Banking

So, there is six years to implement in case of Basel III ... there may not be a market for it and they have to raise more shares and the RoE of banks will get impacted and difficult for them to raise fresh equity. Is that not a worry that ...  

May 25 (Reuters) - The Reserve Bank of India said on Friday it accepted both the bids for a total 10.05 billion rupees ($181 million) at its 3-day reverse repo auction through which it absorbs excess cash from the banking system. Earlier in the ...  

The Indian rupee strengthened for the second day Friday after hitting a record low of 56.40 against a dollar early this week as the Reserve Bank of India (RBI) intervened in the markets to defend the  

PRETORIA (Reuters) - South Africa's Reserve Bank left its repo rate unchanged at 5.5 percent on Thursday, as expected, saying global economic uncertainty was posing a downside risk to domestic growth while inflation had probably already peaked ...  

Mumbai, May 25 (PTI) The Reserve Bank today said there was an attempt to hack its website yesterday rendering it inaccessible for almost the entire day. "It was a DNS (Domain Name System) attack where the hacker tried entering the website from a single ...  

Just add your two cents below in our comments section. As for the top certificates of deposit on our list of the highest CD rates from credit unions and local banks, we added deals from three credit unions this week, including a 60-month offer ...  

The Reserve Bank of India has issued certain directions to 25 District ... Delegation requests sports academy for disabled: A delegation of Confederation of Indian Tiny and Village Industry will be meet joint secretary, information technology ...  

MUMBAI (Reuters) - The Reserve Bank of india is suspected to have sold dollars in spot markets via state-run banks to prevent the rupee from falling beyond the psychologically key 56-level, seven traders said on Friday. At 9:48 a.m., the ...  

MUMBAI: The Reserve Bank of India, RBI, and the finance ministry seem to have differences on the way banks should go about ensuring financial inclusion. While both the regulator and the ministry are passionate about providing banking services at ...  

Mussoorie, May 24 (PTI) To expand banking network in hilly areas, Reserve Bank today said it will consider relaxing policy guidelines to encourage banks to open more branches in Uttarakhand. "The Reserve Bank and the government, as the case may ...  

As the rupee inches back to firmer levels, Rajeev Mahrotri, head-trading, global market, IndusInd Bank, explains to CNBC-TV18 that it was the RBI's intervention, by supplying dollars, and the increase in petrol prices by the government that ...  

MUMBAI May 25 (Reuters) - The Indian rupee headed for a second session of gains on Friday, continuing its recovery from the record lows hit this week, after the central bank stepped in to defend the currency, while exporters and custodian banks ...  

In my view, the RBI should immediately enter the inter-bank foreign exchange market with a two-way quotation for dollar/rupee. Say, for example, RBI's quote could be Rs 49.20/49.40 per dollar. The inter-bank forex market would immediately drop ...  

India’s benchmark bonds headed for a fourth weekly gain on speculation debt purchases by the central bank will spur demand. The Reserve Bank of India will offer to buy 120 billion rupees ($2.2 billion) of sovereign notes at an open-market ...  

MUMBAI: The Reserve Bank of India (RBI) has said it may sell dollars directly to oil marketing companies to support the rupee, but it has ruled out a sovereign bond issue for now. The central bank's statement helped the rupee gain 35 paise on ...  

Posted To: MND NewsWireThe Mortgage Bankers Association ( MBA ) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipated. Almost all of the increase will be coming from a boom in refinancing, but none of the additional originations are pegged to the Home Affordable Refinance Program (HARP 2.0.) MBA said it now expects that the industry will do $1.28 trillion in business in 2012, up from $1.26...  

Moneycontrol.comRupee trouble: RBS says govt should be saviour, not RBIMoneycontrol.comAccording to Sanjay Mathur, the head of research and strategy at Royal Bank of Scotland, the rupee needs policy response from the government and not administrative controls or intervention from the Reserve Bank. “We need to see a response on the policy ...Rupee hits 56 versus dollar, Reserve Bank cautiousHindustan TimesRupee still in free fall, goes below...  

Dollar selling by the Reserve Bank of India and sound bites ... I am not ruling it out, I am also not saying that we will do it right now. It's an open issue, we have done it in the past. At the moment we have not done it so far," Subbarao ...  

(The views expressed in this column are the author’s own and do not represent those of Reuters) With the return of inflation, there are doubts whether the Reserve Bank of India (RBI) will go in for the next cut in repo rate any time soon. In April ...  

WILMINGTON, Del. (AP) — A Delaware bankruptcy judge says investors who are plaintiffs in a federal mortgage-backed securities lawsuit against Washington Mutual cannot file a claim in WaMu's bankruptcy until certain low-ranking creditors are paid. The plaintiffs have asserted a $435 million claim and argue that they should be treated as general unsecured creditors. But Washington Mutual says the plaintiffs' claims...  

The Reserve Bank of India has taken the right policy to check the rupee’s fall without being too aggressive about it, C Rangarajan, chairman of the Prime Minister’s Economic Advisory Council, told CNBC-TV18 in an exclusive interview on Wednesday.  

Among traders the RBI's latest measures to target arbitrage and speculation is seen as akin to bringing a knife to a gunfight. The Reserve Bank of India announced new currency measures on Monday, including stipulating that net overnight open ...  

MUMBAI May 23 (Reuters) - The Indian rupee slumped to a new record low of 56 to the dollar on Wednesday weighed down by global risk aversion, with the Reserve Bank of India's intervention earlier in the day seen as too mild to prevent further falls.  

MUMBAI: Indian overnight cash rates fell on Thursday as demand waned from banks which had already borrowed heavily over the last few sessions, traders said. However, liquidity continues to stay tight given the lack of fresh debt redemptions or ...  

