RBI cuts SLR by 1 percent
July 31st, 2012 - 5:24 pm ICT by IANS
New Delhi, July 31 (IANS) The Reserve Bank of India (RBI) Tuesday announced a reduction in the statutory liquidity ratio (SLR) from 24 percent to 23 percent with effect from ... Read more...
Posted in Business |
Government failed to check slowing economy, says BJP
June 25th, 2012 - 8:09 pm ICT by IANS
New Delhi, June 25 (IANS) The Bharatiya Janata Party Monday criticised the moves of the finance ministry and the Reserve Bank of India (RBI) to boost the slowing economy, ... Read more...
Posted in Politics |
RBI measures fail to cheer market, Sensex slips 90 points (Roundup)
June 25th, 2012 - 6:34 pm ICT by IANS
New Delhi, June 25 (IANS) The Reserve Bank of India's measures to check the slide of the rupee failed to cheer the market as the benchmark index slipped into ... Read more...
Posted in Business |
RBI measures fail to cheer market, Sensex falls 43 points (Lead)
June 25th, 2012 - 4:44 pm ICT by IANS
Mumbai, June 25 (IANS) The measures announced by the Reserve Bank of India (RBI) Monday to revive the rupee failed to cheer the market as the benchmark index slipped ... Read more...
Posted in Business |
RBI announces steps to revive rupee
June 25th, 2012 - 4:16 pm ICT by IANS
Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) Monday announced a series of measures, including raising limits for external commercial borrowings and government securities, that would help revive ... 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 |
Moody’s downgrades LIC, outlook stable
May 14th, 2012 - 5:50 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Investors Service Monday downgraded the state-run Life Insurance Corporation of India (LIC) to the lowest investment grade, in line with the ... Read more...
Posted in Business |
Moody’s downgrades ICICI Bank, HDFC Bank, Axis Bank
May 14th, 2012 - 5:17 pm ICT by IANS
New Delhi, May 14 (IANS) Credit ratings agency Moody's Monday downgraded India's three top private sector lenders -- ICICI Bank, HDFC Bank and Axis Bank -- on growing concerns over ... Read more...
Posted in Uncategorized |
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’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 |
Three states to auction Rs.2,850 crore loan
April 5th, 2012 - 6:54 pm ICT by IANS
Mumbai, April 5 (IANS) Governments of Andhra Pradesh, Haryana and Punjab will sale state development loans worth Rs.2,850 crore through an open auction, the Reserve Bank of India (RBI) said ... Read more...
Posted in Business |
US growth facing serious headwinds: Official
November 30th, 2011 - 1:55 pm ICT by IANS
Washington, Nov 30 (IANS) Growth in the US faces serious headwinds and the country's high unemployment will linger for many years, said a senior Federal Reserve official Tuesday."Households are still ... Read more...
Posted in Business |
India raises FII investment limits in bonds by $5 bn
November 17th, 2011 - 8:38 pm ICT by IANS
New Delhi, Nov 17 (IANS) India Thursday decided to increase the limit of foreign institutional investors (FIIs) investment in government securities bonds by $5 billion to $15 billion and in ... Read more...
Posted in Business |
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...
Posted in Business |
RBI proposes new regulations for non-banking finance firms
August 29th, 2011 - 2:46 pm ICT by IANS
Mumbai, Aug 29 (IANS) The Reserve Bank of India (RBI) Monday proposed new regulations for non-banking finance companies (NBFCs) which include seeking prior approval from the central bank for mergers ... Read more...
Posted in Business |
Duel with inflation continues, RBI hikes rate again, signals more (Lead)
June 16th, 2011 - 2:15 pm ICT by IANS
Mumbai, June 16 (IANS) Auto and home loans are set to get costlier as India's central bank Thursday hiked short term lending rates by 25 basis points in a bid ... Read more...
Posted in Business |
Duel with inflation continues, RBI hikes rate again
June 16th, 2011 - 1:48 pm ICT by IANS
Mumbai, June 16 (IANS) Continuing its hawkish monetary stance to curb high inflation, the Reserve Bank of India (RBI) Thursday hiked short-term lending rates by 25 basis points, the tenth ... Read more...
Posted in Business |
Post office savings account interest be hiked, says panel
June 7th, 2011 - 10:11 pm ICT by IANS
New Delhi, June 7 (IANS) A committee headed by Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath has recommended that the interest rates on post office savings accounts ... Read more...
Posted in Business |
RBI suggests change in Maharashtra bank board
May 7th, 2011 - 8:55 pm ICT by IANS
Mumbai, May 7 (IANS) In a jolt to the Maharashtra government, the Reserve Bank of India (RBI) Saturday recommended the supersession of the board of directors of Maharashtra State Cooperative ... Read more...
