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RBI plans to issue banking licenses to NBFC’s
The Reserve Bank of India (RBI), which is also India’s Central banking system and controls the monetary policy of the rupee as well as US$287.37 billion (2009) of currency reserves, brought out a...
View ArticleSBI to raise capital of Rs 2000 crore through bonds
India’s largest money lender State Bank of India (SBI) is planning to raise up to Rs 2,000 by offering bonds to retail investors in the next month. SBI Chairman, O P Bhatt, said, “We are planning to...
View ArticleAll that can make you glitter is gold
In Indian culture gold has a very significant place. No wonder Indians are the largest consumers of gold globally. Despite the soaring price the demand and the consumption has not faded, in fact it is...
View ArticleBanks’ profits to rise
The Country’s Central bank has relaxed the provisioning norms thereby giving a chance to the banks in India to raise their profits. As per the PTI report, responding to representations of banks on...
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...
View ArticleOverseas loan norms for builders becomes easier
In order to encourage builders to come forward for slum rehabilitation project, their by providing better leaving opportunities to the hutment residence, India’s central bank, the RBI, has made the...
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