MONEY & BANKING


MDT/PTI 07 September 2012
The PMEAC chairman says given the large scale infusion needed into 26 public sector banks, a long-term programme will have to be drawn up by the government   Mumbai: Acknowledging difficulties in recapitalisation of public sector banks (PSBs), C Rangarajan, chairman of the Prime...

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MDT/PTI 07 September 2012
RBI want banks to offer more or less similar rates to all depositors, although a reasonable difference is fine instead of treating poor customers badly by offering lower rates on their deposits and reward the rich with higher prices   Mumbai: Reserve Bank of India (RBI) deputy...

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Ramesh S Arunachalam Ramesh S Arunachalam 06 September 2012
Even if voluntary codes are to be used for fund managers (or even for the funds themselves), it would be important to have some regulatory oversight into the actual implementation of these in microfinance   A previous article Regulation and supervision of microfinance investment...

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MDT/PTI 06 September 2012
The National Housing Bank is considering norms that would allow housing finance companies to sell non-real estate loans and guarantees for funding purposes   New Delhi: The National Housing Bank (NHB) said it is considering coming out with norms that will allow housing finance...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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“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...

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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...

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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...

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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...

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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...

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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...

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