Experts’ views on RBI monetary policy review
July 31st, 2012 - 7:40 pm ICT by IANS
Mumbai, July 31 (IANS) The Reserve Bank of India (RBI) kept key policy rates unchanged in the first quarter review of monetary policy announced Tuesday. Following are the comments from ... 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 |
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 |
India’s central bank frees more money for credit
March 9th, 2012 - 7:55 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 |
India’s central bank infuses more money into system (Lead)
January 24th, 2012 - 4:50 pm ICT by IANS
Mumbai, Jan 24 (IANS) After keeping money supply under a tight leash for nearly two years to tame galloping inflation, India's central bank Tuesday took steps to infuse more ... Read more...
Posted in Business |
India’s central bank infuses more money in system
January 24th, 2012 - 2:41 pm ICT by IANS
New Delhi, Jan 24 (IANS) After nearly two years of tight check on money supply to tame inflation, India's central bank took steps Tuesday to infuse more liquidity in the ... Read more...
Posted in Business |
Price stability top priority, says China’s central bank
September 12th, 2011 - 4:32 pm ICT by IANS
Beijing, Sep 12 (IANS) The People's Bank of China (PBOC), the country's central bank, reiterated Monday that stabilising the overall price levels remained the top priority of macro-economic regulation.Some factors ... Read more...
Posted in Business |
Don’t roll back stimulus, industry urges Pranab
January 11th, 2011 - 8:57 pm ICT by IANS
New Delhi, Jan 11 (IANS) The government should further rationalise tax structure and continue with stimulus measures to sustain growth as the global economic recovery remains fragile, stakeholders of different industry ... Read more...
Posted in Business |
China plans wider monetary policy reform
January 5th, 2011 - 2:47 pm ICT by IANS
Beijing, Jan 5 (IANS) China's central bank plans to begin this year a monthly review of banks' required reserves as part of wider monetary policy reform, it was revealed here Wednesday. Banks ... Read more...
Posted in Business |
Economy to grow 8.5 percent: PMEAC
July 23rd, 2010 - 2:40 pm ICT by ANI
New Delhi, July 23 (ANI): The Prime Minister's Economic Advisory Council (PMEAC) on Friday revised the growth forecast for the current fiscal to 8.5 percent from 8.2 percent earlier.Addressing a press ... Read more...
Posted in National |
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 may grow still faster; inflation a ‘big worry’: RBI chief
April 27th, 2010 - 10:32 am ICT by IANS
By Arun Kumar
Washington, April 27 (IANS) India's economic growth this year may be "slightly higher" than the currently estimated 7.2 percent but faster inflation is a "big worry", according to Reserve Bank ... Read more...
Posted in Business |
Industry lobbies hail hike in policy rates
April 20th, 2010 - 5:16 pm ICT by IANS
New Delhi, April 20 (IANS) Industry lobbies Tuesday hailed the Reserve Bank of India's move to tame inflation by hiking policy rates by 25 basis points.
"This is the best bargain in the ... Read more...
Posted in Business |
RBI closely monitoring spiralling inflation
December 29th, 2009 - 5:59 pm ICT by ANI
Bangalore, Dec 29 (ANI): The Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath said here on Tuesday that it is closely monitoring the spiralling inflation, but would keep in mind the ... Read more...
Posted in National |
Growth to be considered before monetary policy changes: Apex bank
December 29th, 2009 - 3:39 pm ICT by IANS
Bangalore, Dec 29 (IANS) The Reserve Bank of India (RBI) is closely monitoring the spiralling inflation but would keep in mind the need to encourage growth before making changes to monetary policy, ... Read more...
Posted in Business |
Industry split over tightening of foreign borrowing norms
December 10th, 2009 - 7:03 pm ICT by IANS
New Delhi, Dec 10 (IANS) Leading industry lobbies Thursday differed over the central bank's decision to tighten foreign borrowing norms on the ground that the liquidity crunch has eased considerably and it ... Read more...
Posted in Business |
Indian economy slowing down, admits RBI
January 26th, 2009 - 10:46 pm ICT by IANS
New Delhi, Jan 26 (IANS) The Reserve Bank of India Monday said the economy after exhibiting strong growth in the second quarter this fiscal is now slowing down in the wake of ... Read more...
Posted in Uncategorized |
‘Gulf economic boom has finally ended’
January 20th, 2009 - 4:25 pm ICT by IANS
Dubai, Jan 20 (IANS) The global financial crisis has finally hit the economies of the Gulf countries and the boom cycle in the region has ended, according to new research.The latest research ... Read more...
