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22 December, 2018 4:00 AM Retirement planning, new RBI Governor and market strategies

Watch the video to know how investors should go about planning for their retirement and more. This week on The Moneycontrol Show, we discuss how should investors go about planning for their retirement. We'll also find out what are the best instruments where investors must save to get maximum returns. In our Macro segment, we discuss the discuss the big challenges 72

21 December, 2018 9:20 AM India's government likely to renew demand for extra dividend from RBI: Sources

India's government will likely renew its demand for 131.40 billion Indian rupees ($1.9 billion) in additional dividend from the central bank helmed by newly-appointed governor Shaktikanta Das, two sources in the government told Reuters. The government believes the amount has been pending since 2016-17, when the used an internal formula called staggered 107

21 December, 2018 1:17 AM Govt to infuse Rs 83,000 cr in PSBs in next few months: Jaitley

New Delhi: Finance Minister Arun Jaitley Thursday said the government will infuse Rs 83,000 crore in public sector banks in the next few months of the current fiscal. Earlier in the day, the government sought Parliament's approval for infusion of an additional Rs 41,000 crore in the state-owned banks through the second batch of Supplementary Demands 111

20 December, 2018 3:18 PM RBI Governor to meet private sector lenders next week

RBI Governor Shaktikanta Das said he will meet representatives of private sector banks and cooperative banks next week to discuss issues and concerns. Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due to differences with the government. "Meetings with public sector banks completed. Shall meet representatives 94

19 December, 2018 5:07 AM RBI To Infuse Rs 50,000 Crore Worth Of Liquidity In December

MUMBAI: The Reserve Bank of India (RBI) on Tuesday said on review of the evolving liquidity conditions, it has decided to scale up the amounts to be purchased in the remaining two OMO (Open Market Operation) auctions scheduled in December 2018 to Rs 15,000 crore each. "Consequently, the total injection of durable liquidity for the month of December 2018 would 125

18 December, 2018 2:19 PM Banknotes' printing cost rose to nearly Rs 8,000 cr in DeMo year: Govt

The expenditure on printing of notes during 2015-16, the year prior to demonetisation, was Rs 3,421 crore. The cost of printing currency notes escalated to Rs 7,965 crore in 2016-17, the year when the government had banned the high-value 500 and 1,000 rupee bills, the government informed Parliament on December 18. Also, the printing cost came down to a substantial 102

18 December, 2018 6:23 AM Banks race against time to replace magstripe cards as December 31 deadline nears

The EMV cards, which have a chip embedded in them are considered more secure and less prone to card skimming at ATM machines Only Europay, Mastercard, Visa (EMV) chip and pin-based debit or credit cards will be valid from January 1, 2019, according to a circular by the Reserve Bank of India (RBI). The move has been initiated to tackle issue of electronic 133

17 December, 2018 7:31 AM HC refuses to stay Dec 31 deadline for Kotak Mahindra Bank promoter stake dilution

The Bombay High Court has refused to order a stay on the Reserve Bank of India's December 31 deadline to Kotak Mahindra Bank seeking dilution of promoter stake. The Bombay High Court has refused to order a stay on the Reserve Bank of India's December 31 deadline to Kotak Mahindra Bank seeking dilution of promoter stake. This means that the bank will have to reduce 75

14 December, 2018 11:37 AM Understanding the Kotak-RBI battle – Letter, spirit, rules and a court petition

We examine the complications and implications – essentially the answer to the question: What is this Kotak’s Natak? Kotak Bank which was built by Uday Kotak was asked by RBI to pare down its promoter stake way back in 2012. THis is normal, as part of RBI norms, to “broadbase� the shareholding and to restrict individuals from holding large stakes 245

13 December, 2018 1:54 PM Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

Due to subdued market conditions, banks have been unable to raise enough funds from the markets so far. New Delhi: The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks as they have been unable to raise required funds from the markets, sources said. As part of the capital infusion plan announced by the Finance 187