deputy governor

RBI ticks off SBI chairman


August 27th, 2012 - 9:07 pm ICT by IANS
Chennai, Aug 27 (IANS) A senior Reserve Bank of India (RBI) official Monday ticked off the chairman of State Bank of India (SBI) in public, saying he should look ... Read more...

Posted in Business |

RBI to float global tender on polymer bank notes


August 24th, 2012 - 6:27 pm ICT by IANS
Shillong, Aug 24 (IANS) The Reserve Bank of India (RBI) would soon float global tender for introducing polymer currency notes, Deputy Governor K.C. Chakrabarty said Friday."We have already submitted our ... Read more...

Posted in Business |

Four killed in Phuket pub fire (Lead)


August 17th, 2012 - 1:09 pm ICT by IANS
Bangkok, Aug 17 (IANS) Four people were killed and a dozen injured in a massive fire at a disco pub on Thailand's southern resort island Phuket early Friday.The blaze broke ... Read more...

Posted in World |

Family rescued after five days in Siberian woods


August 2nd, 2012 - 11:46 pm ICT by IANS
Moscow, Aug 2 (IANS/RIA Novosti) A family of three was rescued from a forest in Russia's Siberian region of Tomsk, currently plagued by wildfires, after they laid out the word ... Read more...

Posted in World |

Inmates set prison on fire in Turkey


July 15th, 2012 - 6:45 pm ICT by IANS
Ankara, July 15 (IANS) Inmates of a prison in southeastern Turkey set ablaze their jail Sunday morning, local media reported.According to Today's Zaman newspaper website, the incident took place ... Read more...

Posted in World |

Suicide bomber kills four in Nigeria


July 14th, 2012 - 3:05 am ICT by IANS
Abuja, July 14 (IANS) A suicide bomber blew himself up near the palace of a religious leader in Nigeria, killing four people and injuring six, Xinhua reported.The attack took place ... Read more...

Posted in World |

RBI mulls alternative financial instruments to gold


July 12th, 2012 - 8:13 pm ICT by IANS
Kolkata, July 12 (IANS) The Reserve Bank of India (RBI) is mulling floating financial instruments that mimic returns on gold to curb the current account deficit, Deputy Governor Anand Sinha ... Read more...

Posted in Business |

Bankers ask RBI to ease liquidity


July 9th, 2012 - 6:17 pm ICT by IANS
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI) to ease liquidity in the banking system to help revive industrial growth.Executives of leading lenders ... Read more...

Posted in Business |

No link between liquidity management, exchange rate: RBI


July 4th, 2012 - 5:40 pm ICT by IANS
Chennai, July 4 (IANS) The Reserve Bank of India's liquidity management activity is not related to exchange rate movements and neither is the rupee movement directly related to open market ... Read more...

Posted in Business |

Financial stability panel takes up Eurozone contingency plan


June 14th, 2012 - 9:23 pm ICT by IANS
Hyderabad, June 14 (IANS) A sub-committee of the Indian government's Financial Stability Development Council (FSDC) Thursday discussed recent developments in the global economy, specifically in the Eurozone, the US and ... Read more...

Posted in Business |

Sensex 194 points up on rates cut hope (Lead)


June 12th, 2012 - 6:34 pm ICT by IANS
Mumbai, June 12 (IANS) A benchmark index of Indian equities markets Tuesday gained as much as 194.79 points amid hopes of a rates cut by the Reserve Bank of ... Read more...

Posted in Business |

Sensex rises 64 points on rate cut hopes


June 12th, 2012 - 2:50 pm ICT by IANS
Mumbai, June 12 (IANS) A benchmark index of Indian equities markets was trading 0.38 percent higher in the afternoon session Tuesday, led by hopes of a rate cut after ... Read more...

Posted in Business |

Interest rate not main reason for growth slowdown: RBI


June 8th, 2012 - 4:23 pm ICT by IANS
Mumbai, June 8 (IANS) High interest rate is not the main reason for the slowdown in economic growth that slumped to a nine-year low of 5.3 percent in the quarter ... Read more...

Posted in Business |

Sensex hits one-month high on strong global cues (Lead)


June 7th, 2012 - 6:45 pm ICT by IANS
New Delhi, June 7 (IANS) Aided by positive global cues, a benchmark index of Indian equities markets made gains for the second straight day Thursday, closing at a one-month ... Read more...

Posted in Business |

Sensex rallies 175 points on rate cut hopes


June 7th, 2012 - 3:31 pm ICT by IANS
Mumbai, June 7 (IANS) A benchmark index of Indian equities markets was trading over one percent higher in the afternoon session Thursday, after registering the sharpest rally in six ... Read more...

Posted in Business |

Sensex surges 434 points on rate cut and policy push hopes (Lead)


June 6th, 2012 - 7:04 pm ICT by IANS
Mumbai, June 6 (IANS) A benchmark index of Indian equities markets surged almost three percent Wednesday, the biggest gain in almost six months, on hopes of rate cuts by ... Read more...

Posted in Uncategorized |

Sensex bounces back on rate cut hopes (Lead)


June 4th, 2012 - 6:50 pm ICT by IANS
Mumbai, June 4 (IANS) A benchmark index of Indian equities markets closed in the positive Monday, recovering from the five-month lows, after the Reserve Bank of India indicated rate ... Read more...

Posted in Business |

RBI to defend rupee from falling further (Lead)


May 18th, 2012 - 8:53 pm ICT by IANS
Mumbai/Kolkata, May 18 (IANS) The rupee recovered after falling to its third straight daily record low against dollar Friday and the Reserve Bank of India (RBI) promised more intervention to ... Read more...

