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Banks continue to invest in mutual funds, ignore RBI directions
The Reserve Bank of India (RBI) has told banks not to invest in mutual funds, mainly because the credit off take has still not improved, but they continue to give funds to asset management companies....
View ArticleRBI further extends liquidity support to banks
It is reported in The Hindu Bussines Line that the apex bank of India has decided to extend its liquidity support facility to banks. The decision is taken to ease the fund crunch faced by the Indian...
View ArticleRBI to buy securities worth Rs 12,000 crore from the government
With reference to the Livemint report, The Reserve Bank of India (RBI) announced that it will by securities worth Rs 12,000 crore from the government on January, 5, 2011 as part of its decision to...
View ArticleGovt to help common man: Pranab
In order to come fullon on the expectations of the common man in the budget, Indian finance Minister, Pranab Mukherjee said that the government will have to take steps to increase his purchasing power....
View ArticleLoans to get costlier
People planning to go for a home or an auto loan just wait and watch. As per the ENS Economic Bureau, though the Central bank (RBI) of India’s annual monetary policy review is only three weeks away,...
View ArticleInflation cost Indians dearer
A research report says that the Indian households incurred an additional expenditure of whopping Rs 5.8 lakh crore in the last three years, due to spiralling inflation and dearer food items. “The rise...
View ArticleIndia’s food inflation rise to 9.13 percent
India’s food inflation rose to 9.13 percent for the week ended September 17 as compared to 8.84 percent in the previous week as prices of vegetables and pulses remained on the higher side, official...
View ArticleHome loan EMIs to come down
The Reserve Bank of India’s decision to cut policy rates is good news for prospective consumers who earlier postponed the purchase of a new house or automobile because of high rates. V Vaidyanathan,...
View ArticleFIIs pour in $4 billion into equities in February so far
Overseas investors have pumped in a staggering $4 billion into the Indian stock market in the first two weeks of February, taking the investment tally to $8 billion for calendar year 2013 so far....
View ArticleFalling gold, oil prices may result in a significant reduction in the current...
The falling gold and oil prices are likely to result in a significant reduction in the current account deficit, which in turn would provide the RBI with greater headroom for policy easing, experts have...
View ArticleFood price to remain vertical : RBI
India’s central bank (RBI) said that food prices will remain high notwithstanding an average inflation expected to be moderate nearly 5.5 per cent in financial year 2013-14. RBI executive director...
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