CRR is the proportion of deposits each bank must keep in the form of cash.
To boost the economy, the RBI has taken a slew of measures since September last year, including cuts in the cash reserve ratio and short-term lending (repo) rate, to inject funds into the system and signalled a soft interest rate regime. PSU bankers' meeting is being held in the backdrop of the third quarterly review of monetary policy by the Reserve Bank of India.
Subrata Roy's parole, granted on humanitarian grounds following his mother's death.
But there are challenges, observes Tamal Bandyopadhyay.
Earning returns from an asset lying idle can be a good option in times of volatility.
If you are one of those who is now staring at your credit card bill and wondering how to go about it, here is the way out.
Earlier when Goyal had moved court seeking permission to go abroad, the judge had observed that if he wanted to go abroad, he should first deposit Rs 18,000 crore as guarantee that his company owes to lenders.
The searches at the Tamil television channel were conducted over alleged tax evasion.
Union Bank, Andhra Bank, YES Bank launch cash transfer.
It claimed doctors were being paid 'for referring medical tests'.
Market regulator SEBI in an effort to protect investors has directed stock exchanges to invoke bank guarantees-- provided by companies ahead of coming up with new issues-- before they expired if the firms fail to comply with security deposit guidelines.
In a dig at Jio's Rs 1,500 4G-enabled feature phone, the Sunil Bharti Mittal-led company said its smartphone would be made available for the price of a feature phone
