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  • RBI announces monetary policy review: Key highlights | The Financial Express
    are also likely to impact investor sentiment Marginal standing facility rate and Bank Rate at 7 75 pct RBI to create a special ecosystem for startup funding Prospects for the rabi harvest are improving slowly Policy to remain accommodative if fiscal side helps Reforms in Budget to create space for rate cut First bi monthly monetary policy for 2016 17 on April 5 First Published on February 2 2016 1 38 pm Tags Raghuram Rajan RBI Monetary Policy Please Wait while comments are loading More on this story Banks Reserve Bank square off over cash shortages Interest rates not holding back economy says RBI Guv Raghuram Rajan Raghuram Rajan sees himself teaching in US in five years Calculators Tax Calculator House Loan Calculator Financial Planner Inflation Planner Pension Calculator Employee PF Calculator Equity Screener Auto Loan Retirement Plan Savings Investment Guidance Videos BMW 7 series Merc S600 showcased at Auto Expo 2016 Auto Expo 2016 Maruti Suzuki Ignis Baleno RS unveiled Auto Expo 2016 Toyota Innova Crysta MPV makes its India debut Auto Expo 2016 New Hyundai Tucson SUV revealed Galleries IPL 9 auction Market Capitalisation Employment index Vegetable oil import BSE Sensex more PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 New Mahindra cars at the Delhi Auto Expo 2016 In the news PM Narendra Modi inaugurates Paradeep oil refinery Top 10 takeaways Sunny Deol starrer Ghayal Once Again box office collections soar to Rs 14 85 cr by day 2 India s biotech moment A made in India Zika virus vaccine Sanam Teri Kasam collections at Rs 1 25 cr Valentine s Day booster shot missing New Mahindra cars at the Delhi Auto Expo 2016 From Real Madrid

    Original URL path: http://www.financialexpress.com/article/industry/banking-finance/rbi-monetary-policy-review-highlights-of-raghuram-rajans-speech/205751/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 2The Financial Express | Page 2
    objected to the proposed initial public offering IPO seeking to buy back shares owned by foreign investors Proactively de risking the bank FE Bureau January 30 2016 12 12 AM Yes Bank on Friday reported a 25 06 rise in its third quarter net profit supported by a reasonable growth in its net interest income Forex reserves rise 355 10 mn to 347 56 b as on January 22 FE Bureau January 30 2016 12 11 AM Foreign exchange reserves as on January 22 rose by 355 10 million from a week ago to 347 56 billion according to data from the Reserve Bank of India Not departing from inflation framework agreed with govt FE Bureau January 30 2016 12 10 AM Reserve Bank of India RBI governor Raghuram Rajan said on Friday that the central bank has no intention to depart from the inflation framework that has been agreed with the government Dosa economics relied upon to explain low inflation low deposit rate period FE Bureau January 30 2016 12 09 AM Low interest rates in a low inflation period might not be as bad as pensioners consider those and this could be proved using dosa economics according to RBI governor Raghuram Rajan India Inc s unsustainable debts a serious concern S S Mundra PTI January 29 2016 9 48 PM Some of the corporates have raised unsustainable amount of debt from various sources including banks and overseas financial institutions without showing any regard to domestic and global demand situation RBI Deputy Governor S S Mundra said today RBI Guv Raghuram Rajan warns against fiscal deficit driven growth PTI January 29 2016 9 15 PM RBI Governor Raghuram Rajan today warned that aggressive policies for small growth benefits may make India an unstable economy RBI may slash policy rate by 25 bps on Feb 2 Bank of America Merrill Lync PTI January 29 2016 1 15 PM The Reserve Bank of India is approaching the end of its rate cutting cycle and is expected to go for a final 25 bps repo rate cut at its policy review meet on February 2 YES Bank Q3 net profit jumps 25 yoy to Rs 675 74 crore FE Online January 29 2016 12 26 PM The bank s total income increased by 17 49 per cent to Rs 4 122 12 crore for the quarter under review from Rs 3 508 47 crore for the corresponding quarter of the previous year Indian rupee snaps 3 day losing streak up 45 paise to 67 78 vs US dollar PTI January 30 2016 12 14 AM Snapping three day losing momentum the rupee recovered by 45 paise to close at 67 78 per dollar on fresh selling of the American currency by banks and exporters in view of sharp recovery in equities Lenders to meet ISA members today on import duty demands FE Bureau January 29 2016 1 23 AM Lenders will meet members of the Indian Steel Association ISA on Friday over

