Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
Tag: Reserve Bank of India
Post
Post
Indian economy may grow around 5%: RBI chief
India's economy may grow at 5 to 5.5 percent rate in 2013-14, Reserve Bank of India Governor Raghuram Rajan said. In an article written on Project Syndicate, the governor said this rate of growth is "not great, but certainly not bad for what is likely to be a low point in econ
Post
FIIs permitted to hike holding in IDFC
With immediate effect, Reserve Bank of India (RBI) removed the restrictions placed on the purchase of shares of IDFC by foreign investors. The central bank removed the restriction because foreign investors' shareholding in IDFC fell below the prescribed limit. In August, the company reduced the limit that foreign investors c
Post
Banks want easier implementation of SARFAESI Act
Some bankers suggest Reserve Bank of India (RBI) to bring about enabling framework for effective implementation of SARFAESI Act. Bankers argue that despite the existence of this act, they face difficulties at the field level in taking physical possession of mortgaged properties from defau
Post
RBI targets to open 800 new bank branches in Himachal
To provide banking services to localities with 2000 or less population in Himachal Pradesh, the Reserve Bank of India (RBI) has set a target of opening 800 new bank branches in the state by 2014-15. General Manager of RBI, Shimla, RS Negi said that the RBI had achieved target of financial inclusion after opening bank branches in these having more than 2000 population in 2012.
Post
Banks borrow Rs 55,278 cr from RBI
Media reports say that banks borrowed Rs 55,278 crore ($8.6 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on September 6 for four days, higher than the Rs 24,531 crore on Sept 5 for one day. Markets were closed on September 9 for a local holiday.
Post
Muthoot to set up 250 white label ATMs
In the next three months, Muthoot Finance is to set up 250 white label ATMs in the country. The company is a leading gold financing company. The Reserve Bank of India (RBI), last year, allowed non-banking entities to set up white label ATMs without carrying any brand label of any bank. These ATMs could be used by any bank customers without paying any charge.
Post
RBI suggests reducing govt stake in PSU banks
In a discussion paper, Reserve Bank of India (RBI) suggested that the government may consider reducing its stake below 51 per cent in state-run banks. While reducing its stake, government may take certain protective rights by amending the statutes governing the PSU banks, the paper
Post
Banks raise interest on NRI deposits
Some banks raised interest rate on non resident Indian (NRI) deposits in order to attract more dollar into the country. Earlier, Reserve Bank of India (RBI) allowed lenders to offer higher interest rates on NRI accounts to attract dollar and thereby reduce weakness in rupee exchange
Post
RBI wams about inflationary pressures from food, fuel articles
In its Annual Report 2012-13, Reserve Bank of India (RBI) raised concern about rising food and fuel prices, which may put upward pressure on Wholesale Price Index (WPI) and Consumer Price Index (CPI). Owing to the rise in food and fuel inflation, WPI rose to 5.8 percent in July 2013