RBI report on gold loans beneficial to companies
The recent observations by the Reserve Bank of India (RBI) on gold loan companies are expected to help NBFCs (non banking finance companies). RBI has recommended LTV (loan to value…
RBI should allow 2 per cent interest on current account deposits: SBI
Ahead of RBI's monetary policy review, SBI today expressed hope the central bank will cut interest rates by 0.5 per cent and cash reserve ratio (CRR) by up to one…
RBI cancels registration of two NBFCs
The Reserve Bank recently said it has cancelled registration of two non-banking financial companies -- Emcorp Finance Ltd and Care Credit and Investments Company Pvt Ltd.
RBI extends Basel III implementation time
The Reserve Bank of India (RBI) has extended the date for implementation of Basel III, the global capital norms for banks, by three months to 1 April. “The Reserve Bank of…
Ex-banking liquidity skews RBIs fight
Liquidity outside the banking system remains positive even as its negative inside. So the Reserve Bank of India (RBI) will have to reassess its bond purchase programmes and cash reserve…
Union Bank of India up 1% on approval for fund raising
State-controlled Union Bank of India gained 1.3 percent intraday recently as the board of directors of the company has approved raising equity capital by way of preferential allotment/ qualified institutional…
Bank of India increases bulk deposit rates
Bank of India has increased the interest rate on bulk deposits of Rs 10 crore and above for one to less than two years maturity to 9 per cent (from…
State Bank of India to focus more on retail loans, primarily auto and housing loans
Due to subdued demand from large corporates in absence of investment activity and higher bad assets in mid corporates, State Bank of India has turned its focus on retail loans,…
Nationwide RBI employees strike on January 1
Employees and officers under the banner of United Forum of RBI Officers and Employees have called a country-wide strike on January one 2013 to protest the decision to close currency…
RBIs January rate cut under cloud
A rate cut which looked imminent in January has now been called into question with the Reserve Bank of India (RBI) saying that it is worried that savers are shifting…