For the accounting year July-June 2012-13, the Board of Reserve Bank of India agreed to provide Rs 33,010 crore as dividend or surplus profit to the government. Market participants expected a dividend payout of Rs 33,000-35,000 crore. The RBI follows a July to June accounting year. In the previous year, it paid a dividend of Rs 1
Author: admin (Infratructure Today)
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RBI to provide Rs 330 bn as dividend to govt
For the accounting year July-June 2012-13, the Board of Reserve Bank of India agreed to provide Rs 33,010 crore as dividend or surplus profit to the government. Market participants expected a dividend payout of Rs 33,000-35,000 crore. The RBI follows a July to June accounting year. In the previous year, it paid a dividend of Rs 1
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Chennai airport New International Terminal is ready
The Airports Authority of India on August 6 stated that the new International Terminal at Chennai airport has been built at a cost of about Rs 2,000 crore. It added that the new terminal was scheduled to begin operations on August 7.
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Recarpeting soon for runway of Nagpur airport
Upon requesting the Airports Authority of India (AAI) by the MIHAN India Limited to recarpet the runway of Nagpur's Dr BabasahebAmbedkar International Airport, the AAI is in the process and has completed the tender process for allotting the work for re-carpeting the runway. Re-carpeting work on the runway is to begin after the monsoons.
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AAI cites alternative site for greenfield airport in Haryana
For the proposed greenfield airport in Haryana, the Airports Authority of India (AAI) has suggested an alternative site, close to the existing one at Bhaini Bhairon in Rohtak.
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S&P expects banks’ performance to be under stress
A report from Standard & PoorĆās (S&P) warned that the declining asset quality of banks in India would affect their performance adversely. Recently, the global credit rating agency released the report titled ĆāSlack Economic Growth Dents Recovery Prospects for Indian Bank. In the next 18-24 months, the Indian banking sector may not recover because of sluggish economic activity and
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S&P expects banks’ performance to be under stress
A report from Standard & PoorĆās (S&P) warned that the declining asset quality of banks in India would affect their performance adversely. Recently, the global credit rating agency released the report titled ĆāSlack Economic Growth Dents Recovery Prospects for Indian Bank. In the next 18-24 months, the Indian banking sector may not recover because of sluggish economic activity and
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FSDC panel discusses stability of financial system
The sub-committee of Financial Stability and Development Council (FSDC), chaired by RBI Governor D Subbarao met recently to discuss potential risk to stability of the domestic financial system. The sub-panel expressed concern on the deteriorating asset quality of public-sector banks and discussed corrective measures for
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HDFC Bank hikes base rate by 0.2%
With effect from August 3, India's leading private sector lender HDFC Bank raised the base lending rate to 9.80 per cent from 9.60 per cent. The bank has reportedly raised interest rate on the back of RBI measures to contain volatility in rupee exchange rate and increase in short term deposit
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RIL borrows $487 mn via ECB in June
Reliance Industries (RIL) raised $487 million through external commercial borrowings (ECB), the highest amount among 81 companies which went for ECBs in June. RIL borrowed the amount for a tenure of 13 years and five months for import of capital goods. Besides, RIL, Uttam Galva Steels borrowed $180 million, the second largest amount, for refinancing of rupe