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Bank credit up 10.39% at Rs 64,53,394 cr

Mar 06, 2015

Bank credit up 10.39% at Rs 64,53,394 cr

Deposits of the banks, on the other hand continued to outpace credit demand rising 11.85 percent to Rs 84,74,824 crore in the reporting fortnight as against Rs 75,76,609 crore in the same fortnight last year. #Economy #RBI #NewsTracker #Bank credit
Lodha relaunches $350 mn overseas bond sale plan

Mar 06, 2015

Lodha relaunches $350 mn overseas bond sale plan

Lodha had appointed Bank of America Merrill Lynch and JP Morgan as bankers for the bonds, which would be issued by its subsidiary Lodha Developers International, Mauritius, with Lodha Developers International Holdings and another subsidiary, Palava Dwellers, as guarantors. #Investing #JP Morgan #Anil Ambani #Bank of America Merrill Lynch #Reliance Communications #CompanyWatch #Lodha Group #Bond issue #Lodha Developers International #Palava Dwellers
MUDRA Bank can be positive for microfinance sector: ICRA

Mar 06, 2015

MUDRA Bank can be positive for microfinance sector: ICRA

As per ICRA estimates, the MFI sector, including self-help groups (SHGs) and NBFC-MFIs, had a total portfolio of Rs 780 billion as on 30 September 2014, ICRA said in a report in Mumbai. #Economy #ThisisNext #Microfinance #Mudra Bank #NBFC-MFIs
Sensex rebounds 68 points as pharma, FMCG, banking shares rise

Mar 05, 2015

Sensex rebounds 68 points as pharma, FMCG, banking shares rise

Buying by participants in the last 30 minutes of trading helped the gauge bounce back to close 68.22 points, or 0.23 percent, higher at 29,448.95. #Sensex #Hindalco #wipro #nifty #FMCG #Hindustan Unilever #Banking #HDFC #M&M #Axis Bank #Sterlite #MarketClose #Pipavav Defence #Dr. Reddy
Consumers rejoice: Banks to reduce your loan rates by April thanks to RBI rate cut

Mar 05, 2015

Consumers rejoice: Banks to reduce your loan rates by April thanks to RBI rate cut

The second surprise rate cut from Reserve Bank of India (RBI) governor, Raghuram Rajan this year is likely to prod commercial bankers to slash their lending rates to end-consumers, by April. Some banks may begin cutting rates in March itself. #RBI #Banks #Banking #SBI #Raghuram Rajan #Rate cut #Lending rates
After 20 years, RBI to put Re 1 note back into circulation

Mar 04, 2015

After 20 years, RBI to put Re 1 note back into circulation

One rupee notes are all set to come back into circulation as the government has decided to restart printing the currency after more than two decades. #India #RBI #Reserve Bank of India #NewsTracker #The Coinage Act 2011
Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

Mar 03, 2015

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches". #World #India #Supreme Court #SEBI #Subrata Roy #Sahara #Bank of China #Grosvenor House
Banks Board Bureau to be set up in four months: Finmin

Mar 03, 2015

Banks Board Bureau to be set up in four months: Finmin

Last week, Finance Minister Arun Jaitley in his Budget speech had announced setting up the autonomous Banks Board Bureau for helping lenders raise capital for meeting expansion needs. #Economy #ThisisNext #Narendra Modi #SBI #Arun Jaitley #IDBI Bank #Basel III #Bhartiya Mahila Bank #department of financial services #Hasmukh Adhia #Gyan Sangam #Budget2015 #Economy Budget 2015 #Banks Board Bureau #Bank Investment Committee
Budget 2015: Draconian black money law won't work without one-time amnesty

Mar 02, 2015

Budget 2015: Draconian black money law won't work without one-time amnesty

The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean" #Arun Jaitley #Anti-money laundering #Black Money Amnesty Scheme #budget 2015 #Union Budget 2015 #Budget2015 #Illegal Wealth in Swiss Banks
Budget 2015: Jaitley adds sparkle to gold, encourages buying and selling of yellow metal

Mar 01, 2015

Budget 2015: Jaitley adds sparkle to gold, encourages buying and selling of yellow metal

Finance minister announces gold monetisation scheme and a sovereign gold bond apart from steps to boost recycling of the metal. #Gold #Reserve Bank of India #Budget #budget 2015 #Finance Budget 2015 #gold monetisation scheme #gold bond