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OP Thomas

  • Inflation rises, but RBI may not hike rates

    WPI for March at three-month high at 5.7% while CPI at 8.31%

    Wednesday, 16 April 2014 - 9:40am
  • Stocks ride on Narendra Modi factor; Adani crosses 111%

    A perceived Narendra Modi wave has brought about the much-needed buoyancy in the stock market for traders, according to stock market experts. At least 59 stocks have outperformed the BSE 100 index as of today. Among the top gainers are Adani Enterprise (111.6%) Adani Power (63.1%), Ashok Leyland (...

    Friday, 11 April 2014 - 8:35am
  • IDFC, Bandhan gets RBI nod to set up new private banks

    Among the other 22 applicants in the fray which did not qualify this time were Anil Ambani group, Aditya Birla, Bajaj Finance, Muthoot Finance, Religare Enterprises and Shriram Capital to name a few. Initially, about 27 companies had approached the RBI in July 2013 seeking licences. Subsequently,...

    Thursday, 3 April 2014 - 6:10am
  • CPI inflation still remains a concern

    The bi-monthly monetary policy statement of the Reserve Bank of India (RBI) on Tuesday did not spring up any surprises on the rate front but has left many bankers with concerns about the months to come. The RBI left key repo rate unchanged at 8% and the governor, Raghuram Rajan, just spoke about...

    Thursday, 3 April 2014 - 9:30am
  • Divergent inflation trends may prompt RBI to maintain status quo on rates

    Divergent trends in core inflation (wholesale price index) versus consumer price index may prompt the Reserve Bank of India (RBI) to hike repo rate or at least maintain status quo on existing repo rate of 8%, bankers opined ahead of the central bank's monetary policy review on April 1.

    Thursday, 27 March 2014 - 8:10am
  • Fear of losing money behind bulging non-performing assets

    It's the fear of losing more money rather than putting a stop to losses that have made banks hold on to non-performing assets (NPAs) while awaiting a turnaround.

    Thursday, 13 March 2014 - 1:50pm
  • FII equity exposure in four trading days nears Feb levels

    The trend in debt is more bullish leading to a firmer rupee

    Friday, 7 March 2014 - 8:00am
  • HDFC MF launches second series to raise funds for free cancer treatment

    Having tasted the success of generating income for donations to treat cancer patients free of charge, HDFC Mutual Fund (HDFCMF) has launched a second series of its close-ended HDFC Debt Fund for Cancer Cure 2014 (HDFCC14) that will close March 11, 2014, a day after its first series gets redeemed....

    Tuesday, 4 March 2014 - 6:00am
  • Government raises stake to bail out United Bank

    Putting market speculation of United Bank of India's (UBoI) merger with Union Bank of India at rest, UBoI has converted Rs 800 crore of bonds issued by the government into equity shares of Rs 10 each and another allotment of Rs 110 crore equity shares of Rs 10 each at a possible premia. The bank on...

    Tuesday, 25 February 2014 - 6:00am
  • United Bank of India may merge with Union Bank

    United Bank of India, stuck with bad debts of Rs 8,546 crore, is likely to be bailed out through a merger with Union Bank of India than through a government infusion of capital. According to sources, the government will not want to re-capitalise United Bank, whose non-performing assets (NPAs) grew...

    Sunday, 23 February 2014 - 6:00am

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