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/2/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 3The Financial Express | Page 3
    38 AM Public sector lender State Bank of Mysore SBM on Wednesday reported a 72 decline in its net profit at R27 crore for the third quarter ended December 2015 Its net profit in the year ago period stood at R96 crore SKS Micro Q3 net surges to Rs 79 5 cr FE Bureau January 28 2016 12 30 AM SKS Microfinance has posted a net profit of R79 5 crore in the December quarter a 2 increase compared with R77 9 crore in the previous quarter The gross loan portfolio GLP of the company excluding the states of Andhra Pradesh and Telangana registered a 13 rise quarter on quarter and a 93 year on year growth to R6 177 crore HDFC To raise up to Rs 35 000 cr FE Bureau January 28 2016 12 24 AM HDFC on Wednesday said that its board of directors approved the issuance of secured redeemable non convertible debentures NCD aggregating to R35 000 crore on a private placement basis HDFC Q3 standalone net rises 6 7 to Rs 1 520 crore FE Bureau January 28 2016 1 35 AM NII for the third quarter grows 9 to around Rs 2 255 crore IDFC Bank reports Rs 242 cr net profit FE Bureau January 28 2016 12 10 AM In its first quarterly earnings since listing last November IDFC Bank born out of the demerger of IDFC and having started operations just last October reported a net profit of R242 2 crore in the quarter ended December 2015 as its net interest income Q3 profit of IDFC bank stands at Rs 242 crore PTI January 27 2016 7 26 PM In its first quarterly numbers IDFC Bank posted Rs 242 16 crore profit for the three months ended December 31 2015 HDFC Ltd Q3 net profit rises 11 pct to Rs 2 419 crore PTI January 27 2016 6 48 PM Country s largest mortgage lender HDFC today reported a rise of 11 03 per cent in consolidated net profit at Rs 2 419 crore for the third quarter ended December 31 Indian rupee ends above 68 level against US dollar drops 22 paise PTI January 27 2016 6 44 PM Extending losses for the second day the rupee today plummeted by another 22 paise to close at a new 29 month low of 68 05 per dollar on sustained demand for the American currency Chase planning rollout of card free ATMs Associated Press January 27 2016 2 50 AM JPMorgan Chase will install new ATMs later this year that will allow customers to withdraw cash or initiate other transactions using their cellphone Film industry seeks finance ministry s help for bank loans BV Mahalakshmi January 27 2016 2 04 PM The 1 8 billion Indian film industry is seeking intervention from the finance ministry to frame suitable guidelines for banking institutions to fund big budget film projects HDFC Bank net up 20 to R3 357 crore on higher NII FE Bureau January

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/3/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 4The Financial Express | Page 4
    for its U S unit First Hawaiian Bank sources close to the matter said Indian rupee near record trough on outflows FE Bureau January 21 2016 2 32 AM The Indian rupee weakened past 68 per dollar for the first time since September 2013 falling toward its record low as the sell off in emerging markets saps demand for Indian assets Offshore Indian rupee NDF market gains momentum led by global turmoil FE Bureau January 21 2016 2 35 AM The offshore rupee non deliverable forwards NDF market has gained momentum led by global turmoil with the one month and the three month NDF hitting September 2013 lows RBI asks banks to stop Rs 1 000 notes without security thread PTI January 20 2016 10 53 PM The RBI today said it has received complaints about notes of Rs 1 000 denomination without the security thread being in circulation and has asked banks not to issue them in case these are found Central bankers can t solve all economic worries RBI Guv Raghuram Rajan PTI January 20 2016 8 54 PM Stating that monetary policies alone cannot change the world RBI Governor Raghuram Rajan