Over the last month, the central bank has taken several administrative measures and has sold dollars in the market in order to prop up the rupee. Last week, it told exporters to sell half the foreign currency in their accounts and made it easier ...  

The Reserve Bank of India (RBI) has cancelled the licence of Bhimashankar Nagari Sahakari Bank Ltd, of Ausa in Latur district of Maharashtra. In view of the fact that Bhimashankar Nagari Sahakari Bank Ltd had ceased to be solvent, all efforts to revive it ...  

Mumbai: The Reserve Bank of India will pump in Rs 12,000 crore in the market later this week by buying government securities. "Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity ...  

NEW DELHI: With rupee falling to record low against dollar, Finance Minister Pranab Mukherjee today said the government is taking steps to arrest volatility in the foreign exchange market and the Reserve Bank of India (RBI) will intervene when necessary.  

MUMBAI: As the government blames the crisis in Greece and the Reserve Bank of India waits for New Delhi to act, corporates are sensing the central bank's and policymakers' helplessness to pull back a sinking rupee. Treasury heads of large companies and ...  

The Reserve Bank of India has proposed stringent norms on overseas direct investments (ODI ... According to sources, proposal mooted to be part of Foreign Exchange Management Act (FEMA) guidelines is made to avoid treaty shopping by local ...  

The Reserve Bank of India announced new currency measures on Monday, including stipulating that net overnight open position limit for the rupee should not include positions taken in the currency futures and options segment. The announcement had ...  

Mumbai, May 22 : In yet another measure aimed at propping up the depreciatng Rupee, the Reserve Bank of India has excluded banks' net overnight open positions limit from currency futures and options segment. The current net overnight open position limit of ...  

Net overnight rupee open position limit for Indian banks shall not include positions taken in the currency futures and options segment, the Reserve Bank of India said on Monday. Positions taken in the futures and options markets cannot be netted ...  

Q: What’s the observation been across Asian currencies today? Are you seeing any pullback across other ... Q: Sentiment from the money market has been impacting both equities and bonds. But if indeed the Reserve Bank goes ahead and makes ...  

May 19, 2012 1:09 AMINDIA'S central bank will continue to use a mix of intervention and administrative steps to protect the rupee, a deputy governor said, adding that the Reserve Bank of India (RBI) has adequate reserves to meet its obligations.  

May 21 (Reuters) - The Reserve Bank of India said on Monday it accepted the sole bid for 50 million rupees ($909,090) at the one-day reverse repo auction, through which it absorbs excess liquidity from the banking system. Earlier in the day, it accepted ...  

MUMBAI: Net overnight rupee open position limit for Indian banks shall not include positions taken in the currency futures and options segment, the Reserve Bank of India said on Monday. Positions taken in the futures and options markets cannot ...  

MUMBAI (Reuters) - The rupee bounced back on Tuesday, retreating sharply from record closing lows hit on Monday, following steps taken by the RBI late on Monday to curb arbitrage and comments from a deputy RBI governor. The Reserve Bank of India ...  

MUMBAI (Reuters) - The Reserve Bank of India (RBI) will continue to take steps to stabilise the rupee, but the currency's direction will ultimately depend on capital flows, Subir Gokarn, a deputy governor at the central bank, said on Monday.  

MUMBAI (Reuters) - The Reserve Bank of India will continue to take steps to stabilise the rupee, Subir Gokarn, a deputy governor at the central bank, said on Monday. The rupee fell below the key psychological level of 55 against the dollar to ...  

Ashish Parthasarthy, head treasurer, HDFC Bank explains to CNBC-TV18 the rupee reflecting the weakness in global sentiment, the risk of the dollar strengthening across currencies and India's burgeoning current account deficit. He adds that apart ...  

India’s benchmark bonds gained, pushing yields to the lowest level in almost a week, after the central bank said it will purchase sovereign debt at an open- market auction this week. The Reserve Bank of India will offer to buy 120 billion ...  

A direct sale of dollars by the Reserve Bank of India (RBI) to state-run oil companies should not be ruled out, C. Rangarajan, Chief Economic Adviser to the Prime Minister, told a news channel after the rupee plunged to another record low ...  

If the banks reject, students can approach regional office, says RBI LDO In the backdrop of receiving several complaints regarding non-sanctioning of education loans by the banks in the district, Reserve Bank of India (RBI) Lead District Officer (LDO) M S ...  

TORONTO, May 3, 2012 /PRNewswire/ - Davis + Henderson Corporation ("D+H") (TSX:DH) today announced that it has acquired Avista Solutions, Inc. ("Avista") of Charleston, South Carolina, a leading provider of Software as a Service (SaaS) mortgage loan origination software to...  

The interest rates on home loans have started coming down after the Reserve Bank of India (RBI) decision to reduce the repo rate last month. The repo rate is the short-term lending rate on which the RBI extends short-term loans to banks.  

Rahman said the Reserve Bank of India (RBI) would fund the swap initiative and the member countries would be given the loans in three installments on their demands. The Reserve Bank of India (RBI) will finance the swap arrangement finalised at the meeting ...  

The Reserve Bank of India (RBI) is expected to ease rates when it announces the annual credit policy on Tuesday, in order to lift constraints on lending and in a response to the continued shortage of liquidity in the banking sector faced with a slow moving economy.  

FLINT, Mich., April 19, 2012 /PRNewswire/ -- Citizens Republic Bancorp (Nasdaq: CRBC) announced today that the Federal Reserve Bank of Chicago and the Michigan Office of Financial and Insurance Regulation (OFIR) have terminated their written agreement with Citizens, and its...  

"After all the contributing factors, the Monetary Policy Committee has decided to keep the repo rate unchanged at 5.5% per annum," Reserve Bank Governor Gill Marcus said at the media briefing on Thursday. Marcus said while the US economy was ...  

