Page 7 - Manojit Saha

RBI tells Kotak Mahindra Bank to stop issuing new credit cards

Will work with RBI to swiftly resolve pending issues, says Kotak Mahindra Bank

Axis Bank Q4 results: Reports net profit at Rs 7,130 crore, NII rises 11%

NII grew 11% to Rs 13,089 cr, while fee income grew by 23% to Rs 5,637 cr

Loan for Vodafone Idea: Banks to check liabilities repayment schedule first

Telecom company Vodafone Idea needs to raise about Rs 25,000 crore through loans

Lok sabha polls: Can Ashok Chavan swing it for BJP in Maharashtra's Nanded?

The BJP has again fielded sitting MP Prataprao Patil Chikhalikar who humbled Chavan in the 2019 Lok Sabha elections by over 40,000 votes

Extreme weather conditions, crude pose inflation risk: RBI Bulletin

Patra says that economy must grow at 8-10% in next three decades to take advantage of demographic dividends

Lok Sabha polls: BJP's bastion gears up for a triangular contest in Akola

For the 2024 Lok Sabha polls, the BJP has fielded Sanjay Dhotre's son, Anup Dhotre, against the Congress' state committee general secretary Abhay Patil

Raising capital may be priority for incoming Dhanlaxmi Bank's CEO

Ajith Kumar K.K. will be fifth chief executive of Dhanlaxmi Bank in 9 years

HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation

The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO

Life insurers log 15.6% growth in new biz premium in March, shows data

In the financial year ended March 31, 2024, NBP grew 2 per cent, mainly due to LIC, which saw a decline of 4 per cent. Private sector players reported a growth of 12 percent in FY24

RBI's monetary policy committee refuses to drop its guard on inflation

"We should stay the course and remain vigilant', says RBI Governor Shaktikanta Das

Universal bank licences: Here are key changes in licensing criterion

Two new sets of banks - small finance banks and payments banks - have also started operations under differentiated licensing norms

Rupee, reserves: Calibrated approach taken by RBI in managing exchange rate

The RBI stepped up its intervention in the foreign exchange market in 2022, resulting in a sharp fall in foreign exchange reserves

Deposit rates raised by public sector banks higher than private peers

The share of bank loans bearing over 8 per cent interest rates increased from 47.2 per cent in March 2022 to 78.9 per cent in March 2023, and further to 83.7 per cent in December 2023

Bandhan Bank MD Ghosh asks staff not to worry over his resignation

When asked if there will be an interim CEO, he said the board will take necessary steps in the first week of July

Rising speculative bets stoke RBI crackdown on currency derivative

Volumes up 3x post Covid; 2/3rd participation by prop traders

Would like inflation elephant to return to forest, stay there: RBI Guv Das

RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts

SFBs seek glide path from RBI to become universal banks citing eligibility

Lower priority sector lending norms would help in reducing cost

How monetary transmission may hold key to policy stance, Das clarifies

The monetary policy committee of the RBI had hiked the policy repo rate by 250 basis points (bps) between May 2022 and February 2023 before hitting a pause

Will RBI change focus to growth after PM Narendra Modi's speech?

While the central bank has not hiked the repo rate for more than a year now, but it has refused to drop the guard on inflation even if core inflation has moderated

PM asks RBI to consider innovative credit policies for youth in new sectors

PM attributes the banking sector's profitability and credit growth surge to the decade-long collaboration between his government and the RBI