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Saturday, Nov 21, 2009
 
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PNB may acquire majority stake in Kazakh bank21-NOV-09
Punjab National Bank plans to acquire a majority stake in a Kazakhstan-based bank to expand its presence in Central Asia, its Chairman and Managing Director K R Kamath said here today.
Forex reserves up at $286.376 billion20-NOV-09
India's foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today.
RBI starts brainstorming on HR challenges20-NOV-09
The top management of the Reserve Bank of India (RBI) will brainstorm for three days, starting this evening, to find ways to deal with the growing manpower challenges that the central bank faces.
FinMin, RBI to direct banks to step up credit to MSME19-NOV-09
The Finance Ministry and the Reserve Bank of India (RBI) will issue directions to the banks to step up credit for micro, small and medium enterprises (MSMEs).
Subir Gokarn appointed RBI deputy governor19-NOV-09
The government today appointed Subir Vithal Gokarn, Standard and Poor’s Asia-Pacific Chief Economist and a Business Standard columnist, as the fourth deputy governor of the Reserve Bank of India (RBI).
RBI advisory forces banks to tighten mutual fund exposure19-NOV-09
The Reserve Bank of India (RBI) advisory to banks for limiting their mutual fund (MF) exposure has prodded the lenders to put in place a detailed investment norm.
Credit growth at over 9%, slowest in 12 yrs18-NOV-09
Credit off-take for the fortnight ended November 6 saw an increase of over 9 per cent -- the slowest growth in 12 years.
Subir Gokarn appointed RBI deputy governor18-NOV-09
Global rating agency Standard & Poor's Asia Pacific Chief Economist Subir Gokarn has been appointed as Reserve Bank of India's (RBI) deputy governor in place of Rakesh Mohan who quit months ahead of his retirement.
Rupee gains 8 paise to 46.22 vs $18-NOV-09
The Indian rupee today inched higher by 8 paise to 46.22 against the US dollar in early trade on expectations of fresh capital inflows by foreign funds into Indian bourses.
State not to resort to open market borrowing till Jan18-NOV-09
The Orissa government will not resort to open market borrowing till January 2010. It has already indicated to the Reserve Bank of India (RBI) that it will not resort to open market borrowing till January next year after which it will review the fiscal position of the state.
RBI may hire external hands17-NOV-09
For the first time in its 75-year history, the Reserve Bank of India (RBI) might hire professionals from outside for specialised activities such as derivatives and risk management. The move could pave the way for entry of experts from global institutions in the central bank.
RBI to adopt six villages of Punjab17-NOV-09
As part of its platinum jubilee celebrations, the Reserve Bank of India has initiated a special programme called ‘Model Village Programme’ in six villages for providing banking facilities.
Banks need 12 lakh biz correspondents for rural area16-NOV-09
The Indian Banking sector needs at least 12 lakh business correspondents to work in rural areas to bring six-lakh villages of the country into banking arena, Krishna Mohan, regional director, Reserve Bank of India (RBI) said here today.
Gold crosses 17K on global cues, marriage season demand16-NOV-09
Gold prices surged by Rs 100 to Rs 17,100 per ten gram in the bullion market here today on sustained buying by stockists and jewellers to meet the marriage season demand and as investors increasingly are moving funds from the dollar into higher-yielding assets.
Bond yields may stay firm on rising inflation16-NOV-09
The yield on government bonds is expected to remain firm on expectations that the inflation may rise and recovery in the industrial production.
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