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

Business Standard

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

Avendus during mid-Feb acquired a fast-emerging NBFC and is in the process of structuring the growth of this arm

Avendus to invest $25 mn to beef up NBFC arm

Centre yet to provide Rs 922 cr for recapitalisation

UP to rescue 16 ailing cooperative banks

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

As the Centre considers hiving off non-strategic equity holding of Unit Trust of India (UTI) to banks and institutions, the Life Insurance Corporation of India (LIC) is looking at increasing its stake

LIC eyes UTI stake in LIC Housing

A pan-India electronic funds transfer (EFT) system is set to become a reality in the next couple of months. The Institute for Development and Research in Banking Technology (IDRBT) is putting together

Intra-bank same-day fund transfer ahead

Call rates hovered around 4.25-4.50 per cent in the interbank money market last week on the back of ample liquidity amid thin demand. 


Rupee rule rangebound, forward premiums look up

The funds position in the market is more than adequate but there is little to cheer for the gilts mart because there are too many uncertainties. 


Uncertainties offset liquidity cheer

Global Trust Bank (GTB) is expecting to complete its capital-raising exercise by February-end. The bank has recently raised its authorised capital to Rs 650 crore from the earlier Rs 350 crore. Its

GTB plans Rs 500crore pref issue by Feb end

State Bank of India (SBI) will extend its Internet banking facility to Rajahmundry, Kakinada, Srikakulam and Vijayanagaram shortly. 


SBI to expand net banking coverage

State Bank of Hyderabad (SBH) has tied up with United India Insurance Company for marketing general insurance products. 


SBH ties up with United India 

The finance ministers announcement on repositioning the Industrial Development Bank of India (IDBI) as the countrys lead development finance institution virtually rules out its merger with any

IDBI gets development role

The co-operative banking sector is sceptical of the grand Rs 15,000 crore scheme announced by Finance Minister Jaswant Singh for revitalising the co-operative credit structure. 


Bankers see gaps in `grand' plan

Syndicate Bank will set up a wholly owned subsidiary for marketing general insurance products. 


Syndicate Bank plans to float insurance marketing arm

Faced with dues amounting to crore of rupees, hospitals have written to the central government asking that insurance companies introduce full insurance coverage to patients at extra cost. 


Hospitals ask Centre for full risk cover to patients

Markets Report

Indian Hotels Company, the Tatas groups hosiptality company, has raised $150 million through foreign currency convertible bonds issue, as part of its expansion plans. 


Indian Hotels raises $150m

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