U.S. banking regulators urge ‘responsible use’ of alternative lending data
WASHINGTON (Reuters) - U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure “responsible use” of non-traditional sources of financial data to help determine whether a potential…
Air India sale: Govt mulls foreign control of national carrier
The rule mandates that control of an airline always remain in Indian hands, one of several reasons global firms have been wary of bidding for Air India.The government is considering amending a rule to allow overseas control of local…
Public sector banks disburse Rs 4.91 lakh cr loan during October-November
During the two months, banks have given Rs 72,985 crore to MSME sector while loans to corporates stood at Rs 2.2 lakh crore.As part of a government-mandated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh…
RBI Monetary Policy: The need for 75 basis points rate cut is now
The decision in front of the Monetary Policy Committee (MPC), in our view, is whether to push for moderate easing or deep easing.Since the stance of the RBIis transparent, the market seems to have already priced in a cut of 25 basis…
Your Money: Looking For Holiday Buys? Try E-commerce ETFs
NEW YORK (Reuters) - First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season - around $730 billion in November and December, according to the National Retail Federation. FILE PHOTO:…
Indian banks need $7 billion additional capital: Fitch
Fitch said the rating outlook for most Indian banks mirrors the stable outlook on India’s sovereign rating. (Reuters)Indian banks need an additional USD 7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for…
HDFC Bank sees signs of revival in rural areas amid sputtering economy
The Reserve Bank of India is expected to cut interest rates again this week, after Friday’s report that gross domestic product growth slowed to 4.5% in the September quarter.HDFC BankLtd., India’s most valuable lender by market…
Foreign investors bring cheer to Indian market in November; FPI in equity at 8-month high
To further boost the investments, the government is considering doing away with multiple taxes such as LTCG, DDT, STT, etc, and may move to a single-tax structure on equity investments.The foreign portfolio investors are gradually…