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RBI sets new loan norms - 25 Dec 2010
The Reserve Bank of India (RBI) on Thursday set the new home loan norms..., added the apex bank. 'This could raise the chances of defaulters,' warned RBI... rate - RBI said that some borrowers might face difficulties when the loan reached

UCO Bank posts Rs.558 crore net profit - 08 May 2009
Kolkata, May 8 (IANS) City-based public sector bank UCO Bank posted a net... operations,' S.K. Goel, chairman and managing director of UCO Bank said...: 'We have submitted a proposal to the RBI (Reserve Bank of India - the apex bank

RBI asks people to be wary of unincorporated loan providers - 11 Aug 2009
New Delhi, Aug. 11 (ANI): Cautioning the loan seekers to be wary of dubious entities, the Reserve Bank of India (RBI) on Tuesday asked public to verify... registered with the Reserve Bank of India," it added.  The RBI also advised

Stop using muscle power for loan recovery - 07 Nov 2007
of loan offers with unwanted telephone calls and then force defaulters to pay... and regulation regarding loan recovery. Imposing the fine of Rs. 55 lakh to the Bank... agents. As per the guidelines of RBI and Indian Bank Association it’s

RBI issues fresh guidelines over recovery issues - 01 Dec 2007
and rude behaviour used by recovery agents. The Reserve Bank of India, RBI... restriction against any bank, RBI would take supervisory action against the bank...RBI issues fresh guidelines over recovery issues Dec 01:  Banks

Pak ambassador to Washington on tax defaulters list - 09 Aug 2009
Washington, Aug. 9 (ANI): A list released by the local government of Washington, D.C. has placed Pakistan's Ambassador Husain Haqqani among tax defaulters for failing to pay tax on an apartment he owned in the US capital. A notice

RBI hikes bank rate to 350 bps to manage liquidity - 14 Feb 2012
The Reserve Bank of India (RBI), Monday announced to hike bank rate by 350... technical adjustment, as per Master Bank announced here. The new rate would be implemented immediately from February 13, stated RBI while declaring this new

UCO Bank net up by 12 percent in Q4 - 05 May 2012
Kolkata, May 5 (IANS) Public sector UCO Bank Saturday said it has registered..., as against Rs 94 crore during same period last year," UCO Bank chairman and managing...;The total income of the Kolkata-headquartered bank during the fourth quarter under

UCO Bank focusing on lending to retail, SME and farm sector - 26 Jun 2012
Kolkata, June 26 (IANS) UCO Bank is focusing on lending to retail, SME and farm..., the bank's chairman said Tuesday.Bank's chairman and managing director Arun Kaul also... said.The bank now has 60 percent of its advances coming from the corporate

UCO Bank may cut lending rates by 100 basis points - 16 Dec 2008
Kolkata, Dec 16 (IANS) State-owned UCO Bank may cut its benchmark prime lending... rates, he said.   At present, UCO Bank's BPLR is at 13.75 percent... from Jan 1,' S.K. Goel, chairman and managing director of the bank, told reporters

UCO Bank net profit rises over 100 percent - 21 Jan 2009
Kolkata, Jan 21 (IANS) The city-based UCO Bank has posted a net profit... (for the nine months April-December) of the bank in the current financial year stood at Rs.455.17 crore (Rs.4.55 billion),' UCO Bank chairman and managing director

RBI hikes Repo Rates by 0.25 percent, deregulates savings bank deposit rates - 25 Oct 2011
Mumbai, Oct.25 (ANI): The Reserve Bank of India (RBI) on Tuesday announced that it would be deregulating the savings bank deposit interest rate with immediate.... However, the RBI said that banks are free to determine their savings bank

Robbers loot Uco Bank of Rs.250,000 - 09 Dec 2008
the heist around 3.30 p.m. in the UCO Bank branch in the busy market place... in cash from a Delhi bank that had no security system or a guard for protection... posted at the bank,' said a police officer.   The robbers, the police

SBI extends special loan scheme till Sept - 14 Apr 2009
Bank of India (RBI)’s appeal to cut the loan rates following several... crore per month in home loan segment. In February, the bank announced a special...The State Bank of India (SBI) - India's largest lender - has extended

RBI removes penalty on prepayment of home loans - 05 Jun 2012
Mumbai, June 5 (IANS) The Reserve Bank of India (RBI) Tuesday announced removal... rates.In a notification, the central bank said that it had been observed that home loan borrowers across the board resented foreclosure charges levied by banks