today said the governments need to create an underlying framework for growth in the long term for the world economy China offers banks USD 91 billion ahead of holiday AFP January 20 2016 7 56 PM China s central bank has pledged more than 600 billion yuan USD 91 billion in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year when demand for cash surges ICICI Bank enter South Africa opens branch in Johannesburg PTI January 20 2016 7 48 PM Private sector lender ICICI Bank today said it has entered South Africa by opening a full service branch at Sandton in Johannesburg Perception about large global banks remains low says report PTI January 20 2016 6 56 PM The perception about global banks remains low and was worse last year than what was seen after the 2008 financial meltdown says a report Indian rupee plunges to 28 month low amid global turmoil PTI January 20 2016 7 06 PM Hit by global growth concerns the Indian rupee today crashed below the 68 level after 28 months and closed 23 paise down at 67 95 on fresh demand for the American currency from importers amid a massive fall in domestic stock markets Investors turn highly cautious on lower rated bonds Devangi Gandhi and Bhavik Nair January 20 2016 11 47 AM Fund managers continue to be cautious about investing in debt paper that s rated below AAA Issuances of bonds that don t carry a top notch rating have slowed sharply in the last couple of months Indian Bank to raise Rs 1 100 crore via Basel III compliant bonds PTI January 19 2016 8 56 PM Public sector Indian Bank today said it will raise Rs 1 100 crore through Basel III compliant tier II bonds 1 2 3 4

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/4/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 5The Financial Express | Page 5
    has increased its shareholding in National Housing Bank by contributing Rs 1 000 crore towards the paid capital IDBI Bank to raise Rs 3 771 crore through QIP route PTI January 17 2016 4 00 PM Board of the bank also approved visit of top management team of the bank to larger domestic and International investor centers to target major investor hubs and BFSI focused investors including meetings with big ticket domestic and foreign investors Indian rupee at fresh 28 month low vs US dollar down 30 paise at 67 59 FE Online January 15 2016 7 11 PM Indian rupee dipped by 30 paise to fresh 28 month low at 67 59 on fresh dollar demand from importers in view of persistent foreign capital outflows amidst sharp fall in equities ICICI Bank average ticket size dips on focus on smaller towns FE Bureau January 15 2016 12 07 AM Private sector lender ICICI Bank s growing focus on on tier 2 and tier 3 cities has resulted in a marginal dip in the average ticket size to 35 lakh from 37 lakh executive director Rajiv Sabharwal said on Thursday SBI woos start up firms HNIs by opening dedicated branches FE Bureau January 15 2016 12 06 AM India s largest public sector lender the State Bank of India SBI on Thursday opened an exclusive branch to serve start up companies in Bengaluru Banks get to offer more through off site ATMs PTI January 14 2016 9 43 PM In a move that meant more operational freedom RBI today allowed banks to offer all their products and services through their off site ATMs Smaller towns driving ICICI s home loans book crosses Rs 1 trillion PTI January 14 2016 7 16 PM The lingering slump in the main realty markets has forced the largest private sector lender ICICI Bank to focus on smaller towns to ramp up its home loan book that has now crossed the Rs 1 trillion mark SBI launches wealth management service for start ups PTI January 14 2016 5 10 PM While the wealth management service Exclusif is targeted at the fast growing affluent segment in the country SBI InCube the branch for start ups would offer advisory services to the budding entrepreneurs under one roof SBI Chairman Arundhati Bhattacharya told reporters here Indian rupee falls to lowest since 2013 crisis but traders unfazed Reuters January 14 2016 8 28 PM The fall in the Indian rupee to its weakest since September 2013 has left traders unruffled as they believe the country s sturdier economy and central bank interventions will allow the currency to navigate a difficult global environment United Bank of India to cut bulk deposit rates by up to 1 5 PTI January 14 2016 2 51 PM Public sector United Bank of India today said it will cut interest rates on bulk deposits of Rs 1 crore and above for various maturities by 0 25 1 5 per cent from Monday 1 2

