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Reserve Bank Of India News

Axis Bank plans to open branch in London Saturday, September 4, 2010 @ 8:30AMAxis Bank plans to open branch in LondonAxis Bank plans to open branch in London
The Global Association for Contact Center Best Practices & Networking Saturday, September 4, 2010 @ 7:49AMMumbai, Sep 04, 2010 -- Penetration of technology in the country has to increase and the cost per transaction has to decrease, Reserve Bank of India deputy governor KC Chakrabarty has said.
Weekly Report: Markets have a quiet time Saturday, September 4, 2010 @ 4:09AMIt was another listless week of trade, except for the fact that the Sensex regained the psychological mark of 18k.
India should follow map to account convertibility: RBI Saturday, September 4, 2010 @ 1:07AMIndia should move toward capital account convertibility on a calibrated basis according to domestic and global factors.
Anonya Sahkari Coop Bank's licence suspended Saturday, September 4, 2010 @ 12:38AMVadodara, Sep 3 (PTI) Reserve Bank of India (RBI) has suspended the licence of 122-year-old Anonya Sahkari Cooperative Bank Ltd with effect from today, an official said.
Kingfisher Airlines gets nod to recast debt Friday, September 3, 2010 @ 5:48PMKingfisher Airlines' debt restructuring package has received an in-principle nod from bankers. The package will be implemented within 120 days of receiving the Reserve Bank of India's (RBI) nod. Kingfisher, the second largest carrier in terms of market share, has debt of around Rs 6,000 crore across 12 lenders such as the State Bank of India, Bank of India and Vijaya Bank, among others.
Curbs on foreign cos to reinvest profits in arms may be lifted Friday, September 3, 2010 @ 5:37PMReinvested earnings should be considered FDI: Dipp To Finance Ministry.
Food and fuel inflation rises again Friday, September 3, 2010 @ 5:07PMFood and fuel inflation shot up in the week ended August 13, belying the expectation that prices will soften gradually following a good monsoon.
Money Matters Friday, September 3, 2010 @ 5:06PMEver thought of the fact that that Rs. 2 coin that you hand over with such nonchalance may have a story to tell? The RBI Monetary Museum at Fort Mumbai is a place where many such tales may be found.
Banks asked to adopt new tech to cut transaction costs Friday, September 3, 2010 @ 4:57PMPenetration of technology in the country has to increase and the cost per transaction has to decrease, Reserve Bank of India deputy governor KC Chakrabarty has said.
India services PMI dips in August, but outlook still robust Friday, September 3, 2010 @ 4:57PMGrowth in India's services sector slowed for a second month in August after hitting a two-year peak in June, but businesses were more optimistic about the outlook.
Statistics is always a problem: RBI dy guv on GDP data Friday, September 3, 2010 @ 4:55PMReserve Bank of India deputy governor KC Chakrabarty on Friday said that "statistics is always a problem" referring to its statistics department's goof-up earlier this week on the country's second quarter gross domestic product data.
Let panel choose my successor: Ratan Tata Friday, September 3, 2010 @ 3:00PMCAPE TOWN: “I'm looking forward to the freedom to do the things I've always wanted to do. I don't want to leave the company in a wheelchair, or in a box,” said Ratan Tata, Chairman of the $71-billion Tata Group.
Food inflation inches up to 10.86 % Friday, September 3, 2010 @ 2:58PMNEW DELHI: Halting the fortnight long downward movement, food inflation inched up marginally to 10.86 per cent for the week ended August 21 from 10.05 per cent a week ago, mainly owing to higher prices of cereals, fruits and milk.
Sensex reverses uptrend Friday, September 3, 2010 @ 2:57PMMUMBAI: The Bombay Stock Exchange benchmark index, Sensex, on Friday took a breather and closed 17 points lower as rising food inflation evoked worries of a further rate hike by the Reserve Bank of India this month.
Bankers okay with KFA loan recast package Friday, September 3, 2010 @ 2:53PMKingfisher Airlines’ debt restructuring package has received an in-principle nod from bankers. The package will be implemented within 120 days of receiving the Reserve Bank of India’s (RBI) nod.
