November 11th, 2008 - 7:25 pm ICT by IANS
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New Delhi, Nov 11 (IANS) In a bid to infuse additional liquidity into state-run banks, Finance Minister P. Chidambaram Tuesday directed public sector enterprises to ensure at least 60 percent of their ...
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November 4th, 2008 - 5:09 pm ICT by IANS
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New Delhi, Nov 4 (IANS) Finance Minister P. Chidambaram Tuesday said enough liquidity had been infused into India's financial system and that commercial banks would now enhance their credit delivery at the ...
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November 4th, 2008 - 1:08 pm ICT by IANS
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The economy seems to be looking up since last week with some positive gains for stock markets and moderation in inflation, giving the Reserve Bank of India (RBI) sufficient confidence to take ...
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November 3rd, 2008 - 12:12 pm ICT by IANS
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Mumbai, Nov 3 (IANS) Indian equities opened higher Monday with the mood turning upbeat after the weekend rate cuts announced by the central bank to lower the cost of borrowings for commercial ...
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November 2nd, 2008 - 11:55 am ICT by IANS
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New Delhi, Nov 2 (IANS) Ajit Singh, an investment adviser in Boston working for one of Europe's largest commercial banks, had it all good a year ago. Engaged to be married later ...
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November 1st, 2008 - 5:14 pm ICT by IANS
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Mumbai, Nov 1 (IANS) In a bid to lower the cost of borrowing for households and industry and infuse additional liquidity worth Rs.400 billion, India's central bank Saturday cut some key interest ...
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November 1st, 2008 - 3:22 pm ICT by IANS
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Mumbai, Nov 1 (IANS) In a dramatic weekend announcement, India's central bank Saturday cut some key interest rates and reduced the minimum cash balance banks have to retain against deposits in a ...
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October 25th, 2008 - 9:13 pm ICT by IANS
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Hamburg, Oct 25 (DPA) A second German bank lined up Saturday for a government rescue, as officials reportedly debated whether to force recapitalisation on shy commercial banks.One of the banks run by ...
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October 24th, 2008 - 2:09 pm ICT by IANS
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Mumbai, Oct 24 (IANS) The Reserve Bank of India (RBI) left key interest rates unchanged and projected an economic growth of 7.5-8 percent during the current fiscal in its mid-term review of ...
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October 22nd, 2008 - 6:09 pm ICT by IANS
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Beijing, Oct 22 (Xinhua) The Agricultural Bank of China (ABC) will get capital injection worth $19 billion from the country's state-held wealth fund or sovereign wealth fund, a top ranking bank official ...
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October 21st, 2008 - 3:27 pm ICT by IANS
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Thiruvananthapuram, Oct 21 (IANS) Kerala's capital remained shut Tuesday over the demand for a high court bench in the city - the 97th shutdown here in a span of just over ...
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October 20th, 2008 - 3:15 pm ICT by IANS
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Mumbai, Oct 20 (IANS) India's central bank Monday cut a key interest rate by 100 basis points to 8 percent with immediate effect in a bid to reduce the cost of borrowing ...
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October 17th, 2008 - 4:46 pm ICT by ANI
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Islamabad , Oct 17 (ANI): Pakistan Finance Ministry has said that it is left with only 2.48 billion dollars of net forex reserves, which, according to it, were barely enough to ...
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October 15th, 2008 - 8:11 pm ICT by ANI
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New Delhi, Oct 15 (ANI): Finance Minister P Chidambaram has announced that the Reserve Bank of India will immediately release Rs 25,000 crore to commercial banks, cooperative banks and RRBs under ...
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October 15th, 2008 - 3:02 pm ICT by IANS
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Mumbai, Oct 15 (IANS) the Reserve Bank of India (RBI) Tuesday said the auction of bonds to release Rs.200 billion ($4.18 billion) toward the needs of mutual fund industry would be extended ...
