Srinagar,
May 9, 2013
‘There are uncertainties about liquidity in the system’
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MUMBAI,
May 7, 2013
Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarty, on Monday, refuted money laundering charges levelled against various banks, and said that all exposures by Cobrapost.com were connecte...
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VIJAYAWADA,
May 3, 2013
The Vijayawada Municipal Corporation is pinning a lot of hopes on professional tax, Hudco loan of Rs.75 crore, and State government loan of Rs.57 crore to improve its financial health. T...
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April 10, 2013
The final report of the Financial Sector Legislative Reforms Commission has evoked strong responses
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London,
March 7, 2013
The Bank of England has opted against injecting more money into the ailing British economy, which has one foot in recession. In a statement on Thursday, the Bank’s main policymaking body...
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Mumbai,
January 18, 2013
HDFC Bank, on Friday, reported a 30 per cent rise in net profit at Rs.1,859.07 crore for the quarter ended December 31, 2012, against Rs.1,429.66 crore in the corresponding period in the previous...
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Mumbai,
January 5, 2013
India’s foreign exchange (forex) reserves increased by $39.6 million to $296.57 billion for the week ended December 28, 2012, data released by the Reserve Bank of India (RBI) showed.
The...
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MUMBAI,
December 12, 2012
Non-banking financial companies (NBFC) would need RBI’s prior approval before making changes in their ownership control, a draft guideline of the central bank said on Wednesday.
The draft...
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Mumbai,
December 8, 2012
The foreign exchange reserves of the country fell by $471.3 million to $294.51 billion for the week ending November 30 due to slide in gold reserves and core currency assets, the Reserve Bank said...
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November 16, 2012
As the next session of Parliament approaches, the Prime Minister and the Congress Party seem adamant about further advancing their programme of financial liberalisation. Controversial among their f...
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MUMBAI,
May 8, 2013
The system is a credit push transaction initiated by the payer and may involve the presence of three banks
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May 5, 2013
The significance of the Reserve Bank of India’s (RBI’s) annual credit policy statement lies not merely in its being the first for fiscal 2013-14. Until a few years ago, the annual policy statement,...
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April 27, 2013
The World Bank reported recently that remittance flows to developing countries had crossed the $400 billion mark in 2012. With 215 million international migrants across the world, a majority of wh...
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New Delhi,
March 28, 2013
Even as the country’s current account deficit (CAD) widened to a record high of 6.7 per cent of the GDP (gross domestic product) in the October-December quarter this fiscal, the government appeare...
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Mumbai,
January 24, 2013
The Reserve Bank of India (RBI), on Thursday, notified the enhanced limit of investing in government securities (G-Secs) by foreign institutional investors (FIIs) and long-term investors by $5 bil...
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January 15, 2013
The latest Financial Stability Report (FSR) of the Reserve Bank of India, the sixth in the series, is a half yearly assessment by an expert committee of the outlook for the stability and resilienc...
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MUMBAI,
December 15, 2012
The Reserve Bank of India (RBI), on Friday, extended the deadline given to migrate to new-look cheques (CTS-2010 Standard cheques), with more security and standardised features, to March 31, 2013...
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MUMBAI,
December 12, 2012
The Reserve Bank of India (RBI) on Wednesday stipulated that debit cards would be issued to customers having Savings Bank and Current Accounts but not to cash credit or loan account holders.
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Athens,
November 21, 2012
The failure by eurozone finance ministers to reach a decision overnight on the release of Greece’s next loan tranche prompted an outpouring of angry reaction from Athens on Wednesday, with the mai...
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New Delhi,
November 12, 2012
Vindicating Reserve Bank of India Governor D. Subbarao’s stand on not easing interest rates during the monetary policy review last month on account of persistent inflationary pressures, retail inf...
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