RBI cuts repo, reverse repo rate by 0.25% - 21 Apr 2009
to reduce the loan interest rates. The apex bank has also appealed the banks...Revealing the annual monetary policy for the year 2009-10, the Reserve Bank of India (RBI) Tuesday announced another round of cut in short-term lending (repo

RBI cuts repo rate by 50 bps; loans to go cheaper - 17 Apr 2012
In a move to boost growth in rocketing speed, the Reserve Bank of India (RBI) on Tuesday cut the Repo rate - the rate at which RBI lends money... with the central bank - unchanged to 4.75%, means banks have enough money to lend

CII welcomes RBI measures to improve liquidity - 16 Nov 2008
Industry (CII) Sunday welcomed the Reserve Bank of India's (RBI) measures to ease... the RBI's decision to extend Rs.20 billion to Small Industries Bank of India... by the credit crunch.  The apex bank has also given Rs.10 billion loan

Banks to slash deposit, interest loan rates by 0.50-0.75% - 05 Nov 2008
Bank of India (SBI), Bank of Baroda (BoB), Central Bank of India (CBI) and UCO... bps to avoid the dilution of their profit. Besides, SBI, CBI, BoB and UCO bank... have also asked the Central bank to relax bad loan norms of real estate loans

Three states to auction Rs.2,850 crore loan - 05 Apr 2012
, the Reserve Bank of India (RBI) said Thursday. The RBI will conduct the auction..." maturing in 2022.  Andhra Pradesh will auction the loan worth a face value... be submitted in electronic format on the Negotiated Dealing System (NDS)," RBI said

FBR chief figures in report on Rs9bn Pakistan bank loan scam - 08 Apr 2011
to the Supreme Court on the nine-billion-rupee Bank of Punjab (BoP) loan scam. "Salman Siddique, as one of the two directors of the bank, approved the unlawful... into irregularities in the bank because the court was not satisfied with the investigations

Reserve Bank of India raises key rates by 25 basis points, auto, home loan EMIs to go up - 16 Sep 2011
Mumbai, Sep.16 (ANI): The Reserve Bank of India (RBI) on Friday raised key..., the RBI said short-term lending (or repo) rate at which banks borrow from the RBI... at which banks park their funds with the RBI to 7.25 per cent.  Headline

PML-N, PML-Q play blame-game on SBP bank loan scandal - 07 Dec 2009
Sharif do not need any clearance certificate from State Bank of Pakistan (SBP), as the SBP list regarding bank loan written-off contains the name of Pervaiz Elahi... bank loans within a week, The Nation reports. Earlier, presenting his own

RBI reviews CRR, SLR and repo rates - 01 Nov 2008
, the Reserve Bank of India (RBI) on Saturday (Nov 01) has announced to make further... with the apex bank; Statutory Liquidity Ratio (SLR), the minimum quantum of amount banks need to maintain in RBI deposits in the form of cash, gold or securities

RBI set to cap Bank's large Exposure at 25 per cent of Tier 1 Capital - 29 Mar 2015
The Reserve Bank of India is all set to cap banks' large exposure (LE) to each... by RBI. According to media reports, the current single and borrower group exposure (loan) limits are placed at 15 per cent and 40 per cent respectively

SBI cuts PLR by 0.75%; loan rates may dip - 07 Nov 2008
After the easing of monetary policy by the Reserve Bank of India (RBI) to make..., the sources said. RBI, India’s central bank, on October 31 had announced... liquidity, several banks including country’s largest lending bank, State Bank

Eunuchs in Pak want four percent commission like Indian counterparts for loan recovery - 26 Dec 2009
the list we would rush to the houses of these defaulters with drums... the loans from the bank defaulters, then how can we do so?" Saniya said. She... to the government to use the services of eunuchs to recover outstanding loan

RBI hikes CRR by 25 bps, repo rate by 50 bps - 29 Jul 2008
Giving the first priority to check inflation, the Reserve Bank of India, RBI... rate- the short-term rate at which RBI lends cash to banks- by 50 basis point... have to park with the Central bank- by 25 basis points (bps) from 8.75% to 9

RBI hikes key rates by 0.25 percent to curb inflation - 26 Jan 2011
Mumbai, Jan 25 (ANI): The Reserve Bank of India (RBI) on Tuesday raised... policy review here, the RBI said that it has increased its repo rate to 6.5 per cent... from 5.25 per cent. The repo rate is the rate at which RBI lends