New Delhi, April 17 (IANS) Indian industry Tuesday welcomed the Reserve Bank of India’s (RBI) move to cut some key lending rates by 50 basis points, citing that it will boost investments and sentiments of the economy. The RBI in its annual monetary policy for 2012-13 has cut some key rates by 50 basis [...]  

Brookfield, Wis.- Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Cornhusker Bank, a community bank based in Lincoln, Neb., has selected Common Origination Platform(TM). Cornhusker ...  

Reserve Bank of India (RBI) is the central bank of the country and manages the conduct and the proceedings of all the other banks, under it. The bank also takes decisions on various financial policy matters, interest rates and others. Given the prestige ...  

In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13, has cut the policy rates by 50 basis points. C Rangarajan, chairman of Prime Minister's Economic Advisory Council (PMEAC) says, the RBI has taken a good decision.  

JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE:FIS), the world’s largest provider of banking and payments technology, today announced that Katy Thompson has been named Chief Audit Executive. Upon assuming this position, Thompson will have global responsibility for the successful planning, execution and strategic direction of the FIS internal audit function and will report directly to the Audit Committee of the FIS Board of Directors. With...  

Market participants are looking for a 25bp rate cut from the RBA amid the weakening outlook for the $1T economy, and the AUDUSD may face a sharp selloff should the central bank cast a highly dovish outlook for monetary policy. Trading the News: Reserve Bank of Australia Interest Rate Decision What’s...  

New Delhi, April 11 (IANS) Foreign direct investment (FDI) inflows to India in recent years have been far below the potential mainly because of “policy uncertainty”, a Reserve Bank of India (RBI) report said Wednesday. A comparison of actual FDI flows to India vis-ŕ-vis the potential level worked out on the basis of underlying [...]  

THIRUVANANTHAPURAM: Reserve Bank of India’s counters delivering coins and currency notes to the public here and in Kochi are likely to be closed down shortly. Moves are afoot in tune with the annual policy statement of the RBI for 2012-13 to wind up the ...  

Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 110 points or 0.64 percent higher around 11.30 a.m. Tuesday after the Reserve Bank of India’s (RBI) announced the cut in interest rates. The RBI in its annual monetary policy for 2012-13 cut some key rates by 50 basis points [...]  

but clearly they are waiting and weighing their options and doing things very carefully. Q: But these seem like baby steps. The last set of steps did not manage to do the trick; bank’s trading positions in currency futures seems to have not ...  

KOLKATA: The Reserve Bank of India (RBI) has made it clear on Friday that its prime objective is to curb the currency volatility and it will do the needful to rein in the rupee fall. "I think the steps we have taken have all contributed in ...  

Mumbai: In a bid to promote housing for low income groups in major cities, Reserve Bank on Friday directed urban cooperative banks to double the limit for home loans to Rs 10 lakh for consideration under priority sector lending. As per the norms ...  

Even allowing for this, we suspect the impact on the housing market may be relatively modest given the suggestion from the Reserve Bank governor that little more can be expected in the way of monetary easing in the near term. However ...  

MUMBAI: The Reserve Bank of India will continue ... and a $2.7 billion debt sale on Friday will further add to liquidity pressures. Banks borrowed 1.04 trillion rupees from the RBI's repo window on Monday, significantly higher than the RBI's ...  

"The institute is planning to start a post-graduate diploma course in banking and finance in a very short time," said C C Mitra ... agri-credit and agri-business, credit risk management, cash and currency chest management, investment banking ...  

Reuters Market Eye - As the rupee plumbs to record lows against the dollar, traders say the Reserve Bank of India could go beyond interventions and target dollar demand from oil companies, an approach that if done right may just help stem the rout.  

May 17 (Reuters) - The Reserve Bank of India said on Thursday it accepted the sole bid for 4 billion rupees ($73.4 million) at the one-day reverse repo auction, through which it absorbs excess liquidity from the banking system. Earlier in the ...  

MUMBAI, May 16 (Reuters) - The Reserve Bank of India said on Wednesday it accepted sole bid for 100 million rupees ($1.8 million) at its one-day reverse repo auction, through which it absorbs liquidity from the banking system. Earlier in the day ...  

RBI deputy governor said the Reserve Bank of India would continue to defend the currency. RBI's Subir Gokarn said the central bank will continue with its intervention as well as administrative ...  

MUMBAI May 21 (Reuters) - Net overnight rupee open position limit for Indian banks shall not include positions taken in the currency futures and options segment, the Reserve Bank of India said on Monday. Positions taken in the futures and ...  

MUMBAI: The rupee hit a record low against the dollar for a second session in a row on Thursday as global risk assets remained largely under pressure, leading the Reserve Bank of India (RBI) to ...  

The central bank, the Reserve Bank of India (RBI ... of news on goods and services tax or the direct tax code or some measures that might encourage infrastructure investments.” “The rupee will most likely remain weak in the short term as is the ...  

India's central bank, the Reserve Bank of India (RBI) has asked the commercial banks in the country to reduce exposure to non-banking finance companies (NBFCs) to 7.5 per cent of their capital from current 10 per cent. The central bank has set a deadline ...  

Reserve Bank of India (RBI) employees and officers are up in the arms against ... Abdicating its responsibilities and passing on the buck to others or assigning the jobs with private agencies will be most unbecoming for a premiere institution like RBI ...  

The local currency had already been propped up in morning trade by expectations of a more active central bank, with dealers saying the Reserve Bank of India (RBI ... with a break of that leading to a test of 51.98, the 38.2 percent Fibonacci retracement ...  

NEW DELHI – The recent frequent market interventions by India's central bank won't arrest the rupee's slide and the government must raise fuel prices to cut the country's ballooning current account deficit, a top adviser to the Reserve Bank of ...  