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October 14th, 2008 - 4:31 pm ICT by ANI
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Washington, Oct.14 (ANI): Democratic presidential candidate Barack Obama has proposed new measures to put the American economy back on track, including adding 60 billion dollars in new tax breaks and other ...
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October 14th, 2008 - 1:32 pm ICT by IANS
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Mumbai, Oct 14 (IANS) A day after asking commercial banks not to withhold credit to the corporate sector, especially small firms, the Reserve Bank of India (RBI) Tuesday said another Rs.200 billion ...
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October 13th, 2008 - 9:07 pm ICT by IANS
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New Delhi, Oct 13 (IANS) The Reserve Bank of India (RBI) Monday asked commercial banks not to withhold credit to corporate India that had already been sanctioned and approved, saying prudent lending ...
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October 10th, 2008 - 9:48 pm ICT by IANS
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Mumbai, Oct 10 (IANS) India's central bank, the Reserve Bank of India (RBI) announced Friday that the cash reserve ratio (CRR) will be reduced by 150 basis points (bps) to 7.50 percent ...
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October 10th, 2008 - 9:05 pm ICT by IANS
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Mumbai, Oct 10 (IANS) Terming it as the "need of the hour", bankers and analysts have welcomed the Reserve Bank if India's (RBI) move to inject Rs.600 billion ($15 billion) liquidity through ...
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October 7th, 2008 - 4:58 pm ICT by IANS
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Reykjavik, Oct 7 (DPA) The Icelandic Financial Supervisory Authority took over the operations of the Landsbanki bank Tuesday under the provisions of emergency laws passed late Monday, as Russia offered the country ...
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October 7th, 2008 - 2:01 pm ICT by IANS
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Mumbai, Oct 7 (IANS) Indian equities slipped into the red in early hours of trading Tuesday after opening on a strong note following interventions by the markets watchdog and a cut in ...
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September 25th, 2008 - 6:32 pm ICT by IANS
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Beijing, Sep 25 (Xinhua) China's banking regulator Thursday disclaimed media report that it has asked Chinese banks to halt interbank lending to their US counterparts."The regulator has never, through any channel, issued ...
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September 25th, 2008 - 1:15 pm ICT by IANS
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Islamabad, Sep 25 (IANS) President Asif Ali Zardari is to ask the US, Britain, Saudi Arabia and other major economic powers for pledging aid of up to $5 billion "to rescue Pakistan's ...
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September 24th, 2008 - 2:02 pm ICT by IANS
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Kozhikode, Sep 24 (IANS) Banks in Kerala remained closed Wednesday in response to a two-day nationwide strike called by the United Forum of Bank Unions (UFBU) to protest the government's privatisation policy.Bank ...
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September 22nd, 2008 - 4:40 pm ICT by IANS
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Mumbai, Sep 22 (IANS) Indian equities markets opened strong Monday, slipped into the red within 20 minutes into trading and fell further before beginning to recover mid-afternoon and should close flat or ...
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September 16th, 2008 - 11:03 pm ICT by IANS
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New York, Sep 16 (IANS)In the banking industry's biggest restructuring since the Great Depression, stand-alone securities firms such as Lehman, Merrill and the now-defunct Bear Stearns are on the wane, giving way ...
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September 16th, 2008 - 5:37 pm ICT by IANS
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Beijing, Sep 16 (Xinhua) Chinese shares plunged 4.47 percent amid global financial turmoil Tuesday, as investors reacted to losses on Wall Street and the People's Bank of China's (PBOC) decision to slash ...
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September 15th, 2008 - 4:53 pm ICT by IANS
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Beijing, Sep 15 (Xinhua) China's central bank said Monday it will reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic ...
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August 13th, 2008 - 7:24 pm ICT by IANS
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New Delhi, Aug 13 (IANS) India's economic growth forecast for this fiscal was pegged at a lower range of 7.7 percent to 8 percent by various official estimates Wednesday, but all agreed ...
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