CRR a useful tool in RBI's hands: SBI chief

P ratip Chaudhari, former CMD, State Bank of India spoke to CNBC-TV18 regarding his expectations from the Budget for banking sector. According to him, the sector needs to see bigger reforms for bank deposits and the tax treatment on bank deposits ...

— By , July 17, 2014 12:15 am The move is expected to reduce Equated Monthly Installment (EMI) of a home loan borrower by 8-10 per cent, which coupled with recent income tax incentives has the potential to boost annual savings of an individual to ...

In a big boost to real estate developers and property buyers, the Reserve Bank on Tuesday said long-term bonds raised by banks for infrastructure and affordable housing lending will be exempted from mandatory reserve requirements. The RBI's move ...

Finance Minister Arun Jaitley and Reserve Bank of India (RBI) Governor Raghuram Rajan have said the framework for payment banks will be announced soon, paving the way for a differentiated bank licence regime in the country. So far, India has only ...

The country's two biggest public sector bank chiefs suggested to allow a portion of their gold deposits as part of their requirement to set aside as cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as ...

The recommendations of the P J Nayak committee on why and how the central government should give up its control of public sector banks (PSBs) have stirred a debate among bankers. The panel, chaired by the former Axis Bank chief, was set up by the ...

KOLKATA: The country's largest public sector bank State Bank of India (SBI) increased its business by Rs 3,58,234 crore in 2013-14, but posted a lower net profit. Announcing the bank's financial results for 2013-14 here on Kolkata, SBI chairman ...

3:31 p.m. Sensex ends 216 points higher at 24,121 after earlier rallying 1470 points on BJP's big win. Though the markets came off sharply from its day's high of 25,375.63, buying was seen at lower levels and it is likely to keep markets supported, ...

BSE Sensex saw wild swings on election result days in 2004 and 2009 3:05 p.m. CLSA's Christopher Wood in the newsletter Greed & Fear says decisive mandate gives Modi a much greater chance of effecting real change and driving a new investment ...