Usha Thorat, deputy governor of the Reserve Bank of India (RBI) in her speech at a banking conference announced that the central bank has deregulation of savings bank deposit rate on its agenda.
The Reserve Bank of India (RBI) may not be ready to tone down its hawkish monetary policy just yet as it awaits more data to see whether signs of cooling growth are an aberration or a trend, three RBI sources said.
The number of internet users in rural India is forecast to rise 30% to 5.4 million in 2010, according to a joint study conducted by the Internet Mobile Association of India (IAMAI) and market research firm IMRB.
James Sassoon, Commercial Secretary to the UK Treasury is in India today to meet top officials at the RBI. In an interview with CNBCTV18’s Banking Editor Latha Venkatesh Sassoon spoke on the power to regulate banks and the key takeaway from the crisis.
Nakoda Limited, one of India’s largest players in the fully drawn yarn segment, has commenced the commercial production in South Korea at a plant acquired through its subsidiary Indo Korean Petrochem Ltd.
State Bank of India, the country’s largest lender, on Tuesday said it had received approval to raise up to Rs 1000 crore (USD 213.7 million) via a retail bond sale.
Repro India Limited operates as an integrated print solution company in India.
ICICI Bank, India’s No 2 lender, expects credit growth to pick up in the second half of 2010/11 and sees no problems in raising deposits, its chief executive said on Tuesday.
ArcelorMittal, the world’s largest steelmaker, is in talks with Indiabulls Real Estate to form a joint venture to acquire iron ore and coal mines in India, the Economic Times reported on Tuesday.
The Reserve Bank of India (RBI) chief said on Tuesday he did not see higher capital requirements for Basel 3 norms hitting banks significantly.