Rajan takes on SBI, says no relevance between CRR and cheaper loans

Last Updated: Tuesday, April 7, 2015, 19:36

RBI Governor Raghuram Rajan Tuesday dismissed the demand made by SBI for a reduction in cash reserve ratio (CRR) prior to the policy, as "irrelevant", saying there is no correlation between lower CRR and cheaper loans.

Canara Bank to get Rs 1,500 cr fund infusion from LIC soon

Last Updated: Friday, April 3, 2015, 16:09

At the current market price, Canara Bank would be able to raise about Rs 1,500 crore by issuing shares on preferential basis.

IL&FS aims to more than triple power generation capacity

Last Updated: Wednesday, March 25, 2015, 19:27

Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, betting on demand for renewable energy sources such as wind and solar in Asia`s third-largest economy.

PNB raises Rs 1,800 crore from bonds to fund infra projects

Last Updated: Tuesday, March 24, 2015, 19:22

State-owned Punjab National Bank on Tuesday announced raising Rs 1,800 crore through long-term bonds for funding infrastructure projects.

SBI sees loan growth picking up from next year

Last Updated: Tuesday, March 24, 2015, 17:08

State Bank of India, India's largest lender, expects loan growth to rise to as much as 15 percent in the fiscal year to March 2016, boosted by government auctions for coal concessions and mobile radio airwaves, Chairman Arundhati Bhattacharya said on Tuesday.

Merkel sets strict terms for Greek aid, Juncker flags EU cash

Last Updated: Friday, March 20, 2015, 21:13

German Chancellor Angela Merkel, the euro zone`s main paymaster, said on Friday Greece would only receive fresh funds to ease a cash crunch once its creditors approve a comprehensive list of reforms it has promised to present soon.

Rs 7,024 crore transferred under LPG cash subsidy scheme

Last Updated: Friday, March 20, 2015, 17:24

Government on Friday said that it has transferred Rs 7,024 crore as cash subsidies to LPG consumers since mid-November 2014 under the PAHAL scheme.

Greece, Ukraine to dominate EU summit

Last Updated: Thursday, March 19, 2015, 11:16

Greece`s Prime Minister Alexis Tsipras will plead with European counterparts at a summit in Brussels Thursday to release vital funds to help his debt-laden country stave off a looming cash crunch.

RBI may go for CRR cut prior April 7: SBI

Last Updated: Wednesday, March 18, 2015, 19:20

The Reserve Bank of India is expected to go for a cut in the CRR as a "prelude" to the monetary policy review meet scheduled to be held on April 7, according to an SBI report.

India to encourage non-cash payments: Subramanian

Last Updated: Thursday, March 12, 2015, 13:44

India is working towards policies and regulations that would encourage non-cash payments to effectively tackle the problem of black money, a top Indian economic adviser has said.

State banks may eye markets for cash if growth picks up

Last Updated: Wednesday, March 11, 2015, 18:04

India`s state-owned lenders may turn to equity markets and other alternative sources of capital in order to compensate for a smaller cash injection from the government this year, a senior official said on Wednesday.

Alibaba in funding talks with Snapdeal: Source

Last Updated: Wednesday, March 11, 2015, 14:31

Alibaba is in talks with Indian online marketplace Snapdeal over a potential cash investment, a source familiar with the negotiations said, in what would be the Chinese e-commerce giant`s first direct investment in India.