News from other websites on Banking In India
Physical gold market awaits fresh import guidelines
May 22, 2013 at 18:00 | Source: NDTV Profit
Mumbai: Indian gold prices rose half a per cent on Wednesday to extend gains for another session but the physical market remained muted, awaiting fresh guidelines from the Reserve Bank of India (RBI) after restrictions were placed on consignment impo...
Tax refund - A long wait? Here is how to ensure a timely receipt
May 22, 2013 at 15:35 | Source: Economic Times
Sreenivasulu Reddy Senior Tax Professional, Ernst & Young Tax refunds - only few of us get on time, while most of us may have to wait for a long time. There could be several reasons for delays in tax refunds: mismatch in the tax paid details, error i...
Don't kill the chit fund; Saradha wasn't a chit anyway
May 22, 2013 at 15:16 | Source: FirstPost
By R VaidyanathanIt is very unfortunate that the debate on the Saradha multi-layer marketing scam is again and again being discussed as a chit fund gone bad. The solutions being bandied about call for banning all chit fund activities in the country. ...
Banks make base rate scapegoat for not reducing lending rates
May 22, 2013 at 13:08 | Source: FirstPost
"The search for a scapegoat is the easiest of all hunting expeditions," former United States President, Dwight David Eisenhower once said. Indian banks seem to be indeed participating in the easiest hunting expeditions, by playing the blame...
Sensex up 91 points in early trade
May 22, 2013 at 10:30 | Source: DNA India
The BSE benchmark Sensex on Wednesday rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues. The 30-share barometer gained 90.93 points, or 0.45 %, to 20,202.54 points. The ind...
Sensex opens in green, trading at 20,200-level
May 22, 2013 at 10:17 | Source: Zee Business
Mumbai: The BSE benchmark Sensex on Wednesday rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues. The 30-share barometer gained 90.93 points, or 0.45 percent, to 20,202.54 p...
May 22, 2013 at 10:17 | Source: Business Today
Goel, an IIT Delhi Computer Science graduate, who prefers not to reveal his first name, set up an algorithmic, or algo, trading consultancy two years ago. Today, he trades on a host of exchanges, managing around Rs 20 crore worth of funds. "My daily...
Decoding the great Indian real estate ponzi scheme
May 22, 2013 at 10:08 | Source: FirstPost
A headline can sometimes tell you the complete story. The May 20, 2013, Hindi edition of the Business Standard had one such headline. Intehan ho gayi intezar ki, aayi na kuch khabar ghar bar ki (Its been a long time waiting, and there is still no new...
Bond market takes wing hoping RBI answers dovish prayers
May 22, 2013 at 05:15 | Source: FirstPost
MUMBAI (Reuters) - Investors in India's rocketing bond market are betting heavily on the Reserve Bank of India (RBI) shedding some of its habitual caution by both cutting interest rates and injecting liquidity, but some analysts reckon hopes for furt...
The 'Rupee dilemma': What can be done?
May 22, 2013 at 05:07 | Source: Economic Times
By Indranil Sen Gupta, India economist, Bank of America Merrill Lynch It is a relief that the Reserve Bank of India has finally resumed buying FX. In my view, the rupee will continue to trade weak until the RBI reassures investor confidence by recoup...
Cooperative-commercial link could fuel systemic risk: RBI
May 21, 2013 at 23:47 | Source: Financial Express
The Reserve Bank of India (RBI) has stumbled upon a possible nexus between cooperative and commercial banks that, in its opinion, could be allowing large amounts of unaccounted funds to be channelled into banks. The RBI has extended its initial prob...
Yield on G-Secs seen falling to 7.25%-level
May 21, 2013 at 22:27 | Source: The Hindu BusinessLine
Mumbai, May 21: Despite some hardening on Tuesday, the yield on the 10-year benchmark government security (G-Sec) is seen falling to about 7.25 per cent level, say market players. Amid lower inflation and expectations of further interest rate cut by...
People’s confidence in Indian banks intact: Gallup survey
May 21, 2013 at 22:27 | Source: The Hindu BusinessLine
New Delhi, May 21: Despite allegations of involvement in money laundering this year, banks in India got the thumbs up from people in 2012, says a survey by strategic consultant, Gallup, which was released in Washington on Monday. The survey said 70 ...
A bank should have only one broking licence: IRDA panel
May 21, 2013 at 22:27 | Source: The Hindu BusinessLine
Hyderabad, May 21: A corporate bank should be allowed to have only one insurance broking licence, a panel set up by Insurance Regulatory and Development Authority has said. The committee, constituted by the authority to review the IRDA Broking Regul...
Mahatma Gandhi's personal effects, documents fetch over 300,000 pounds
May 21, 2013 at 22:12 | Source: Economic Times
LONDON: Mahatma Gandhi's personal effects and documents, including his prayer beads, blood sample, leather chappals and the iconic leader's last will and testament, went under the hammer today fetching a whopping 300,000 pounds. The last will and te...
Rupee falls further to 55.41 against dollar
May 21, 2013 at 22:08 | Source: DomainB
The rupee, which ended at 55.11 against the dollar on Monday, fell further to close at 55.41 against the dollar today amidst rising importer demand and a weak euro. Traders attributed the extreme fluctuation to dollar demand by a private refiner and...
FDI in pharma has resulted more in mergers and buys, says panel
May 21, 2013 at 21:07 | Source: The Hindu BusinessLine
New Delhi, May 21: The Commerce Standing Committee of Parliament has expressed concern at the way the foreign direct investment (FDI) in pharmaceutical sector operates. Asking the Government to regulate brownfield FDI in the pharma sector, the commi...
May 21, 2013 at 21:07 | Source: The Hindu BusinessLine
There is very little to justify the SBI Chairman’s observation that the housing loan industry is suffering from ‘regulatory arbitrage’ due to multiple regulators overseeing it. At a recent banking conference, he made a strong pitch...
May 21, 2013 at 21:07 | Source: The Hindu BusinessLine
The NHB came into existence when housing in India was considered a non-productive sector that banks were reluctant to finance. Some housing finance companies led by HDFC made the difference and when the disposable income in the hands of the salaried...
BSE Sensex sheds 112 as share sales, Fed meet weigh
May 21, 2013 at 20:22 | Source: DomainB
Benchmark indices fell for the second successive session Tuesday, as the market is trying to digest the heady gains of the past few weeks. Brokers said share sales by promoters trying to meet the 25 percent minimum public shareholding rule, and the ...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
