New Delhi:(IANS) State-run banks had total outstanding corporate loans of over Rs.2.3 lakh crore by end of 2014-15, parliament was told on Tuesday. "A sum of Rs.23,52,246.86 crore is outstanding corporate loan of the public sector banks (PSBs) as on March 31, 2015,"...
Agartala:(IANS) The central government is committed to provide banking services in rural areas through modern post offices where facilities like ATM, pension account and core banking will be made available, union Communication and IT Minister Ravi Shankar Prasad said...
Mumbai:(IANS) India's foreign exchange reserves tripped on Greece's debt crisis and Chinese stock markets crash and plunged by over $700 million for the week ended July 3. Analysts attributed the fall in reserves to an appreciating dollar vis-a-vis other international...
New Delhi: Reserve Bank of India Governor Raghuram Rajan has warned that the global economy is on the brink of a situation similar to the Great Depression of the 1930s. “I do worry that we are slowly slipping into the kind of problems that we had in the thirties in...
SRINAGAR: Governor, Reserve Bank of India (RBI), Raghuram Rajan Friday asked Banks in J&K to create an environment for stronger business activity especially following devastating floods that damaged the economic pursuit of the people. He said concerted efforts are...
When we study the steps being taken by Prime Minister Narendra Modi, it is not difficult to judge that the overwhelming majority of his steps, even if they appear to be excellent on the surface, are ultimately aimed at benefiting the corporate world. The Bank Deposit...
Fortaleza (Brazil) : Brazilian President Dilma Rousseff Tuesday expressed confidence that the expected creation of a BRICS development bank and a reserve fund would benefit developing countries. Rousseff made the remarks when she left her hotel in this Brazilian city...
(Governor Dr. Raghuram Rajan’s talk at the Annual Day Lecture of the Competition Commission of India) Good evening. Shri Ashok Chawla, distinguished invitees, our friends from the press, and ladies and gentlemen: It is a great honour to be invited to deliver the...
New Delhi: The Government of India have announced the Sale (re-issue) of (i)“ 7.80 per cent Government Stock 2020” for a notified amount of Rs. 4,000 crore (nominal) through price based auction, (ii) “8.83 per cent Government Stock 2023” for a notified amount of Rs....
New Delhi: The Reserve Bank of India will have to buy forex reserves to the tune of USD 80 billion by March 2016 if it were to at least maintain the current eight monthsˈ import cover, says the US brokerage Bank of America-Merrill Lynch. According to the latest RBI...