Posted in World |
Unitech net profit dips 12 percent in second quarter
November 1st, 2008 - 7:16 pm ICT by IANS
New Delhi, Nov 1 (IANS) Hit by the continuing slump in the realty sector, leading developer Unitech Ltd has posted a 12 percent fall in its net profit in the quarter ended ... Read more...
Posted in Uncategorized |
India’s central bank cuts key interest rate
October 20th, 2008 - 3:15 pm ICT by IANS
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 ... Read more...
Posted in Business |
Timeline on steps taken to bring liquidity to Indian financial system
October 15th, 2008 - 9:27 pm ICT by IANS
New Delhi, Oct 15 (IANS) Following are some of the measures taken since Sep 16 to calm nervous Indian markets amid growing global turmoil and improve domestic liquidity conditions:* Sep 16: Reserve ... Read more...
Posted in Business |
India releases Rs.250 bn more to improve liquidity (Roundup)
October 15th, 2008 - 8:20 pm ICT by IANS
New Delhi, Oct 15 (IANS) Lending institutions will immediately get Rs.25,000 crore (Rs.250 billion or $5.5 billion) to give as credit to the fund-starved industry even as the cap on foreign funds ... Read more...
Posted in Business |
Reserve Bank to announce more steps for liquidity: Chidambaram
October 15th, 2008 - 2:15 pm ICT by IANS
New Delhi, Oct 15 (IANS) Reserve Bank of India Governor D. Subbarao is expected to announce more measures to ease the liquidity conditions in the economy after a review meeting with Prime ... Read more...
Posted in Business |
Regulator asks commercial banks not to withhold approved credit
October 13th, 2008 - 9:07 pm ICT by IANS
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 ... Read more...
Posted in Business |
Greasing money markets: government’s efforts to increase liquidity
October 10th, 2008 - 4:41 pm ICT by IANS
New Delhi, Oct 10 (IANS) In a bid to calm nervous markets amidst growing global turmoil and improve domestic liquidity conditions, policy makers have taken a number of measures since Sep 16.A ... Read more...
Posted in Uncategorized |
IMF predicts seven percent growth for India in 2009
October 9th, 2008 - 12:43 pm ICT by IANS
Washington, Oct 9 (IANS) The global slowdown will affect India too, but with a projected growth rate coming down to a "still strong" seven percent in 2009, the International Monetary Fund (IMF) ... Read more...
Posted in Business |
UAE can withstand liquidity crunch but growth may slow: S&P
October 9th, 2008 - 10:54 am ICT by IANS
Dubai, Oct 9 (IANS) The United Arab Emirates (UAE) is likely to withstand the current liquidity crunch but economic growth may slow down, according to ratings agency Standard & Poor's (S&P).In a ... Read more...
Posted in Business |
Indian economy capable to weather storm: Chidambaram (Lead)
October 9th, 2008 - 12:10 am ICT by IANS
New Delhi, Oct 8 (IANS) The Indian government Wednesday night reviewed the situation arising out of the global financial crisis even as Finance Minister P. Chidambaram sought to allay investors' fears and ... Read more...
Posted in Business |
India lifts curbs on foreign funds, eases liquidity for banks (Intro Round-up)
October 6th, 2008 - 9:50 pm ICT by IANS
New Delhi, Oct 6 (IANS) India's central bank Monday cut the minimum cash balance for commercial banks against deposits by 50 basis points, even as the market watchdog, the Securities and Exchange ... Read more...
Posted in Business |
Reserve Bank reduces cash reserve ratio to 8.5 percent
October 6th, 2008 - 8:53 pm ICT by IANS
New Delhi, Oct 6 (IANS) The Reserve Bank of India (RBI) Monday reduced the cash reserve ratio by 50 basis points to 8.5 percent, bringing cheer to financial circles.The central bank said ... Read more...
Posted in Business |
Bankers hint at hike in interest rates
July 29th, 2008 - 5:08 pm ICT by IANS
Mumbai/Chennai/New Delhi, July 29 (IANS) Bankers Tuesday hinted at further hikes in interest rates after the Reserve Bank of India (RBI) revised the Cash Reserve Ratio (CRR) by 25 basis points and ... Read more...
Posted in Business |
CRR hiked by 50 basis points to check inflation
April 17th, 2008 - 10:15 pm ICT by admin
Mumbai, April 17 (IANS) With India's inflation rate ruling at four-year high, the central bank Thursday increased the cash reserve ratio (CRR) by 50 basis points to suck out excess liquidity out ... Read more...
Posted in Business |
‘Aggressive pricing spoilt equity issues in India’
February 18th, 2008 - 3:30 pm ICT by admin
New Delhi, Feb 18 (IANS) Aggressive pricing and poor advisors spoilt the initial public offer (IPO) market in India in recent weeks even as some big-ticket issues had to be called off ... Read more...
Posted in Business |