Reserve Bank of India - India Central Bank News

India Central Bank News

WRAPUP 1-Long haul to recovery, say tough-talking officials Friday, September 10, 2010 @ 1:49PM* Volcker says U.S. economy will take years to recover
K. VENUGOPAL Friday, September 10, 2010 @ 1:48PMNew transaction-cost-reducing technology, a legal push and a changed attitude from bankers can put banking within the reach of all, and yet make it viable for those offering it.
'Less space for Reserve Bank to intervene now' Friday, September 10, 2010 @ 1:39PMThe Reserve Bank of India has less space for policy intervention with regard to the present interest rate regime in the wake of tepid credit growth witnessed in the economy along with the overall liquidity scenario.
Carney warns of multiple risks to recovery Friday, September 10, 2010 @ 1:35PMfuture interest rate hikes, given the growing and difficult challenges facing the world’s economic system.
Q&A: Usha Thorat, Deputy Governor, RBI Friday, September 10, 2010 @ 1:23PMFinancial inclusion can provide an identity for the poor and those in the unorganised sector and at the same time help lift their standard of living, says Usha Thorat , deputy governor of the Reserve Bank of India (RBI). As she nears the end of her 38-year tenure at RBI, Thorat looks back with satisfaction at her role in India’s most fundamental economic reforms.
OECD says economic slowdown may need to be re-thought Friday, September 10, 2010 @ 3:45AMThe Organisation for Economic Co-operation and Development has warned that extra measures might need to be taken by governments around the world to boost economies.
Bangladesh Central Bank Buys 10 Tons of Gold From IMF for $403 Million Thursday, September 9, 2010 @ 8:57PMThe International Monetary Fund, which set out a year ago to sell about 13 percent of its gold reserves, said today that the central bank of Bangladesh bought 10 metric tons of the precious metal for about $403 million.
IMF to sell 10 tons of gold to Bangladesh Thursday, September 9, 2010 @ 8:12PMWASHINGTON (AFP) - The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around US$403 million.
Japan, China, Thailand, Taiwan: Asia Local Bonds, Foreign-Exchange Preview Thursday, September 9, 2010 @ 5:59PMThe following events and economic reports may influence trading in Asia’s local bonds and currencies today. Bond yields and exchange rates are from the previous trading session unless stated otherwise.
Loan week, Sept 3-9 Thursday, September 9, 2010 @ 5:48PMA roundup of the latest syndicated loan market news.
Markets continue their good run Thursday, September 9, 2010 @ 6:27AMThe Nifty ended at 5640, up 32 points.
ECONOMIC SIGNALS-India cbank can afford to be less hawkish Thursday, September 9, 2010 @ 6:05AMBy Swati Bhat
Tokyo, Sydney upbeat; Shanghai ends lower Thursday, September 9, 2010 @ 5:46AMAsian stock indexes ended mostly higher Thursday, with exporter shares and trading houses leading Tokyo higher, but Chinese banks and property developers fell on worries Beijing would renew tightening measures in the real-estate market.
State Bank of India to reschedule aviation loans-chmn Thursday, September 9, 2010 @ 5:41AMMUMBAI, Sept 9 (Reuters) - State Bank of India plans to reschedule some loans given to the aviation sector, including the option of converting some of them into equity, chairman O.P. Bhatt said on Thursday.
PRECIOUS-Gold steadies as whiff of risk trade returns Thursday, September 9, 2010 @ 5:31AMPRECIOUS-Gold steadies as whiff of risk trade returns
India cbank sets coupon on 2013 floating rate bond Thursday, September 9, 2010 @ 5:14AMMUMBAI, Sept 9 (Reuters) - India's central bank said on Thursday it has set the coupon rate on the Floating Rate Bond maturing in 2013 at 6.91 percent for the year to Sept. 9, 2011.
India call money rate rises on weekend demand Thursday, September 9, 2010 @ 5:07AMMUMBAI, Sept 9 (Reuters) - Indian overnight cash rates rose on Thursday as banks tried to maintain excess balance to cover for the long weekend.
Nick Clegg speech: Horizon shift Thursday, September 9, 2010 @ 4:18AM"It falls to our political generation – and to this generation as a whole - to take the necessary steps now for a better, fairer future. Reform and change today is necessary if we want mobility and prosperity tomorrow. That’s the horizon shift we need. That’s what the Coalition Government is about."
