Economic indicators positive, not perturbed by negative GDP forecasts: HDFC chairman Deepak Parekh"Signs of the wheels of the economy beginning to churn are evident from the following facts: unemployment rates have tapered down from thei...
Bank note reform may depress inflationary pressures: DBSWith credit growth still weak, excess liquidity has pushed Indian ten-year bond yields sharply lower this week. This is in contrast to Asia...
Switch mutual fund bets on China to US, advise wealth managersWealth managers, believe investors could take partial profits from these funds now and reallocate them to developed markets such as the US.
Call money rates may cross 9 pc due to tight liquidity: ExpertsHigher demand for funds by banks to meet the fourth quarter advance tax payout later this week will strain liquidity condition in the finan...
- Bank of Baroda, Union Bank awaiting RBI policy review to decide on rate cut
Bank of Baroda and Union Bank of India today said they would take a call on slashing interest rates in specific segments once the RBI has a...
- RBI says adequate liquidity needed to support recovery
RBI said it was imporant to ensure that liquidity does not become a constraint during the recovery process.
- Banks favour bonds to drain liquidity
Banks are keen that Reserve Bank of India (RBI) issues short-term bonds under the market stabilisation scheme (MSS) to drain surplus liquid...
- Interest rates unlikely to fall in next 3-6-months: Parekh
Interest rates are unlikely to decline in the next 3-6-months due to high Government borrowings, a top financial sector expert said.
- 'Fiscal deficit may overstep estimate of 5.5 per cent in FY10'
The government's gross fiscal deficit (GFD) is likley to over-shoot the budgeted estimate of 5.5 per cent in FY10 on account of an increase...
- Sops for airlines meant to protect jobs: PM
Prime Minister Manmohan Singh has defended the move to give concessions to cash-strapped private airlines saying the bailout was not to hel...
- Rupee ends at 2 week high, weaker dollar helps
The rupee rose to its highest in a fortnight on Monday, as broad dollar weakness helped sentiment for the local unit while gains in shares ...
- RBI's move to help SMEs to get affordable credit
RBI has addressed the problem of affordable credit for small and medium enterprises by cutting CRR and short term lending rate, Repo.
- Public sector Bank earns Rs 282.93 cr net profit
Public sector Bank has earned a net profit of Rs.282.93 crore for the first quarter of the current fiscal against Rs.247.59 crore for the c...
- Yes Bank, Reuters tie-up for electronic forex trading
Private sector Yes Bank on Friday announced a tie-up with Reuters India to provide electronic trading in forex to corporates and individual...
- Yes Bank, Reuters tie-up for electronic forex trading
Private sector Yes Bank on Friday announced a tie-up with Reuters India to provide electronic trading in forex to corporates and individual...
- Tax outflow subdues CRR hike fear
Raising CRR doesn't make sense when even a 1% hike would suck out only about Rs 25,000 cr, bankers feel.
- Cut in PDS wheat, rice prices likely
NEW DELHI: In the run-up to the Union Budget, the government is considering further cut in prices of foodgrains sold through the Public Dis...