MONEY & BANKING


MDT/PTI 06 September 2012
Hinting at reduction of SBI's base rate, Pratip Chaudhuri said, if there is a CRR cut then there is a possibility for it   Mumbai: State Bank of India (SBI) chairman Pratip Chaudhuri said he expects the Reserve Bank of India (RBI) to leave the key policy rates unchanged, but sees a...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 05 September 2012
Irrespective of wherever the fund or fund managers get investment from, regulating/supervising MIVs at the place of incorporation and/or where their establishment exists would be most appropriate Micro-finance investment vehicles (MIVs) have been a topic of recent discussion, courtesy...

Read More



MDT/PTI 05 September 2012
While the SBI chairman termed the statement of the Governor Subbarao as 'a joke', Dr Charkabarty said the SBI chief is not ready to listen to the regulator, and there cannot be any regulatory issues   Mumbai: Reserve Bank of India (RBI) Governor Duvvuri Subbarao played down the cash...

Read More



Moneylife Digital Team 30 August 2012
Since we Indians do not believe much in making non-cash transactions, the RBI is taking measures to facilitate customers for doing so. With low penetrations of ATMs and POS, the question is-How soon is it possible?   RBI governor D Subbarao said recently that India has one of the...

Read More



According to Dr KC Chakrabarty, our government is borrowing too much and our country is borrowing too much   Chennai: The Reserve Bank of India (RBI) has voiced concern over 'too much' borrowing by the government, high inflation and fiscal deficit, reports PTI.   "Our...

Read More



Pratip Chaudhari, chairman of SBI defended his views on CRR saying that when the deputy governor (Dr Chakrabarty) was a bank chairman, he was asking for the same Mumbai: Making a strong case for abolition of cash reserve ratio (CRR), country's largest lender, the State Bank of India...

Read More



Greed has trampled over trust, respect and legality, the HDFC chairman said, while recalling a new word coined recently, 'Banksters' -- implying that bankers were ready to dethrone gangsters with their despicable behaviour Mumbai: At a time when bankers across the world are being termed...

Read More



In a sharp reaction to SBI chief Chaudhuri's recent comment that CRR does not help anybody and it was unfairly put on banks, Dr Chakrabarty said, it he is not able to do business as per RBI's regulatory environment, he has to find some other place Kancheepuram (Tamil Nadu): A top...

Read More



With rising NPAs of the banking industry and strain on their profitability due to slowdown in the economy, there is every justification for commercial banks to clamour for marked reduction in the CRR, which alone can provide some reprieve to the banking industry Of late, the Cash Reserve...

Read More



RBI should either do away with CRR or compensate the banks for the losses incurred as the banking system was not earning any interest on it, SBI chairman Chaudhuri told reporters on the sidelines of the Ficci Banking Conclave   Kolkata: State Bank of India (SBI) chairman Pratip...

Read More



“It has been decided by the Government of India and Reserve Bank of India to introduce Rs10 notes in polymer/plastics on a field trial basis,” minister of state for finance Namo Narain Meena informed Parliament   New Delhi: The Reserve Bank of India (RBI) has proposed to conduct field...

Read More



Providing the information in the Lok Sabha, finance minister P Chidambaram said under the WTO, India is committed to allow foreign banks to open 12 branches in a year   New Delhi: BNP Paribas, Societe Generale and Standard Chartered are among the seven foreign banks which have been...

Read More



Under the multi-year agreement, FIS will provide end-to -end outsourcing services including supply, setup and ongoing ATM operation for over 5,500 ATMs of PSU banks across India New Delhi: Banking and payments technology provider FIS announced deploying and managing over 5,500 ATMs as...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 20 August 2012
Governments and regulators in countries where MIVs tend to flourish should start looking inward and bring in the least required regulation/supervision and minimum standards for MIVs to operate responsibly   Hugh Sinclair’s recent book has already stimulated my interest in a...

Read More



Veeresh Malik Veeresh Malik 15 August 2012
This is a subject Moneylife has written on many times in the past. It now appears that RBI has finally taken some steps. It is now up to you as a consumer to ensure that your bank/branch/ATM is subscribing to those RBI directives The Reserve Bank of India (RBI), to its credit, has one of...

Read More



RBI has just come out with guidelines for issuance of “Payable at par/Multi-city” cheques to all eligible customers in a standard format. But the RBI should have thought of many other possibilities of offering a wide variety of services using CBS. Here is a list of benefits it could have...

Read More



AK Ramdas AK Ramdas 13 August 2012
As per the finance ministry, 5.21 lakh pieces of fake currency were detected in 2011-12, up from 4.35 lakh units in 2010-11 with the majority of them in Rs500 notes. When will the RBI take a call on polymer notes?   Recently we carried a story on the history of the pioneering effect by...

Read More



The specialised banking outfit would primarily sell products like insurance, life and general, credit card and mutual fund instead of the traditional products of deposit and loan Jaipur: The State Bank of Bikaner and Jaipur (SBBJ) on Thursday opened its first Financial Super Market...

Read More



While CBI registered criminal cases involving Rs4,000 crore in 2011, cases regarding frauds worth Rs2,500 crore have already been registered from January to July this year     New Delhi: Losses suffered by Indian public sector banks in frauds nearly doubled to Rs3,780 crore in 2010-11...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 04 August 2012
Much of the Indian microfinance crisis was fuelled because of the irresponsible investments made by many stakeholders including microfinance investment vehicles or MIVs. We certainly cannot have MFIs practice responsible microfinance when their investors are ‘irresponsible’ In his recent...

Read More

Free Helpline
Legal Credit
Feedback