As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
The RBI wants to enforce more transparency in public sector banks. Manojit Saha The Apex bank wants the government t oreduce stakes in PSUs.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
73-year-old dies in Mumbai, 75-year-old in Kerala.
The need to allow government shareholding in public sector banks to come down below 51 per cent
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
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