bank levies

India Inc disappointed with RBI leaving rates unchanged (Lead)


June 18th, 2012 - 7:36 pm ICT by IANS
New Delhi/Mumbai, June 18 (IANS) Indian industry Monday expressed disappointment over the Reserve Bank of India's (RBI) decision to keep key lending rates unchanged to control inflation while the ... Read more...

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India Inc disappointed with RBI leaving rates unchanged


June 18th, 2012 - 5:34 pm ICT by IANS
New Delhi/Mumbai, June 18 (IANS) Indian industry Monday expressed disappointment over the Reserve Bank of India's (RBI) decision to keep key lending rates unchanged to control inflation while the economy ... Read more...

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India’s central bank keeps key lending rates unchanged (Second Lead)


June 18th, 2012 - 1:23 pm ICT by IANS
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) Monday kept key lending rates unchanged. The re-purchase rate remains unchanged at eight percent, which automatically keeps the reverse re-purchase ... Read more...

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No impact of rupee slide on banks: SBI chief


May 28th, 2012 - 9:59 pm ICT by IANS
Bangalore, May 28 (IANS) The rupee's slide against the dollar had no impact on Indian banking operations though profitability of importers would be affected, State Bank of India (SBI) ... Read more...

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India Inc welcomes rate cut (Lead)


April 17th, 2012 - 7:26 pm ICT by IANS
New Delhi, April 17 (IANS) The Indian industry Tuesday welcomed the Reserve Bank of India's (RBI) move to cut some key lending rates by 50 basis points, saying it would ... Read more...

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India’s central bank cuts interest rates to spur economy (Roundup)


April 17th, 2012 - 6:35 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

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India Inc welcomes rate cut


April 17th, 2012 - 6:07 pm ICT by IANS
New Delhi, April 17 (IANS) Indian industry Tuesday welcomed the Reserve Bank of India's (RBI) move to cut some key lending rates by 50 basis points, citing that it will ... Read more...

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India’s central bank cuts rates to push growth (Lead)


April 17th, 2012 - 1:16 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy ... Read more...

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India’s central bank cuts key rates


April 17th, 2012 - 12:42 pm ICT by IANS
Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- ... Read more...

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Inflation still a concern for RBI as rates left unchanged (Lead)


March 15th, 2012 - 1:24 pm ICT by IANS
Mumbai, March 15 (IANS) Containing inflation remains the foremost priority for the Reserve Bank of India (RBI), which decided Thursday to keep key interest rates unchanged in its mid-quarter ... Read more...

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Reserve Bank of India keeps rates unchanged


March 15th, 2012 - 12:50 pm ICT by IANS
Mumbai, March 15 (IANS) In line with expectations, the Reserve Bank of India (RBI) Thursday decided to keep key interest rates unchanged in its mid-quarter monetary policy decision."On the basis ... Read more...

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Indian markets quiet ahead of credit policy


January 24th, 2012 - 2:42 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets were ruling quiet in Tuesday morning trade as investors cautiously awaited the third quarterly review of the monetary policy by the Reserve ... Read more...

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Easing of rates depends on future inflation, growth: RBI


January 23rd, 2012 - 9:09 pm ICT by IANS
New Delhi, Jan 23 (IANS) A day before it unveils the third quarterly review of its monetary policy, the Reserve Bank of India signalled it may not lower interest rates, ... Read more...

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With inflation easing, India’s central bank halts rate hikes (Roundup)


December 16th, 2011 - 7:32 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged after as many as 13 successive hikes since early 2010, shifting its stance from taming inflation ... Read more...

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India’s central bank halts rate hikes on lower inflation (Lead)


December 16th, 2011 - 3:22 pm ICT by IANS
Mumbai, Dec 16 (IANS) India's central bank Friday kept key interest rates unchanged - after as many as 13 successive hikes since early 2010 - in a bid to ... Read more...

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Inflation will come down by December: Pranab


October 31st, 2011 - 5:52 pm ICT by IANS
New Delhi, Oct 31 (IANS) Inflation will come down by December as necessary steps have been taken to remove supply-side bottlenecks, Finance Minister Pranab Mukherjee said here Monday."Current inflation ... Read more...

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Inflation-focussed RBI hikes rates again, may hold off another revision


October 25th, 2011 - 5:57 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) Tuesday hiked key interest rates by 25 basis points -- the 13th straight increase to curb inflation -- but added ... Read more...

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Small home loan borrowers to get 1 percent interest subsidy


October 25th, 2011 - 5:45 pm ICT by IANS
New Delhi, Oct 25 (IANS) In a bid to provide relief to small home loan borrowers from rising interest rates, the government Tuesday said it will provide 1 percent ... Read more...

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Inflation will come down to 7 percent by March: RBI


October 25th, 2011 - 4:22 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) Tuesday said inflation would start moderating from December and come down to 7 percent by the end of the ... Read more...

