The Deposit Insurance Credit Guarantee Association (DICGA) of the Reserve Bank of India (RBI) has appointed chartered accountants to certify claims made by the co-operative banks that have gone bust,

CAs named to certify Gujarat co-op depositors' claims

Business Standard

If you want to earn real returns on your savings, get out of the banking system and turn to small savings. 


Turn to small savings to earn real returns

<STRONG>Many constraints removed<BR></STRONG>


What is the impact of the new ECB policy on the corporate world?

Interbank call money rates ended little changed at 4.30-4.50 per cent last week 4.25/4.50 per cent on Monday. 


Rupee rise curbed, call flat, gilt yields edge up

Liquidity remains abundant in the banking system, but this is not what is expected to trigger buying in gilts. It, strangely, is the high inflation rate thats going to spur purchases. 


Lower inflation hopes to trigger buying

Kotak Mahindra Bank has clocked a 67.84 per cent rise in net profit in the third quarter ending December 31, 2003, to Rs 18.95 crore against Rs 11.29 crore in the corresponding period of the previous

Kotak Bank Q3 profit rockets  68%

IDBI Bank has posted a net profit of Rs 36.3 crore in the third quarter of fiscal 2004, reflecting a 32.5 per cent increase against Rs 27.4 crore in the corresponding quarter last year. 


IDBI Bank Q3 bottomline darts up 33% to Rs 36 crore

After the $300 million external commercial borrowing (ECB) for the steel sector, its now the turn of the textile sector. 


IDBI planning $300 m ECB for textiles recast

Reserve Bank of Indias (RBI) intervention strategy has taken a new turn. 


Big change in RBI tack, sells $s to stave off shortage, curb Re

Pre-tax profit of public sector banks will come down by 4.5 per cent in the near term and by 10.2 per cent over time owing to the recently announced reduction in interest rates on bank loans to the

FCI rate sop to dent bank profits 4.5% 

Indian Overseas Bank (IOB) has registered a 21 per cent growth in net profit at Rs 142.01 crore for the third quarter in 2003-04 compared with Rs 116.95 crore in the corresponding period last year. 


IOB net up 21% at Rs 142 crore

LIC Housing Finance Ltd (LICHFL) has posted a higher net profit of Rs 45.23 crore in the third quarter of fiscal 2004, up by 9.41 per cent over the corresponding quarter last year. 


LIC Housing Fin PAT up 9.41%

HDFC Bank is ramping up its retail banking business by widening its branch network and taking its retail products to a larger geographical area on the back of the substantial pick-up of demand in the

HDFC Bank in retail push

Industrial Development Bank of India (IDBI), the public sector undertaking which provides long-term finance to industries, will begin retail banking soon. 


IDBI to begin retail banking by July

Reserve Bank of India (RBI) is urging for correction in the excessively high minimum support prices for agricultural products, which otherwise is distorting the resource allocation in the agricultural

Call to reduce subsidies on agri products

Reserve Bank of India (RBI) has suggested taxing foreign exchange inflows as a means to better manage large capital inflows. In its Report on Currency and Finance released today, the central bank

Tobin-type tax on inflows mooted

Reserve Bank of Indias (RBI) report on currency and finance expects India to stand out as one of the fastest growing countries among the emerging market economies. 


India to be one of fastest emerging market economies

Ahead of the Reserve Bank's review of monetary policy on March 19, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today said policy rate cut by the central bank will depend on inflation movement, among other factors.

RBI rate cut to depend on inflation scene: Rangarajan

Finance Ministry today said that there is a scope for easing of monetary policy to boost growth in view of moderation in WPI-based inflation.

Scope for easing monetary policy: Arvind Mayaram

Banks are in the midst of attaining deposit growth targets at the end of the fiscal

Banks unlikely to reduce deposit rates this month

Wholesale price index is a more relevant number to watch, say experts

Street expects RBI to slash rate, despite higher CPI

BS Reporter

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