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HindustanTimes Mon,21 Apr 2014

Banking

Rate sensitive scrips tank up to 10% on RBI move

Interest-rate sensitive stocks suchas banking and realty today plunged up to 10%, after RBI raised lending rates in order to stem rupee volatility. The BSE realty index ended 5.84% lower at 1,457.29 and was the top loser among 13 sectoral indices.

No relief on EMIs

The steps taken by the RBI to curb rupee volatility is a clear pointer that your EMIs are unlikely to come down when the central bank reviews monetary policy on July 30. Sachin Kumar reports.

Barclays faces $453-mln fine over US price rigging: regulator

British bank Barclays has been hit by US federal regulators with a $453-million (344-million-euro) fine for alleged electricity price manipulation in western US markets, a charge which the scandal-hit bank denies.

fed flexible on bond buying: bernanke

Federal Reserve chairman Ben Bernanke said today the US central bank still expects to start scaling back its massive bond purchase programme later this year, but he left open the option of changing that plan if the economic outlook shifted.

RBI bond sale sails through

The Reserve Bank of India managed to sell around Rs. 11,500 crore  ( Rs. 11,482 crore) of government bonds of its targeted Rs. 15,000 crore on Friday showing that the panic in bond market has subsided.

SBI rejigs management, Pradeep Kumar to head large corps group

State Bank has re-jigged its second tier management by moving P Pradeep Kumar, deputy managing director in-charge of global markets and treasury operations, to head the large corporate group.

Rajan, Mayaram in race for RBI governor’s post

Governor Duvvuri Subbarao’s remarks on Saturday that he has not yet been offered an extension when his five-year term as head of the RBI comes to an end, has triggered speculation about his likely successor. HT reports.

Direct transfer hurts banks’ KYC norms

In its hurry to spread the direct transfer scheme aimed at aiding beneficiaries of government welfare schemes, India's bankers may be slackening on a key regulatory requirement — Know Your Customer (KYC) norms. Mahua Venkatesh reports.

Face-based payment tech from Finnish firm

Finnish company Uniqul has developed the world's first payment system which recognises customers' faces and helps them pay without having a wallet, credit card or mobile phone. 

I-T returns must for those earning below Rs. 5 lakh

Filing income tax returns has now become mandatory for salaried individuals earning up to R5 lakh per annum, the Central Board of Direct Taxes (CBDT) said today.  HT reports.

Bank of India Q1 Net up 8.6% at Rs. 964 crore

Bank of India today reported 8.6% rise in its net profit at Rs. 964.18 crore for the first quarter ended June 30, 2013.

Subbarao meets FM ahead of July 30 policy review

Amidst bankers and industry crying foul over RBI's move to squeeze liquidity, Reserve Bank Governor D Subbarao today met Finance Minister P Chidambaram ahead of first quarter policy review next week.

5 things you must know about home insurance

The frequency of natural calamities is a cause for concern. The destruction it brings with it leaves a big hole in the pockets of those affected. However, with a little care, you can avoid the financial setback. Deepti Bhaskaran reports.

Bank of India registers 9% rise in Q1 profit

Bank of India on Friday announced 9% year-on year rise in net profit to R964 crore for the quarter ended June 2013 compared with R887 crore in the corresponding quarter the previous year, helped by healthy growth in interest and non-interest income.

Finance Min may allow 5 pvt funds to manage pensions of govt staff

The Finance Ministry is considering a proposal to allow five private fund managers to manage pension corpus of government employees.

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