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Bank recapitalisation plan a reform and recap package: RBI Guv
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): The Reserve Bank of India (RBI) Governor Dr Urjit Patel hailed the recently-announced bank recapitalisation plan as a "reform and recap package", adding that the move will give a much-needed impetus to credit growth in the economy.
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RBI holds rates after hinting possibility of fiscal slippages
Updated : 8 years, 3 months ago IST
Mumbai (Maharashtra) [India], Dec 6 (ANI): Reserve Bank of India (RBI) Governor Dr Urjit Patel on Wednesday hinted at the possibility of fiscal slippage due to farm loan waiver, partial roll back of duty on fuel and reduction in the Goods and Services Tax (GST) rates on a number of commoditi
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RBI keeps repo rate, reverse repo rate unchanged
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 5 (ANI): The Reserve Bank of India (RBI) on Wednesday kept the repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively.
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Sleep disorder ups odds of Parkinson's disease in elderly men
Updated : 8 years, 3 months ago IST
Washington D.C. [USA], Dec. 6 (ANI): People, especially men, suffering from sleep disorder are at increased risk of developing Parkinson's disease or dementia when they grow, warns a recent study.
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RBI issues warning on Bitcoins, other virtual currencies
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 5 (ANI): The Reserve Bank of India (RBI) on Tuesday called on those trading in Bitcoins and other virtual currencies regarding the risks involved in the same.
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Sensex plummets 316 points to 32,832.94, Nifty at 10,121.80
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 1 (ANI): December series first Friday witnessed a steep slump in the afternoon trade as the Bombay Stock Exchange (BSE) Sensex fell down 316.41 points to 32,832.94 and National Stock Exchange (NSE) Nifty50 fell 104.70 points to 10,121.80.
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RBS to close 259 branches, cutting 680 jobs
Updated : 8 years, 3 months ago IST
London [UK], Dec 1 (ANI): In a major layoff, the Royal Bank of Scotland announced that by the middle of next year, it plans to close 259 branches, which will lead to a reduction of around 680 jobs.
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Surge in credit provisions to adversely affect PSBs' profitability
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): Credit rating body ICRA in its report released on Monday estimated the gross non-performing assets (GNPA)s of Rs. 8.8 to 9.0 trillion (10.0-10.2 percent) to peak out by end of FY 2018, as against GNPAs of 9.5 percent (Rs. 7.65 trillion) as on March 31, 2017.
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Impact of demonetisation, GST fizzing out: FICCI
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): The slowdown in the economy due to demonetisation and the adjustment impact of the Goods and Services Tax (GST) implementation seems to be bottoming out as the new indirect tax regime stabilises, the economy would see an improvement in its performance, accord
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Looming inflation may hamper interest rate cuts
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 25 (ANI): Inflation is expected to remain a key concern both for the government and Reserve Bank of India (RBI), thus reducing hopes of a cut in interest rates, the ASSOCHAM said.
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Govt incentives digital purchase of gold bonds
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 25 (ANI): In a bid to fuel the digitisation drive, the Government of India in consultation with the Reserve Bank of India (RBI) announced a discount of Rs. 50 per gram from the issue price of gold bonds to those investors, who apply online and pertain to digital mode o
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ASSOCHAM writes to Jaitley, RBI Governor over private equity investment ma
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 24 (ANI): In a bid to resolve the vexed issue of 'assured return' on private equity investment, industry body ASSOCHAM wrote to Finance Minister Arun Jaitley, urging a meeting between his officials and the global private equity funds so that investments worth several t
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