Banking news of the day

Below is the snapshot of the latest banking news happening around the world.

June 18, 2013 9:45 IST | India Infoline News Service
Banks expect rate cuts in July; rule out cut in lending rate
Ruling out the possibility of cutting lending rates after Reserve Bank kept key rates unchanged, bankers on Monday said the central bank decision to hold the rates was on expected lines given the troubles on rupee and high current account deficit. (Source: PTI)

India Inc disappointed over RBI decision not to cut key rates
Expressing disappointment over RBI's decision to keep key rates unchanged, India Inc said the time was appropriate for cut in interest rates to revive the country's economic growth. (Source: PTI)

RBI's status quo influenced by external factors: C Rangarajan
Reserve Bank's decision to maintain a status quo on interest rates has been influenced by external sector considerations, specially widening current account deficit, Chairman of Prime Minister's Economic Advisory Council, C Rangarajan, said. (Source: PTI)

EMIs to remain high as RBI keeps policy rates unchanged
The Reserve Bank of India (RBI) Monday kept key policy rates unchanged, after lowering them in each of its three previous monetary policy reviews, and warned that the rupee's weakness and rise in administered prices, for instance of diesel, could fuel inflation. (Source: IANS)

Private banks step up hiring; top-five add over 15,000 staff
Leading private sector lenders are in top gear when it comes to expanding their headcount and just five of them, including ICICI Bank and HDFC Bank, added more than 15,000 employees to their payrolls in the last fiscal. (Source: PTI)

Dena Bank turns to east to grow CASA and SME loans
Dena Bank, the western India focused lender, is turning to east as the region appears less crowded and shows opportunity. (Source: The Economic Times)

FDIC’s complex-firms chief exits as banks write new wills
Jim Wigand, who oversees the Federal Deposit Insurance Corp.’s Dodd-Frank Act powers to dismantle the most complex U.S. banks in a crisis, is stepping down next month. (Source: Bloomberg)

G8 urges Europe to move on bank reform, Japan to fix budget
The euro zone came under pressure from other rich economies on Monday to press on with a banking union and Japan was urged to follow up on massive central bank stimulus with structural reforms and measures to tackle its budget deficit. (Source: Reuters)

UK's Co-op Bank agrees to $2.4-bn 'bail-in' rescue plan
Britain's Co-operative Group has agreed a plan to plug a £1.5 billion ($2.4 billion) capital hole at its bank which forces bondholders to pay part of the bill, avoiding a repeat of the taxpayer-funded bailouts staged during the financial crisis.

Euro zone ministers to discuss bail-in rules in bank rescues
Euro zone finance ministers will discuss on Thursday how to decide which creditors will lose money and in what order during future bank rescues by the bloc's bailout fund, the European Stability Mechanism. (Source: Reuters)

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