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Cobrapost sting: NABARD chief gives clean chit to co-operative banks
May 19, 2013 at 17:26 | Source: Financial Express
Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity. "Every year we do an inspection and we ha...
Cobrapost: NABARD chief gives clean chit to co-operative banks
May 19, 2013 at 16:27 | Source: FirstPost
Mumbai: Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity."Every year we do an inspectio...
Cobrapost: Nabard chief gives clean chit to co-op banks
May 19, 2013 at 14:52 | Source: The Hindu BusinessLine
Mumbai, May 19: Amid allegations of co-operative banks being used as conduits for money laundering, Nabard, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity.“Every year we do an...
Cobrapost: NABARD chief gives clean chit to co-operative banks
May 19, 2013 at 14:26 | Source: DNA India
Amid allegations of co-operative banks being used as conduits for money laundering, NABARD, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity. Every year we do an inspection and we hav...
RBI should become sole regulator for home loans
May 19, 2013 at 09:32 | Source: Financial Express
The State Bank of India on Saturday suggested that the Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies. �I see no justification for having a separate regulator for home loans,� Stat...
State Bank of India suggests RBI as single regulator for all home loans
May 19, 2013 at 05:37 | Source: Financial Express
The State Bank of India today suggested that the (RBI) Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies. "I see no justification for having a separate regulator for home loans. Perhaps t...
RBI should regulate all home loans, says SBI chief
May 18, 2013 at 16:39 | Source: FirstPost
Kolkata: The State Bank of India today suggested that the Reserve Bank of India should be the regulator for all home loans provided by banks or housing finance companies."I see no justification for having a separate regulator for home loans. Per...
Cyprus drops limits on 8 more foreign banks
May 18, 2013 at 05:25 | Source: Economic Times
NICOSIA: Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country. The Finance Ministry said in a new decree the capital control exemption...
Cooperative societies more bankable for poor: RBI study
May 18, 2013 at 00:17 | Source: The Hindu BusinessLine
Mumbai, May 17: Cooperative societies are seen by the poor as more approachable than banks, according to the findings of a Reserve Bank of India research study in Kerala. The study of the portfolios of the poor, based on data provided by 107 poor ho...
ABN AMRO to cut 400 jobs as profit plunges 17 per cent
May 17, 2013 at 17:37 | Source: Financial Express
Dutch banking major ABN AMRO today said it will cut 400 jobs as part of a reorganisation drive and the reductions will be done through natural attrition and internal reallocation. The bank announced reorganisation in the commercial and merchant bank...
Mauritius banks say strict rules leave no scope for illicit activities
May 17, 2013 at 16:17 | Source: The Hindu BusinessLine
Port Louis, May 17: Dismissing the perception of Mauritius being a route for round-tripping and laundering of black money to and from India, the country’s banking industry body says the laws governing its banks are too stringent to be abused f...
May 17, 2013 at 16:17 | Source: The Hindu BusinessLine
Amsterdam/New Delhi, May 17: Dutch banking major ABN AMRO today said it will cut 400 jobs as part of a reorganisation drive and the reductions will be done through natural attrition and internal reallocation. The bank announced reorganisation in the...
ABN AMRO to cut 400 jobs as part of reorganisation drive
May 17, 2013 at 16:15 | Source: Business Today
PHOTO: Reuters Dutch banking major ABN AMRO will cut 400 jobs as part of a reorganisation drive and the reductions will be done through natural attrition and internal reallocation."The reorganisation is expected to lead to a reduction of approximate...
Aditya Birla Money's six reasons why market rally will continue
May 17, 2013 at 12:11 | Source: Economic Times
NEW DELHI: Buoyed by global sentiments and expectations of an RBI rate cut, Indian markets have rallied substantially in the past few days. While analysts acknowledge that the market is likely to remain volatile, some are of the opinion that the ral...
May 16, 2013 at 23:12 | Source: The Hindu BusinessLine
“Reforms’ unintended fallout” (Business Line, May 15) is inspiring enough to make one surf through the RBI working paper referred to by the writer. Financial exclusion is a fallout of liberalisation policies pursued for more than t...
Farm loans: AP allocates Rs 500 cr
May 16, 2013 at 20:40 | Source: The Hindu BusinessLine
Vijayawada (AP), May 16: Andhra Pradesh Minister of finance Anam Ramnarayana Reddy said that the AP State government allocated Rs 500 crore in the 2013-14 budget to meet the expenditure under interest free agricultural loans. He told reporters here ...
HSBC plans to cut 14,000 jobs to save up to $3 bn by 2016
May 16, 2013 at 15:12 | Source: DomainB
Global banking giant HSBC Holdings Plc said yesterday that the group plans to achieve additional $2 to $3 billion in cost reduction by 2016, in continuation of its strategic plan outlined two years ago. The massive cost savings plan would include cu...
The time for China interest rate reform is now
May 16, 2013 at 08:36 | Source: Market Watch
BEIJING (Caixin Online) — Now is the right time to loosen state controls on interest and exchange rates, a move that can only serve to boost the country’s market economy. At a State Council meeting on May 6, nine priorities were mapped out to wi...
HSBC bank accelerates cost cutting in drive for profit boost
May 15, 2013 at 18:02 | Source: Financial Express
HSBC bank plans to cut annual costs by up to another $3 billion and may axe a further 14,000 jobs as Europe's biggest bank strives to drive profits in the face of sluggish growth outside Asia. HSBC's new cost-cutting drive, stretching out to 2016, w...
Japan’s Nikkei jumps to reclaim 15,000, lead Asia
May 15, 2013 at 14:52 | Source: Market Watch
HONG KONG (MarketWatch) — Japanese shares soared Wednesday on the back of a weaker yen and strengthening expectations for earnings growth, sending the benchmark Nikkei Stock Average above the 15,000-point level for the first time in more than five...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
