Calling out the high real interest rates -- the differential between the policy rate and headline inflation -- as an impediment to investment, the SBI report said the RBI can cut rates by 0.35-0.50 per cent at its next policy announcement.
These sectors are seeing a marked slowdown, as consumers are postponing purchase decisions amid uncertainty and severe cash crunch, report Ram Prasad Sahu, Sheetal Agarwal & Ujjval Jauhari from Mumbai.
Summary of sports events and persons who made news on Tuesday
Banks seems to be upset over RBI's move over rate cut.
At Priyanka Chopra and Nick Jonas's nuptials, the Adil Manuel Collective played funk, jazz and R&B for longer than planned that evening at the Umaid Bhawan Palace in Jodhpur. One of the couple's friends in the audience yelled: 'Are you guys even from India?' Adil Manuel offered to show her their passports.
StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
It has been 400 years since William Shakespeare died but his legacy lives on.
'The overall stress on asset quality is indeed coming down.'
While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
But it's a journey of a lifetime.
After the Paris terror attacks, "we know what Mumbai-style attack looks like", a leading British daily said on Monday, underlining that this is war in which everyone is equally at risk.
If India grows at 8 per cent, the Indian banks will grow much faster.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
A day after the National Investigation Agency filed a chargesheet against Jaish-e-Mohammed chief Masood Azhar in the Pathankot attack, India took on Pakistan at the United Nations and called on the hostile neighbour to leave behind its ways of terrorism, with the warning saying that, "what you sow will bear fruit".
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The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
HFCs and banks expect a drop in demand for housing loans in the short-term.
Given the hotel's prime location, it is obvious that there will be some serious bidders trying their luck when an auction is held in the second half of this calendar year.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
The government could carry out the demonetisation exercise over periodic intervals along with its surprise element, says Soumya Kanti Ghosh.
Markets end in green with auto, banks on a steady climb.
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
Challenges abound but innovation is key for new banks inorder to survive.
KV Kamath has had a tough journey so far.
Mini Ribeiro gets top chefs to share the best chutney recipes.
Brazilian model Bruna Bernandes -- who wants to become a cardiologist -- is in India to try her luck. She's already worked with SRK and Salman and finds India safer than Brazil.
HDFC, the pioneer, ICICI, the game-changer, and SBI, the original teaser, turned the market on its head.
Here are some of the best photographs clicked across the globe in the month of October.
Bring out your earthenware and clay pots, don your apron and get cooking!
Aditya Puri thinks the government is on track.