MUMBAI (Reuters) - The Reserve Bank of India's Governor Duvvuri Subarao cut the key interest rate by an unexpectedly sharp 50 basis point in April, though a majority of the external members of an advisory committee suggested rates be held steady ...  

Obviously not when our elderly are expected to live solely on Social Security, losing the anticipated interest income from their retirement savings to the Bernanke ... on our list of the highest CD rates from credit unions and local banks ...  

The old share rate (CD rate) was under 1.00%, the new rate is 1.15% with an APY of 1.16%. PenFed's 1 year rate tops our list of the best national CD rates. You can search and compare the highest CD rates at banks and credit unions in your area by ...  

Although the CFPB proposal will address the compensation of loan originators and certain other issues, it will not address the Dodd-Frank provisions that prohibit steering by loan originators. The CFPB plans to address the anti-steering provisions “at a ...  

In a bid to futher tighten regulations the Reserve Bank of India (RBI) on Friday asked banks to bring down credit exposure to a single non-banking finance company (NBFC),doing business of gold loans, from existing 10% to 7.5%. The regulator has ...  

CIT Bank's current 1 year interest rate is 1.09% with an APY of 1.10%. The bank's rate is 0.34% higher than the average and 0.80% higher than the FDIC's average CD rate.  CIT Bank's savings rate is currently at 1.04% with an APY of 1.05%. The bank's ...  

The Indian rupee rebounded on Tuesday after Reserve Bank of India's (RBI) intervention and profit booking by foreign banks, and gained 20 paise. The rupee touched a historic low of 53.975 to the dollar Monday as the American currency ...  

Exporters told to offload 50 per cent of their forex holdings within a fortnight to bring more dollars into market. Mumbai: The Reserve Bank of India (RBI) on Thursday intervened to save the rupee from sinking further by directing exporters to offload 50 ...  

Reserve Bank of India helped to pull back the rupee from 54-plus levels to close at 53.8, stronger by 16 paise from Monday's close. "Reserve Bank of India's measures have been able to ...  

BANGALORE: The sharp contraction in India's industrial output in March reinforces the slowdown trend in the country, Subir Gokarn, deputy governor of the Reserve Bank of India (RBI), said here on Friday. Government data put out on Friday showed ...  

REUTERS - The Reserve Bank of India (RBI) sold $550 million in the spot market in March, it said in its monthly bulletin on Thursday, with outstanding net forward sales rising sharply in the same month. An RBI official said the bank continued to ...  

The Reserve Bank of India today cut its repo rate by an unexpectedly ... The RBI move is likely to make home and car loans cheaper. While cutting the repo rate for the first time in three years to boost sagging industrial production, the RBI review warned ...  

India’s central bank intervened on Thursday to prop up the rupee a day after the struggling currency had fallen to its lowest ever rate against the dollar. The Reserve Bank of India introduced measures forcing exporters to convert income into local ...  

KOLKATA: The Reserve Bank of India has set a deadline of six months for banks to reduce exposure to 7.5% of their capital funds from 10% in non-banking finance companies or NBFCs which have half of their total financial assets in gold loans.  

(RTTNews) - The Indian rupee strengthened against the U.S. dollar on Thursday morning after the Reserve Bank of India announced that all foreign-exchange earners, including exporters, have to convert 50 percent of their dollars held in Exchange Earner's ...  

The Reserve Bank of India on Thursday forced an injection of about $2.5 billion into the currency market with a unequivocal fiat in its fight to rein in an increasingly flyaway rupee. It asked exchange earners or exporters of goods and services ...  

Business TodayRBI slashes repo rate to boost growth but says no more cutsHindustan TimesA policeman stands guard outside the head office of the Reserve Bank of India (RBI) in Mumbai. (AFP PHOTO/Punit Paranjpe) Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to ...RBI cuts lending rate to prop economy, loans to become cheaperTimes of IndiaRBI cuts lending rate to...  

Reserve Bank of India raised the intraday open position trading band in foreign currency to five times of the available net position limit for banks on Thursday. The rupee rose to 53.64/65 to the dollar immediately after the notification from 53.82/83.  

May 10 - The Reserve Bank of India's (RBI) guidelines on securitisation transactions, published this week, could promote the long-term growth of the Indian securitisation ... that investors stress-test their securitization exposures and monitor ...  

In a decisive step to check sliding rupee, the Reserve Bank today disallowed exporters from retaining half of their foreign exchange earnings, leading to a sharp recovery of Indian currency against dollar. Thursday's move, which came after the ...  

MUMBAI (Reuters) - The government bond yields and swaps fell, while the rupee and stocks gained after the Reserve Bank of India cut the repo rate by a bigger-than-expected 50 basis points, though it kept the cash reserve ratio (CRR) unchanged. However ...  

POKHARA, Nepal (Reuters) - The RBI's monetary policy "has to act" even if inflation is driven by food prices, Duvvuri Subbarao, the central bank governor, said on Wednesday. The RBI in its April policy statement had cited softening manufacturing ...  

In bid to check outflow of forex, the Reserve Bank today tightened norms for utilisation of the foreign currency fixed deposit funds. The fund could be used by banks for lending to only those entities with risk management policy for managing the exchange rate volatility.  

The plan is based on the settlement of lawsuits that pitted Washington Mutual Inc., JPMorgan Chase and the Federal Deposit Insurance Corporation against one another after the collapse of Seattle-based Washington Mutual Bank in 2008 and the sale ...  

The parliamentary standing committee on finance has proposed a Securities and Exchange Board of India (Sebi) and Reserve Bank of India [ Get Quote] (RBI) co-ordination mechanism to monitor foreign investments in the stock market. In its report ...  

The judge in Washington Mutual's bankruptcy case ruled Monday that a group of investors who are plaintiffs in a federal mortgage-backed securities lawsuit against WaMu cannot file a claim in the company's bankruptcy case until distributions are made to a ...  

