From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...
Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
RBI policy press conference: Here's everything that came up for discussionThe Reserve Bank of India unveiled new measures to attract deposits and bolster the economy. Governor Sanjay Malhotra discussed strategies ...
Karur Vysya has a four-pronged plan to move up to the next level: B Ramesh Babu, MD & CEOAfter a decade of downsizing the wholesale business, Karur Vysya now plans to reverse it by raising the corporate loan share to 20% in the ...
Karur Vysya Bank bets big on credit cards, microloans and corporate push to double down on growthKarur Vysya Bank is set for significant growth. The bank plans to expand its balance sheet by entering the credit card business and offerin...
Punjab & Sind Bank aims to cross total business milestone of Rs 3 lakh cr in FY27Punjab & Sind Bank is targeting a significant milestone of Rs 3 lakh crore in total business by the end of the current financial year. This...
Punjab & Sind Bank plans Rs 3,000-cr share sale this fiscalPublic sector lender Punjab & Sind Bank is eying to mobilise up to Rs 3,000 crore via share sale on a private placement basis in a bid to m...
Axis Bank Q4 preview: PAT seen muted YoY; margin pressure persists amid strong loan growth; 8 things to watchAxis Bank is expected to report a mixed Q4FY26 performance with muted year-on-year profit growth despite steady loan and deposit expansion....
CRR vs SLR: Why RBI instructs banks to maintain them and how they benefit customersThe Reserve Bank of India mandates banks to hold a Cash Reserve Ratio (CRR) of 3% of total deposits as cash with the RBI. This crucial mone...
RBI hikes CRR by 50 basis points to 4.5%, to remove Rs 87,000 crore of liquidityThe RBI today announced a rate hike to 4.4 per cent, up by 40 basis points in a surprise move that rippled through the equity and bond mark...
RBI Governor Raghuram Rajan trashes bankers call for CRR cut for better transmissionRajan today said the mandatory ratio will continue to fetch them zero interest, and cutting the key repo rate in fact helps them better to ...
Banks may get nod to use gold deposits for meeting CRR, SLRCRR is 4 per cent while SLR is 21.5 per cent. So, 25.5 per cent of the cash deposit mobilised by banks are locked in these two statutory ra...
RBI cuts daily CRR requirement to 95%Rajan said the cut in daily CRR balance to 95% was in the interest of allowing bankers easier management of funds. Bankers welcomed the mov...
SBI welcomes Subbarao's comments on reducing CRR, SLRSBI Chairman Pratip Chaudhuri today welcomed RBI Governor D Subbarao's remark on the need to cut mandatory CRR and SLR ratios for lenders.
Assocham for continuation of cash reserve ratioAmidst controversy over CRR, Assocham strongly advocated for continuation of CRR for effective liquidity management in banking system.
- Indian cash rates end up on strong demand
Liquidity injection from RBI through bond purchases in the secondary market under open market operations also helped to contain the rise in...
- GDP growth for this fiscal will be 9 to 9.5%: Sailesh Jha
In a chat with ET Now, Sailesh Jha, MD-Fixed Income Strategy, Asia Pacific, Jefferies, talked about inflation monetary policy, GDP growth a...