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Analysts, market participants hail RBI move on bond markets

Market participants and analysts have hailed the Reserve Bank's measures announced today to deepen the corporate bonds market, saying the move will go a long way in developing the nascent debt space.

RBI lets banks issue masala bonds, to accept corporate bonds in LAF RBI lets banks issue masala bonds, to accept corporate bonds in LAF

Reserve Bank on Thursday announced a slew of changes in fixed income and currency markets such as allowing lenders to issue 'masala bonds' and to accept corporate bonds under the liquidity adjustment facility (LAF).

Rupee rebounds 6 paise to 67.05 vs USD Rupee rebounds 6 paise to 67.05 vs USD

Rupee regained its strength after a brief dip and ended higher by 6 paise at 67.05 against the greenback Thursday on bouts of dollar selling by banks and exporters.

RBI retains 'too big to fail' tag for SBI, ICICI Bank RBI retains 'too big to fail' tag for SBI, ICICI Bank

RBI on Thursday retained 'too big to fail' tag for the state-owned SBI and private lender ICICI Bank for the second year in a row, calling them systemically important banks for 2016 requiring higher level of supervision.

Sensex drops 224 points; Nifty dips below 8,600-mark Sensex drops 224 points; Nifty dips below 8,600-mark

The 30-share index ended lower by 224.03 points at 27,835.91, posting its biggest fall in two weeks.

MFs asset base from B15 cities up 19% to Rs 2 lakh crore MFs asset base from B15 cities up 19% to Rs 2 lakh crore

Contribution of small towns -- known as beyond the top 15 cities (B15) -- to mutual funds' asset base in India has surged 19 percent to Rs 2.02 lakh crore in last fiscal.

Sensex firms up 78 points in early trade on F&O expiry Sensex firms up 78 points in early trade on F&O expiry

Continuing its upmove for the third straight session, the benchmark BSE Sensex rose nearly 78 points to 28,137.93 in early trade today with participants indulging in short-covering in view of August derivatives series expiry.

Sebi confirms ban on 11 entities in tax evasion case

Markets regulator Sebi on Wednesday confirmed its interim order banning 11 entities in a case related to tax evasion and money laundering through stock exchange platform.

Cabinet gives nod to revised Indo-Cyprus DTAA Cabinet gives nod to revised Indo-Cyprus DTAA

In another major step in fight against tax evasion, the Cabinet on Wednesday gave its approval to the revised DTAA between India and Cyprus that provides for source-based taxation of capital gains on transfer of shares instead of one based on residence.

Zeta eases retail payment further with NFC-enabled super tag Zeta eases retail payment further with NFC-enabled super tag

Zeta, an emerging fin-tech start-up that is bringing disruptions in the Employee Tax Benefits and Rewards space, has introduced Near Field Communication (NFC) based payment feature that enables its users to pay with even more ease at any cash counter.

Sensex manages to end above 28K-level; investors cautious ahead of Yellen speech Sensex manages to end above 28K-level; investors cautious ahead of Yellen speech

In yet another volatile session, the BSE Sensex on Wednesday settled nearly 70 points higher, breaching the 28,000-level on mild buying in pharma, IT and PSU counters, but broader market sentiment remained edgy awaiting cues on US interest rate hike this year.

Sensex regains 28K level, up 118 points in early trade Sensex regains 28K level, up 118 points in early trade

Also, the NSE Nifty climbed 28.45 points, or 0.32 percent, to 8,661.05.

RBL Bank's IPO oversubscribed 70 times, applications cross 1 mn on Day 3

RBL Bank's initial public offer, the first by a private bank in a decade, was oversubscribed a staggering 69.58 times, with the number of applications crossing 1 million on the last day of the IPO Tuesday.

Yes Bank enters credit card space, eyes No 3 slot in 4 years Yes Bank enters credit card space, eyes No 3 slot in 4 years

Setting an ambitious target of having five million customers by 2020 and to become the No 3 player in the extremely competitive industry, mid-sized lender Yes Bank Tuesday made a foray into the credit card market.

Rupee rebounds from 1-month low; closes up 13 paise against USD Rupee rebounds from 1-month low; closes up 13 paise against USD

The rupee Tuesday recovered from one-month low level to close higher by 13 paise at 67.06 a dollar on the back of selling of the US currency by banks and exporters.

FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code

Calling for time-bound implementation of the Insolvency and Bankruptcy Code (IBC) 2016, Finance Minister Arun Jaitley on Tuesday directed senior officials of his ministry to take "immediate action" on the key requirements of the legislation.

Urjit Patel as new RBI head to ensure continuity: Mundra Urjit Patel as new RBI head to ensure continuity: Mundra

The appointment of Urjit Patel as 24th Governor of the Reserve Bank will ensure continuity of policy as he has been incharge of the monetary policy, RBI Deputy Governor S S Mundra said Tuesday.

Gold smuggling: Government loses over $1 billion in revenue Gold smuggling: Government loses over $1 billion in revenue

Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.

Pace of new bad loan formation has decelerated: RBI Pace of new bad loan formation has decelerated: RBI

RBI Deputy Governor S S Mundra on Tuesday said the pace of formation of new non-performing assets (NPAs) or bad loans has decelerated although some banks have posted losses for the first quarter of the current financial year due to higher provisioning.

 

No bubble in retail loans: SBI chief Arundhati Bhattacharya on Raghuram Rajan remarks No bubble in retail loans: SBI chief Arundhati Bhattacharya on Raghuram Rajan remarks

Within days of Reserve Bank Governor Raghuram Rajan expressing concerns on banks' aggressive retail play at the cost of infra financing, SBI Chairman Arundhati Bhattacharya Monday said there is no bubble-like situation in the consumer lending segment.