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The Bankex was the worst performing index last week, falling 7.5% versus a 4.5% in the Sensex and the Nifty and a 6% fall in midcaps. CNBC-TV18's Vidhi Godiawala.
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It is learnt from the sources that SEBI's mutual fund advisory committee is thinking over the possibility of making fund house pay the brokerage fees as well as securities transaction tax from their own pockets. CNBC-TV18's Vidhi Godiawala reports more quoting sources on what it means to the Mutual Funds (MF) industry.
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It’s not just State Bank of India’s special home loan scheme or the bank's investment in Tata Motors finance that's not finding support from the regulator. It is learnt that the SBI's proposed joint venture with Bharti Airtel too is likely to hit RBI hurdle, reports CNBC-TV18’s Vidhi Godiawala.
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What's a fund without a fund manager? A rudderless ship. And that's the biggest problem the mutual fund industry is grappling with. CNBC-TV18's Mitra Joshi and Vidhi Godiawala report.
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State Bank of India is all set to provide or keep aside a large amount of money for bad loans in the first quarter as well.
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Drug research firm Matrix no longer exists, at least in name. It has taken on the name of American drug giant Mylan, which bought a majority stake in the company three years ago and will help bring Mylan's drugs into the Indian market, report CNBC-TV18's Shikha Raina and Vidhi Godiawala.
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Citibank may continue to face heat from the regulator over the Shivraj Puri fraud issue. Sources tell CNBC-TV18 that the RBI is dissatisfied with the bank's replies to its show cause notice, reports CNBC-TV18’s Vidhi Godiawala.
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Ramsarup Industries may de-merge its steel unit, reports CNBC-TV18's Vidhi Godiawala.
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Global banking major HSBC is expanding its footprint in Asian economies with India being one of its key markets. CNBC-TV18's Vidhi Godiawala spoke exclusively to HSBC's Asia Pacific chief executive, Peter Wong and discussed with him their growth strategy as well as their foray into Asia, especially, India.
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Coffee culture is gathering steam here in India. Global coffee giant, Lavazza, expects India to be its biggest revenue generator, after Italy, in the coming years. CNBC-TV18’s Tanvi Shukla and Vidhi Godiawala share that the company is setting up an Rs 120 crore facility in Chennai.
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RBI governor Subbarao will be walking a tightrope this time. With inflation close to double digits, an increasing number of economists are asking him to break from the calibrated 25 basis point hike that he has been doing and give the market a stronger dose. Yet that's not the majority expectation.
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Lenders have kicked off the debt restructuring process of India's second largest microfinance institution - Spandana Sphoorty Financial. Its total debt at Rs 3,325 crore is the highest in the industry, reports CNBC-TV18’s Vidhi Godiawala.
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The first of the MFI restructurings is coming to a close. Small Industries Development Bank of India (SIDBI) along with 10 other banks have recast debt of unlisted MFI future financial services without adding any fresh loans.
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OP Bhatt, chairman of State Bank of India (SBI) since 2006, has retired. During his five-year stint, Bhatt was noted as much for his success in capturing market share, as for his penchant for taking on the regulator. CNBC-TV18’s Vidhi Godiawala profiles the veteran banker.
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Apparel manufacturer Koutons Retail has admitted that debt clouds are hanging over the company and there is no other option than planning for debt restructuring to recast debt.
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Banks have given the RBI feedback on the Malegam panel recommendations, reports CNBC-TV18’s Vidhi Godiawala quoting sources.
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Six MFIs, including SKS has approached the cost debt restructuring (CDR) cell for restructuring their debt, reports CNBC-TV18's Vidhi Godiawala, quoting sources.
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Spanish wind power giant Gamesa will invest Rs 400 crore to manufacture wind power equipment in India. it has also brushed aside speculation of interest in buying a stake in Suzlon. Anchal Gupta and Vidhi Godiawala report.
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Policymakers in the power sector are not tetchy about budget 2011. However, power companies are complaining loud and clear. They say a lot more has to be done to re-energise the sector. CNBC-TV18’s Anchal Gupta and Vidhi Godiawala share the details of the complaints from budget 2011.
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State governments today met the RBI over the issue of regulation of the microfinance sector. They said they have no objection to RBI and NABARD regulating the sector, but want a central law, that will permit the state governments to intervene when they feel the need, reports CNBC-TV18’s Vidhi Godiawala.
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Farmers must be able to sell their produce directly to city vendors or retailers, and not have to go through mandis - a sentiment echoed by economists as vegetable prices skyrocketed. But is this criticism of the APMC Act in keeping with farmer sentiment? CNBC-TV18's Gopika Gopakumar and Vidhi Godiawala report.
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Mutual fund houses have a big reason to smile right now! With interest rates rising and volatility in the markets, demand for fixed maturity plans (FMPs) has surged. CNBC-TV18's Mitra Joshi and Vidhi Godiawala report.
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He may have championed the cause of investor protection and cracked the whip on erring corporate houses, but SEBI chairman CB Bhave will be best known for giving the mutual fund industry sleepless nights. CNBC-TV18's Tanvi Shukla and Vidhi Godiawala wrap up his three-year term.
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For all those customers who have been complaining about the poor service offered by banks and their high charges, it's time to smile. CNBC-TV18's Vidhi Godiawala learns the RBI appointed Damodaran Committee on customer services strongly supports zero or very low balance for all savings accounts.
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The Reserve Bank of India (RBI) had held the pre-credit policy meeting today. Bankers were likely to seek some relief from the RBI to cool off inflation, reports CNBC-TV18.
