MONEY & BANKING


MDT/PTI 18 September 2012
According to RBI deputy governor Chakrabarty reduction in policy rates will not serve any purpose unless banks bring down their spreads and pass on the benefits to borrowers New Delhi: Banks are not passing on the benefit of cut in policy rates to the borrowers, Reserve Bank of India...

Read More



MDT/PTI 18 September 2012
CREDAI president Jain said Financial Services Secretary DK Mittal has asked banks to fund under-construction projects on priority basis as well as projects in tier II and III cities   Mumbai: Cash-strapped realty players have sounded upbeat after the Finance Ministry and bankers...

Read More



MDT/PTI 17 September 2012
The four-fold jump in fee income will be made possible primarily by a loan syndication service which SIDBI is launching soon and also earnings from its recently launched credit consultancy centres at SME clusters   Mumbai: Small Industries Development Bank of India (SIDBI) is...

Read More



MDT/PTI 14 September 2012
RBI said banks may use ratings of SME Rating Agency of India in addition to grades provided by other agencies, to assign risks to loans for computing capital adequacy requirements Mumbai: The Reserve Bank of India (RBI) has said banks may use ratings of SME Rating Agency of India...

Read More



MDT/PTI 11 September 2012
According to a report by Prime Database, during the first quarter about 86 institutions and corporates raised funding of Rs64250 crore from private placement market Mumbai: As bank credit remained costly given the high interest rate, corporates turned to private placement market to...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 10 September 2012
All microfinance investment vehicles need to introspect and bring in a positive control environment that can encourage accountable and responsible investing. That alone can usher in an era of responsible microfinance on the ground A previous articlei emphasized the importance of having...

Read More



Moneylife Digital Team 10 September 2012
From now on, education loan applicants will now why their applications got rejected   To make sure that education loans are not denied to eligible students, finance minister P Chidambaram has announced that bank officers rejecting applications without sufficient reasons would be...

Read More



MDT/PTI 10 September 2012
Earlier, Ministry of Home Affairs had also denied security clearance to applications by Parsian Bank and two other Iranian banks fearing threat of money laundering and terror financing in banking transactions   New Delhi: The Finance Ministry has declined permission to Iran's Parsian...

Read More



MG Warrier MG Warrier 10 September 2012
To ensure that temptations of the government emanating from external compulsions do not to dilute the strength of RBI’s balance sheet, the government should take measures to augment the share capital of the RBI after amending the RBI Act The building up of the contingency reserve is...

Read More



MDT/PTI 07 September 2012
Gross NPAs for nationalised bank, excluding SBI and its associate banks, rose to Rs73,038 crore in June from Rs66,795 crore at the end of March 2012    New Delhi: The Union Government has said the gross non-performing assets (NPAs) of nationalised banks, excluding State Bank of India...

Read More



MDT/PTI 07 September 2012
The PMEAC chairman says given the large scale infusion needed into 26 public sector banks, a long-term programme will have to be drawn up by the government   Mumbai: Acknowledging difficulties in recapitalisation of public sector banks (PSBs), C Rangarajan, chairman of the Prime...

Read More



MDT/PTI 07 September 2012
RBI want banks to offer more or less similar rates to all depositors, although a reasonable difference is fine instead of treating poor customers badly by offering lower rates on their deposits and reward the rich with higher prices   Mumbai: Reserve Bank of India (RBI) deputy...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 06 September 2012
Even if voluntary codes are to be used for fund managers (or even for the funds themselves), it would be important to have some regulatory oversight into the actual implementation of these in microfinance   A previous article Regulation and supervision of microfinance investment...

Read More



MDT/PTI 06 September 2012
The National Housing Bank is considering norms that would allow housing finance companies to sell non-real estate loans and guarantees for funding purposes   New Delhi: The National Housing Bank (NHB) said it is considering coming out with norms that will allow housing finance...

Read More



MDT/PTI 06 September 2012
Hinting at reduction of SBI's base rate, Pratip Chaudhuri said, if there is a CRR cut then there is a possibility for it   Mumbai: State Bank of India (SBI) chairman Pratip Chaudhuri said he expects the Reserve Bank of India (RBI) to leave the key policy rates unchanged, but sees a...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 05 September 2012
Irrespective of wherever the fund or fund managers get investment from, regulating/supervising MIVs at the place of incorporation and/or where their establishment exists would be most appropriate Micro-finance investment vehicles (MIVs) have been a topic of recent discussion, courtesy...

Read More



MDT/PTI 05 September 2012
While the SBI chairman termed the statement of the Governor Subbarao as 'a joke', Dr Charkabarty said the SBI chief is not ready to listen to the regulator, and there cannot be any regulatory issues   Mumbai: Reserve Bank of India (RBI) Governor Duvvuri Subbarao played down the cash...

Read More



Moneylife Digital Team 30 August 2012
Since we Indians do not believe much in making non-cash transactions, the RBI is taking measures to facilitate customers for doing so. With low penetrations of ATMs and POS, the question is-How soon is it possible?   RBI governor D Subbarao said recently that India has one of the...

Read More



According to Dr KC Chakrabarty, our government is borrowing too much and our country is borrowing too much   Chennai: The Reserve Bank of India (RBI) has voiced concern over 'too much' borrowing by the government, high inflation and fiscal deficit, reports PTI.   "Our...

Read More



Pratip Chaudhari, chairman of SBI defended his views on CRR saying that when the deputy governor (Dr Chakrabarty) was a bank chairman, he was asking for the same Mumbai: Making a strong case for abolition of cash reserve ratio (CRR), country's largest lender, the State Bank of India...

Read More

Free Helpline
Legal Credit
Feedback