On top of that, the Reserve Bank of India was suspected of having intervened in the afternoon session, continuing its active dollar sales in markets since last week. "INR will get some respite from these measures, but is unlikely to reverse trend.  

India’s benchmark bonds completed a third weekly gain on speculation the central bank’s purchases of sovereign debt will spur demand. The Reserve Bank of India bought a total 111.3 billion rupees ($2.04 billion) of notes maturing in 2018 ...  

Just three trading sessions after the Reserve Bank of India intervened to stem the fall of the rupee, the Indian currency has fallen back to the levels that had originally spurred the central banks’ action. The rupee on Wednesday fell 1.13% to ...  

Mumbai: To arrest panic over the rupee’s rapid depreciation, the Reserve Bank of India (RBI) stepped in again on Thursday to curb speculation in the currency market and helped the local unit rebound from a near five-month low against the dollar.  

WILMINGTON, Del. — A Delaware bankruptcy judge says investors who are plaintiffs in a federal mortgage-backed securities lawsuit against Washington Mutual cannot file a claim in WaMu’s bankruptcy until certain low-ranking creditors are paid. The ...  

The Reserve Bank of India's (RBI) guidelines on securitisation transactions, could promote the long-term growth of the Indian securitisation market ... from the requirement that investors stress-test their securitization exposures and monitor ...  

The Reserve Bank of India (RBI) on Tuesday cut the Repo rate by 50 basis points (bps), but top bankers indicated that the move may not benefit home loan borrowers in the short run. Repo rate is the rate of interest at which banks borrow money from RBI.  

After the Reserve Bank of India (RBI ... Since March 2010, RBI had hiked the repo rate 13 times to fight inflation, which came down marginally to 6.89% in March from 6.95% in February. Debt funds do well Fund houses though are still marketing their ...  

NEW DELHI (Reuters) - A moderation in inflation should see the central bank cutting its key lending rate, Finance Minister Pranab Mukherjee said on Tuesday, minutes before the Reserve Bank of India's annual policy announcement. The RBI is widely expected ...  

Mumbai, May 16 (PTI) As the rupee dipped to its all time-low of 54.46 to a dollar in early trade today, leading to increasing calls for arresting its fall at any cost, RBI Deputy Governor K C Chakrabarty said the Reserve Bank intervenes in the ...  

POKHARA: RBI's monetary policy "has to act" even if inflation is driven by food prices, Duvvuri Subbarao, the Reserve Bank of India's governor, said on Wednesday. The central bank in its April policy statement had cited softening manufacturing ...  

MUMBAI -(MarketWatch)- Wells Fargo & Co. (NYSE:WFC) , the largest U.S. mortgage lender, is considering opening a bank branch in India but has yet to make a formal decision on whether to apply for a branch license to the Reserve Bank of India, a ...  

NEW DELHI: The Reserve Bank's decision to cut repo rate by 50 basis points in its annual monetary policy for 2012-13 has been termed by market analysts as an "unexpected" positive move. They, however, said this could fuel inflationary pressures ...  

MUMBAI (Reuters) - The Reserve Bank of India (RBI) made a dramatic move to prop up its battered currency on Thursday, requiring exporters to sell half the foreign currency in their accounts, which helped to strengthen the rupee in morning trade.  

MUMBAI (Reuters) - Markets gained on Tuesday after the Reserve Bank of India (RBI) cut interest rates by more than expected, though the rally is unlikely to be sustained after it said inflationary risks would limit the scope of further easing. Traders also ...  

Mumbai: The rupee strengthened by about 20 paise after opening at 54.04 to the dollar amid speculation about sales of the US currency by the central bank and profit booking by foreign ... Overnight call money rates inched up to 8.25% by 2pm against Monday ...  

The Reserve Bank of India (RBI) introduced fresh measures on Friday to attract foreign exchange inflows to the country and arrest the rupee’s rapid fall against the US dollar. In a late Friday announcement, RBI allowed banks to set their own interest ...  

Bangalore: The Reserve Bank of India has decided to rope in a third-party consultancy firm to help it incorporate global best practices in its supervisory role and prepare the risk ratings for various banks in the country. RBI currently conducts ...  

The reverse repo rate, at which the RBI absorbs money, stands adjusted at 7 per cent. Punjab and Sind Bank swiftly announced a cut in home and auto loan rates for new borrowers. SBI chairman Pratip Chaudhury said his bank would “do a comprehensive cut ...  

Mumbai -Wells Fargo & Co., the largest U.S. mortgage lender, is considering opening a bank branch in India but has yet to make a formal decision on whether to apply for a branch license to the Reserve Bank of India, a senior executive said Monday.  

KOLKATA: Apparel exporters are happy over Reserve Bank of India's decision to reduce repo rate by 50 bassis points. A. Sakthivel, chairman of Apparel Export Promotion Council (AEPC) has welcomed the move of the Reserve Bank of India in the ...  

New Delhi, Apr17 (TruthDive) : The Reserve Bank of India’s (RBI) new monetary policy for the financial year ending March 2013 has been welcomed by financial analysts. They had expected RBI to cut 25 basis points but surprised that 50 basis ...  

ET reported that Reserve Bank's decision to cut repo rate by 50 basis points is likely to spur construction ... hit by input costs and slowing demand. The rate cut will make home and auto loans cheaper, and will provide an impetus to these sectors ...  

The move will reduce the cost of home, auto and corporate loans. The reduction in the repo rate at which RBI lends to banks ... TO FACE ANNA AND THEREFORE THEY ARE TRYING EVERY MISRULE TO STOP Anna ji u continue ur endvaour....we ll succeed one day ...  

