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‘No need for unified regulator for housing finance companies’
May 20, 2013 at 00:01 | Source: The Hindu BusinessLine
Kolkata, May 19: There was no regulatory arbitrage between banks and housing finance companies (HFCs), according to R.V. Verma, Chairman and Managing Director of National Housing Bank (NHB). Speaking to Business Line on Sunday, Verma said that the b...
Rebranding without losing sheen is a challenge for us, says Ratnakar Bank chief
May 20, 2013 at 00:01 | Source: The Hindu BusinessLine
A number of foreign bankers gave up their cushy jobs and moved to relatively unknown old private banks during the past few years. Vishwavir Ahuja, who once headed the Bank of America operations in India, took the plunge three years ago to join as MD...
RBI likely to cut rates at June 17 meet: experts
May 19, 2013 at 22:00 | Source: NDTV Profit
New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India (RBI) is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have s...
May 19, 2013 at 21:22 | Source: The Hindu BusinessLine
With the rupee trading in a range during the past six months, there is relief in corporate treasuries with most companies preferring to hedge for the short term and for smaller exposure. However, the relief is tinged with unease over market uncertai...
RBI likely to cut policy rates at its June 17 meet, say experts
May 19, 2013 at 20:00 | Source: NDTV Profit
New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India (RBI) is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have s...
Mumbai: 23-year-old kills umemployed elder brother due to mental torture, stabbed 12 times
May 19, 2013 at 17:26 | Source: DNA India
Fed up with physical and mental torture for the past two, a 23-year- old man killed his unemployed elder brother by stabbing latter with a sharp knife 12 times at their Mulund residence on Saturday night. The deceased identified as Uday Raj Yadav, 2...
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-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...
Bets rising on three more rate cuts this year
May 19, 2013 at 13:20 | Source: DNA India
With inflation (as represented by the wholesale price index or WPI) at sub-5% for the first time since November 2009, and with the consumer price index (CPI) falling as well below 10%, economists expect the downtrend to continue. Hence, calls are gr...
Market to take cues from FIIs inflows, corporate earnings
May 19, 2013 at 13:10 | Source: Economic Times
Vikrant Shah MUMBAI: Both the benchmark indices Sensex and Nifty closed to new two-and-a-half-year highs as data showing a sharp fall in the wholesale price inflation in April 2013 raised hopes that the RBI may cut interest rates as early as next mon...
RBI likely to cut policy rates at its June 17 meeting: Experts
May 19, 2013 at 13:10 | Source: Economic Times
NEW DELHI: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. ...
Why RBI is likely to cut rates in its June policy meet
May 19, 2013 at 12:39 | Source: FirstPost
New Delhi: Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said.Th...
SBI aims for 25% deposit growth in 2013-14 fiscal
May 19, 2013 at 12:35 | Source: DNA India
State Bank of India is projecting a deposit growth of 25% during the current fiscal compared to 14.85% in 2012-13. We are seeing a very good growth in deposits. We are looking at 25 per cent growth in deposits in the current fiscal. We have not yet ...
RBI likely to cut policy rates at its June 17 meeting: Experts
May 19, 2013 at 12:12 | Source: Financial Express
Taking a cue from the continued downward surprises in inflation and sluggish growth indicators, the Reserve Bank of India is likely to go for further monetary easing in its June 17 policy meet, global investment banking majors have said. The headlin...
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...
Chit fund scam dupes 7 lakh in Odisha
May 19, 2013 at 08:46 | Source: DNA India
When school teacher Basudev Mohapatra retired in 2012, he invested most of his retirement benefits, which amounted to Rs 7 lakh, with the Seashore Group that promised him a whopping 24 per cent interest annually for 6 years before returning his mone...
India Infoline set to seek bank licence
May 19, 2013 at 05:41 | Source: DNA India
The Reserve Bank of India s (RBI) scepticism about brokerages seeking to be full-fledged banks notwithstanding, India Infoline says it will be applying for a banking licence soon. The RBI had, in its draft guidelines, barred companies with exposure ...
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 or SEBI should create awareness against ponzi schemes: SBI
May 19, 2013 at 05:37 | Source: Financial Express
In the backdrop of the chit fund scam, the State Bank of India today said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi schemes. "RBI...or SEBI...
RBI or SEBI should create awareness against ponzi schemes: SBI
May 19, 2013 at 05:37 | Source: The Hindu BusinessLine
Kolkata, May 18: In the backdrop of the chit fund scam, the State Bank of India today said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi scheme...
From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'