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/5/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 6The Financial Express | Page 6
    CDC invests Rs 330 cr tier II capital in Janalakshmi Fin FE Bureau January 12 2016 12 24 AM UK based CDC Group has invested around Rs 330 crore of tier II capital in domestic microfinance institution Janalakshmi Financial Services CDC said on Monday PM Narendra Modi wants AIIB to focus on infrastructure connectivity in Asian region PTI January 11 2016 9 41 PM The USD 100 billion AIIB should focus on development of infrastructure like rail road and ports with a view to promoting connectivity and growth in the Asian region Prime Minister Narendra Modi said today MoF asks PSU banks to focus on niche areas infra sharing George Mathew January 11 2016 7 48 AM The Ministry of Finance MoF is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure Credit quality poorer default ratings up 40 Devangi Gandhi January 11 2016 1 15 PM Debt weighted credit ratio or ratio of debt upgraded to that downgraded at lowest level in three years Bank credit growth remains in double digits for second fortnight PTI January 10 2016 4 12 PM Bank credit growth was in double digits for the second consecutive fortnight with the latest RBI data showing an 11 05 per cent expansion for the fortnight to December 25 Post Bank likely to handle DBT schemes PTI January 10 2016 3 57 PM The entire direct benefit transfer DBT scheme for distribution of government subsidy is likely to be handled by the Post Bank the new payments bank which will be under the Department of Posts US dollar rises amid upbeat job data IANS January 9 2016 8 30 AM Total non farm payroll employment rose by 292 000 in December beating market estimates of 200 000 and unemployment rate was unchanged at 5 0 percent the US Labour Department said on Friday Non food credit grows 11 2 Y o Y for fortnight to Dec 25 FE Bureau January 9 2016 1 05 AM For the second consecutive fortnight after a gap of seven months non food credit of banks grew in double digits at 11 20 year on year y o y for the fortnight ended December 25 according to Reserve Bank of India RBI data Arcil eyeing possession of Corporate Power s Jharkhand unit under Sarfaesi Act FE Bureau January 9 2016 12 12 AM We are looking to take possession through the powers vested in us under the Sarfaesi Act said Vinayak Bahuguna MD CEO Arcil Yield on new benchmark bonds priced at 7 59 FE Bureau January 9 2016 1 06 AM The cut off yield on the new 10 year benchmark bonds maturing in 2026 has come in at 7 59 according to the data published by the Reserve Bank of India RBI on Friday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 95 Editor s Pick How Zika virus infection can

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/6/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 7The Financial Express | Page 7
    changes that have helped reduce the country s chronically high inflation signaling confidence in Governor Raghuram Rajan s team at the Reserve Bank of India Yuan eases on sharply weaker midpoint central bank seen tolerating depreciation Reuters January 6 2016 11 12 AM China s yuan weakened against the dollar on Wednesday after the central bank set its official midpoint rate for the currency at its lowest level in more than 4 1 2 years Indian Rupee retraces 2 week low of 66 82 vs US dollar PTI January 6 2016 7 31 PM After a brief overnight calmer the rupee once again turned shaky against the US dollar and closed at 66 82 its lowest level in more than two weeks on the back of frantic demand for the American currency Insurers get Rs 12k cr claims from calamities in 3 years Chirag Madia January 6 2016 9 59 AM The insurance industry received claims in the range of Rs 10 000 12 000 crore arising from various catastrophic events in the past three years SDL limits for FPIs remain unutilised for first two days FE Bureau January 6 2016 12 12 AM Sources indicate state governments and market participants discussed issues regarding SDLs in a routine meet chaired by the RBI on Tuesday Indian rupee ends flat at 66 60 vs US dollar PTI January 5 2016 6 40 PM The Indian rupee today recovered from its two week