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PARTHASARTHI MUKHERJEE
Lakshmi Vilas Bank looks to raise Rs 1,000 crore if merger deal goes awryTalks with investors on as bank readies strategy if merger with Indiabulls fails or RBI delays approvals.
LVB in talks with Indiabulls Hsg, others to raise growth capitalIts gross and net NPAs were 13.95 per cent and 7.6 per cent, respectively.
No rate cut, but a few tweaks may see home loans cost lessProvisions for standard assets have been reduced by 15 basis points to 0.25% from 0.40%.
RBI Policy: LTV relaxed, home loans to get cheaperFor loans above Rs 75 lakh, with LTV ratio of above 75%, risk weight is reduced by 25% to 50%. Standard asset provision for all individual ...
There is case for RBI to cut interest rate: Raghuram RajanAhead of the annual monetary policy review of the RBI, Chief Economic Advisor Raghuram Rajan today said there is a scope for interest rate ...
- Sovereign wealth funds lap up permits to buy bonds
SEBI received bids for Rs34,984 crore of corporate bonds where the auctioned amount was Rs 26,925 crore.
Vodafone representatives meet Revenue Secretary, tax officials in a bid to resolve tax issueVodafone India's MD and CEO Martin Pieters and non- executive chairman Analjit Singh held discussions with Revenue Secretary Sumit Bose and...
Finance Ministry is working towards amicable resolution of Vodafone caseThe revenue department, it is learnt, will soon be sending its reply to the representation made by the Vodafone.
GAAR panel likely to submit final report tomorrowThe Parthasarathi Shome panel, looking into the taxation issues relating to GAAR (General Anti-Avoidance Rules), is likely to submit its fi...
- Govt expands scope of GAAR panel to cover all non-residents
The government has expanded the scope of the expert committee on GAAR to include all non-resident tax payers.
- Axis Bank raises $250 million through a re-issue of five year RegS dollar bond
The bonds have been priced at 4.7%, that is 390 basis points over the 5-year US Treasury Note, at a price of Rs 101.835.
Hedging gets tough on rupee volatilityImporters and exporters attempt to cushion fluctuations in rupee movements by getting into derivative contracts in receivables referred to ...
RBI reaches out to NRIs to lift rupee; raises interest rates on deposits in foreign currencies by up to 3%RBI raised the cap on interest offered by banks on NRI deposits to make it attractive for those who earn less than 2% in parts of the Weste...
Budget 2012: Government allows airlines to raise $1 billion in ECBs for a yearThe government has thrown a lifeline to cashstrapped power and aviation companies by letting them borrow overseas. But raising money won't ...
- Overseas borrowings by Indian cos hit year's low on EU crisis, rupee fall
Overseas borrowings by Indian cos plunged to a year's low as the European sovereign crisis forced banks to shut doors on Indian firms.
- Debt investments to push recovery when rates drop
In the six months to December 16, depositors have parked nearly Rs 3.53 lakh crore in deposits with banks, most of it in two to fiveyear ma...
Indian loans caught in Euro squeezeNearly $160 billion worth of Indian borrowings from Europe faces an uncertain future as the continent's banks embark on panic deleveraging.
- Pressure on rupee persists as geo-political woes mount
The sovereign debt crisis in the euro zone and fears of widening trade deficit in the country also continues to weigh on sentiments.
- Banks' off-balance sheet exposure up 30 per cent
Violent fluctuations in currencies and interest rates in the past 18 months have led to a 30% surge in off-balance sheet exposure of banks.
- RBI, govt must ensure rates don't rise: Market Watchers
RBI and government will have to quickly line up a series of steps to fulfil finance minister Pranab Mukherjee's promise that interest rates...