The gold reserve also declined by $340 million to $30.55 billion in the reporting week, the RBI data showed
The central bank is tight-lipped on its intervention strategy, but it is suspected that it recently intervened in a huge amount in the offshore markets
A crack team of 150 overseeing critical operations from a hotel
Experts also mentioned that the data suggests that the poorer sections of society could be borrowing less due to their weak ability to service loans
Bankers said that with private investment practically coming to a halt, there was little demand for corporate credit.
Mis-selling and ATM-related complaints have gone up
During the reporting week, gold reserves increased by $ 430 million to $ 27.078 billion
Adani Ports and Special Economic Zone raised $750 mn for rupee expenditure, $650 mn for refinancing of earlier ECB, ONGC Videsh and $500 mn for other purposes
In the previous week, the reserves had marginally slipped by $ 70.8 million to $ 430.501 billion but still remained above the $ 430 billion-mark
Valuation method change, provision write-back play key roles to boost dividend
The selling ARC should use the proceeds for the redemption of underlying security receipts.
While PSBs met their PSL target for agriculture of 18 per cent, private banks and foreign banks failed to meet the targets at 16.2 per cent and 16.7 per cent