low to end steady at 66 60 against the American currency inching up by a paisa on the back of mild dollar selling FPIs continue to stay bullish on Indian debt securities Bhavik Nair January 5 2016 9 48 AM Lowest bid to acquire limit on G secs on Monday s auction stood at 44 05 basis points compared with 12 5 basis points in the previous auction NPAs muted RoIs likely to hit banks Q3 numbers FE Bureau January 5 2016 12 21 AM Banks earnings for the October December quarter are likely to be weak due to a lack of recovery in loan growth hikes in base rates muted returns on investments SDR not to heal all banking sector woes Religare report FE Bureau January 5 2016 12 20 AM Strategic debt restructuring SDR will not cure all the issues plaguing the banking sector and instead will postpone formation of non performing assets NPA worth Rs 1 50 lakh crore Govt bonds over subscribed FPIs bid worth Rs 14 285 crore PTI January 4 2016 10 09 PM Signalling robust demand for the government bonds an auction of debt securities today attracted bids of staggering Rs 14 285 crore from foreign investors almost double than securities put on offer RBI imposes Rs 1 cr fine on State Bank of Travancore PTI January 4 2016 5 40 PM Reserve Bank of India RBI has imposed a penalty of Rs 1 crore on an SBI associate bank State Bank of Travancore for violation of some of its instructions 1

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/7/ (2016-02-08)
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  • Banking and Finance News:Banking News,Finance News,Bank and Finance News Today | - Page 8The Financial Express | Page 8
    Ghosh December 31 2015 9 25 AM Non performing assets NPAs for a clutch of banks is set to go up by close to Rs 3 000 crore in the current quarter solely on account of six failures in the corporate debt restructuring CDR cell Indian rupee ends marginally up by 1 paise vs US dollar PTI December 30 2015 8 00 PM The rupee recovered from initial losses and finished marginally up by one paise at 66 39 per dollar on fag end selling of the US currency by banks HDFC Bank cuts base rate by 5 bps FE Bureau December 30 2015 12 34 AM Private sector lender HDFC Bank has cut its base rate by 5 basis points bps to 9 3 effective December 28 according to its website BNP Paribas unit picks up 5 in Srei Infra in lieu of JV shares FE Bureau December 30 2015 12 12 AM Srei Equipment Finance a 50 50 JV between Srei Infra Finance and BPLG was formed in 2008 In a first fortnightly CP issuances cross Rs 1 lakh cr Bhavik Nair December 30 2015 12 49 AM Outstanding CPs in the system have hit a lifetime high of Rs 3 8 lakh cr Corporate bond issuances till Nov rise 40 62 FE Bureau December 30 2015 12 48 AM Corporate bond issuances in the first eight months of this fiscal year have risen by 40 62 compared to the same period last fiscal data from the Securities and Exchange Board of India showed Banks recovery up fivefold to Rs 1 15 lakh cr FE Bureau December 30 2015 12 10 AM Banks recovered a total of Rs 1 15 lakh crore in FY15 an increase of nearly 5 times from the amount recovered in the previous fiscal RBI data revealed reports fe Bureau in Mumbai Govt sets up Rs 40K cr NIIF FE Bureau December 30 2015 12 09 AM The government on Tuesday said that it constituted the National Investment and Infrastructure Fund NIIF which is similar to a sovereign fund with a corpus of Rs 40 000 crore to undertake investment in infrastructure projects HDFC Bank cuts lending rate by 0 05 per cent PTI December 29 2015 5 36 PM Following SBI country s second largest private sector lender HDFC Bank has reduced base rate or the minimum lending rate by 0 05 per cent to 9 30 per cent Indian rupee snaps 8 day winning run ends 21 paise down PTI December 29 2015 6 51 PM Snapping its eight day long winning streak against the American currency the rupee dropped by 21 paise to 66 40 on month end dollar demand from importers and some banks Exchanges regulators in talks to extend ETCD trading hours Bhavik Nair December 29 2015 1 13 AM Stock exchanges and regulators are believed to be in talks to extend the trading hours for the exchange traded currency derivatives ETCD market 1 2 3 4 5 6

    Original URL path: http://www.financialexpress.com/section/industry/banking-finance/page/8/ (2016-02-08)
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