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Thursday, January 19, 2017

HDFC cuts retail prime lending rate by 15 basis points

Housing Development Finance Corp Ltd has cut its retail prime lending rate by 15 basis points, with effect from today, January 19, 2017. The post HDFC cuts retail prime lending rate by 15 basis points appeared first on The Financial Express.

United Bank of India aims at more pan-India presence to improve CD ratio

State-run United Bank of India is planning to open around 240 branches by the next financial year across the country for more pan-India presence in order to improve its credit-deposit (CD) ratio. The post United Bank of India aims at more pan-India presence to improve CD ratio appeared first on The Financial Express.

IndusInd Bank rated ‘Buy’; Nomura says bank doing better than expected

IIB’s Q3FY17 was strong, with almost no impact from demonetisation, and reported PAT at R7.5 bn was better than our estimate of R7.25 bn. The post IndusInd Bank rated ‘Buy’; Nomura says bank doing better than expected appeared first on The Financial Express.

SBI committed to financial inclusion of all: Arundhati Bhattacharya

State Bank of India (SBI) chairperson Arundhati Bhattacharya today said the bank is committed to financial inclusion of all sections of people in all areas of the country. The post SBI committed to financial inclusion of all: Arundhati Bhattacharya appeared first on The Financial Express.

SBI-Omanese fund launches second India-focused Private Equity

The Oman-India Joint Investment Fund (OIJIF), a mid-market India-focused private equity fund, today announced the first closure of its second fund, OIJIF Fund II with an initial corpus of USD 220 million. The post SBI-Omanese fund launches second India-focused Private Equity appeared first on The Financial Express.

Lifestyle makeover: 4 mistakes to avoid when saving money

Making changes in your lifestyle rather than going for stop-gap arrangements can make the money saving process more productive. The post Lifestyle makeover: 4 mistakes to avoid when saving money appeared first on The Financial Express.

Kotak revises ABB EPS estimates upwards; target price Rs 1,050

The ABB-BHEL consortium has won the Raigarh-Pugalur UHVDC order from PGCIL with a large portion of ABB’s Rs 43 billion work share expected to flow through ABB India. The post Kotak revises ABB EPS estimates upwards; target price Rs 1,050 appeared first on The Financial Express.

Reserve Bank of India autonomy fundamental, we have to maintain it: Bimal Jalan

A day after former RBI governor Y V Reddy flagged 'reputational risk' being faced by the central bank, another former governor Bimal Jalan today said its autonomy is fundamental and needs to be maintained. The post Reserve Bank of India autonomy fundamental, we have to maintain it: Bimal Jalan appeared first on The Financial Express.

Interview: Delinquencies & slippages actually improved over the quarter, says Indusind Bank CEO Romesh...

Despite a 38% year-on-year jump in deposits, higher than 25% growth in advances, IndusInd Bank saw a 34.5% rise in its net interest income, which, in turn, drove a 29% bottom line growth for the December quarter. The post Interview: Delinquencies & slippages actually improved over the quarter, says Indusind Bank CEO Romesh Sobti says appeared first on The Financial Express.

ADB operations reach a record $31.5 billion in 2016

Asian Development Bank (ADB) operations for Asia and the Pacific reached all-time high of $31.5 billion in 2016, a 17 per cent increase from USD 26.9 billion in the previous year. The post ADB operations reach a record $31.5 billion in 2016 appeared first on The Financial Express.