Ten-Year Bonds Advance on Speculation India's Inflation Slowed Last Month Wednesday, September 8, 2010 @ 11:59PMIndia’s 10-year bonds gained for a third day, the longest winning streak in more than two months, before a report next week that economists forecast will show inflation slowed.
Times of India Mohammed drawing will never die: Danish cartoonist 4 hrs ago Wednesday, September 8, 2010 @ 9:23PMGerman Chancellor Angela Merkel has defended Danish cartoonist Kurt Westergaard, whose cartoons of the Prophet Muhammad caused anger in 2006. A depiction of Muhammad's turban as a fused bomb sparked global outrage when it was published in Denmark.
Where does the economy go from here? Wednesday, September 8, 2010 @ 8:20PMMadhavi Acharya-Tom Yew asked economists what the central bank is worried about – and where we go from here.
Move to free savings rate Wednesday, September 8, 2010 @ 5:18PMMumbai, Sept. 8: The interest rate on savings bank accounts — currently capped at 3.5 per cent — is likely to be freed.
Raj Nallari: More and Better Jobs: Are Fiscal Stimulus Packages Helping? Wednesday, September 8, 2010 @ 5:15PMThere is ground for concern that fiscal stimuli (and monetary easing) will not be able to prevent the economic crisis from having long-term negative effects on the global as well as national labor markets
FE Editorial : Pay them right Wednesday, September 8, 2010 @ 5:02PMRBI governor Duvvuri Subbarao's pitch for higher compensation for public sector bank employees-to establish a level-playing field with private sector banks-comes at a time when state-run banks are looking at another round of attrition when the central bank rolls out new licences.
Four new pvt bank licences likely in first lot Wednesday, September 8, 2010 @ 5:02PMWhile more than a dozen corporates and non-banking finance companies are keen on making a banking debut, the Reserve Bank of India may start off by handing out just four new banking licences, and that too, not all at once. Although the central bank will refer the applications of candidates to an external group, some key criteria for eligibility appear to be in place. With the central bank ...
Banks allowed to restructure loans for aviation sector Wednesday, September 8, 2010 @ 4:58PMThe Reserve Bank of India has allowed banks to restructure around Rs 50,000 crore exposure for the crisis-ridden aviation sector.
Hefty tax mop-up could ward off CRR hike Wednesday, September 8, 2010 @ 4:55PMRBI may not raise cash reserve ratio at its September 16 mid-quarter policy review as sluggish government spending and hefty tax payments will keep liquidity in the banking system tight.
Baby-size increase seen as swap spread narrows Wednesday, September 8, 2010 @ 4:54PMThe interest rate market and economists are on the same page: both expect Reserve Bank of India to tighten policy rates eight days from now in its preferred "baby step" style.
Hawk-eyed scrutiny of FX loans likely to go on Wednesday, September 8, 2010 @ 4:52PMThe central bank is unlikely to relax norms on borrowings from abroad even as raising money overseas is expected to gain momentum in the near term on the back of cheaper cost of funds and higher risk appetite of investors.
US gains, Portugal bond sale help European stocks Wednesday, September 8, 2010 @ 9:51AMGains on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday, though fears of a flare-up in the region's debt crisis lingered amid news that Greece's recession deepened in the second... Portugal - Greece - Wall Street - Business - Financial Services
US gains, Portugal bond sale help European stocks Wednesday, September 8, 2010 @ 9:47AMGains on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday, though fears of a flare-up in the region's debt crisis lingered amid news that...
Right Now More>> Wednesday, September 8, 2010 @ 9:44AMLONDON (AP) - Gains on Wall Street and a relatively successful Portuguese government debt sale helped Europe's stocks recover early losses Wednesday, though fears of a flare-up in the region's debt crisis lingered amid news that Greece's recession deepened in the second quarter.
Pakistan's response to floods mired in "doom and gloom" Wednesday, September 8, 2010 @ 8:57AMKARACHI (Reuters) - Pakistan, whose economy has been battered by the worst floods in its history, needs to abide by terms of an IMF bailout loan by enforcing fiscal austerity, the chances of which happening appear close to zero.
India OIS rates mostly steady; policy, data eyed Wednesday, September 8, 2010 @ 8:45AMMUMBAI, Sept 8 (Reuters) - Indian overnight indexed swap rates ended little changed in range-bound trade on Wednesday as investors stayed on the sidelines ahead of monetary policy review and key economic data next week.
