There are now a lot of organizations that see the potential of India when it comes to doing some business and among these companies is the DBS Bank. They have seen significant business opportunities in the country and would be glad to operate as a wholly-owned subsidiary in the country. This will definitely be possible […]
India’s biggest nationalized bank State Bank of India (SBI) has decided to deduct rates on some of the loans provided by them. SBI is planning to reduce the rates in the sector-specific loans, though the Reserve Bank of India (RBI) hasn’t cut down the repo rate till date. The bank’s asset liability committee (ALCO) will […]
The Reserve Bank of India on Friday cut the cash reserve ratio by a ‘astonishingly aggressive’ 75 basis points. The move to cut the amount of cash that banks need to park with the RBI (or CRR) from 5.50 per cent to 4.75 per cent of deposits is intended at easing the importunate liquidity crunch […]
The Reserve Bank of India has hiked bank rate for Primary (urban) Co-operative Banks by 3.5% to 9.5% with effective from February 13, 2012. “…it is determined that the bank rate should normally stay aligned to the MSF (marginal standing facility) rate. “Accordingly, it has been decided that with effect from the close of business […]
Reserve Bank of India raised 120 billion rupees by selling bonds on Friday. RBI also set a cut off price of Rs. 103. 85, yielding 8. 2040% on 8.79% bonds maturing in 2021. The coupon was lower than the forecast of 8.2262 per cent in a Reuter’s poll earlier in the day. Reserve Bank of […]
Reliance Communications Ltd. received the permission from the Reserve Bank of India for the refinancing from Industrial and Commercial Bank of China Ltd (ICBC) and Export Import Bank of China (EXIM) for deliverance of its outstanding FCCBs (Foreign Currency Convertible Bonds). The terrific FCCBs of US$ 1,182 million (approximately Rs. 5,825 crore at the prevailing […]
The Reserve Bank of India (RBI) has lifted their bank rate or the discount rate, from 6% to 9.5% to line up with the marginal standing facility (MSF), without changing the monetary policy stance. The bank rate is the rate at which RBI buys or re-discounts bills of exchange or other commercial papers which are mandatory for […]
The Reserve Bank of India (RBI) released the Macroeconomic and Monetary Developments Third Quarter Review 2011-12 yesterday. This very document gives a preliminary idea of to the Monetary Policy Statement that is going to be released on January 24, 2012. Global and domestic factors have shown a strong negative effect on the Growth outlook, weakening […]
