A recent press report said that RBI has proposed to set up a working group to look into the pricing of loans and advances as there is a lack of transparency in pricing of floating rate loans and mispricing of risk. According to a report from the RBI, it is very important to not that… Read More »
A recent press report said that the recent rate hike by the Reserve Bank of India in spite of slowing down economy has disappointed the Indian corporates. In his statement Mr. Harsh Pati Singhania, Managing Director of JK Paper said that it has already being seen that the higher interest rates has resulted in deterioration… Read More »
A recent press report said that the Indian companies have currently stopped their expansion plans as the Reserve Bank of India has increased the key interest rates for the 13th time since March 2010. The Chief Executive Officer of a secondary steel manufacturer said that they have held back their plans of expanding brown field… Read More »
A recent press report said that the Finance Ministry has planned to infuse Rs. 10, 000 to Rs. 20, 000 crore into the public sector banks in order to reinforce them and hence the ministry also wanted the banks to work more efficiently to earn high returns. Mr. D.K. Mittal told that the executive level… Read More »
A recent press report said that the Reserve Bank of India is facing heat to announce the monetary policy for the second half of this fiscal year from both industry and growth of inflation. On one hand the industrial players and consumers look forward that the RBI might not increase the interest rates as that… Read More »
A recent press report said that the total value of transactions carried out through cheques throughout the country was down by 8.3 per cent in the month of August, 2011 compared to the same period last year. According to the data released by the Reserve Bank of India, cheques worth Rs.8.11 lakh crore were cleared… Read More »
A recent press report said that National Housing Bank (NHB) has planned to be the housing sector’s window for external commercial borrowings (ECBs). It desires to pass on benefits of ECBs, including low cost, to the housing-finance sector without transferring any risks. Mr. R.V. Verma, Chairman and Managing Director, NHB, told the press that NHB… Read More »
According to latest data released by the Reserve Bank of India, banks advances in the sectors like non-banking financial companies (NBFCs), industry, personal loans and services have remained healthy in the month of August. Reports said that the credit off-take in the services sector, led by a 55 per cent growth in advances in the… Read More »
According to a recent press report, Reserve Bank of India’s chief has said that rupee has been depreciating continuously for last few months which have affected the import cost. He suggested that as a result of this problem, the growth of central bank has been declined and the foreign exchange rate is influenced by market… Read More »
According to a recent press release the Reserve Bank of India has said that the Non residents of India (NRIs) or the persons of Indian origin are now allowed to hold their accounts in the country in any convertible currency. Earlier, Foreign Currency Non Resident (FCNR) bank Account holders were allowed to hold their accounts… Read More »