Pvt Sector banks to work as govt agent
The Apex Bank, Reserve Bank of India maintained that all private sector banks will now be considered eligible to handle any Central or State Government business at par with public sector banks. Till...
View ArticleBreather on overseas direct investments for India
The Reserve Bank relaxed various norms on overseas direct investments to offer more flexibility to the Indian companies and individuals. “To grant more flexibility to the Indian party, it has been...
View ArticleState-run banks trading lower on fears
India’s state-run banks were trading lower on fears that margins may be hit after some cut their base rate, reacting to a government directive to review lending rates after RBI’s deeper than expected...
View ArticleIndia’s services exports grew 1.8 per cent to USD 11.23 billion
India’s services exports grew 1.8 per cent to USD 11.23 billion in February this fiscal over the previous month, the Reserve Bank said on Friday. Export of services were USD 11.02 billion in January....
View ArticleIndia Inc’s debt servicing capacity at below par
The Reserve Bank of India (RBI) said in its financial stability report that the India Inc’s interest is burden at 9-year high. The Indian Corporations’ debt servicing capacity ismuch below the 2008-09...
View ArticleBonds, gold may lose sheen as investments: RBS
British lender RBS report says stock markets will turn attractive and bonds and gold are likely to lose their sheen this year as domestic growth revives following the recent reforms and the improving...
View ArticleHome loan EMIs to come down
The Reserve Bank of India’s decision to cut policy rates is good news for prospective consumers who earlier postponed the purchase of a new house or automobile because of high rates. V Vaidyanathan,...
View ArticleAuto, home loans may get cheaper as the lending rates get slashed
Prime Minister’s Economic Advisory Council (PMEAC) chairman C Rangarajan said banks are expected to lower lending rates once government expenditure picks up, this would mean home loans and auto loans...
View ArticleFalling gold, oil prices may result in a significant reduction in the current...
The falling gold and oil prices are likely to result in a significant reduction in the current account deficit, which in turn would provide the RBI with greater headroom for policy easing, experts have...
View ArticleFalling inflation and gold prices may boost bank deposits: Deutshe
Falling inflation and steep correction in gold prices, prompting investors to park money in bank deposits, may increase the real interest rise in the current year according to a Deutsche Bank report....
View ArticleOverseas loan norms for builders becomes easier
In order to encourage builders to come forward for slum rehabilitation project, their by providing better leaving opportunities to the hutment residence, India’s central bank, the RBI, has made the...
View ArticleIndia in debt of $390 bn in FY13
External debt of India rose approximately by 13 per cent to $390 billion in 2012-13 as against $345.5 billion at end-March 2012. The increase in debt amount is due to rise in short-term trade credit...
View ArticleIndian rupee may fall to 61.50 against US dollar: Credit Suisse
The Indian rupee, which has depreciated by nearly 10 per cent in the last few months, is likely to weaken further and may touch 61.50/USD in next three months and 62/USD in the next 12 months, Credit...
View ArticleReliance Capital to list proposed bank in three years
Exuding confidence in setting up a profitable banking venture, Anil Ambani said that the proposed bank will help lower Reliance Capital’s debt to one-fourth of current levels and would be listed as a...
View ArticleSoon Indian banks will issue cheques with uniform feature
The Reserve Bank today directed all banks to issue cheques with uniform features conforming to Cheque Truncation System (CTS) 2010 standard by end of this month. The homogeneity in security features...
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