Posted in Business |
Inflation forces India’s central bank to hike rates again (Roundup)
May 3rd, 2011 - 7:34 pm ICT by IANS
Mumbai, May 3 (IANS) Corporate and consumer loans could become dearer as India's central bank Tuesday hiked its short-term lending rate by 50 basis points, pegged the borrowing rate ... Read more...
Posted in Business |
Inflation forces another rate hike by India’s central bank (Second Lead)
May 3rd, 2011 - 4:44 pm ICT by IANS
Mumbai, May 3 (IANS) Laying emphasis on curbing inflation over growth, India's central bank hiked its short-term lending rate by 50 basis points and said in a major policy ... Read more...
Posted in Business |
Inflation forces another rate hike by India’s central bank (Lead)
May 3rd, 2011 - 1:34 pm ICT by IANS
Mumbai, May 3 (IANS) Laying emphasis on curbing inflation over growth, India's central bank hiked its short-term lending rate by 50 basis points and said the borrowing rate shall ... Read more...
Posted in Uncategorized |
India’s central bank hikes rates again to tame inflation
May 3rd, 2011 - 1:13 pm ICT by IANS
Mumbai, May 3 (IANS) India's central bank hiked its short-term lending rates by 50 basis points to tame inflation and said the borrowing rate will henceforth remain 100 basis points ... Read more...
Posted in Business |
India’s central bank marginally eases monetary policy
December 16th, 2010 - 2:06 pm ICT by IANS
Mumbai, Dec 16 (IANS) With inflation on the decline, India's central bank Thursday eased its monetary policy marginally by lowering the amount commercial banks have to retain as cash, gold or government ... Read more...
Posted in Business |
FII investment raised in government and corporate securities
September 23rd, 2010 - 9:25 pm ICT by IANS
New Delhi, Sep 23 (IANS) The government Thursday raised the cap on foreign fund participation in its securities and corporate bonds to augment investment in the infrastructure sector and develop the bond ... Read more...
Posted in Business |
Mutual funds should come out with simpler products: Bhave
June 23rd, 2010 - 5:55 pm ICT by IANS
Mumbai, June 23 (IANS) India's markets watchdog Wednesday asked mutual funds to come out with simpler, investor-friendly products and said the industry can putforth proposals for a common policy for its ... Read more...
Posted in Business |
High inflation a cause for worry: RBI Deputy Governor
June 17th, 2010 - 5:22 pm ICT by ANI
Mumbai, June 17 (ANI): Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Thursday said high inflation is a cause of worry for the Central Bank and it would ... Read more...
Posted in Business |
India’s central bank hikes cash ratio for banks
January 29th, 2010 - 12:59 pm ICT by IANS
Mumbai, Jan 29 (IANS) The Reserve Bank of India (RBI) Friday hiked the cash reserve ratio (CRR) for commercial banks by an unexpected 75 basis points, in a clear bid to ... Read more...
Posted in Business |
ICICI Bank third quarter net dips 13 percent
January 21st, 2010 - 5:30 pm ICT by IANS
Mumbai, Jan 21 (IANS) The country's largest private lender ICICI Bank Thursday reported a 13.4 percent fall in net profits for the third quarter ending Dec 31 at Rs.1,101 crore compared to ... Read more...
Posted in Business |
Invest 5 percent of provident fund in equities: Assocham
October 4th, 2009 - 2:27 pm ICT by IANS
New Delhi, Oct 4 (IANS) The Associated Chambers of Commerce and Industry (Assocham) has urged the central government to allow the Employees Provident Fund Organisation (EPFO) to invest at least 5 percent ... Read more...
Posted in Business |
Syndicate Bank net profit zooms 198 percent
July 31st, 2009 - 9:04 pm ICT by IANS
Bangalore, July 31 (IANS) State-run Syndicate Bank posted a net profit of Rs.262 crore for the first quarter this fiscal, registering a whopping growth of 198 percent year-on-year from Rs.88 crore in ... Read more...
Posted in Business |
Morgan Stanley India allowed to deal in bonds
July 18th, 2009 - 7:25 pm ICT by IANS
Mumbai, July 18 (IANS) The Indian arm of US-based merchant banker Morgan Stanley was Saturday authorised to undertake primary dealer business in government securities and bonds with effect from July 20.
The company ... Read more...
Posted in Business |
Pandit’s Citi to raise $5.5 bn with stock conversion
May 8th, 2009 - 11:22 am ICT by IANS
By Arun Kumar
Washington, May 8 (IANS) Ailing US banking giant Citigroup led by Indian American CEO Vikram Pandit plans to raise $5.5 billion by converting more preferred stock to common shares as ... Read more...
Posted in Business |