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Global slowdown, reason for lowering growth projection: RBI


October 25th, 2011 - 2:59 pm ICT by IANS
Mumbai, Oct 25 (IANS) The Reserve Bank of India (RBI) lowered the growth estimates for fiscal 2011-12 to 7.6 percent citing a slowdown in the global economy and moderating domestic ... Read more...

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Economists divided on impact of rate hikes on India’s growth


September 20th, 2011 - 12:59 pm ICT by IANS
Kolkata, Sep 20 (IANS) Economists have started to question the hawkish stance of India's central bank that has seen as many as 12 rate hikes in the past 20 months, ... Read more...

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After petrol prices, higher interest rates set to bite


September 16th, 2011 - 7:23 pm ICT by IANS
Mumbai, Sep 16 (IANS) India's central bank Friday hiked key rates by 25 basis points in the 12th such exercise since January 2010 to tame stubborn inflation, setting the ... Read more...

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Rate hikes not curbing inflation, only hampering growth: Industry


September 16th, 2011 - 5:36 pm ICT by IANS
New Delhi, Sep 16 (IANS) Successive rate hikes by the Reserve Bank of India (RBI) have not helped in tackling soaring inflation but have only hampered growth, leading industry ... Read more...

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Petrol price hike to marginally push inflation up: RBI


September 16th, 2011 - 2:44 pm ICT by IANS
Mumbai, Sep 16 (IANS) The latest petrol price hike effected by the oil marketing companies will marginally add to upward pressures on headline inflation, the Reserve Bank of India (RBI) ... Read more...

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Food inflation soars to ‘disturbing’ level of 10.05 percent


September 1st, 2011 - 5:50 pm ICT by IANS
New Delhi, Sep 1 (IANS) Food inflation soared to double-digit figure for the first time in over five months on sharp jump in prices of onions, vegetables and fruits, ... Read more...

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Food inflation rises to 9.80 percent; Pranab expresses concern


August 25th, 2011 - 6:46 pm ICT by IANS
New Delhi, Aug 25 (IANS) India's annual food inflation rose to 9.80 percent for the week ended Aug 13 as compared to 9.03 percent in the previous week even as ... Read more...

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Inflation will ease in 2011-12’s second half: Minister


August 23rd, 2011 - 9:55 pm ICT by IANS
New Delhi, Aug 23 (IANS) Monetary tightening and easing demand-side pressure would help moderate inflation in the second half of the current fiscal, Minister of State for Finance Namo Narain ... Read more...

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Inflation eases to 9.22 percent in July (Lead)


August 16th, 2011 - 7:21 pm ICT by IANS
New Delhi, Aug 16 (IANS) Inflation based on wholesale price index declined marginally to 9.22 percent in July, the lowest level in eight months, from 9.44 percent in the ... Read more...

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Inflation eases a tad to 9.22 percent in July


August 16th, 2011 - 2:40 pm ICT by IANS
New Delhi, Aug 16 (IANS) Inflation based on wholesale price index declined marginally to 9.22 percent in July from 9.44 percent in the previous month, official data showed Tuesday.Final inflation ... Read more...

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Police rates hiked to tame inflation: RBI


August 12th, 2011 - 7:17 pm ICT by IANS
New Delhi, Aug 12 (IANS) Inflation would have spiralled out of control had the Reserve Bank of India (RBI) not adopted an aggressive monetary tightening policy and hiked the key ... Read more...

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Union Bank of India hikes base rate by 50 basis points


August 6th, 2011 - 5:09 pm ICT by IANS
Mumbai, Aug 6 (IANS) Public sector lender Union Bank of India (UBI) Saturday said it has increased its base rate by 50 basis points following hike in key interest rates ... Read more...

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Indian Overseas Bank hikes base rate


July 30th, 2011 - 4:56 pm ICT by IANS
Mumbai, July 30 (IANS) Indian Overseas Bank Saturday said it has revised its base rate from 10.25 percent to 10.75 percent in response to the Reserve Bank of India's 50 ... Read more...

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Sensex slumps 525 points on rate hike, weak global cues (Weekly market review)


July 30th, 2011 - 2:48 pm ICT by IANS
Mumbai, July 30 (IANS) Benchmark indices of Indian equities markets slumped almost 3 percent in weekly trade as a more than expected rate hike by the Reserve Bank of ... Read more...

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PNB, Allahabad Bank hike lending, deposit rates


July 29th, 2011 - 8:58 pm ICT by IANS
Mumbai, July 29 (IANS) Public sector lenders Punjab National Bank, Allahabad Bank and Oriental Bank of Commerce said Friday they will hike lending and deposit rates by up to 75 ... Read more...

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RBI may hike rates again if inflation remains high: Pranab


July 27th, 2011 - 5:45 pm ICT by IANS
New Delhi, July 27 (IANS) Finance Minister Pranab Mukherjee said Wednesday the Reserve Bank of India might hike policy rates again as inflation was unlikely to come ... Read more...

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