Abhyudaya co-op bank under RBI scanner
One of the top urban cooperative banks Abhyudaya co-op bank based in Munbai is also not spared when it comes to RBI’s norms.
No relation between RBI’s OMO and disinvestment
The Department of Disinvestment has said that the impression created by the news item "Did RBI's OMO help govt's NMDC selloff?" is not correct. Reserve Bank of India (RBI) is…
RBI proposal may put 70% NBFCs out of business; over 9,000 companies may lose licences
More than two-thirds of non-banking finance companies (NBFCs) face closure if the Usha Thorat panel recommendation on minimum asset size is implemented by the Reserve Bank of India, shutting a…
Proposed RBI norms may hit NBFCs profitability: ICRA
The proposed guidelines by the Reserve Bank of India (RBI) for the non-banking finance companies (NBFCs) are likely to impact the profitability of these entities by 15-20 basis points (0.15-0.20%)…
RBI’s 2012 policy rates: What makes Subbarao click?
The government and investors set the agenda for the executive in normal times. But the year 2012 will go down in Indian financial history as the executive setting it for…
Both Finance Ministry and RBI want banks to shed their non-core business
The Finance Ministry's eagerness to see banks shed their non-core business is not surprising. With Basel III norms kicking in from January 1, 2013, banks will need to not merely…
New bank licences: Waiting for Godot
Finance minister P. Chidambaram has kept his word. He has pushed through an amendment to banking laws in Parliament to strengthen regulatory powers of the Reserve Bank of India (RBI)…
Central Bank gains 3% on approval for preferential issue
Public sector lender Central Bank of India gained as much as 2.7 percent to touch an intraday high of Rs 83.85 recently after the board's approval for preferential issue.
State Bank of Bikaner & Japiur trims bulk deposits to 10%
State Bank of Bikaner & Japiur (SBBJ), which is offering up to 0.25 per cent discount to online loan applications, has said it has become the first public sector lender…
Union Bank to raise up to Rs 1,500 cr through Tier I, II capital bonds
Union Bank of India will be raising up to Rs 1,500 crore through Tier I and Tier II bonds in the current financial year. The Public Sector Bank announced this in…