The Reserve Bank of India on Tuesday said it was starting to unwind some of the extraordinary policy easing and liquidity support measures taken to shore the economy up against the global credit crisis and economic slump.
The inflation target has been hiked to to 6.5 per cent from 5 per cent. The FY10 GDP target is unchanged at 6 per cent.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
India-specific hatchbacks took centrestage at the 10th Auto Expo, in New Delhi. Check them out!
Banks are parking funds not just in securities qualifying for maintenance of statutory liquidity ratio (SLR), but also in mutual funds (MFs).
The Authorities need to realise that a major problem facing this economy, and the world, is deflation, NOT inflation.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Ninety-five per cent of Balinese are Hindus and wherever you go -- the temples, the gardens, scenic locations, the people and the things they do -- reminds you of India, says Mahesh Patil.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
The deceased were identified as Abdul Majeed Ganaie, Mehraj-ud-din Dar, Anees Ahmad Mir and Hameed-ul-lah Ganaie.
Let's take a quick look at what all these terms mean to see how they affect the loan interest rates.
A Central Reserve Police Force jawan, deployed for anti-Naxal operation, on Thursday committed suicide in Raipur district of Chhattisgarh, the police said.
Assocham expressed concern over the precarious situation that the manufacturing sector is in, observing that if the trend does not reverse with monetary and fiscal measures it would be difficult for the industry to generate jobs.
Joy Thomas stated that one large account -- HDIL -- was the sole reason for the present crisis that led to the regulatory action on Tuesday when Reserve Bank of India superseded its management and placed it under an administrator for the next six months.
Banks get bonds boost to raise funds for core sector; up to Rs 50 lakh of home loans in metros and Rs 40 lakh in other cities not to have CRR, SLR requirements
India Inc has pitched for rate cut to boost economic activities.
Most say a rate cut could come in RBI's June policy.
The Reserve Bank is unlikely to lower the interest rates.
Auto and realty shares were among the top Sensex gainers.
Finance Minister P Chidambaram on Tuesday said the Rs 14,150 crore (Rs 141.50 billion) worth of oil bonds meant for oil marketing companies will be issued within this month.
A cache of weapons was recovered from the encounter site
The security forces did not suffer any casualty in the encounter.
With the slack season credit policy due to be announced on April 28, bankers are waiting to see how the Reserve Bank of India reacts to the budgetary proposals on freeing caps on statutory liquidity ratio and cash reserve ratio.
Model Mitali Rannorey went behind the camera at Lakme Fashion Week, and captured moments only an insider can.
A special Central Bureau of Investigation court in Mumbai has convicted four former bank officials in one of the multi-crore securities scam cases and sentenced them to three years imprisonment, 25 years after the scam involving 'Big Bull' Harshad Mehta came to the fore.
To attract more dollar inflows, the Reserve Bank extended the deregulated interest rate scheme for NRE deposits till January 31 next year from the earlier November 30.
The RBI left the policy rates unchanged in Tuesday''s sixth bi-monthly monetary policy review.
The Reserve Bank left interest rate unchanged.
The nine-member crew cited 'unprecedented storm-like weather conditions' as the reason for the ship to capsize.
PS banks need to pull up their socks to improve cash flows.
In a major breakthrough, security forces on Thursday gunned down 5 hardcore militants of Jaish-e-Mohammad and Hizbul Mujahideen in a fierce gunbattle in Shopian district of south Kashmir.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
Three Naxals, including two women, were on Saturday gunned down by security forces at two different places in Chhattisgarh's insurgency-hit Bastar division, taking the total number of ultras killed in separate gun-battles in the region this month to 21.
RBI Governor Raghuram Rajan asked banks to follow suit and pass on the rate cuts.
He also affirmed that over time, as the government finances improve, the SLR will be brought down further.
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