REUTERS - The Reserve Bank of India (RBI) eased restrictions on the usage of foreign currency deposits on Wednesday, just days after its move to relax the interest rate ceiling on such deposits. The RBI has allowed banks to use funds from ...  

HYDERABAD (Reuters) - The Reserve Bank of India (RBI) is conscious of the extreme volatility in the rupee and has a variety of tools to guard against such fluctuations, a deputy governor said, just days after the RBI took measures to bolster ...  

In an unexpected move, the Reserve Bank of India on Thursday ordered exporters to sell half of their foreign currency in order to prop up the faltering rupee – which hit an all-time low closing price of Rs53.85 against the dollar on Wednesday.  

In bid to check outflow of forex, the Reserve Bank on Wednesday tightened norms for utilisation of the foreign currency fixed deposit funds. The fund could be used by banks for lending to only those entities with risk management policy for ...  

Reuters Market Eye - Despite new record low for the rupee, dealers are not spotting yet any dollar-selling from state-run banks on behalf of the RBI. Volumes remain thin, and any small intervention could have a big impact, traders warn.  

(Read main story, RBI cuts repo rate, click http://in.reuters.com/article ... Proposes to ban foreclosure charges/pre-payment penalties on floating interest rate home loans, to issue guidelines * Proposes banks should reduce their regulatory exposure ...  

IANSLoans to get cheaper as RBI cuts repo rateIANSMumbai, April 17: The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- a move that may also see interest rates falling on housing, automobile and commercial loans.and more »  

HYDERABAD The Reserve Bank of India's role in protecting the rupee's slide is limited despite some anti-market measures such as intervention since reducing the current account deficit and improving fiscal position alone can provide long-term ...  

Business TodayRising inflation adds to Reserve Bank's headacheNDTVInflation accelerated in April to 7.23 per cent as price pressures for food, fuel and manufactured items all picked up, adding to the RBI's struggle to control inflation when economic growth has slumped to a near three-year low.Say hello to stagflation, India. It's going to be with us for a long timeFirstpostBanking index slips on inflation worries; ICICI, HDFC, Axis...  

The Reserve Bank of India cut its policy repo rate to 8.00 percent ... PUNE 'There wont be much positive impact on real estate sector where pricing of houses are so high that cut in interest rates wont make homes affordable ... hence, sales will remain ...  

The governor announced that the exchange of coins and currency notes will now be done only through commercial banks. Currently, the public depends on the RBI counters for loose change or exchanging currency notes. A sizeable number of employees ...  

New Delhi, May 4 (PTI) To attract inflows in view of falling rupee, the Reserve Bank today raised the interest rate ceiling on NRI deposits in foreign currencies by up to 3 per cent. Following RBI's announcements, the Indian banks will be able to offer ...  

Moneycontrol.comIndian cash rate drops but still above repo rateEconomic TimesIndia's call money rate dropped, as expected after the RBI's easing move on Tuesday, but still remained above the new repo rate of 8.00 per cent, in a reflection of the liquidity deficit facing the country's inter-bank markets.Rupee retreats; more RBI rate cuts in doubtLivemintRBI chief says India core inflation lower than expectationReuters IndiaBanks gear up to cut...  

A journalist jokingly asked him whether he would be willing to extend home and car loans to reporters at an interest rate of five per cent since the Reserve Bank of India (RBI) had cut the policy rate. “Even RBI doesn’t permit us to offer loans at that rate.  

MUMBAI (Reuters) - The Reserve Bank of India announced measures on Friday to bolster foreign currency inflows following a sharp fall in the rupee, although traders said the moves may not be enough to stem further near-term weakness. The rupee is ...  

(Read main story, RBI cuts repo rate, click here) NSE Bank Nifty, the main banking index, reversed losses and rose as much as 1.81 percent after the rate decision. It was trading 0.78 percent down ahead of the announcement. (For experts' views ...  

India's industrial production grew at a slower-than-expected 4.1 per cent pace in February from a year earlier, raising expectations the Reserve Bank of India will cut the repo rate at its ... Shares in India's largest car maker Maruti Suzuki rose 3.14 ...  

HYDERABAD (Reuters) - Pressure on food inflation in India is still very strong, said Subir Gokarn, a deputy governor of the Reserve Bank of India. Risk of inflation becoming resurgent is "significant", he added on Tuesday, while addressing ...  

The local currency had already been propped up in morning trade by expectations of a more active central bank, with dealers saying the Reserve Bank ... with a break of that leading to a test of 51.98, the 38.2 per cent Fibonacci retracement ...  

NEW DELHIL: The Reserve Bank is holding gold reserves of 557.75 tonne valued at USD 27.02 billion, Parliament was informed today. "As on April 20, 2012, the value of gold reserve was USD 27.02 billion, which accounts for 9.2 per cent of foreign ...  

The Reserve Bank of India's decision to cut repo rate by 50 basis points in its annual monetary ... a move that will reduce the cost of home, auto and corporate loans. As the upside risk to the headline inflation loom large, it leaves little scope for ...  

Funding costs for India’s large non-banking financial institutions (NBFIs) could rise as the Reserve Bank of India’s (RBI) new securitisation norms would hit the direct assignment transactions, a key fund-raising route for NBFIs, according to rating ...  

MUMBAI (Reuters) - The Reserve Bank of India is likely to cut its repo rate for the first time in three years in an attempt to lift sagging economic growth, even as high oil and food prices remain a challenge to managing inflation, a Reuters poll showed.  

MUMBAI (Reuters) - The Reserve Bank of India's battle to contain a falling rupee just got ... These are some of the concerns that UBS took into account when it said it expects the rupee to test 56 per dollar this year. "If we are right that the exchange ...  

