Reserve Bank of India

Steep rate cuts likely next week

The Reserve Bank of India [Get Quote] is expected to announce another round of rate cuts in a week or so in an effort to ease liquidity and reduce borrowing costs to counter slowing economic growth, senior government officials...

Cut Prices, Not Production To Tackle Demand - Says FM

India's Finance Minister, P. Chidambaram, on the concluding day of the Indian Economic Summit, called on the industry to slash prices, and not production, to stimulate demand for goods and services. The minister also urged...

Textile industry may see further job cuts: CITI

Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.

Equity plunge continues

Equity prices continued their southward journey for the fifth consecutive trading session on Tuesday on the back of worsening anxiety and constant fall in the international markets. Dealers in the market said even the finance...

Road Ministry seeks low-cost loans for highway projects

NHAI forced to extend dates due to shortage of bidders. “A special window from the RBI that will provide for extension of reasonable interest rates for highway projects could be considered.” Our Bureau New Delhi, Nov. 18 In...

Credit plan released

KRISHNAGIRI: A Rs. 957.32 crore potential-linked credit plan (PLP) for Krishnagiri district was released in Krishnagiri on Tuesday. This is 14.9 per cent higher projected growth rate than the present financial year 2008-09. The...

Old age pension for more weavers: Minister

ARUPPUKOTTAI: Efforts are being made to provide old-age pension to more weavers in the Aruppukottai taluk, Minister for Backward Classes Welfare and Handloom K. K. S. S. R. Ramachandran has said. Addressing a meeting organised...

Selling at bank counters continues; private players worst losers

Our Bureau Mumbai, Nov. 18 The selling at the banking counters continued into Tuesday, despite several announcements from Reserve Bank of India that it intended to improve liquidity for banks. On Tuesday, the BSE Bankex was...

SWIFT eyes growth in Indian markets

The Society for Worldwide Interbank Financial Telecommunication, a global provider of secure financial messaging services, has envisaged a plan to penetrate the Indian mutual fund and as well the stock broking sector to...

RBI working on IFRS guidelines for banks

Auditing and consulting firms PricewaterhouseCoopers and KPMG are working with the Reserve Bank of India and the Indian Banks' Association on adopting international financial reporting standards for banks in India.

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