Analysts expect banks with a strong deposit franchise to benefit from SBI's rate cut as they too are likely to follow the leader.
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
News of all that transpired on and off the football field.
HDFC Bank has ensured that no bank will be able to match them in the near future without bleeding on margins.
If the stock lending and borrowing scheme is to take off, the duration for which stocks are lent needs to be much longer; in Western markets, stocks are loaned for as long as six months and are far more flexible, with put and call options built in. In other words, the lender and the borrower can call for the shares or the money, even before the contract ends.
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The right sequence would be to gradually reduce SLR
Demonetisation is the biggest reason for the rise in preference for small savings.
Also says PSU banks divestment to be considered after improvement in governance
Security researchers with Kaspersky Lab have recorded more than 45,000 attacks in 99 countries, including the UK, Russia, Ukraine, India, China, Italy, and Egypt.
Banks are expecting a 25-basis-point increase in the repo rate (7.75 per cent at present) -- the central bank's short-term lending rate against government securities -- when the Reserve Bank of India announces its monetary policy on April 24.
The mining baron and former Karnataka minister, Gali Janardhana Reddy, has spared no expense or effort to make sure that his daughter Brahmini's wedding is the biggest, fattest wedding that Bengaluru has ever witnessed.
Earlier this month, RBI had raised loan to value ratio to 75 per cent from 60 per cent earlier.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
With a sole mandate of inflation targeting, RBI wears many hats.
'Investors should restrict themselves to a few category schemes with high quality portfolios apart from overnight and liquid funds.'
Public banks refrained from buying CDs of private banks, CPs of companies. The Reserve Bank of India had opened a 14-day repo window of Rs 20,000 crore (Rs 200 billion) for banks at 11 per cent to lend to the mutual fund industry on October 15.
V Vaidyanathan, former executive director at ICICI Bank who turned entrepreneur to run Capital First, an NBFC that caters to smaller businesses, tells Pavan Lall in an exclusive interview that his new entity post the merger of Capital First and IDFC Bank which will be called IDFC First will launch by January and cater to a new India with value services.
Focus to be on unbanked areas; initial capital is set at Rs 100 crore; India Post can apply.
The total quantum of non-performing assets in the Indian banking system increased to Rs 7.33 trillion as of June 2017, from Rs 2.75 trillion in March 2015.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
Tight bowling and fifties from Shikhar Dhawan and Dinesh Karthik helped India secure a series-levelling six-wickets victory against New Zealand in the second One-Day International in Pune on Wednesday.
Sukanya Verma looks at the various baap-beti equations depicted on the screen.
The surge in oil prices has also affected the rupee, which hit a 6-week low of 70.25 on Friday against the dollar.
The repo rate, at which RBI lends to the banking system, will be at 7.5%
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.
The venue for Saturday's meeting was shifted at the last minute from the headquarters of the India Banks' Association in Cuffe Parade to avoid media glare.
Cyprus and India also finalised an agreement on combating terrorism, illicit drug trafficking and organised crimes.
Urban housing mortgage major HDFC announced that it will cut its lending rates by the end of the week.
The awarding of in-principle licences for 10 small finance banks is likely to be a game changer in a way which may not be adequately realised right now.
Prof Ananth Narayan, well known financial expert who works as a faculty member at the SP Jain Institute of Management and Research and the RBI's nominee director on the board of Yes Bank, expects a double-digit contraction in India's GDP this fiscal year. In the first of a two-part interview to Shobha Warrier/Rediff.com, Prof Narayan, below, says, "Giving liquidity and loan to cover the cash flow problem is not sufficient because you are essentially increasing the debt of many of these companies. And they might not be able to bear the burden."
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Yara Shalaby set up the Middle East's first women's rally team, the Gazelle Rally which has seven drivers and has secured sponsorship for 2016.
Musharraf met the US National Security Adviser.
Rajan drew attention towards the Nachiket Mor committee on PSL and said that the RBI is trying to make the entire process more effective.
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
'The theme of death seems to be a theme about which many of us, raised in Western societies, have almost completely removed from consciousness; it represents a theme that is suddenly and forcefully resurging now.' 'And for some, this is scary and destabilising.'
Historically, overall credit has grown at 1.6 times GDP growth
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