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Shillong, April 12 Meghalaya Chief Minister Mukul Sangma Friday said all 39 blocks across the state would become “banked blocks” with the setting up of bank branches there.
“Our engagement with banks will be much more aggressive...
Lucknow, March 29 Efforts of the Uttar Pradesh government to increase the ratio of banks to population in the state are set to get a major boost Friday as union Finance Minister P. Chidambaram comes here to inaugurate 300 new bank branches.
The new...
Mumbai, March 19 India’s central bank Tuesday cut its key short-term lending and borrowing rates by 25 basis points, but left unaltered the reserve ratios that can pump more money into the commercial lending system.
The decision was taken by Reserve...
New Delhi, March 18 The Reserve Bank of India (RBI) is likely to cut key rates by 0.25 percent when it reviews the monetary policy Tuesday, in order to revive sluggish growth even as inflationary pressure continued, experts said.
The central bank is...
Gold Import Curbs
GOVT FLOGGING DEAD HORSE
By Shivaji Sarkar
New Delhi, Feb 14 : As the Indian economy goes downhill, the Reserve Bank of India (RBI) echoing popular sentiment wants to rein in gold imports. The apex bank and the Government are in sync....
Mumbai, Jan 29 Interest rates on automobile, housing and commercial loans could come down and banks will have Rs.180 billion more to lend, as the Reserve Bank of India (RBI) Tuesday cut key rates, but just a tad to spur growth and keep inflation in check.
The...
New Delhi, Jan 28 Based on expectations of cuts in key policy rates by the Reserve Bank of India, the Federation of Indian Chambers of Commerce and Industry (FICCI) has predicted the economy to grow by 6.7 per cent for 2013-14.
The chamber, revising...
Mumbai, Dec 18 The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged but hinted at cutting rates in January, saying the focus of the monetary policy would now shift to spurring growth as inflationary pressures are easing.
“In...
Mumbai, Dec 18 Ignoring pleas from industry, the Reserve Bank of India (RBI) kept all key policy rates and reserve ratios unchanged in a review Tuesday but said its focus now shifts towards spurring growth that has taken a hit in recent months.
“In...
Kolkata, Dec 6 The Reserve Bank of India (RBI) Thursday said the country’s inflation is expected to come down from this fiscal’s fourth quarter, starting from January next year.
“It (inflation) has come down from its peak, but at 7.50...
High NPA, Inflation, Liquidity Crunch
LAST VISTAS OF ECONOMY COLLAPSING!
By Shivaji Sarkar
New Delhi, Nov 08 :The Indian banking system is getting deep into a crises underscored by Reserve Bank of India’s (RBI) latest monetary policy. Wherein, the...
Mumbai, Oct 30 The Reserve Bank of India Tuesday cut a key policy rate by 25 basis points to release some Rs.175 billion into the system for commercial lending with the hope that it will keep inflation under check, while also pushing growth.
The cash...
Kolkata, Oct 11 National Housing Bank (NHB), a regulator for housing finance companies, said it is aiming to disburse about Rs.17,000 crore as refinance support to banks and housing finance institutions in 2012-13.
NHB, a wholly-owned subsidiary of...
Mumbai, Aug 28 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 the new notes will have the letter ‘L’ in both the numbering...
Mumbai, July 31 The Reserve Bank of India (RBI) Tuesday kept key policy rates unchanged for the second time since June saying lowering them would raise inflationary pressure without necessarily stimulating growth.
The central bank, however, in an unexpected...
Mumbai, June 18 In a bid to control high inflation, the Reserve Bank of India (RBI) Monday kept key lending rates unchanged, but said it is ready to provide relief in a turbulent global economic situation.
“Management of liquidity remains a priority....
Mumbai, June 6 The Reserve Bank of India (RBI) announced removal of foreclosure charges/prepayment penalty on home loans with floating interest rates.
In a notification, the central bank said that it had been observed that home loan borrowers across...
Small Coin Shortage
RBI’s BIG PROBLEM IN HAND
By Shivaji Sarkar
New Delhi, May 10 : Small change can play havoc with the economy! The Government and the Reserve Bank of India policy is adding to at least three to five per cent inflation. The decision...
New Delhi, April 20 The government said it expects the Reserve Bank of India (RBI) to notify the budget announcement of allowing the cash-strapped Indian civil aviation sector to borrow up to $1 billion in external loans for a period of one year within...
Mumbai, April 16 India’s central bank is expected to cut key lending rates by about 0.25 percent or 25 basis points, thereby releasing more funds in the economy, in its annual credit policy for 2012-13 on Tuesday.
The speculation is strongly supported...