Posted in Uncategorized |

Rupee dips to new intra-day low of 54.91 to a dollar


May 18th, 2012 - 7:03 pm ICT by IANS
Mumbai/Kolkata, May 18 (IANS) The Indian rupee slumped to a new intra-day low of 54.91 against a dollar Friday even as the Reserve Bank of India assured further intervention in ... Read more...

Posted in Business |

Rupee falls on IIP figures, impact of RBI action muted


May 11th, 2012 - 9:07 pm ICT by IANS
Mumbai/Bangalore, May 11 (IANS) The rupee fell again Friday closing at 53.63 to the dollar after data showed a fall in factory output for March.The rupee had ended at 53.44 ... Read more...

Posted in Business |

IIP data suggests slowdown: RBI


May 11th, 2012 - 6:03 pm ICT by IANS
Bangalore, May 11 (IANS) The 3.5 percent contraction in the Index of Industrial Production (IIP) data for March indicates that there is "a sort of slowdown, which is a concern", ... Read more...

Posted in Business |

IMF pegs Asia-Pacific growth at 6 percent in 2012


May 7th, 2012 - 11:41 pm ICT by IANS
Mumbai, May 7 (IANS) Growth in the Asia-Pacific region is expected to gain momentum over the course of 2012 and is projected at 6 percent during the year - barring ... Read more...

Posted in Business |

RBI not to interfere in bank service charges


April 26th, 2012 - 7:52 pm ICT by IANS
Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks from collecting charges for various services or insist on a minimum balance, as it is the ... Read more...

Posted in Business |

India’s financial system still strong, says RBI deputy governor


April 26th, 2012 - 4:53 pm ICT by IANS
Hyderabad, April 26 (IANS) India's financial system was strong and there was nothing to worry about, Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarthy said Thursday after Standard & ... Read more...

Posted in Uncategorized |

China, Cuba sign agreements to enhance economic ties


April 10th, 2012 - 2:21 pm ICT by IANS
Havana, April 10 (IANS) Entrepreneurs from Cuba and China's Shandong province have signed cooperation agreements in the fields of biotechnology and information.Officials from China's Lukang Pharmaceutical Company and Cuba's ... Read more...

Posted in Business |

Will ensure legitimate lending not denied to Bengal: RBI


April 1st, 2012 - 8:39 pm ICT by IANS
Kolkata, April 1 (IANS) The Reverse Bank of India (RBI) Sunday said it would clearly address the issue of lower credit-deposit ratio in West Bengal by ensuring that legitimate lending ... Read more...

Posted in Uncategorized |

Interest rates on small savings raised by up to 0.50 percent


March 26th, 2012 - 8:57 pm ICT by IANS
New Delhi, March 26 (IANS) The government Monday announced raising of interest rates on small savings such as National Savings Certificate (NSC), Public Provident Fund (PPF) and post office deposits ... Read more...

Posted in Business |

Men more corrupt than women: Ex-Indonesian president


February 11th, 2012 - 8:54 am ICT by IANS
Jakarta, Feb 11 (IANS/AKI) Former Indonesian President Megawati Soekarnoputri claims that men are more likely to engage in corrupt activities than women."This is based on a survey on the United ... Read more...

Posted in Health Science |

Sensex closes January with 11 percent gain, best in 16 months (Roundup)


January 31st, 2012 - 7:10 pm ICT by IANS
Mumbai, Jan 31 (IANS) A benchmark index for Indian equities rallied 336 points to close January with a whopping 11.24 percent gain -- the best monthly performance since September ... Read more...

Posted in Business |

RBI for more open market operations


January 30th, 2012 - 11:52 pm ICT by IANS
Chennai, Jan 30 (IANS) India's central bank is open to more open market operations to address the issue of liquidity, said a senior official Monday."We are open to more open ... Read more...

Posted in Business |

RBI to probe illegal coins circulated in Mumbai markets


January 24th, 2012 - 9:49 pm ICT by IANS
Mumbai, Jan 24 (IANS) Perturbed by reports of illegally-minted small denomination coins being used in certain parts of the city, the Reserve Bank of India Tuesday promised to get to ... Read more...

Posted in Business |

RBI deputy governor for investors to scale back expected returns


January 16th, 2012 - 7:24 pm ICT by IANS
Hyderabad, Jan 16 (IANS) Reserve Bank of India Deputy Governor K.C. Chakrabarty Monday said investors, both foreign and Indian, should scale back their expected returns on capital.Talking to reporters on ... Read more...

Posted in Business |

RBI may take steps to prevent rupee’s downward spiral


December 3rd, 2011 - 8:23 pm ICT by IANS
New Delhi, Dec 3 (IANS) The Reserve Bank of India (RBI) may intervene in the currency market to prevent the downward spiral of the rupee."Usually RBI does not strongly intervene ... Read more...

Posted in Business |

8.7 percent interest on new post office savings scheme


November 29th, 2011 - 9:05 pm ICT by IANS
New Delhi, Nov 29 (IANS) The government will introduce a new post office savings scheme of 10-year maturity effective from Dec 1, that will earn annual compound interest rate of ... Read more...

Posted in Business |

FDI in multi-brand retail will reduce prices, says RBI


November 26th, 2011 - 7:33 pm ICT by IANS
Jaipur, Nov 26 (IANS) The government's decision to allow foreign players in multi-brand retail will help bring down prices, thus sobering inflation, said a senior Reserve Bank of India ... Read more...

Posted in Business |

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