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RBI discontinues investment fluctuation reserve requirement for banksThe Reserve Bank of India has discontinued the Investment Fluctuation Reserve for commercial banks. This change takes effect from May 18, 2...
RBI to withdraw investment fluctuation reserve requirement for banksThe Reserve Bank of India plans to remove the investment fluctuation reserve requirement for commercial banks. Existing rules already provi...
Now, give credit where credit's dueAs leaders convene in Seville, reforming the credit-rating system to prioritize developing countries' needs is crucial. The current system,...
Ebbing Covid impact on economy strengthens Indian banks' operating environment, Fitch saysFitch Ratings reports that the operating environment for Indian banks has improved thanks to the easing of pandemic-related risks. A number...
Automatic for the people: robots in the workplaceThe move comes amid a liquidity squeeze following the Reserve Bank of India’s (RBI) decision to hike interest rates, even as startups are s...
Treating ESOPs as expense to erode earnings: LendersBankers are either abandoning or cutting down on stock option plans and redrawing compensation for top executives as they shift to deferred...
ICICI Pru Life wants to keep asset and liability side pristine: NS KannanThere is a huge protection gap. It is only 2% and it has been operating only in savings.
Vodafone Idea Q1 loss widens to Rs 4,908 crore QoQ; margins expandRevenue for the quarter ended June 30 came in at Rs 11,269.9 crore, down 4.3% on quarter.
India postpones accounting rules, sparing banks bad-loan pilesThe Reserve Bank of India has delayed the introduction of tough new accounting rules for the second year running.
RBI's loan classification numbers don't match banks'Three private-sector lenders have together reported more than Rs 12,000 crore in asset classification divergences for FY17 so far.
Top 11 takeaways from Infosys Q2 result for investorsThe company said its net sales stood at Rs 17,310 crore for the quarter ended September 30 compared to Rs 16,782 crore reported in the June...
Our numbers suggest there is no slowdown: V Srinivasa Rangan, Executive Director, HDFCIn an interview with ET, HDFC Executive Director V Srinivasa Rangan says HDFC is still rock solid and defends the accounting practices amid...
Barclays strategy backfires in Libor scandalBob Diamond and the rest of the Barclays board sowed the seeds of their own downfall when they chose to come clean about Libor fixing.
- Macquarie says HDFC inflated profits data; bank denies brokerage house's view
In a report titled 'The Last Bastion Falls', Macquarie argues that HDFC's profits have been overstated by 32% on an average for the past tw...
- Global trends: New financial statements will help investors
An important issue relates to the classification of such loans if there is a breach of a covenant as on the balance-sheet date.
Budget got tax incentives wrongBudget opened up low-cost finance for infrastructure financial intermediaries by increasing foreign exchange fund-raising limit by Rs 90K c...
- IFRS norms may be diluted before rollout
Watered-down rules are likely to help India Inc, but global investors may turn sceptical.
‘Developments in global markets to decide inflows’In an interview with ET, Mr Shanbhag says the market needs to recognise that we are moving into a phase when the central bank’s accommodati...
- Focus to prune down food inflation for long term price stability: Jaypee Capital
Jaypee Capital puts forth its expectations from the forthcoming Union Budget to be presented by Finance Minister Pranab Mukherjee.
Insurers will get options to invest in infra bondsChanges in investment norms will ensure better returns for policyholders, IRDA chief Hari Narayan says.