Q+A - What went wrong at Kabulbank? Wednesday, September 8, 2010 @ 8:32AMAfghanistan's leading private bank is in turmoil after its top two directors stepped down last week amid unproven media allegations of corruption and property deals gone wrong triggering a run of withdrawals.
India bank loans prov down 0.39 pct as on Aug 27 - cbank Wednesday, September 8, 2010 @ 8:30AMMUMBAI, Sept 8 (Reuters) - Indian bank loans fell 0.39 percent to 33.5 trillion rupees in the fortnight to Aug. 27 and was down 0.17 percent from end-July, provisional central bank data showed on Wednesday.
Carney hikes rates, cites uncertainty Wednesday, September 8, 2010 @ 8:26AMBank of Canada governor leaves room to pause at next meeting following three straight increases in benchmark
European Markets Try to Brush Off Bank Worries Wednesday, September 8, 2010 @ 8:20AMMarkets on the Continent also got a lift from the strong demand at an auction for Portugal’s debt.
RBI sensitive to aviation sector: Usha Thorat Wednesday, September 8, 2010 @ 3:25AMMumbai, Sep 8 : Reserve Bank of India Deputy Governor Usha Thorat today said the Central Bank was sensitive to the requirement of the aviation sector, which is saddled with a huge debt and had sought RBI assistance for restructuring of its loans.
Karzai’s brother profits from Palm Jumeirah deal Wednesday, September 8, 2010 @ 3:12AMKabul Bank shareholder says 'nothing wrong' with Dubai property transaction.
A sweet heritage Wednesday, September 8, 2010 @ 3:06AMWith its rich maritime history and regional cuisine, Lisbon's Belem district is a tempting destination. David May reports.
Inflation creeps up to 4%; still manageable, says Tetangco Wednesday, September 8, 2010 @ 2:05AMINFLATION climbed to a three-month high in August as food and utility prices rose, adding pressure on the Bangko Sentral to increase borrowing costs. Consumer prices increased 4 percent from a year earlier, after a 3.9-percent gain in July, the National Statistics Office said Tuesday.
India's State-Run Banks Must Raise Salaries to Compete, Business Line Says Tuesday, September 7, 2010 @ 8:44PMIndia’s state-run banks must raise salaries of employees to help them compete with private lenders, the Hindu Business Line reported, citing Duvvuri Subbarao, governor of the nation’s central bank.
Daily Press Briefing - September 7, 2010 Tuesday, September 7, 2010 @ 8:03PMMR. CROWLEY: Yeah. And just came from the eighth floor where the Secretary swore in one of the truly good guys of the Foreign Service, Dan Smith, to be our new ambassador to Athens. And we’re all now conspiring to think of ways in which we can justify ...
RPT-RBI FOCUS-India cbank may retain hawkish stance, data eyed Tuesday, September 7, 2010 @ 6:59PM* RBI may maintain hawkish stance despite data
4. Critical for Malaysia to regain competitive edge Tuesday, September 7, 2010 @ 6:53PMPETALING JAYA: As Malaysia goes into overdrive to promote private investments, the trend towards further liberalisation, ease of doing business, minimal red tape and bureaucracy, and greater transparency is inevitable.
Rising rate woes for debt-laden firms Tuesday, September 7, 2010 @ 12:23PMThe uptrend in interest rates and slowdown fears could hurt profitability of companies with high-debt.
Strike disrupts banking services Tuesday, September 7, 2010 @ 12:16PMAgencies New Delhi, Sept 7: Bank employees owing allegiance to four Left-leaning unions today went on a strike protesting the proposed merger of the State Bank of Indore with parent SBI, disrupting normal banking operations in the country, a top union official said.
Dristi to felicitates teachers on Literacy day Tuesday, September 7, 2010 @ 11:47AMBy Our Staff Reporter Bhopal, Sept 7: Dristi, an Ngo is going to organise a felicitation ceremony for the teachers providing education to mentally challenged children, meritorious students and winners of painting competition on the occasion of world literacy day on Friday.
Normal life in Hubli unaffected by strike Tuesday, September 7, 2010 @ 11:46AMNormal life in city was not so affected with the nationwide strike called by the trade unions against the rising prices of essential and others on Tuesday.