commercial banks

Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup)


September 17th, 2012 - 11:22 pm ICT by IANS
Mumbai, Sep 17 (IANS) The Reserve Bank of India (RBI) Monday kept key interest rates unchanged, but cut the cash reserve ratio (CRR) releasing Rs.17,000 crore into the banking system ... Read more...

Posted in Business |

US banks’ net income rises


August 29th, 2012 - 1:07 pm ICT by IANS
Washington, Aug 29 (IANS) US banks' net income in the second quarter of this year continued to increase, driven by lower loan-loss provisions and higher gains on loan sales, the ... Read more...

Posted in Uncategorized |

SBI wants CRR phased out for ‘more efficient’ banking (Lead)


August 23rd, 2012 - 10:38 pm ICT by IANS
Kolkata, Aug 23 (IANS) The country's largest public sector lender, the State Bank of India (SBI) has strongly proposed phasing out of Cash Reserve Ratio (CRR) to make ithe ... Read more...

Posted in Business |

Nepal’s gold imports increase


August 14th, 2012 - 1:59 pm ICT by IANS
Kathmandu, Aug 14 (IANS) Nepal's gold imports increased by a whopping 114 percent to 5,900 kg during fiscal year 2011-12, compared to import figures of the previous fiscal.Value of imports ... Read more...

Posted in South Asia |

Sensex snaps 3-week losing streak; up 359 points (Weekly market review)


August 4th, 2012 - 6:06 pm ICT by IANS
Mumbai, Aug 4 (IANS) Snapping a losing streak of three straight weeks, Indian equities markets benchmark indices gained more than two percent in the weekly trade on the back ... Read more...

Posted in Business |

Mexican farmers to sell commodities on futures market


August 2nd, 2012 - 11:21 am ICT by IANS
Mexico City, Aug 2 (IANS/EFE) The government and brokers are launching the Market Risk Management Program, which will allow farmers to sell commodities using futures contracts, Mexican officials said.The program's ... Read more...

Posted in Business |

RBI keeps key rates unchanged, cuts SLR by 1 percent (Roundup)


July 31st, 2012 - 9:32 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June saying lowering them would raise inflationary pressure without ... Read more...

Posted in Business |

Subbarao sees scope to cut rates in 2012


July 31st, 2012 - 6:17 pm ICT by IANS
Mumbai, July 31 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao Tuesday said persistent high inflation did not allow the central bank to cut interest rates immediately but there ... Read more...

Posted in Business |

Indian economy to grow 6 to 6.5 percent in 2012-13: Montek


July 31st, 2012 - 3:39 pm ICT by IANS
New Delhi, July 31 (IANS) Indian economy is expected to grow by 6 to 6.5 percent in the current financial year and would take at least two years to reverse ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation outlook worsens (Lead)


July 31st, 2012 - 2:41 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering them would raise the inflationary pressure.In ... Read more...

Posted in Business |

RBI keeps key rates unchanged as inflation persists


July 31st, 2012 - 1:56 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June, saying lowering of rates would aggravate inflationary pressure.In ... Read more...

Posted in Business |

Mexico’s central bank sells $281 mn to ease volatility


July 25th, 2012 - 11:57 am ICT by IANS
Mexico City, July 25 (IANS/EFE) The Banco de Mexico said it auctioned off $281 million on the domestic market to reduce volatility in the exchange rate of the peso, which ... Read more...

Posted in Business |

Chandy seeks PM’s help for educational loans


July 20th, 2012 - 7:32 pm ICT by IANS
Thiruvananthapuram, July 20 (IANS) Kerala Chief Minister Oommen Chandy Friday urged Prime Minister Manmohan Singh, who holds the finance portfolio, to direct commercial banks to sanction educational loans to ... Read more...

Posted in Business |

Kenya’s central bank cuts benchmark rate


July 6th, 2012 - 2:14 pm ICT by IANS
Nairobi, July 6 (IANS) Kenya's Central Bank (CBK) has reduced its interest benchmark rate (CB Rate) to 16.5 percent from 18 percent to bring inflation towards the medium-term target and ... Read more...

Posted in Business |

Micro finance institutions: RBI concerned on monitoring deficiences


July 5th, 2012 - 5:43 am ICT by IANS
Chennai, July 4 (IANS) The Reserve Bank of India (RBI) is the regulator for micro finance institutions (MFIs) but there are concerns over whether it has the wherewithal to do ... Read more...

Posted in Business |

Home loans up to Rs.15 lakh get 1 percent cheaper


July 4th, 2012 - 4:41 pm ICT by IANS
New Delhi, July 4 (IANS) The government Wednesday announced one percent interest subsidy on housing loan up to Rs.15 lakh to give a boost to low-cost housing projects in ... Read more...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

Home prices down in China


April 18th, 2012 - 7:25 pm ICT by IANS
Beijing, April 18 (IANS) New home prices in most Chinese cities have declined in March, the country's National Bureau of Statistics (NBS) said Wednesday.In March, 46 of the statistical pool ... Read more...

Posted in Business |

Rate cut will stimulate growth: Montek


April 17th, 2012 - 9:09 pm ICT by IANS
Bangalore, April 17 (IANS) Reduction of 50 basis points in repurchase (repo) rate by the Reserve Bank of India (RBI) would stimulate growth and put the economy back on rail, ... Read more...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

India’s growth pegged at 7.3 percent, inflation at 6.5 percent


April 17th, 2012 - 1:47 pm ICT by IANS
Mumbai, April 17 (IANS) India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around ... Read more...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

Bangladesh encourages inward remittances with new banks


April 4th, 2012 - 8:56 pm ICT by IANS
Dhaka, April 4 (IANS) Bangladesh's central bank has approved a proposal to set up three new commercial banks to boost inward remittances from its citizens living and working abroad.The board ... Read more...

Posted in Business |

RBI governor meets Mukherjee ahead of policy review


April 3rd, 2012 - 7:15 pm ICT by IANS
New Delhi, April 3 (IANS) Reserve Bank of India Governor D. Subbarao Tuesday met Finance Minister Pranab Mukherjee to discuss the macro-economic situation, two weeks ahead of the monetary ... Read more...

Posted in Business |

Kerala to be tough on banks not providing ‘edu loans’


March 28th, 2012 - 5:55 pm ICT by IANS
Thiruvananthapuram, March 28 (IANS) Kerala Chief Minister Oommen Chandy Wednesday said the state government will act tough on commercial banks that do not provide educational loans to students."It ... Read more...

Posted in Business |

‘Government banks lending to key sectors up 19 percent’


March 15th, 2012 - 5:11 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday reported an increase of 19 percent in key lending sectors ... Read more...

Posted in Business |

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...

Posted in Business |

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...

Posted in Business |

RBI mid-quarter review Thursday


March 14th, 2012 - 9:29 pm ICT by IANS
Mumbai, March 14 (IANS) Financial markets and industries are hoping for a rate cut in the Reserve Bank of India's mid-quarter review of its monetary policy Thursday."We expect the RBI ... Read more...

Posted in Business |

India’s central bank frees more money for credit (Lead)


March 9th, 2012 - 9:44 pm ICT by IANS
Mumbai, March 9 (IANS) In a bid to free more money for commercial banks to lend, India's central bank Friday cut a key rate that determines the amount of ... Read more...

Posted in Business |

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