India's economic growth gaining momentum: OECD

Organisation for Economic Cooperation and Development OECD, a Paris-based think-tank has said that India's economic growth is gaining momentum. The observation comes at a time when the new government is initiating various measures to boost the economy. OECD's readings are based on ...

Finance Minister hopes RBI would cut interest rates to boost growth

Finance Minister Arun Jaitley today said that he hoped that RBI would cut interest rates to boost growth. The Finance Minister said that the disinvestment process with an eye on raising more than Rs. 58, 000 crore by selling government stakes in Public Sector Undertakings is on schedule. Jaitley was...

SEBI okays guidelines for REITs, InvITs regulation 2014

FIIs pull out Rs 5,000 crore from debt securities this month

Overseas investors have pulled out nearly 5,000 crore rupees so far in the current month after pouring in over 80,000 crore rupees in Indian debt securities in first seven months of 2014. In comparison, equity markets have seen a modest net inflow of about 100 crore rupees so far in August. The sign...

SBI says, it is facing a credit discipline issue in Andhra Pradesh and Telangana

RBI Governor calls for bringing down costs of rural banking to achieve financial inclusion

RBI Governor Dr. Raghuram Rajan has called for bringing down costs of rural banking to achieve financial inclusion. He said that the cost of establishing a bank branch in a village is still economically unviable. Because of this, it is not possible to establish branches in remote areas. In an exclus...

We need to bring down costs of rural banking to achieve financial inclusion: RBI Governor

RBI Governor Dr. Raghuram Rajan has said that we need to bring down costs of rural banking to achieve financial inclusion. He said that the cost of establishing a bank branch in a village is still economically unviable because of which it is not possible to establish branches in remote areas. In an ...

CBI registers preliminary enquiry against Kingfisher Airlines and IDBI Bank

Cenral Bureau of Investigation, CBI, has registered a preliminary enquiry against Kingfisher Airlines and IDBI Bank in connection with the 900 crore rupees that the bank had given as a loan to the Airlines. CBI Sources said the agency asked the bank why it provided loan to Kingfisher when the compan...

RBI revises guidelines for mortgage guarantee companies<br/>

The Reserve Bank of India, RBI, Friday revised guidelines for mortgage guarantee companies, MGCs, and stated in a notification that guarantees provided by them may be treated as contingent liabilities, for which credit conversion factor would be 50 per cent.The revision of guidelines on mortgage gua...

SBI seeks an external agency to take over day-to-day management of Bhushan Steel