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Manju AB

  • Move over banks, RBI pushes for smart wallets

    The RBI is running a pilot project with a group of private payment gateway operators like Oxigen and Airtel Money to facilitate money transfers without the intervention of a bank.

    Thursday, 23 October 2014 - 5:00am
  • We expect credit growth to pick up by end of third quarter: Bank of India MD Vijayalakshmi Iyer

    Bank of India is planning to set up a subsidiary dedicated to social work, a first among its domestic peers. Amid increasing competition, the public sector lender is trying to consolidate the credit portfolio, cut expenses and focus on fee and treasury income to stay profitable. The bank is...

    Monday, 20 October 2014 - 4:25am
  • Sebi order leaves DLF with few funding options

    The stock market regulator's move to ban DLF chairman KP Singh, his son and vice-chairman Rajiv Singh and daughter Pia Singh, along with a clutch of other senior company officials, from raising funds in securities market has dealt a heavy body blow to the Delhi-based real estate giant. The company...

    Wednesday, 15 October 2014 - 5:20am
  • Gifting money goes social

    This festive season you may gift money to a friend anywhere in the world through social media networks including Facebook, Twitter or WhatsApp. Oxigen, the company that set up the first mobile wallet in the country, now allows you to send airtime and money through social media networks at the click...

    Tuesday, 14 October 2014 - 5:40am
  • New project announcements hint at capex cycle revival

    According to CMIE, 74 new projects were announced in the power sector and 36 projects in transport services, particularly in the shipping and road sectors

    Friday, 10 October 2014 - 6:00am
  • Central Vigilance Commission vigil slows bank credit growth

    Constant circulars – six in the last three months – are playing on bankers' psyche, forcing them to put off credit decisions

    Thursday, 9 October 2014 - 5:35am
  • Banks catch em' young with savings accounts

    Piggy banks are passe. The traditional coin container that children used to keep their 'wealth' has lost its relevance, with banks opening accounts for children. Banks are catching them young, literally, say industry officials. In fact, these days, banks are not even sparing new-born. Just-born...

    Tuesday, 7 October 2014 - 5:15am
  • Banks do not share RBI's concerns over realty

    Sharp rise in equity, real estate prices raises risk of financial instability in the event of an unanticipated bursting of building equity, real estate bubbles, says RBI

    Monday, 6 October 2014 - 6:25am
  • Don't want to hold up rates, but that's only tool I have: Raghuram Rajan

    For Reserve Bank of India governor Raghuram Rajan, it has been a year-long fight against inflation since he took charge in September 2013. He candidly said in a press conference post the credit policy announcement that manoeuvering interest rates is the only tool he has to counter the inflation...

    Wednesday, 1 October 2014 - 6:05am
  • No rate-cut goodies this Diwali

    In inflation vigil, central bank keeps key rates unchanged citing risks from food price shocks geo-political developments

    Wednesday, 1 October 2014 - 5:30am