| EU grows out of recession | 14-NOV-09 |
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| Europe’s deepest recession since World War II officially ended on Friday, as data showed the European Union was growing once again, following five straight quarters of contraction. |
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| Central Bank net jumps 3-fold | 31-OCT-09 |
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| Central Bank of India said its net profit jumped over three-fold to Rs 313.9 crore for the second quarter ended September 30 over the same period last year. Total income rose 22.2 per cent to Rs 3,384 crore in the July-September quarter against Rs 2,768.9 crore in the same period last year, it said in a filing to the Bombay Stock Exchange. |
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| Inflation to drive future action | 28-OCT-09 |
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| The policy review is an emphatic assurance that the central bank is watching, calibrating and now definitely timing for a quantitative exit road map. The hike of 100 basis points in the statutory liquidity ratio, which was reduced to 24 per cent after the global financial crisis last year, is the harbinger of changing headwinds, making India the second G20 to economy to underline a move towards monetary tightening. |
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| Central Bank, Ipicol ink pact for Rs 25,000 crore funds | 24-OCT-09 |
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| To facilitate flow of credit to various sectors of the state’s economy including the micro, small and medium enterprises (MSMEs), ancillary and downstream industries, the state owned Industrial Promotion and Investment Corporation of Orissa Ltd (Ipicol) today entered into a pact with the Central Bank of India (CBI). |
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| Inter-regulatory dialogue must: RBI | 17-OCT-09 |
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| The Reserve Bank of India (RBI) has called for interaction among regulators of various countries to deal with systemic risks arising out of complex and interconnected financial entities. |
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| Abheek Barua: How much foreign capital do we need? | 12-OCT-09 |
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| I write this piece for two reasons. First, the rupee seems to be back on appreciation track as capital inflows begin to outstrip current account outflows. While there could be some correction going forward, it is likely that the central bank will have to keep stepping in to retain export competitiveness. This will have consequences for the supply of money, inflation and so on as the RBI swaps rupees for dollars to stem appreciation. |
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| Banks can stand a bigger slowdown, finds EU stress test | 03-OCT-09 |
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| A stress test of the European Union’s biggest banks showed they could withstand an even deeper recession, though with almost 400 billion euros ($581 billion) in losses, according to a report to EU finance chiefs. |
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| Banks park Rs 71,520 cr with central bank | 25-SEP-09 |
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| Banks on Thursday parked Rs 71,520 crore with the Reserve Bank of India (RBI) through the reverse repo route, which is used to suck out excess liquidity from the system. |
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