D Subbarao, C Rangarajan, Kamath amongst Top Leaders to address Convocation 2012 at IIMs

.....While Dr. D Subbarao, Governor, RBI will grace the convocation at IIM Bangalore to be held on March 30, K V Kamath will be the chief guest at both IIM Ahmedabad and IIM Indore to be held on March 24 and March 31 respectively. Dr C Rangarajan, will be the chief guest at IIM Lucknow Convocation on March 17............

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Mr Subbarao, why not double the joy with a repo cut next week?

..... The question now is will the central bank cut repo rates in its 15 March policy review or will it do so in its annual policy review in April 2012? The difference between March and April in terms of data points will not be much as March inflation is expected at around 6.5-7 percent levels, and this inflation number will be released in April. However, the difference a repo rate cut in March will make to money market sentiments will be high........

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First sign RBI’s shifting to growth mode

..... Friday’s cut infuses Rs 48,000 crore into the banking system, effective March 10, which is the beginning of the fresh reporting fortnight. The effect of this will initially be felt more in equities than bonds.....

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Subbu Sab jaanta hai, part 2: Why RBI Gov did what he did

……..Subbarao knows that he cannot relax his vigil on inflation. The pyrotechnics on CRR are intended to make up for slowing down on repo rate cuts. So forget about a 50 basis points cut in repo on 15 March. Be happy if he even does 25 bps – just to keep the FM happy. And don’t count on too many more cuts to follow. Subbu is no wimp on inflation.…….

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Bankers rule out cut in lending rates following reduction in CRR

Bankers on Saturday said RBI's more-than expected 0.75-percentage point cut in cash reserve ratio (CRR) will ease the liquidity strain, but ruled out any immediate reduction in lending rates. "We were expecting 50 basis points cut in the CRR and hence, are pleasantly surprised by the Reserve Bank's move... banks will not cut lending rates immediately though," SBI Chairman Pratip Chaudhuri said.......

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Pranab urges private, foreign banks to improve customer services

....The Union Finance Minister, Mr Pranab Mukherjee, on Saturday urged private and foreign banks to put in extra efforts to improve their customer services and redress their complaints......

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Performance of Co-operative Urban Banks reviewed

To review the performance of Urban Co-operative Banks functioning in the State of Jammu and Kashmir and discuss latest policy developments a meeting of the State Level Task Force on Co-operative Urban Banks (TAFCUB) was held at RBI Jammu under the Chairmanship of KK Saraf, Regional Director for Jammu and Kashmir. Ghulam Rasool Khan, Special Secy. Co-operative Department Jammu and Kashmir alongwith Riyaz Ahmad, Jt. Registrar (B&F), Co-operative Societies, Jammu and Kashmir attended the meeting. Ashok Goswamy, CEO, Citizens' Co-operative Bank Limited, Jammu, RD Gupta, CEO, Devika Urban Cooperative Bank Limited, Udhampur, MA Sofal, CEO, Urban Co-operative Bank Limited, Anantnag and AM Dar, CEO, Kashmir Mercantile Cooperative Bank Limited Sopore were also present in the meeting.

http://www.greaterjammu.com/2012/20120303/business.html

A gap-up opening on the cards

The Reserve Bank of India's (RBI’s) surprise CRR (cash reserve ratio) cut is enough a reason to bring cheers to the market on Monday morning. However, going ahead, it seems unlikely the up move will be sustainable during the week.........

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How long is late before a cheque is credited?

You drop a cheque with your banker for collection. How long will you wait before it is credited to your account? A week? 15 days? A month? A customer had to wait for 10 years! The case of this customer, call him Mr Dixit, is recounted in the 2010-11 Annual Report of the Banking Ombudsman released recently.........

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