an NBFC-MFI, an NBFC should provide financial services predominantly to low-income borrowers.
For customers who want to know their individual credit rating scores, buying a credit information bureau's (CIB) report will take just a few minutes. However, trying to clear any lapses in that report could take a month. Besides, almost always, the onus of getting the lapses rectified will remain with the customer.
RBI's licensing norms require a bank to bring down promoter holding to 40 % within 3 years of operation - which, for Bandhan Bank, will be by Aug 23
Uday Chopra will head the company as its CEO. Their first film -- a comedy -- stars Olivia Wilde and Jason Bateman.
Indian economy was growing faster than the global average and all other major economies: FM
Though Housing and Urban Development Corporation (Hudco) would begin issuing tax-free bonds on the same date as Indian Railways Finance Corporation (IRFC), it would offer a higher coupon rate. Both the infrastructure finance companies are slated to issue bonds from January 27.
The coupon rates are higher than those offered by IRFC.
Project delays, stretched balance sheets impacting asset quality indicators of HFCs.
These decisions by NHB will come into effect immediately and will cover all housing finance companies including LIC housing finance.
The government wants the RBI to part with most of its profit as dividend.
Sebi's move will help curb the illicit practice of keeping the parent company's account clean while maintaining debt in its subsidiaries.
Collection dived to 75-80% in November-December from 99% after demonetisation.
Officials of the international radio taxi service Uber will be questioned by the police for the second consecutive day on Tuesday in connection with the alleged rape of a 27-year-old finance company executive by its driver.
Of the 40 CEOs polled from across the country, 60 per cent identified a fractured electoral mandate as a bigger risk than trade wars, volatile oil prices, and inflation.
Citigroup is likely to reduce its stake in Housing Development Finance Corporation (HDFC) to below 10 per cent, according to three people familiar with the development.
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