Retail inflation rises to 10.3 percent in August
September 18th, 2012 - 3:37 pm ICT by IANS
New Delhi, Sep 18 (IANS) India's retail inflation rose to double digits at 10.3 percent in August as compared to 9.86 percent in the previous month owing to a sharp ... Read more...
Posted in Business |
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 |
Now Rs.1,000 notes with rupee symbol
August 28th, 2012 - 5:15 pm ICT by IANS
Mumbai, Aug 28 (IANS) The Reserve Bank of India (RBI) said Tuesday it will soon issue Rs.1,000 denomination notes with the rupee symbol and improved security features.A RBI statement said ... Read more...
Posted in Business |
Indian banks need to raise Rs.1.75 trillion capital by 2018: RBI
August 4th, 2012 - 5:44 pm ICT by IANS
Hyderabad, Aug 4 (IANS) Reserve Bank of India Governor D. Subbarao Saturday said the Indian banks will have to raise an additional capital of Rs.1.6 trillion to Rs.1.75 trillion ... 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 |
New Rs.10 and Rs.50 banknotes soon with rupee symbol
July 19th, 2012 - 2:56 pm ICT by IANS
Mumbai, July 19 (IANS) The Reserve Bank of India (RBI) said Thursday it will soon issue Rs.10 and Rs.50 denomination banknotes incorporating the rupee symbol which was officially adopted in ... 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 |
Still ‘chasing the monsoon’ to lift India’s fortune
July 2nd, 2012 - 5:58 pm ICT by IANS
New Delhi, July 2 (IANS) No other weather phenomenon, perhaps, captures the attention of Indians as does monsoon, a shortfall of which can not just send the economy reeling, ... Read more...
Posted in Health Science |
India raises overseas investment limit in government bonds (Roundup)
June 25th, 2012 - 8:47 pm ICT by IANS
Mumbai/New Delhi, June 25 (IANS) In a bid to prop up the battered rupee, the Reserve Bank of India (RBI) Monday hiked the limit of overseas investments in government ... Read more...
Posted in Business |
We will improve market condition: Pranab
June 23rd, 2012 - 4:46 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was concerned over signs of weakness in the Indian economy and announced that the central government would soon ... Read more...
Posted in Uncategorized |
India’s potential growth rate has come down: RBI
June 19th, 2012 - 8:55 pm ICT by IANS
Mumbai, June 19 (IANS) A day after keeping the key policy rates steady, the central bank Tuesday said India's potential of maintaining a high economic growth has come down."Potential growth ... 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 |
Geithner to visit India June 27-28 for economic talks
June 12th, 2012 - 6:59 pm ICT by IANS
Washington, June 12 (IANS) Focusing on growing India-US economic ties, US Treasury Secretary Tim Geithner will travel to India June 27-28 for the third annual meeting of the US-India ... Read more...
Posted in World |
Rupee gains for second day as RBI intervenes
May 25th, 2012 - 7:31 pm ICT by IANS
Mumbai/New Delhi, May 25 (IANS) The Indian rupee strengthened for the second day Friday after hitting a record low of 56.40 against a dollar early this week as the ... Read more...
Posted in Business |
Sensex rises 89 points (Lead)
April 18th, 2012 - 5:21 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 89 points or 0.51 percent higher Wednesday, a day after the Reserve Bank of India (RBI) ... Read more...
Posted in Uncategorized |
Sensex rises 100 points in the afternoon trade
April 18th, 2012 - 2:39 pm ICT by IANS
Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 100 points or 0.58 percent higher Wednesday, a day after the Reserve Bank of India (RBI) ... 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 |
Bulk, retail deposit interest rates would go down first: Bankers
April 17th, 2012 - 9:00 pm ICT by IANS
Chennai, April 17 (IANS) Welcoming the Reserve Bank of India's (RBI) move to reduce the reverse purchase (repo) rate by 50 basis points and other features of the monetary policy ... 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 |
Sensex closes 207 points up, banking, realty, auto stocks rally (Roundup)
April 17th, 2012 - 6:56 pm ICT by IANS
Mumbai, April 17 (IANS) A benchmark index for Indian equities markets closed 206.99 points or 1.12 percent higher Tuesday after the Reserve Bank of India (RBI) cut key interest ... 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 |
Sensex rises 102.09 points, banking, realty stocks rally (Lead)
April 17th, 2012 - 4:20 pm ICT by IANS
Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 102.09 points or 0.60 percent higher around 2.00 p.m. Tuesday after the Reserve Bank of India ... 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 |
Sensex rises 110 points, banking, realty stocks rally
April 17th, 2012 - 1:35 pm ICT by IANS
Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 110 points or 0.64 percent higher around 11.30 a.m. Tuesday after the Reserve Bank of India's ... 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 |
Globalisation double-edged sword for India: Subbarao
March 30th, 2012 - 11:29 pm ICT by IANS
Bangalore, March 30 (IANS) The increasing integration of India with the global economy poses a challenge and opportunity for the country as globalisation is a double-edged sword, Reserve Bank of ... Read more...
Posted in Business |
Eight IIM-B graduates awarded gold medals
March 30th, 2012 - 10:55 pm ICT by IANS
Bangalore, March 30 (IANS) Eight bright students of the Indian Institute of Management-Bangalore (IIM-B) were Friday awarded gold medals for their outstanding performance in the post-graduate programme (PGPs) courses at ... Read more...
Posted in Uncategorized |
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 |
Markets rise on CRR cut, Sensex closes tad below 17,000 (Roundup)
January 24th, 2012 - 8:14 pm ICT by IANS
Mumbai, Jan 24 (IANS) Indian equities markets rose Tuesday with investors cheering an unexpected cut in the cash reserve ratio (CRR) by the Reserve Bank of India. A benchmark ... Read more...
Posted in Business |
RBI adopted a dovish policy: HDFC Bank official
January 24th, 2012 - 8:06 pm ICT by IANS
Chennai, Jan 24 (IANS) The 50 basis points cut in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) Tuesday in its third quarter review of monetary ... Read more...
Posted in Business |
CRR cut will ease liquidity problems, says Pranab
January 24th, 2012 - 7:57 pm ICT by IANS
New Delhi, Jan 24 (IANS) The Reserve Bank of India's (RBI) decision to cut the cash reserve ratio (CRR) by half a percentage point will help ease the liquidity ... 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 |