Archives for Banks
Rajan likely to step down from RBI governor’s role with rates on hold
Raghuram Rajan will present his last monetary policy on August 9 as governor of the Reserve Bank of India (RBI). And as the curtains fall on his eventful three years…
After Rajan, Who? These 4 Candidates Shortlisted: Report
New Delhi: The government has narrowed down its list of candidates to become the next governor of the Reserve Bank of India to four, a senior government official told Reuters.…
Are fears of Raghuram Rajan’s exit overdone?
On Twitter, it’s already got its own hashtag – #RRexit. The possible exit of RBI Governor, Raghuram Rajan, after his first term is cause for much debate. He has plenty…
Cabinet Okays Yes Bank Proposal To Raise Foreign Investment Limit
New Delhi: The Cabinet Committee on Economic Affairs on Wednesday approved Yes Bank's proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of…
RBI Issues Directions on Merger of Private Sector Banks
Mumbai: The Reserve Bank of India on Thursday came out with a master direction for merger of private sector banks and also between non-banking financial companies (NBFCs) and banks. In…
More rate cuts on lower inflation, good monsoon: Rajan
Reserve Bank may further lower the interest rate if inflation continues to ease and the monsoon turns out to be good, Governor Raghuram Rajan has said. "We are looking at…
How much will a rate cut help?
Everybody is expecting a rate cut by the Reserve Bank of India (RBI), a belief now buoyed by US Federal Reserve chairperson Janet Yellen becoming a super dove in her…
Current Account Deficit To Shrink Further In March Quarter: HSBC
New Delhi: The current account deficit narrowed in the October-December quarter of 2015 and is likely to shrink further in the March quarter of this year, an HSBC report says.…
Uber drivers will get SBI loans at below 12%
MUMBAI: Drivers who ply cars on Uber network can now avail a loan at rates under 12% following a tie up with the State Bank of India. The loans will…
SBI gets board nod to raise remaining Rs 5,000 cr in debt
Banking major SBI said its board has approved raising the remaining Rs 5,000 crore of the Rs 12,000-crore fund raising programme through private placement of Basel-III compliant debt instruments. Earlier…
Who to bank on? Private lenders promise a better deal than PSBs
NEW DELHI: Banking as a sector has come under tremendous stress in last one year. Valuations of some of the stocks in both public and private sectors have turned mouth…
RBI extends swap arrangement with SAARC nations
In order to enhance economic cooperation and strengthen financial stability, RBI has extended the $2 billion currency swap arrangement to SAARC nations till mid-November 2017. The Reserve Bank said in…