Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts
Monday, February 22, 2016

Federal Bank hopes 15-20% growth in advances up coming fiscal 22 feb

Federal Bank : With its larger peers busy in cleaning up their balance sheets, South-based private sector lender Fed Bank is looking at it as an opportunity to increase business & expects 15-20 per-cent credit growth in the up coming financial year.Click for Commodity tips

At a time when some of the large and medium-sized banks are going through stress, with their focus more on getting their consolidation & act right, it opens up a remarkable space & opportunities for us," Fed Bank MD & CEO Shyam Srinivasan told in reports.

In a move to clean up bank's books, the Reserve Bank has questioning lenders to identify some huge accounts which are under stress, classify them as NPA and make adequate provision for them. Following this asset quality review, many of the public and private sector banks have reported dip in their profits or losses in the Q3(3rd quarter) of 2015-16. Our Country's largest lender State Bank of India reported 62 per-cent decline in profit to Rs 1,115 crore in the 3rd quarter from Rs 2,910 crs. The 2nd largest lender, Bank of Baroda , showed the highest-ever quarterly loss at Rs 3,342 crs for the quarter.

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Friday, February 12, 2016

RBI permits 3% more of SLR for LCR 12 Feb, 2016

The Reserve Bank of India has concluded the liquidity issues of commercial banks by easing the rules & regulations on the liquidity coverage ratio.Click for Commodity tips

On Yesterday, it allowed banks to qualify 10% of SLR bonds as Liquidity Coverage Ratio (LCR) from 7% earlier, a requirement mandated under the Basel-III accounting norms from their requirements of Statutory Liquidity Ratio. The move will help banks to use an additional Rs 2.8 lakh cr of their resources for lending.

The Reserve Bank had met banks on Tuesday this week to discuss their liquidity woes. "We are an open central bank." RBI governor Mr. Raghuram Rajan told at CII conference referring to the l meeting in which banks complained liquidity shortage seeking a total of 15% of SLR be made eligible for accounting LCR. "We will allow banks to use 3% more SLR under LCR" Rajan told in talks.

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Wednesday, January 27, 2016

Rupee down by 13 paise against USD at 67.96 27 Jan


Indian currency : Today, the INR(rupee) depreciated 13 paise to 67.96 against the US(United States) dollar in early trade ahead of the outcome of US Federal Reserve's two-day policy meet later in the day.

The local currency ended at 67.83 against the greenback on day before yesterday.

The currency market was closed on yesterday on account of celebrations of Republic Day. Experts & traders hopes that given the Fed policy outcome on yesterday and Bank of Japan's policy review on Friday last week, the currency may remain volatile in the extreme short term. RBI intervention will hold the key, they told.

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Thursday, January 14, 2016

RBI : Mr. Rajan seeks changes in work culture 14 Jan, 2016

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Reserve Bank : RBI's Governor Raghuram Rajan has challenged the staff to improve the work culture at the 81-year old central bank, with more communication, less bureaucracy & the  openness to outside thinking, & improved compliance.

The imagery that comes to mind for critics is of a traditional unimaginative organization rather than a dynamic intelligent one," Rajan tells in report about the RBI's 17 K staff.

Our regulations are not always very clear & understood. Our Bank staff sometimes is neither well informed of our own regulations nor willing to help the customer.

Our responses are sometimes extraordinarily slow & bureaucratic," he also said. Rajan also expressed concern that the RBI was not seen as enforcing compliance.
 
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Friday, January 8, 2016

Stock market headlines for 8 Jan, 2016

http://www.researchvia.com/free-trials/

Former IAS officer D.K. Sikri appointed CCI chairman.

Saudi considers IPO for oil giant Aramco: Reports said.

Need to avoid beggar-thy-neighbour policies: Rajan.

Netflix launches service in India for Rs 500 monthly.

China shares gyrate wildly; Shanghai sheds gains.

Dow, S&P off to worst 4-day Jan start ever as China fears grow.

Chinese regulator suspends circuit breakers.

RBI panel on financial markets meets amid chinese yuan spillover.

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