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27 November, 2018 10:30 AM RBI eases hedging norms for ECBs

Mumbai: The Reserve Bank Monday relaxed norms for external commercial borrowings (ECBs) by reducing the mandatory hedging provision to 70 percent from the current 100 percent. The relaxed norms will apply to the ECBs with a maturity period between 3 and 5 years, the central bank said in a notification. "On a further review of the extant provisions, it has been decided 97

27 November, 2018 4:57 AM Worried about ATMs shutting down? Here is how you can adopt online payment methods

Instant transfer directly to bank account is the biggest plus point of using UPI, compared to other cashless modes. We all remember the horror stories of having to stand in serpentine queues to deposit/withdraw cash after the government announced note ban in November, 2016. While an event of that scale is unlikely to happen in future, you could find yourselves 192

27 November, 2018 3:33 AM Centre To Infuse 42,000 Crore Rupees In Debt-Laden State-Run Banks By March

The infusion is part of the Rs 2.11 lakh crore, two-year, front-loaded bank recapitalisation plan announced by the government in October 2017. NEW DELHI: The government will pump Rs 42,000 crore into debt-laden public sector banks in the remainder of the current financial year to March to improve their financial health, a senior Finance Ministry official 113

26 November, 2018 2:10 PM Parliamentary standing committee meeting to discuss the impact of demonetisation tomorrow

New Delhi: A crucial Parliamentary standing committee meeting to discuss the impact of demonetisation is scheduled for Tuesday. As per Zee Media, Reserve Bank of India (RBI) Governor Urjit Patel will also attend the meeting. He is expected to apprise the Parliamentary standing committee regarding the impact of demonetisation on Indian economy. The standing 124

22 November, 2018 3:41 PM Oriental Bank of Commerce to divest stake in life insurance JV

The bank said that they have taken this decision after the government announced PSB reforms to conserve capital Public sector bank, Oriental Bank of Commerce (OBC) is planning to divest stake in its life insurance joint venture Canara HSBC OBC Life Insurance to conserve capital. The bank holds 23 percent in the company, while Canara Bank holds 51 percent 163

22 November, 2018 2:10 PM Bank credit grows by 14.88%, deposits by 9.13%

Bank credit rose by 14.88 percent to Rs 91.11 lakh crore in the fortnight ended November 9, while deposits grew by 9.13 percent to Rs 118.25 lakh crore, according to the RBI data. In the year-ago fortnight, bank advances stood at Rs 79.31 lakh crore, while deposits at Rs 108.35 lakh crore. In the previous fortnight ended October 26, 2018, credit had grown 129

20 November, 2018 6:03 AM Sell USDINR; target of 71.35

ICICI Direct expects USDINR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions. The rupee extended sharp gains yesterday supported by a decline in the dollar as well as expectation of ebbing tensions between the RBI and the central government . It is expected to open on a mildly higher note today tracking 106

17 November, 2018 3:58 AM Best tax-saving options, RBI's Public Credit Registry, market strategies

This week on The Moneycontrol Show, as the tax season starts, we help you find the best investments to save tax. Sakshi Batra speaks to Manoj Nagpal, our personal finance expert, about the exemptions and deductions you can avail of. In our Macro segment, we find out more about RBI’s Public Credit Registry and how it will help banks to deal with the problem 82

13 November, 2018 6:33 PM RBI To Inject Liquidity Worth Rs 12,000 Crore On November 15

The Reserve Bank of India (RBI) would inject Rs 12,000 crore into the market by purchasing government securities on November 15, 2018. The decision comes amid concerns of a liquidity crisis in the economy after the financial services company IL&FS reported defaults in September. "Based on an assessment of prevailing liquidity conditions and also of the durable 81

13 November, 2018 6:34 AM India will benefit from strong corporate earnings growth, favourable geo-political scenario: Macquarie

Macquarie's Sandeep Bhatia said they expect earnings growth to be 15 percent across broader market and for indices it would be around 18 percent. Sandeep Bhatia, head of equity-India at Macquarie Cap Securities, spoke to CNBC-TV18 about the trends in stocks market and his outlook on banks and NBFCs. According to Bhatia, "The volatility in market will continue 112