Appreciating the RBI's decision to cut key interest rate by 0.25%, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said it could have given a more robust signal to the industry

RBI could have given stronger signal to push growth: Montek

Business Standard

The RBI cut its benchmark policy rate by 25 basis points on Tuesday, for the second time since the start of the year in a bid to help revive flagging growth in Asia's third-largest economy, but warned that its scope for further policy easing is limited.

RBI's stance remain growth supportive, say experts

Reuters

The Reserve Bank of India cuts the cash reserve ratio (CRR), the amount of funds that the banks have to keep with RBI, by 25 basis points

RBI cuts repo rate, indicates limited room for more

The rupee today gained 26 paise to 53.91 against the dollar in early trade at the Interbank Foreign Exchange on fresh selling of the US currency by exporters ahead of the Reserve Bank policy review.
	Forex dealers said strengthening of euro against the dollar overseas on easing fears about a controversial bailout for Cyprus and a higher opening in the domestic equity market, also supported the rupee.
	The local currency had lost 16 paise to close at 54.17 yesterday due to fresh dollar demand from importers and some banks.
	Meanwhile, the BSE benchmark index Sensex recovered by 85.41 points, or 0.44 per cent, to 19,378.61 in early trade today.

Rupee up 26 paise at 53.91/dollar in early trade

Press Trust of India

The Reserve Bank of India (RBI) is expected to cut its key policy rate on Tuesday for the second time in 2013 to help revive a faltering economy, taking comfort from moderating core price pressures and the government's commitment to trim the fiscal deficit.

RBI seen cutting interest rates as growth stumbles

In a effort to give electronics payments a push Reserve Bank of India (RBI) today asked banks not to accept post dated cheques (PDCs) and EMI payment cheques even if it conforms to new CTS -2010 (Cheque Truncation System) format  on the locations electronic clearing system (ECS) debit is available

Don't accept PDCs for EMI payments where ECS is available: RBI

In his interim Budget speech of February 3, the finance minister indicated something of a return to the development finance model. The Industrial Development Bank of India (IDBI), which was the lead

Revisiting development finance

If all goes well, ICICI Bank will close its accounts this fiscal with a microfinance book of close to Rs 400 crore. This will be up from last years close at Rs 150 crore. A big leap for the bank.

Microfinance looks attractive

The yield on the benchmark 7.37 per cent 10-year paper (2014) closed at a six-week high of 6.38 per cent today against 6.24 per cent yesterday. Its highest close was 6.65 per cent, recorded on August

Gilts down on interest rate outlook

The spot rupee is expected to move in the range of 45.85-95 to a dollar. The major triggers for the currency will be the oil prices and dollar movement in wake of the economic data to be released in

Spot to stay grooved

The primary corporate bond market is likely to see a lot of tier-II issues from banks. To meet the Basle-II norms, banks need to raise more funds to boost their capital adequacy.


Tier-II issues in the offing

The two-and-a-half year old corporate debt restructuring (CDR) mechanism formed between banks and financial institutions (FI) has accepted to restructure the debt of 109 companies worth over Rs 66,800

CDR-aided firms doing well

State Bank of Indias (SBI), the countrys largest bank, brand-building drive saw its spending on advertising on television in the first half of 2004 rise to 8.72 times the spending in the whole of

SBI adspend on TV rockets

Re ends higher at 45.85/$

Insurance brokers have welcomed the recent announcement by Irda (Insurance Regulatory Development Authority) to temporarily stop issuing of licences to corporate agents. 


Irda shackling of corporate agents finds favour

Re closes weak at 45.87/$

Corporate Indias big borrowing plans are robust because the money would be spent on capacity expansion to meet a rise in demand, according to Bala Swaminathan, country head, corporate banking of

ICICI Bank sees corporates borrowing Rs 1 trillion in the next one year

Re ends higher at 45.86/$

Indian corporates and banks have borrowed $4.2 billion from the overseas loan syndication market in calendar 2004 so far against $2.5 billion in the whole of 2003. 


India Inc goes for foreign loans with gusto

Banks are now benchmarking loans against the yield on government securities following the recent bout of volatility in the bond market.


Banks linking loans to gilts

Indian corporates have raised around $2.2 billion from the overseas market via external commercial borrowings (ECBs) in the first half of the current fiscal as against $3.3 billion in the last fiscal

India Inc raised $2.2 bn ECBs in the first half

Financial Analysis: Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

Finance News Analysis, Financial Analysis and Research | Business Standard

Find the Latest Financial News Analysis & Research Updates from all top sources for the Indian Finance industry on Business Standard.

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