Foreign exchange reserves zoomed $702 million to $178.128 billion for the week ended January 19, according to the weekly supplement released by the Reserve Bank on Friday.<BR><BR>Foreign currency

Forex reserves zoom $702mn to $178.13bn

Business Standard

Vijaya Bank today reported a 58% increase in net profit at Rs 92.73 crore for the third quarter ended December 31, 2006 when compared with Rs 58.80 crore in Q3FY06.<BR><BR>According to a release

Vijaya Bank Q3 net up 58% at Rs 93cr

Bankers are bracing themselves up for at least a 0.25% hike in short-term rates in the Reserve Bank of India's (RBI) quarterly review of its credit policy next week, in a bid to contain inflation and

Bankers expect rate hike

Press Trust of India

Kerala-based Catholic Syrian Bank (CSB) is in the process of seeking the permission of the Reserve Bank of India (RBI) to sell 15% stake in the bank to AIF Capital Development, a Mauritius-based

Catholic Syrian seeks RBI nod for stake sale

The on-going momentum in economic growth is likely to remain robust in the rest of 2006-07, according to the macroeconomic and monetary developments report released by the Reserve Bank of India today

Growth momentum to continue: RBI

Individuals and corporate borrowers face the prospect of further interest rate increases, as the Reserve Bank of India (RBI) battles inflation and high credit growth. 


Another interest rate hike on the cards

The competition among banks to raise resources is turning fierce. Bank of India is doling out an additional 25 basis points for floating rate deposit scheme above the applicable rate of maturities of

BoI offers floating rate to woo deposits

The Reserve Bank of India (RBI) today hiked the expected GDP growth for the year ending March 31, 2007 to 8.5-9%.R>R>"Real GDP growth originating from agricultural and allied activities has been

Credit Policy: GDP growth rate hiked to 8.5-9%

The Reserve Bank of India (RBI) today doubled the provisioning for credit card receivables and personal loans (PLs) to 2% from the existing 1%.R>R>The central bank, in its third quarter review of

Credit Policy: Card/PL provisioning up 1%

The government today said hike in overnight lending rate by 0.25% by the RBI would tame inflation, but not affect India's growth story.R>R>"Monetary policy takes some time to work...It would have

Credit Policy: FM says no impact on India story

The Reserve Bank of India (RBI) today reduced the deposit rates of NR (E) RA and FCNR (B) deposit rates by 50 basis points and 25 basis points, respectively.R>R>The central bank, in its third

Credit Policy: Forex deposit rates cut 25-50bps

The Reserve Bank of India (RBI) today said the objective of policy measures taken at the current juncture would be to bring inflation as close as possible to the stated range of 5-5.5% at the earliest

Credit Policy: FY07 inflation target 5-5.5%

Private lender Yes Bank today announced it will hike its benchmark prime lending rate (BPLR) by 50 bps with effect from tomorrow.R>R>"We are hiking our BPLR from 13.5% to 14% with effect from

Policy Impact: Yes Bank hikes PLR by 50bps

Borrowing costs are set to rise again across-the-board, more sharply for commercial real estate and capital market players, with the Reserve Bank of India (RBI) today making liquidity expensive and

Credit Policy: Repo rate hiked 25bps

A href="http://www.business-standard.com/general/newbsvideo.php?videoid=2441">STRONG>CLICK HERE FOR VIDEO/STRONG>/A>R>R>The general feeling among market players is that the Reserve Bank of

Reddyspeak: Economy primed for growth  Video

Manipal Global Education Services (MaGE) and Federal Bank on Monday announced the launch of Federal Manipal School of Banking at the Manipal University Bangalore Campus, in Bangalore.

Manipal Global, Federal Bank launch banking school

The current account deficit (CAD) for the quarter ended September was at an all-time high of 5.4 per cent of gross domestic product (GDP), owing to a widening trade deficit and the slowing economy.

Added worry on external payments situation

With bank lending rates still high, the corporate sector is increasingly depending on commercial paper (CP) to meet working capital requirements.

India Inc uses more of CP as loan rates stay high

The reduction in interest rates by banks on home loans and car loans in the festive season has resulted in retail credit growing 16.3 per cent year-on-year in November, the highest for a month in this financial year. Many banks had also waived or reduced processing fees. The rise was 14.1 per cent in October and 13.3 per cent in November 2011. Vehicle loans grew 25.8 per cent compared with 22.2 per cent in October.

Retail credit swells on festive demand

Karnataka is all set to roll out the pilot of government of India&rsquo;s ambitious direct cash transfer (DCT) programme from January 1, 2013, in three districts - Mysore, Tumkur and Dharwad.

Banks all set to roll out direct cash transfer

The aggregate deposits of commercial banks in Karnataka have risen 14.44 per cent to Rs 4,10,233 crore for the first six months of the fiscal-ended September 2012 compared to the corresponding period last year. In the first six months of last fiscal, the banks had mobilised Rs 3,58,474 crore deposits.

Bank deposits rise 14.44% in Karnataka during H1FY13

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