India’s forex reserves reached to $300 bn mark
According to the Press Trust of India, the foreign exchange reserves of India reached the $300-billion mark. India achieved this figure for the first time since 2008 with an addition of $2.2-billion...
View ArticleRBI further extends liquidity support to banks
It is reported in The Hindu Bussines Line that the apex bank of India has decided to extend its liquidity support facility to banks. The decision is taken to ease the fund crunch faced by the Indian...
View ArticleRBI to buy securities worth Rs 12,000 crore from the government
With reference to the Livemint report, The Reserve Bank of India (RBI) announced that it will by securities worth Rs 12,000 crore from the government on January, 5, 2011 as part of its decision to...
View ArticleRBI monitoring illegal Swiss Money
RBI, Sebi to keep watch on illicit Swiss money returning home PTI reports that country’s apex bank and Financial regulators Sebi have enhanced vigil on Indian entities routing their funds from...
View ArticleNo interest on home loans for NRIs
As per the news by the agencies, the apex bank of India, Reserve Bank said that non-resident Indians would not be eligible for incentives on interest on home loans of up to Rs 10 lakh. The bank...
View ArticleInflation cost Indians dearer
A research report says that the Indian households incurred an additional expenditure of whopping Rs 5.8 lakh crore in the last three years, due to spiralling inflation and dearer food items. “The rise...
View ArticleRBI ask banks to implement card safety measures
In order to minimise fraud cases and ensure security of transactions, the Reserve Bank of India (RBI) today asked banks to implement various safety measures related to credit card and debit card usage...
View ArticleReduce interest rates to boost housing demand
Indian’s apex bank, RBI’s decision to cut cash reserve ratio (CRR) will help improve the liquidity position of various sectors, including realty, but realtors feel that interest rates should be brought...
View ArticleHousing finance a priority sector for weaker sections
The apex bank of India, Reserve Bank said it is considering categorizing housing finance for weaker sections as priority sector lending by early next month to ensure adequate flow of credit. “We are...
View ArticlePvt Sector banks to work as govt agent
The Apex Bank, Reserve Bank of India maintained that all private sector banks will now be considered eligible to handle any Central or State Government business at par with public sector banks. Till...
View ArticleFood price to remain vertical : RBI
India’s central bank (RBI) said that food prices will remain high notwithstanding an average inflation expected to be moderate nearly 5.5 per cent in financial year 2013-14. RBI executive director...
View Article