Inflation woes Friday, September 3, 2010 @ 2:33PMIndia’s benchmark wholesale-price inflation rate has stayed around or above 10 per cent since January. Food-price inflation accelerated to 10.86 per cent in the week to August 21 from 10.05 per cent the previous week, according to a statement from the commerce ministry on Friday.
The Hindu Business Line : Beware frauds via SMS and e-mail, warns RBI Friday, September 3, 2010 @ 2:19PMThere has been a significant increase in fraudulent and fictitious offers through e-mails, mobile phones and SMSs over the last two-three years, according to a press statement issued by the Reserve Bank of India. The release was issued after an awareness campaign in the city on Friday.
Tired, poor, huddled masses can get in line Friday, September 3, 2010 @ 9:08AMI have no respect for a country that has no respect for itself. What do you call a country that knows queue-jumping alleged refugees are sailing toward it in a rusty ship and does nothing to stop it?
India Forex Reserves Increase Friday, September 3, 2010 @ 6:57AM(RTTNews) - India's foreign exchange reserves slightly increased as on August 27, a latest report from the Reserve Bank of India showed on Friday.
India govt had no outstanding cbank loans in Aug 27 wk Friday, September 3, 2010 @ 6:30AMMUMBAI, Sept 3 (Reuters) - India's federal government did not have any outstanding loans from the central bank in the week ended Aug. 27, the Reserve Bank of India said in its weekly statistical supplement on Friday.
RBI seeks banks to mention date of return on cheque return memo Friday, September 3, 2010 @ 5:40AMMumbai, Sep 3 : The Reserve Bank of India in a direction to all scheduled banks today said that they should mention the date of return in the return memos of dishonoured/returned cheques.
World stocks rise ahead of US employment report Friday, September 3, 2010 @ 5:30AMWorld stocks rise ahead of US employment reportWorld stocks rise ahead of US employment report
World stocks rise ahead of US employment report Friday, September 3, 2010 @ 5:24AMWorld stock markets climbed as investors took heart from a slight improvement in U.S. economic indicators ahead of a crucial employment report due later Friday.
Asia stocks rise on U.S. data improvement Friday, September 3, 2010 @ 4:55AMBEIJING -- Most Asian stock markets climbed today as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery. Gains were modest across the region as investors waited for U.S. employment figures due out later today. August's jobless ...
Most Asian stocks markets rise after some US indicators show slight improvement Friday, September 3, 2010 @ 4:31AMBEIJING, China - Most Asian stock markets climbed Friday as investors took heart from a slight improvement in U.S. economic indicators amid
Most Asian stocks markets rise after some US indicators show slight improvement Friday, September 3, 2010 @ 4:28AMBEIJING, China - Most Asian stock markets climbed Friday as investors took heart from a slight improvement in U.S. economic indicators amid lingering worries over the pace of the global economic recovery.
India raises 120 bln rupees via sale of 3 bonds Friday, September 3, 2010 @ 4:11AMMUMBAI, Sept 3 (Reuters) - India on Friday sold 120 billion rupees of bonds, the Reserve Bank of India said in a statement.
Food And Oil Prices Push Up India's Food Inflation Rate Friday, September 3, 2010 @ 2:43AM(RTTNews) - Higher prices of milk, pulses, fruits, rice, wheat and fuel nudged the annual inflation rate of India's food prices, as measured by the wholesale price index, or WPI, for the week ended August 21 to 10.86 per cent from the 10.05 per cent of the preceding week.
India's Services Industry Expands at a Slower Pace in August, PMI Shows Friday, September 3, 2010 @ 1:05AMIndia’s services industry growth cooled in August, a survey of purchasing executives showed.
No concern on capital inflows : RBI deputy gov Friday, September 3, 2010 @ 12:52AMThere is no concern on capital flows into India as of now, K.C. Chakrabarty, deputy governor at the RBI, said on Friday
AIG Unit Said to Submit Preliminary Hong Kong IPO Application Friday, September 3, 2010 @ 12:27AMAIA Group Ltd., the main Asia unit of American International Group Inc., submitted preliminary documents to the Hong Kong Stock Exchange for an initial public offering, according to two people familiar with the filing.
India cbank deputy: No concern on capital inflows Thursday, September 2, 2010 @ 11:11PMMUMBAI, Sept 3 (Reuters) - There is no concern on capital flows into India as of now, K.C. Chakrabarty, deputy governor at the Reserve Bank of India, said on Friday.
