Bankers on Tuesday said the RBI's decision to hold key rates, coming after a decisive mandate received by the Narendra Modi government, was on expected lines and interest rates won't change even though the central bank's SLR cut infuses additional liquidity into the system.
'When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,' Deepak Kochhar said in a telephonic conversation with Business Standard.
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
With enough liquidity in the system, lending and deposit rates are likely to fall further
The Governor said RBI does not limit itself too much when there is uncertainty.
In a surprise move, the Reserve Bank on Wednesday left the repo rate unchanged at 7.75 per cent, while the cash reserve ratio too is retained at 4 per cent.
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Five-time World champion Viswanathan Anand made a disappointing start to his campaign at the Tradewise Gibraltar Chess Festival in Gibraltar after he was held to a draw by International Master Szidonia Lazarne Vajda of Hungary in the opening round of the masters section.
Dedicated to the goddess of happiness, this beautiful tourist attraction remains spectacular in its desolation, says Geetanjali Krishna.
Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
With the 50 bps rate cut now more banks are expected to reduce their base rate.
The bank saw loans worth Rs 7,000 crore (Rs 70 billion) slipping into NPAs during the March quarter, taking the gross NPA ratio to 5.82 per cent.
She sung a song for every mood, every situation. Sukanya Verma dives into Asha Bhosle's magnificent repertoire and pulls out gems on her 85th birthday.
Bankers and economists agree rates will soften, though the quantum would depend on banks' asset-liability profile
SBI Chairperson Arundhati Bhattacharya said any rate cut by the bank would depend on a lot many factors.
An app by the bank lets customers carry out a slew of banking functions via the social media site.
Preetisheel Singh lets us into some star secrets.
No business delegation has been cleared yet for Prime Minister Narendra Modi 's visit to America from Friday.
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Business leaders met Manmohan Singh to discuss the problems facing the country.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
The top posts on social media from your favourite Bollywood celebrities.
The Indian-origin head of an extremist Maoist sect, accused of enslaving three women in his home here for 30 years, tried to convince his British followers he was Jesus Christ, a former activist has claimed.
A summary of sports events and sports persons, who made news on Saturday
Issues related with intellectual property rights, including piracy of films and software, figured prominently during the India-US CEO Forum in New Delhi attended by Prime Minister Narendra Modi and US President Barack Obama.
Industry asked the government to be 'brave and bold' and said that it will rise to the occasion.
If India grows at 8 per cent, the Indian banks will grow much faster.
ICICI bank waives ATM charges.
Slow credit off-take to put pressure on margins
Upset that they had not been helped in bad times, the family of legendary playback singer Manna Dey did not accept the request of West Bengal Chief Minister Mamata Banerjee to bring his mortal remains to Kolkata for the last rites.
'Nobody knows what they teach in madrasas.' 'If we do not adapt to the ways of the modern world, how will we progress as a community?' 'How will these children compete in the modern world?'
Unified Payments Interface launched to simplify mobile banking.
It turned out to be a field day for India's young pugilists as they punched their way to an unprecedented nine medals, including four gold, in the Golden Glove of Vojvodina -- an international boxing tournament being held in Kikinda, Serbia.
Nine Indians punched their way into the finals of their respective categories in the Golden Glove of Vojvodina, an international boxing tournament in Kikinda, Serbia.
'The Modi government needs some big private sector trophies to affirm its anti-corruption credentials before the polls.' 'So on whose neck will the sword fall next?' 'To that extent, the outing of the ICICI Bank-Videocon story is cathartic,' says Shekhar Gupta.
The meeting will focus on how to make the crisis an opportunity for India.
Indian Grandmaster P Harikrishna started his campaign by outclassing Eric De Haan of Holland in the first round of the Masters' section of Tradewise Gibraltar Chess festival at the Caleta in Gibraltar.
Question remains, what happens when the overseeing committees' members themselves are questioned by investigative agencies?
Five-time World champion Viswanathan Anand continued to struggle with his form as he lost to 16-year old International Master Benjamin Gledura of Hungary in the seventh round of the Masters section of Gibraltar International Chess festival
