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IDFC to transfer lending business to new banking subsidiary
Thu, Oct 30 2014. 10 46 PM

IDFC to transfer lending business to new banking subsidiary

The infrastructure finance company will issue one equity share in the new bank for every share held in IDFC Ltd
Uber Says RBI extends deadline to meet payment norms
Thu, Oct 30 2014. 08 30 PM

Uber Says RBI extends deadline to meet payment norms

RBI has granted the maker of the ride-hailing application until 30 November to move to a new payment mechanism
India bonds touch 13-month peak on reforms optimism
Thu, Oct 30 2014. 05 49 PM

India bonds touch 13-month peak on reforms optimism

The benchmark 10-year bond yield ended at 8.29% against its close of 8.32% on Wednesday
Rupee closes 9 paise weaker at 61.45 per dollar
Thu, Oct 30 2014. 05 28 PM

Rupee closes 9 paise weaker at 61.45 per dollar

The partially convertible rupee opened at 61.52 per dollar compared with its previous close of 61.36
Sensex rises to 5-week high on rate-cut hopes
Wed, Oct 29 2014. 10 30 PM

Sensex rises to 5-week high on rate-cut hopes

Metals, auto lead rally amid speculations that RBI may lower interest rates as a drop in oil prices cools inflation
RBI allows all UCBs to act as PAN service agent
Wed, Oct 29 2014. 07 26 PM

RBI allows all UCBs to act as PAN service agent

The move aims to expand the scope of fee-based services offered by UCBs, says RBI
Former RBI governor Subbarao says its time to ‘get cracking’ on reforms
Wed, Oct 29 2014. 01 43 PM

Former RBI governor Subbarao says its time to ‘get cracking’ on reforms

D. Subbarao says now is the time to ease labour laws, make it easier to acquire land and implement GST
Raghuram Rajan rate-cut bets spur Asia’s biggest swap drop
Wed, Oct 29 2014. 12 48 PM

Raghuram Rajan rate-cut bets spur Asia’s biggest swap drop

India’s first cut in borrowing costs since May 2013 may be just months away as a slide in oil prices cools inflation, interest-rate swaps show
NBFCs brace for tougher norms from RBI
Wed, Oct 29 2014. 01 05 AM

NBFCs brace for tougher norms from RBI

NBFCs are worried RBI’s new norms will lead to increased provision requirements which could hurt profitability
India’s plan to grant new bank licences to companies poses risks: S&P
Tue, Oct 28 2014. 05 58 PM

India’s plan to grant new bank licences to companies poses risks: S&P

S&P highlighted the risks from a prolonged weakness in Indian banks’ asset quality, which could hurt economic recovery

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