Banking awareness prog at DPS

Dimapur, February 11 (MExN): RBI and the Orchid Foundation Guwahati will organize a Banking Awareness programme at DPS Dimapur. The RBI Ombudsman will conduct the programme from 12 noon to 2:00 pm on February 13. Parents, senior students and teachers of the school shall attend the programme. Mongkum Jamir, Managing Director of Symbios (P) Ltd will be the chief guest.

The Morung Express

Why RBI regulation is must for gold loan firms?

In the first place regulator like the RBI is unlikely to have the wherewithal to be able to monitor customer practices across the length and breadth of the country, that's going to be RBIs first big challenge. The second big challenge will be to ensure that the industry remains and that the baby is not thrown out with the bath water…………

Read.................... 

Recycling microfinance

……The new regulations by the Reserve Bank of India (RBI) on microfinance have prompted MFIs to go for a makeover, in order to cope with the new limitations imposed on them. While some are going for product finance and morphing into non-banking financial companies (NBFCs) that can finance anything, others are rigidly staying on in the terrain of offering small credit to the poor in rural and urban India………

Read..........

MFIs step up securitisation deals

…The reason why banks are chasing a few MFIs for securitisation deal is the recent Reserve Bank of India (RBI) directive narrowing the scope of priority sector lending norms governing banks. RBI recently disallowed banks from classifying loans given to non banking finance companies (NBFCs), other then MFIs, as priority sector lending. As per the RBI norms, banks are required to lend 40 per cent of their adjusted net credit to the priority sector. Direct agriculture loans should constitute 18 per cent of priority sector loans for Indian banks……………

Read...............

Exuberant Indian markets gloss over economic reality

…..“We don’t expect the RBI to be aggressive in easing rates as inflation worries are still not completely mitigated. We expect it to be cautious in easing interest rates,”………….

Read...........

GDP growth rate prospects positive

………Investors have to be careful while using this GDP estimate as a factor in their investment strategy. The Central Statistical Office has been one of the last organisations to recognise the deceleration in the GDP growth. But, with the Reserve Bank of India (RBI) announcing that the peak in the interest rate cycle has been reached, the macroeconomic fundamentals will only get better from the current levels……………..

Read.................

The Hunt For Rs 2,70,000 Crore

.........The M. Narasimham Committee’s second report on banking reforms in 1998 was prophetic: “Given the dynamic context in which banks are operating, further capital enhancement would be necessary for the larger Indian banks. Against the background of the need for fiscal consolidation and given the many demands on the budget for investment funds in areas like infrastructure and social services, it cannot be argued that subscription to the equity of public sector banks to meet their enhanced needs for capital should command priority.” It was suggested that the government cut its stake in state-run banks to 33 per cent. Is it time to revisit the proposal? ................

Read............

A crisis ignored

....................The advance estimate of national income in 2011-12, released recently by the Central Statistical Organisation points to a decline in India’s GDP growth rate from 8.4 per cent last year to 6.9 per this year. The government, obsessed with growth rates, is deeply disappointed. Hence there is already talk of the need to respond and demands that the Reserve Bank of India should reduce interest rates are being heard.................

Read.......

Lock into debt schemes as interest rates peak

……………The interest rates are at their peak levels with the Reserve Bank of India (RBI) signaling a softening in the monetary policy in its previous quarterly review last month. The RBI is expected to cut the key interest rates, going forward, in the near to medium terms, if the inflation rate stays down. It is an opportunity for all investors - those with a high risk appetite and the risk-averse - to lock-in to debt instruments that offer high interest rates for a medium to long term………

Read...........

Parking of Starbuses continue in Kasturchand Park

..... Around 140 Starbuses have been parked in KP towards RBI square-Railway Station road since last 21 days…………..

Read............