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India Trade Bodies Ask RBI to Pause Rate Tightening - Wall Street Journal 
Wall Street Journal--Representatives from the Federation of Indian Chambers of Commerce and Industry, or FICCI, and the Associated Chambers of Commerce and Industry of India, or ASSOCHAM, made the submissions at the Reserve -Bank of India's- customar - Date : Wed, 06 Apr 2011 14:41:27 GMT+00:00 |
SBI, ICICI Bank picks up about 11% stake in Kingfisher - Economic Times
Economic Times--MUMBAI: State -Bank of India- and ICICI Bank have together picked up close to 11 per cent stake in debt- trapped Kingfisher Airlines as part of debt recast process. SBI was allotted 2.8 crore equity shares on preferential basis on account - Date : Wed, 06 Apr 2011 12:59:07 GMT+00:00 |
ADB scales down India GDP growth to 8.2% - Deccan Herald
Deccan Herald--Fiscal and monetary policies will also remain less accommodating than in the past as the government follows its fiscal consolidation road map and the Reserve -Bank of India- acts to anchor inflation expectations. “India's foremost de - Date : Wed, 06 Apr 2011 16:33:49 GMT+00:00 |
Indian shares down 0.5 pct; lenders fall - Reuters
Reuters--Banking stocks fell after a central bank deputy governor indicated on Tuesday that interest rates may keep on rising as the Reserve -Bank of India- tries to control inflation. Largest lender State -Bank of India- fell 0.5 percent, ICICI Bank lost - Date : Wed, 06 Apr 2011 05:49:02 GMT+00:00 |
India bank loans provisional up 21.38% on year: RBI - Economic Times
Economic Times--At the January policy review the cental bank had warned banks on their rapid credit growth and asked them to moderate it to the Reserve -Bank of India's- projection. Indian bank loans rose 23.2 per cent on year as of March 11, the cen - Date : Wed, 06 Apr 2011 12:50:45 GMT+00:00 |
Fixed deposit rates likely to decline in coming weeks - Economic Times
Economic Times--Signaling softening of rates, two state-owned banks Central -Bank of India- and Oriental Bank of Commerce have already reduced their fixed deposit rates by up to 1 per cent on various maturities beginning April. Noting that liquidity condi - Date : Wed, 06 Apr 2011 15:14:10 GMT+00:00 |
Indian shares slip 0.4 pct on profit-taking; high oil prices weigh - Reuters
Reuters--Banking stocks led the losses, after a central bank deputy governor indicated on Tuesday that interest rates may keep on rising as the Reserve -Bank of India- tries to control inflation. The 30-share BSE index ended 74.62 points lower at 19612.20 - Date : Wed, 06 Apr 2011 11:38:29 GMT+00:00 |
L&T Metro achieves financial closure for Hyd project - Moneycontrol.com
Moneycontrol.com--A consortium of banks led by State -Bank of India- has sanctioned the entire debt requirement of Rs 11480 crore for the project. The equity component, expected to be around Rs 3440 crore, would be infused primarily by L&T Group, - Date : Wed, 06 Apr 2011 04:57:38 GMT+00:00 |
Public warned against online frauds: RBI - Rupee Times
Rupee Times--By Ankit Sharma Regulator Reserve -Bank of India- has generated alerts to the public regarding any fraudulent e mail coming to them from scammers. "The Reserve Bank never asks for your bank account details. The RBI has clarified that - Date : Wed, 06 Apr 2011 07:38:37 GMT+00:00 |
Finance Ministry to examine new bank license norms: Sources - Moneycontrol.com
Moneycontrol.com--Recently, the economic affairs secretary R Gopalan had declared that the Reserve -Bank of India- (RBI) is planning to release draft guidelines for new bank licenses this week. Before presenting the final guidelines, the Reserve Bank was - Date : Wed, 30 Mar 2011 09:43:01 GMT+00:00 |
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