BBC NewsRBI stuns with big rate cutDaily News & AnalysisBy Neelasri Barman & Aswathy Varughese | Place: Mumbai | Agency: DNA The Reserve Bank of India (RBI) surprised everyone on Tuesday by cutting the repo rate, at which banks borrow money from it, by as much as 50 basis points to 8% in an effort to ...IMF urges India to tackle inflation, slower growthBusiness StandardRBI cuts repo rate by 50 bps, but banks reluctant to pass on benefit...  

Doral Bank Direct, the online banking division of Doral Bank, has the highest CD rate on our list of 12 month certificate of deposit rates. Current CD rates on 12 month CDs at Doral Bank Direct are at 1.14% with an APY of 1.15%.  

The CFPB also announced that it will likely reaffirm the Federal Reserve Board’s prohibition of steering incentives paid to loan originators. Under Dodd-Frank, the CFPB was required to issue similar rules. In recent weeks, the agency has ...  

Right now on our list of national 6 month CD rates the best CD rate is from Aurora Bank. The bank is currently offering 6 month bank CD rates at 1.00% with a yield of 1.00%. That rate is more than three times the current national average 6 month rate of 0 ...  

Mumbai: The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- a move that may also see interest rates falling on housing, automobile and commercial loans. Announcing the ...  

NEW DELHI: With the Wholesale Price Index (WPI) accelerating to unpected levels of 7.23% in the month of April, many analysts are of the view that the Reserve Bank of India (RBI) has limited room to cut the key interest rates in its monetary ...  

The repo rate (the rate at which the RBI lends money to banks) was cut by 50 basis points from 8.50 per cent to 8.00 per cent. Consequently, reverse repo rate (normally fixed at a spread of 100 basis points below the repo rate) is now 7.0 per cent.  

"Greece's exit from the euro is becoming more and more a mainstream discussion, and this is potentially destabilising for markets," Emma Lawson, a currency strategist in Sydney at National Australia Bank, was quoted as saying by Bloomberg News.  

Some dealers said the dollar sales via state-run banks was to the tune of $400-$500 million, and continues a pattern of aggressive interventions this month as the rupee has threatened to touch a record low of 54.30 hit in December. Traders ...  

Some dealers said the dollar sales via state-run banks was to the tune of $400-$500 million, and continues a pattern of aggressive interventions this month as the rupee has threatened to touch a record low of 54.30 hit in December. Traders ...  

MUMBAI (Reuters) - Indian companies' investment overseas tapered off in April from the previous month, with total outbound foreign direct investment at $2.67 billion, down from $2.77 billion in March, data from the Reserve Bank of India showed ...  

The Reserve Bank of India [RBI] cut its repo rate by 50 basis points to 8.00% from 8.50% previously, and reverse repo rate to 7.00%, Bank Rate to 9.00% and kept the Cash Reserve Ratio (CRR) at 4.75%. The RBI said: “Though inflation has ...  

It’s been a bit of a yo-yo week for 60-month CDs over on our CD Rates Leaderboard. For now, the best nationally available bank deal has settled at 1.91% APY. That’s the best bank deal available to all U.S. savers on 60-month bank CD rates ...  

BANGALORE: Reduction of 50 basis points in repurchase (repo) rate by the Reserve Bank of India (RBI) would stimulate growth and put the economy back on rail, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Tuesday. "By lowering ...  

Exporters were earlier permitted to keep 100% of their foreign currency earnings with banks in an exchange earners’ foreign currency account. The balance outstanding in this account is about $5 billion. The rules also apply to resident foreign currency ...  

There's a lot going on in the latest Reserve Bank Financial Stability Report - from the usual high level concerns that the global economy might yet be stuffed to a stock take of insurance companies now under the Bank's purview (only 108 licensed out of a ...  

REUTERS - Indian banks have to maintain Tier I capital, or core capital, of at least 7 percent of their risk weighted assets on an ongoing basis, the Reserve Bank of India said in its final guidelines on Basel III capital regulations on Wednesday.  

Hyderabad, Apr 26 (PTI) A day after global credit rating agency S cut India''s outlook to ''negative'', Reserve Bank of India (RBI) Thursday said the country''s financial system is strong and sometimes these ratings are discounted by markets. It also ...  

WELLINGTON, May 9 (Xinhua) -- New Zealand's financial system had been growing stronger this year, although it is still exposed to changing economic situations abroad, the head of the Reserve Bank of New Zealand (RBNZ), the central bank, announced Wednesday.  

The Reserve Bank of India (RBI) on Wednesday directed Indian banks to maintain ... While undertaking the capital planning exercise, banks should keep this in view." Basel -III guidelines aim to make banks more resilient against any unexpected ...  

KOLKATA: Reserve Bank's decision to cut repo rate by 50 basis points is likely to spur ... The rate cut will make home and auto loans cheaper, and will provide an impetus to these sectors languishing for a while. While the auto sector may ...  

BUSINESSDESK: The Reserve Bank expects global reinsurers to pass on their mounting cost of the Canterbury earthquakes to their customers with another round of hikes to their premiums. The swarm of quakes in and around New Zealand's second-biggest city over ...  

WASHINGTON — The Consumer Financial Protection Bureau outlined rules Wednesday that would place new restrictions on mortgage origination points and fees, as well as originator compensation. The proposals, which are mandated by the Dodd-Frank Act, would ...  

After a gap of three years, Reserve Bank Governor D Subbarao today slashed short term lending rate by 0.50 per cent to 8 per cent, a move that will reduce the cost of home, auto and corporate loans. The reduction in the repo rate at which RBI ...  

WILMINGTON, Del.— The judge in Washington Mutual’s bankruptcy case ruled Monday that a group of investors who are plaintiffs in a federal mortgage-backed securities lawsuit against WaMu cannot file a claim in the company’s bankruptcy case until distributions are made to a group of low-ranking creditors. The plaintiffs, whose lawsuit is scheduled for a September [...]  

