Only two banks - Union Bank of India and United Bank of India - took a cue from the Reserve Bank of India (RBI)’s repo rate cut and reduced their base rates. RBI reduced the repo rate by 25 basis points (bps) to 7.75 per cent on January 15. The two banks also reduced their base rate by 25 bps each. Base rate is the benchmark lending rate to which all loan rates are linked. Several banks, however, explored whether there was room for reduction in the base rate over the past fortnight ... Rediff.com, 3 weeks ago
India's forex kitty high, but may not cushion extreme volatility: RBI - Rediff.com, 2 weeks ago
Black-money sleuths seek HSBC transaction data - Rediff.com, 2 days ago
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If RBI continues to cut rates, banks and other financial firms’ out-performance is likely to continue The Reserve Bank of India surprised the market last week when it cut policy rates by 25 basis points. The central bank must be satisfied that consumer inflation is under control. One concrete target was that RBI wanted Consumer Price Index inflation to be six per cent or less, year-on-year (y-o-y), for January 2015. Since CPI y-o-y for December 2014 was five per cent, that January ...Rediff.com, 1 month ago Realtors unhappy over RBI policy; seek interest cut in future Rediff.com, 3 weeks ago India keeps interest rates on hold Himalayan times, 3 weeks ago RBI unlikely to cut rates soon Himalayan times, 1 month ago
Investor enthusiasm for Prime Minister Narendra Modi’s policies is starting to wane, and only big-ticket reforms in the Budget can give it a boost, notes Andy Mukherjee The upcoming Union Budget will be a test of just how many big ideas Prime Minister Narendra Modi can squeeze into a narrow fiscal space. Curbing the federal deficit is the government’s absolute priority on February 28. New Delhi is desperate to revive private investment, and the Reserve Bank of India has made it ...Rediff.com, 4 days ago
This Budget could well determine if the largely publicised ‘Achche Din’ would materialise With the annual Budget just around the corner, expectations from the finance minister are sky high. Considering the fact that this is going to be the first full-fledged Budget of the Narendra Modi government, this Budget could well hold the key to our financial future for a complete year. From the common man on the street fed up with inflation and price rise, to the average housewife worrying ...Rediff.com, 5 days ago Public banks demands remain largely unmet in Budget Rediff.com, 6 hours ago Taking stock of Budget promises Rediff.com, 6 days ago Why the Budget needs to be demystified Rediff.com, 1 week ago
If reforms progress and the RBI is able to continue to trim rates, India is likely to attract increasing notice from global investors, notes James Saft. Image: India’s 7.5 percent clip of economic growth has edged out China’s 7.3 rate. Photograph: Reuters Titularly now the fastest-growing major economy, India, having left China behind, is positioned for a good year, both in its economy and financial markets. India’s 7.5 percent clip of economic ...Rediff.com, 5 days ago Indian markets remained steady in the face of global worries Rediff.com, 1 month ago India Inc rushes to global markets to tap low cost funds Rediff.com, 2 months ago Markets to remain volatile on global cues Rediff.com, 2 months ago
The entry of niche lenders in the banking system is going to pose a challenge of a high attrition rate among staffers at existing banks cautioned R Gandhi, deputy governor, Reserve Bank of India. “We’ve been telling banks to expect people to hop from one institution to another. The old method of developing a cadre and expecting them to continue for life is going to change. Attrition is going to be the norm,” said Gandhi, at an event at the National Institute for ...Rediff.com, 1 week ago
Interest rate sensitive realty and baking stocks bore the brunt of selling after the Reserve Bank of India left repo rate unchanged at 7.75 percent, but cut SLR by 0.50 percent to 21.50 percent. Markets were expecting the central bank to continue the rate cut ...Jagran Post, 3 weeks ago To cut or not to cut: Tug of war between RBI and govt Rediff.com, 3 weeks ago RBI may cut interest rate further in policy review this week Jagran Post, 4 weeks ago Is this a good time to invest in interest rate-sensitive stocks? Rediff.com, 1 month ago
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The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797. Benchmark indices closed lower on Monday as caution prevailed a day before the RBI policy review. Further, slower growth in Indian factory activity dampened market sentiment. The 30-share Sensex ended lower by 61 points at 29,122 mark and the 50-share Nifty slipped by 12 points to close at 8,797. However, broader markets outperformed the benchmark indices- BSE Midcap and ...Rediff.com, 3 weeks ago Markets at close: Sensex, Nifty fall as RBI dashes rate cut hope Rediff.com, 2 months ago Markets end at record highs; ITC, banks outperform Rediff.com, 1 month ago Markets end at record closing highs; Nifty tops 8,700 Rediff.com, 1 month ago
Many of India’s 29 states are large emerging markets in themselves: Uttar Pradesh has more people than Brazil; Maharashtra is as populous as Mexico. Image: The upcoming Budget gives Finance Minister Arun Jaitley a chance to let states boost spending, say experts. Photograph: Reuters The states of India deserve a break. They have been living under harsh budget constraints that New Delhi has seldom accepted for itself. The upcoming Budget gives Finance Minister Arun Jaitley a chance ...Rediff.com, 1 month ago
"The guidelines are credit positive for Indian banks because they make clear that banks will be required to hold the additional capital amid periods of rapid credit growth," Moody's said in a report. Last week, Reserve Bank of India had issued guidelines on ...Jagran Post, 2 weeks ago RBI asks banks to ease norms for individual borrowers Jagran Post, 1 month ago No discrimination for borrowers, RBI mandates Rediff.com, 1 month ago
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