The Reserve Bank is likely to conduct open market operations (OMO) purchase worth Rs 1 trillion in the current financial year, says a report.
B Sriram was appointed as the MD and CEO of IDBI Bank for a temporary period of three months, according to an official order.
The 7.17 per cent 10-year benchmark bond maturing in 2028 surged to Rs 95.63 from Rs 95.40, while its yield edged down to 7.83 per cent from 7.86 per cent.
RBI Governor Urjit Patel voted for interest rate hike citing inflation risks and related uncertainties while his deputy Viral Acharya felt there was no alternative to it by 25 basis points.
The fraud may have been orchestrated by a few rogue employees, but it escaped detection due to widespread risk-control and monitoring lapses, says the report
The 7.17 per cent government security maturing in 2028 firmed up to Rs 95.40 from Rs 95.31, while, its yield edged down to 7.86 per cent from 7.88 per cent.
Public money is "extremely safe" in state-owned banks, Finance Minister Piyush Goyal said against the backdrop of several cases of frauds, including the USD 2 billion scam at PNB, unearthed recently.
Sebi plans to reduce the cooling off period to one year for its former employees before they take up jobs elsewhere as well as introduce special casual leaves for staff with physical disabilities.
RBI is expected to raise interest rates again in the final three months of this year, but over one-third of them predicted a hike as early as at the next meeting in Aug.
Bank credit grew 3.4 per cent on a sequential basis in the December 2017 quarter, helped by better performance by private sector banks and an uptick in industrial credit, show the RBI data.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20