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Interest rate cut: Arun Jaitley clear what he wants, but says it's RBI's responsibility

Sep 21, 2015 at 09:00 | Source: FirstPost

Hong Kong - Finance Minister Arun Jaitley on Sunday said monetary policy plays an important role in economic growth and hoped the Reserve Bank of India (RBI) would act appropriately with a sense of responsibility in this regard."RBI historically...

Arun Jaitley at it again, urges RBI to act responsibly and cut rates

Sep 21, 2015 at 09:00 | Source: FirstPost

Hong Kong - Finance Minister Arun Jaitley on Sunday said monetary policy plays an important role in economic growth and hoped the Reserve Bank of India (RBI) would act appropriately with a sense of responsibility in this regard."RBI historically...

Arun Jaitley at it again, exhorts RBI to act responsibly and cut rates

Sep 21, 2015 at 08:13 | Source: FirstPost

Hong Kong - Finance Minister Arun Jaitley on Sunday said monetary policy plays an important role in economic growth and hoped the Reserve Bank of India (RBI) would act appropriately with a sense of responsibility in this regard."RBI historically...

Why small and payment banks will be a pincer attack on India's banking oligopoly

Sep 17, 2015 at 18:13 | Source: FirstPost

With the announcement of the grant of in-principle approvals to 10 small finance banks yesterday (16 September), the Reserve Bank of India (RBI) has kicked off its second leg of transformative changes in the banking system. The first leg consisted of...

India plans to address some pending tax disputes within days - Jaitley| Reuters

Sep 17, 2015 at 11:45 | Source: FirstPost

NEW DELHI India plans to address some pending tax disputes in the next few days, Finance Minister Arun Jaitley said on Thursday, but did not give details or say whether the cases in question included disputes with foreign companies that have spooked ...

Call drops: DoT heightens pressure on operators, rings up promoters to act

Sep 11, 2015 at 07:38 | Source: FirstPost

New Delhi: Stepping up pressure on mobile operators to check call drops, the government has asked their promoters including Anil Ambani, Kumar Mangalam Birla and Sunil Mittal to directly intervene to address the issue, failing which the companies wou...

Call drops: DoT rings up owners, customer compensation likely

Sep 10, 2015 at 21:11 | Source: FirstPost

New Delhi: Stepping up pressure on mobile operators to check call drops, the government has asked their promoters including Anil Ambani, Kumar Mangalam Birla and Sunil Mittal to directly intervene to address the issue, failing which the companies wou...

Govt to tax collectors: give foreign companies a break| Reuters

Sep 05, 2015 at 01:30 | Source: FirstPost

MUMBAI India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds and companies, as the country seeks to repair an image dented by high-profile tax battles.The latest ...

Airtel, Idea hike post-paid data tariffs by 20% in Delhi; Vodafone holds back

Aug 31, 2015 at 08:56 | Source: FirstPost

New Delhi - After increasing data tariffs for pre-paid customers in Delhi, Bharti Airtel and Idea Cellular have now hiked charges for their post-paid users by around 20 percent in various circles including the national capital.A couple of months back...

Vodafone India joins 4G race, to launch services by year end

Aug 28, 2015 at 14:33 | Source: FirstPost

Vodafone India said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year, joining rival Bharti Airtel in offering faster data services.India's telecommunications market is bracing for heated com...

GSMA's new mobile IoT initiative supports LPWA solutions

Aug 24, 2015 at 13:17 | Source: FirstPost

The GSMA has announced Mobile IoT Initiative -- a new project designed to address the use of Low Power Wide Area (LPWA) solutions in licensed spectrum.The initiative is backed by 26 of the worlds leading mobile operators, OEMs, chipset, module and in...

Tough challenges await Chandrashekhar Ghosh's Bandhan in its commercial bank avtaar

Aug 24, 2015 at 07:46 | Source: FirstPost

On Sunday, Kolkata-based microfinance institution (MFI), Bandhan Financial Services formally converted itself into a full service commercial bank, thus becoming the latest private sector bank in the country. Bandhan is one of the two entities, which ...

Some PSU banks are dead ducks: Modi has to rethink his aversion to the P-word

Aug 22, 2015 at 13:10 | Source: FirstPost

Indian public sector banks have been in bad shape for a while now, thanks to an overload of bad loans, which are close to topping Rs 3,00,000 crore. But the issue now is no longer about providing them with additional capital and giving them better le...

Payments banks to change banking habits of Indians: Jaitley

Aug 21, 2015 at 21:12 | Source: FirstPost

New Delhi: The proposed payments banks will change banking habits in the country as more and more people entering formal banking network would act as a "game-changer" for the economy, Finance Minister Arun Jaitley said today.RBI has given n...

Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market

Aug 20, 2015 at 16:24 | Source: FirstPost

The Reserve Bank of India (RBI) has chosen just 11 out of 41 applicants to set up payments banks in the country. Payments banks are institutions that will offer most of the banking services except loans and credit card products to retail customers. C...

It is a big deal. Why payment banks will change the banking game for you and me

Aug 20, 2015 at 15:47 | Source: FirstPost

The Butterfly Effect holds that a butterfly flapping its wings in some place can, in theory, cause a hurricane somewhere else weeks down the line. The term, coined by Edward Lorenz, came into vogue as weather forecasters saw that a small variation in...

Payments banks pose risk to public lenders market share: Fitch

Aug 20, 2015 at 12:52 | Source: FirstPost

New Delhi: The proposed payments banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said today.The Reserve Bank yesterday gave 'in-principle' nod to 11 entit...

It's a big deal. Why payment banks will change the banking game for you and me

Aug 20, 2015 at 12:47 | Source: FirstPost

The Butterfly Effect holds that a butterfly flapping its wings in some place can, in theory, cause a hurricane somewhere else weeks down the line. The term, coined by Edward Lorenz, came into vogue as weather forecasters saw that a small variation in...

India Post says open to partnerships for payments bank

Aug 20, 2015 at 12:41 | Source: FirstPost

Mumbai: Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies."We are very excited about it. We have our own strength in te...

Payments banks: With India Post getting RBI nod, Indias biggest bank for poor is in the making

Aug 20, 2015 at 11:43 | Source: FirstPost

The Reserve Bank of India (RBI) has chosen just 11 out of 41 applicants to set up payments banks in the country. Payments banks are institutions that will offer most of the banking services except loans and credit card products to retail customers. C...

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