Small and large firms are finding it easier to raise finance ... Most of this from the non-bank financial sector, comprising credit unions, building societies and finance companies. Few finance companies survived the firestorm of 2006-09, and those that ...  

As per the previous rule, fund transfers from an NRE account to an NRO account was allowed, but not the other way round. According to an Agencies report, on Monday, the Reserve Bank of India (RBI) ruled that non-resident Indians (NRIs) would be allowed to ...  

MUMBAI: India’s central bank likely intervened in foreign exchange markets on Tuesday after the rupee breached the key 54 level against the dollar, nearly hitting its lifetime low, dealers said. India’s Reserve Bank of India (RBI) is ...  

Reserve Bank Governor D Subbarao on Friday said mobile banking should be driven by banks, not telecom operators, considering money laundering and terror financing threats. "The Reserve Bank has a clear preference for the bank-led model," RBI Governor D ...  

MUMBAI: In order to strengthen risk management mechanism, the Reserve Bank today unveiled guidelines for implementation of the new global capital adequacy norms, called Basel III, by March 2018. "These guidelines would become effective from ...  

The Reserve Bank of India's slashing of short-term lending rate after a gap of three years by bigger-than-expected 0.50 per cent to 8 per cent brought cheer to the market as the move would reduce the cost of home ... "The repo rate cut will ...  

The Reserve Bank of India (RBI) has allowed non-resident Indians to transfer repatriable funds from their non-resident ordinary rupee accounts to non-resident external accounts in India, even for short durations, in a bid to boost overseas fund flows.  

A surprise windfall might be waiting for you. The Reserve Bank of India has asked banks to locate and refund unclaimed deposits estimated at over Rs 1,700 crore to customers or their legal heirs. Banks will have to publish the list of unclaimed deposits ...  

Mumbai: India’s central bank unexpectedly slashed its key lending rate by half a percentage point on Tuesday, to support growth in Asia’s third largest economy, marking the reversal of its monetary policy stance that has focused on containing inflation ...  

The Reserve Bank of India has allowed non-resident Indians (NRIs) to transfer funds from non-resident ordinary (NRO) account to Non-Resident External (NRE) account subject to a ceiling of $1 million in a financial year. While an NRE account is for ...  

It also accepted all 3 bids for 1.85 billion rupees at its three-day reverse repo auction, through which it absorbs excess cash from the banking system. Earlier in the day, it accepted all 36 bids for 688.10 billion rupees at its three-day repo ...  

(RTTNews) - The Reserve Bank of India or RBI and National Payments Corporation of India or NPCI Monday officially launched a homegrown debit card payment platform by name 'RuPay', repots said. The aim of RuPay is to encourage more debit card usage in the ...  

Blue chips such as State Bank of India and Infosys extended recent declines on Thursday, despite appeasing measures from the government and the Reserve Bank of India. The government on Monday delayed a controversial plan for taxation by a year ...  

Hindustan TimesRBI signals rate cut to boost growthHindustan TimesPTI Signaling interest rate cut to boost economy at its annual credit policy on Tuesday, the Reserve Bank said it would shift the focus to arresting declining growth while keeping inflation under control. "Inflation expectations moderated in the fourth ...Will Reserve Bank reverse the repo cycle?NDTVIndia cbank seen cutting rates Tuesday for first time in 3 yrsReutersRBI rate...  

RBI cuts its benchmark rates on Tuesday - a move widely expected by banks. Most bankers expect RBI to cut its repo rate for the first time in three years to improve business sentiment. Lenders also ...  

Public, private sector banks advised to allow no-frills accounts You can open a zero-balance savings bank account anywhere in the country now, as the Reserve Bank of India (RBI) has mandated banks to offer a ‘basic savings bank deposit account’ with ...  

The BSE Sensex traded flat Tuesday ahead of the Reserve Bank announcing a crucial annual monetary policy. At 09.25 am, it was down 8 points at 17,143 while the broader Nifty index declined 5 points to 5,221. Markets dipped after a positive start.  

No other bank announced any rate cut till the press time. On Tuesday, most of them said the cost of deposit is high in the system and they will be able to cut their lending rates only after the deposit rates come down. The Indian central bank cut its repo ...  

MUMBAI: The Indian stock markets are in a pull-back mode after a two-day downward movement as the rupee appreciated following the Reserve Bank of India's intervention in the forex market. The spike in equities post the RBI's move may not last ...  

The Reserve Bank of India has decided to rope in a third-party consultancy firm to help it incorporate global best practices in its supervisory role and prepare the risk ratings for various banks in the country. RBI currently conducts ...  

The Reserve Bank of India (RBI) has asked banks to reduce their exposure to non-banking financial companies (NBFCs), which have given loans mostly against gold ... 4 percent stake to three large private equity funds, including Baring Private Equity ...  

The problems are to be found at home, traders said. The surprisingly big cut in the repo rate on Tuesday from the Reserve Bank of India is seen as a short-term positive, but foreign investors still worry about inflation, a yawning current ...  

Mumbai:Markets indicate mixed reactions after The Reserve Bank of India (RBI) on Tuesday cut its key lending rate by half a percentage point, marking the beginning of the rate-reversal cycle but left its cash reserve ratio (CRR) unchanged. The central bank ...  

SYDNEY, May 4 (Xinhua) -- The Reserve Bank of Australia (RBA) lowered its growth and inflation forecasts on Friday, saying the 2012 economy so far has been growing modestly with activity varying significantly across industries in the country. In its ...  

India ETF products had a positive week as the Reserve Bank of India (RBI) announced a 50bps cut to India interest rates. The size of the cut was a pleasant surprise to investors and showed an aggressive posture from the RBI. Indian interest rates had not ...