Mutual funds specialising in Indian stocks account for 25 of the top 30 performers out of more than 3,400 funds available for sale in the UK for the first nine months of 2014
As part of the OMOs, the RBI will sell government securities maturing in 2017 (bearing interest rate of 8.07 per cent), 2021 (8.79 per cent), 2026 (8.33 per cent) and 2027 (8.28 per cent).<br />
The move by the RBI reflects concerns that companies which are building large trading positions in debt and currency markets could pose risks to financial market stability
In an email to bank officers and staff, he hailed their contribution in "successfully" rolling out the scheme but added a word of caution against slackening.<br />
In January, a Reserve Bank of India panel headed by deputy bank governor Urjit Patel recommended a policy framework that would lead to 6 percent consumer price inflation by 2016.<br />
Even though the economic and business confidence indicators suggest a recovery in the economy, bank credit growth numbers do not reflect this optimism
The WPI inflation dropped to a 5-year low of 3.74 per cent in August, while the retail inflation stood at 7.8 per cent.<br />
India's banking system is dominated by state-run banks, which control 70 percent of the assets of the industry and has over 90 percent of the total bad loans of the banking system emerging from their balance sheets
The bank has already done pilot projects in Mumbai and Delhi and will soon roll out in other parts.
This is is seen as a move to check the kind of frauds suspected to have been committed at Dena Bank and OBC.
In the previous week, the reserves had fallen by $101.3 million to $315.596 billion
The state-owned banks reported stressed assets of around 12 per cent in 2013-14, versus around 4 per cent of private banks and 10 per cent for the banking system,
The RBI governor, labelled as an "inflation warrior" for keeping the rates high too long, had earlier said that the RBI is not desirous of keeping the rates high and wants inflation number to come down.<br />
The RBI kept its key policy repo rate unchanged at 8.0 percent on Tuesday.<br />
Jaitley can use an array of fiscal tools against inflation while Rajan has only one blunt instrument called monetary policy at his command
The RBI is in the wait and watch mode and would be closely monitoring the developments taking place especially on the inflation front
Banks have also been asked not to seek fresh documents if an existing KYC compliant customer of a bank desires to open another account in the bank.<br />
Today with the RBI deciding to keep the repo rate unchanged at 8 per cent in the fourth bi-monthly monetary policy, the interest-rate-wallahs will be at it again.
Though everyone can open deposit accounts in the bank, but 'predominantly' loans were given to women, as empowerment happens through them
Talking about the norms for non-cooperative defaulters, Rajan said the guidelines have been formulated to tackle those borrowers who resist repaying at every corner and hold up the entire repayment process.<br />
We track the latest updates as the RBI is set to announce its bi-monthly monetary policy decision today.
The central bank it its fourth bi-monthly policy review cautioned that there are upside risks to food inflation, despite the current softening trend
The RBI may opt to lower the statutory liquidity ratio (SLR), the portion of funds banks need to invest in government bonds.
The apex court's verdict could stoke higher power prices and thus limit the scope of the RBI to cut interest rates.
The government is already providing Rs 1 lakh personal accident cover for each bank account being opened under the scheme and the cover is being provided by private sector non-life insurance company HDFC Ergo.
The Supreme Court on September 25 cancelled the allocation of 214 coal blocks made since 1993, impacting at least 11 corporate groups like JSW Steel and Hindalco.<br />
RBI attaches great deal of value to financial inclusion.<br />
Under the scheme, the first major policy announced by the Modi government since coming to power, accounts holders are given a free debit card and an overdraft of Rs 5,000, provided they manage to show some transaction within six months.<br />
The Jan Dhan scheme was announced by Prime Minister Narendra Modi during his Independence Day address and was formally launched on August 28.<br />
The RBI will unveil its fourth bi-monthly policy on September 30.<br />