Indian rupee near two-week high on weak dlr overseas Thursday, September 2, 2010 @ 9:54PM* Traders to stay light ahead of U.S. non-farm payroll data
This is a WebMemo On India Thursday, September 2, 2010 @ 5:05PMFor reasons ranging from geopolitics to poverty alleviation, a strong India is good for the U.S. India’s strength will depend in great measure on the vibrancy of its economy. A complete picture of how the Indian economy is faring is therefore indispensable.
Third farmer suicide Thursday, September 2, 2010 @ 4:31PMKOLKATA: Even though the West Bengal government is yet to confirm that suicides by farmers in the Ausgram block of Bardhaman district are drought-related, following the third incident on Wednesday, district authorities admitted on Thursday that the farmers were “under a stress of debt burden.”
Know banking codes and get yourself heard Thursday, September 2, 2010 @ 4:30PMKnow banking codes and get yourself heardKnow banking codes and get yourself heard
Asia Day Ahead: Gulf of Mexico Platform Workers Are Safe After Explosion Thursday, September 2, 2010 @ 4:25PMThe following are the top Asia stories for the day.
Coin shortage Thursday, September 2, 2010 @ 4:05PMA vendor displays coins in his shop in Guwahati, the main city in the northeastern state of Assam yesterday. There has been a severe shortage of coins in the entire northeast since last few months.
Mini event all set to see big action Thursday, September 2, 2010 @ 3:47PMThe format of Reserve Bank of India's first mid-quarter review of monetary policy this month will be simplicity itself - a two-or-three-page statement, released to the press.
Liquidity in easy supply but tightness around corner Thursday, September 2, 2010 @ 3:45PMThe recent improvement in liquidity with banks is unlikely to persuade Reserve Bank of India to strike the issue off its list of concerns, economists and bankers said this week.
Frequent policy review to improve clarity, cut static Thursday, September 2, 2010 @ 3:44PMThe central bank's first mid-quarter policy and economic review this month is governor D Subbarao's latest step to improve the transmission of his decisions to the public.
Scotiabank trims forecast for 2011 global GDP growth Thursday, September 2, 2010 @ 3:40PMBank of Nova Scotia economists are trimming their forecasts for U.S. and Canadian gross domestic product growth, and weakness is bleeding through to the bank’s global GDP forecast, too.
Equifax launches credit reporting in India Thursday, September 2, 2010 @ 12:40PMEquifax has launched a credit reporting business in India, a joint venture involving six Indian financial institutions, the company said Thursday.
Exports overcome steel hiatus Thursday, September 2, 2010 @ 12:12PMA REGULARLY scheduled shutdown of Chinese steel mills and the importation of six Super Hornet aircraft for the RAAF took the edge off Australia's stellar trade performance in July, leaving the nation with only the fourth-best performance on record.
Western Union launches 60,000th agent Thursday, September 2, 2010 @ 11:17AMUnited News of India Mumbai, Sept 2: The Western Union Company, a global leader in money transfer services, today launched its 60,000th Agent location reinforcing its leadership in offering international money transfers services in India.
AIG unit said to submit preliminary IPO application Thursday, September 2, 2010 @ 9:58AMHONG KONG (Bloomberg)—AIA Group Ltd., the main Asia unit of American International Group Inc., submitted preliminary documents to the Hong Kong Stock Exchange for an initial public offering, according to two people familiar with the filing.
RBI clears debt restructuring for aviation sector Thursday, September 2, 2010 @ 9:57AMNew Delhi, Sep 2 (PTI) The Reserve Bank has allowed banks to restructure the debt of the cash-strapped aviation sector to help the beleaguered industry come out of financial turmoil, sources said today.
Exports overcome steel hiatus Thursday, September 2, 2010 @ 9:13AMA scheduled shutdown of Chinese steel mills and importation of six RAAF jets took the edge off Australia's trade performance.
AIG Asia Unit Said to Submit Preliminary Application for IPO in Hong Kong Thursday, September 2, 2010 @ 8:39AMAIA Group Ltd., the main Asia unit of American International Group Inc. , submitted preliminary documents to the Hong Kong Stock Exchange for an initial public offering, according to two people familiar with the filing.