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Finance News - Page 5

HDFC Bank's profit up 20.7%, expects higher loan growth than sector

HDFC Bank Ltd, India's second-biggest private sector lender by assets, said on Thursday it was optimistic of growing loans on the back of faster economic expansion after reporting net profit grew more than a fifth in the March quarter.

Renewables to Jan Dhan: RBI changes priority sector lending norms to include new categories

Overdraft facility under Pradhan Mantri Jan Dhan Yojna (PMJDY) would also be considered as priority sector lending

IMD's forecast: Poor rains could be another shocker to public sector banks

The deteriorating financial health of state-run banks is already visible in their earnings.

Boost for e-comm: RBI for e-tail, bank tie-ups, pre-paid cards for easier payments

When the telecom sector was growing, there were similar problems which were solved through collaboration, said HR Khan

Good decision, SBI: Bank quietly buries its controversial $1 bn loan pact with Adani

If indeed SBI has decided to kill the loan agreement with Adani, it definitely is a good business decision.

Tax terrorism: Why did Jaitley let his babus take him for a ride with a new, flawed ITR form?

Arun Jaitley allowed himself to be conned by his tax babus who came up with a new ITR that would have made compliance more difficult instead of going after the really big crooks who may have salted black money abroad

Seven years after credit crisis: Banks return to retail consumers to sell loans to beat industrial slowdown

The current push is the boldest since before the 2008 financial crisis

Will tax terrorism reach your home? Jaitley wants to know where did you go last year

The new tax returns we have to file for the last financial year is more intrusive in the level of details its seeks from taxpayers. It could bring fear of the taxman into every home unless the law specifically prevents this from happening.

IMF has a warning about India's weak banks and it is a wake-up call for Jaitely

Finance minister Arun Jaitely has only deepened the mess in the banking sector by denying capital to weaker banks

#RajanEffect: RBI spruces up website, to use Twitter and Youtube to reach masses

Don't be surprised if you see the RBI's Twitter handle suddenly becoming active again

With more banks expected to follow ICICI and Axis on rate cuts, is it time for RBI to ease further?

With banks falling in line somewhat, the first hurdle for future rate cuts is cleared; but the critical factor is the rains and crude prices

ICICI Bank, Axis, NBFCs cut home loan rate by up to 0.25%

The move follows rate cuts initiated by leading players State Bank of India and HDFC Ltd in the past few days

SBI, HDFC rate war is tokenism; customers unlikely to benefit hugely

If the common man has to benefit, the RBI will have to cut its policy rate further

Fadnavis' self-goal: 9 reasons why abolition of toll for cars is counter-productive

Maharashtra is abolishing many road toll plazas, but this decision will prove costly in the long run. It puts a question-mark over future private investment in infrastructure

SBI cuts home loan interest rate by 0.25%, could cut base rate by April

The cut in interest rate on home loans, with effect from tomorrow, is higher than the reduction of 0.15 per cent in base rate that came into force on 10 April.

Banking to see great changes in coming years, public banks will be change agents: RBI Rajan

The governor also said the change will be witnessed mostly in the social banking

RBI policy decision: Unless banks listen to Rajan, industrial growth is at risk

RBI policy talks about easing the short term liquidity in the market, but it does not talk about the real challenge that the banks and corporate are facing.

Banks being too stingy? ICICI, SBI, HDFC Bank finally cut lending rates

In the policy document too, for the first time perhaps, lack of monetary transmission topped the list of RBI’s concerns even before inflation risks have found mention.

Banks should quickly sell off businesses they got via debt conversion. Here's why

Banks may do well to cherry pick the assets gotten on conversion and sell those assets separately to various buyers

RBI policy review today: Will Rajan cut rates to support growth, or pause to fight inflation?

While a section of economists expect the RBI to cut rates today to support growth, others forecast the central bank to take a pause in view of the risk factors to inflation

Financial inclusion to farmer suicide : Key takeaways from Modi's speech at RBI

In the speech rendered at the 80th anniversary celebrations of the Reserve Bank of India, the prime minister also sounded concerned about the farming community

Modi's comments on farm sector lending is grossly unfair; banks have always lent to farmers

It is time government thinks about ways to mobilise funds for farm sector from non-banking sources and stop forcing banks to lend

Anemic core sector growth puts more pressure on RBI to cut rates again

The weakness in core sector growth, along with falling inflation expectation of households, would logically put pressure on Reserve Bank of India (RBI) governor, Raghuram Rajan, to cut rates as early as the 7 April policy announcement.

Rate cut next week? Some believe Rajan will surprise again though macros don't favour

There aren’t any convincing data between last policy and now that makes a case for a rate cut. But there is surely a consensus building up

Reining in bad loans: RBI vows to trim banks' exposure to corporates

The central bank also said it would consider setting a minimum percentage of capital requirements that companies must raise from corporate bond and commercial paper markets

Crude shock: Deeper crisis in Yemen could mean your loan rates won't fall as expected

India being heavily dependent nation on imported fuel, any major external shocks can significantly upset the inflation projections and rate stance of the central bank