We hope the Reserve Bank of India (RBI) will continue to ease to support growth on June 18. Given April 17&rsquo;s 50-basis point cut, it may be too much to expect another repo rate reduction, especially as RBI had warned that the room for further easing was limited. No matter.

Cut lending rates for recovery

Business Standard

Bank shares gained on Tuesday on the buzz of a reduction in the cash reserve ratio (CRR) by the Reserve Bank of India (RBI) during its mid-quarter review scheduled next Monday. The BSE Bankex index gaining 1.9 per cent and was the second top gainer among sectoral indices.

Banks' CRR cut demand gets government support

National Bank for Agriculture and Rural Development (Nabard) has sanctioned a loan of Rs 809 crore for irrigation projects in Uttar Pradesh. These projects will provide irrigation to 200,000 hectares of farmland across 67 districts. The bank has also sanctioned Rs 90 crore as loan to the Himachal Pradesh government for financing of 22 rural roads and bridge projects and minor irrigation projects in the hill state .

Nabard sanctions Rs 809-cr loan for UP

The rupee failed to maintain initial gains against the dollar and was down 10 paise at 55.90 on fresh demand for the American currency from banks and its firming in the overseas market.

Rupee down 10 paise at 55.90/dollar

Press Trust of India

The rupee rose on Wednesday, snapping a three-day losing streak, as a steadier euro helped, but traders remained cautious ahead of key global events and the Reserve Bank of India's policy meeting next week.

Rupee gains on euro, awaits inflation data

Reuters 

K C Chakrabarty, deputy governor of the Reserve Bank of India (RBI), has got an extension for three more months. Chakrabarty&rsquo;s three-year term would otherwise have expired tomorrow.

Chakrabarty gets three-month extension as RBI dy governor

JPMorgan Chase &amp; Co Chief Executive Officer Jamie Dimon spent much of his time at a hearing where US senators aimed to put him on the defensive firing back at the federal regulatory system.

Dimon fires back at Senate grilling

The depreciating rupee may have benefited textile exporters, but the debt-laden industry&rsquo;s expansion plans are hit by the same falling currency, as costs of importing textile machinery have shot up.

Weak Re hits textile firms' expansion

Mangalore-based Corporation Bank is targeting to grow its total business by over 26 per cent to Rs 3 lakh crore in the current financial year, from Rs 2,37 crore as on March 2012, by expanding its reach across northern India as well as focusing more on the SME, retail and commercial segments.

Corporation Bank sets Rs 3 lakh cr business target

Despite being one of the leading investors in the e-commerce segment in India, venture capital company Accel Partners says there is no room left for new e-commerce trading and retail companies in the country. Accel which has invested in e-commerce ventures such as Flipkart, Myntra and Chakpak, said there are hardly any real differentiating factors in most of the e-commerce firms coming up now.

Accel Partners may no longer fund e-commerce start-ups

The consumer story in India makes fast moving consumer goods (FMCG) space an attractive destination for private equity and venture capital investors.

PE investors bet big on Indian FMCG companies

Venture capitalists, keen to exit their investments in India, would prefer to do so via initial public offerings (IPOs) than rush an exit through other route like mergers and acquisitions (M&amp;As). VCs not facing pressure from investors are willing to wait longer and put in more money, if required.

VCs hold on to stake for better listing climate

After falling for a fortnight, the growth in bank deposits and advances improved towards the end of the second month of the current financial year, according to data from the Reserve Bank of India (RBI).

Bank deposits, loans improve

The rupee recovered its initial loss this morning and was trading at 55.68 per dollar due to uneven demand and supply of the American currency from banks and corporates.

Rupee at 55.68/dollar

Public sector banks employees have threatened to go on a two-day strike on July 25 and 26 against proposed banking law amendments, outsourcing by banks, HR matters and other issues.

PSU bank employees' strike on July 25-26

The rupee fell on Thursday, tracking sharp declines in local shares, as the RBI was expected to cut rates less aggressively after inflation remained high, delivering potentially less of a kick to economic growth.

Rupee falls, large rate cut hopes dim

Foreign brokerage Macquarie on Thursday downgraded the HDFC stock, saying the country&rsquo;s biggest mortgage lender had used &ldquo;aggressive accounting practices&rdquo; to inflate earnings &ndash; a charge HDFC later said it &ldquo;completely disagrees&rdquo; with.

Macquarie, HDFC at war over accounting practices

The Reserve Bank of India (RBI) is expected to cut the policy rate by 25-50 basis points in its mid-quarter monetary policy review on Monday, a poll of 25 respondents conducted by Business Standard showed.

Cut in policy rate likely, CRR may not change

The Reserve Bank of India (RBI) heads into it&rsquo;s mid-term quarterly policy review on Monday, against a fairly challenging domestic and global economic backdrop.

50-bp cut in rate needed

After raising $4.5 million (Rs 25.08 crore) from Accion and Pragati India fund, microfinance company Saija Finance Ltd is looking to expand its business and product portfolio through acquisitions.

MFI Saija Finance gets $4.5-mn investment

financial companies on payment of a specified amount and are used for purchasing goods and services from limited outlets.

RBI on pre-paid cards

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