By Loknath Das On Monday, September 18th, 2017
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RBI Likely To Hold Policy Rate Till Fiscal Year-End: Kotak Institutional Equities

New Delhi: The Reserve Bank of India is expected to pause rate cuts for the rest of fiscal year 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, according to a report by brokerage More...

By Loknath Das On Monday, September 18th, 2017
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Slippages To Be ‘Under Control’ In Coming Quarters: SBI

Kolkata: The State Bank of India (SBI) is expecting that slippages will be “under control” in the coming quarters, an official said here on Saturday. “The fresh slippages have started tapering More...

By Loknath Das On Saturday, September 16th, 2017
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June Quarter Current Account Deficit Widens To Four-Year High

Mumbai: India’s April-June current account deficit widened to its highest in four years as imports surged, but strong capital inflows comfortably financed the gap, data from the Reserve Bank of India showed More...

By Loknath Das On Saturday, September 16th, 2017
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RBI To Sell Rs. 10,000 Crore Government Bonds Via Open Market Operations

Mumbai: The Reserve Bank today said it would sell government bonds worth Rs. 10,000 crore through Open Market Operations (OMO) to mop up liquidity from the system. “Based on the current assessment of prevailing More...

By Loknath Das On Saturday, September 16th, 2017
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Indian Banks Need $65 Billion Capital To Meet Basel Norms By March 2019: Fitch

Mumbai: Indian banks will need additional capital of $65 billion to meet all of global Basel III banking rules by March 2019, with state-run lenders accounting for 95 per cent of the requirements, Fitch Ratings More...

By Loknath Das On Wednesday, September 13th, 2017
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Sensex Extends Rally, Nifty Above 10,050; PSU Banks Gain

The BSE Sensex and Nifty extended gains in the noon trade with fresh buying coming in state-owned banks like SBI, Bank of Baroda. The Nifty was up 0.53 per cent at 10,059.25 as of 12.45 pm, while the benchmark More...

By Loknath Das On Wednesday, September 13th, 2017
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As India Inc Struggles To Cut Down Debt, Economy Suffers

Mumbai: Cash crunch and confusion over the introduction of GST (Goods and Services Tax) were initially blamed for pulling economic growth down to its weakest pace in more than three years. But that is masking a More...

By Loknath Das On Wednesday, September 13th, 2017
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Bank Employees Call For Protest March On September 15

Dharamshala: Bank employees plan to conduct “March to Parliament” on September 15 to draw the government’s attention towards various issues, Deepak Kumar Sharma, General secretary of SBI Officers More...

By Loknath Das On Tuesday, September 12th, 2017
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Petrol prices hiked: Rs 79 per litre in Mumbai, at highest since August, 2014

The Indian basket of imported crude oils gained nearly $3.50 a barrel during last week even as petrol prices in the country touched their highest levels since Prime Minister Narendra Modi assumed office three years More...

By Loknath Das On Tuesday, September 12th, 2017
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RBI sets rupee reference rate at 63.9474 against dollar

The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 63.9474 against the US dollar and 76.5514 for the euro. The corresponding rates were 63.8859 and 76.7334, as on Monday. According More...