RBI asks banks to cut rates - 28 Feb 2009
, also urged the apex bank not to announce another round of cut in loan and deposit...The Reserve Bank of India in a closed-door meeting on Friday nudged the banks... made by the Central Bank, the private sector banks have so far not reduced

Mukherjee to meet bank CEOs today - 03 Feb 2009
the public sector bank CEOs here today to evaluate third quarter performance, loan disbursal and the impact of the stimulus packages announced by the government... in the wake of the third quarterly review of monetary policy by the Reserve Bank

RBI not to interfere in bank service charges - 26 Apr 2012
Hyderabad, April 26 (IANS) The Reserve Bank of India (RBI) will not stop banks... and no bank can refuse opening an account. The RBI recently asked banks to devise.... The central bank is only asking banks to bring transparency in what

HDFC cuts home loan rate by 50bps - 25 Mar 2009
packages for the new and existing customers as the Reserve Bank of India (RBI) had...Following the lines of LIC Housing Finance (LICHF) and the State Bank of India... market player in home loan sector with shares around 40% of new loans every year

Chidambaram asks grant of Rs.10K crore for farmer's loan waiver - 13 Mar 2008
, who had taken the loan before March 31, 2007 and were being declared defaulters...Initializing the step of waiving off hefty Rs.60,000 crore farmer’s loan... to approve the supplementary grant of Rs.10,000 crore as a part of loan write-off

Bank loan forms distribution cause stampede - 01 Jan 2008
Aurangabad, July 10 (ANI): Police in Aurangabad baton charged a mob after a stampede broke out during the distribution of bank loan forms.  Thousands... Ingle, a resident.  The organization stopped the sale of loan forms seeing

RBI raises CRR by 0.25 percent - 29 Apr 2008
granting loan. RBI has also set the money supply to 16.5-17.0 for the year 2008-09... Bank of India on Tuesday has kept the entire official rate unchanged except Cash Reserve Ratio to tame the inflation stroke. RBI has hike the CRR, the cash

India will recover after global situation improves: RBI chief - 14 May 2009
Bangalore, May 14 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao... starts,' Subbarao told the industry captains.    According to the RBI chief... to the Rs.700 billion (Rs.70,000 crore) farm loan waiver package, the national rural

World Bank refuses 102 million dollar loan to Pak - 29 Jul 2009
Lahore, July 29 (ANI): The World Bank (WB) has refused to grant a loan of 102... of loan by the World Bank. According to the Daily Times, the amount was supposed... of a 100 million dollar loan for the Higher Education Commission until 2010. (ANI

World Bank approves $500 mn loan for Pakistan - 27 Mar 2009
Washington, March 27 (IANS) The World Bank has approved a $500-million interest-free loan to help stablise Pakistan's economy, Geo TV reported Friday. ... World Bank said in a statement.    'The rise in international oil

Chidambaram asks banks to cut home loan rates - 19 Dec 2008
Bank of India’s move which has injected enough liquidity in the system... said. With a view to run the economic system smoothly, the apex bank has pumped...) has fixed 8.50% interest rate on up to Rs. 5 lakh of loan and 9.25% on Rs.5 to 20

World Bank offers Bihar $100 mn loan - 09 Jul 2012
New Delhi, July 9 (IANS) The World Bank Monday offered a $100 million loan for a rural livelihood project in Bihar that is expected to benefit 1.5 million... of Bihar and the World Bank signed the loan agreement here. The additional

Bank attaches school for loan default in Maharashtra - 13 Jul 2012
bank."The AES had mortgaged the school building and premises against the loan... and higher secondary school students hangs in balance after a bank attached the school building and premises for defaulting on a loan repayment, an official said.Owned

Chidambaram says RBI to release Rs 25,000cr for banks immediately - 15 Oct 2008
that the Reserve Bank of India will immediately release Rs 25,000 crore to commercial banks, cooperative banks and RRBs under the farm loan waiver scheme.  He also..., reversing the two-day winning streak.  Chidambaram, who along with RBI

Allahabad Bank eyes 20 percent loan growth - 01 Jan 2008
Kolkata, Oct 3 (IANS) The city-based public sector Allahabad Bank is targeting a growth of 20 percent in its loan portfolio and 17 percent in deposit... loan growth and 17 percent deposit growth. The loan growth will be sourced from

Allahabad Bank eyes 20 percent loan growth - 06 Oct 2008
Kolkata, Oct 3 (IANS) The city-based public sector Allahabad Bank is targeting a growth of 20 percent in its loan portfolio and 17 percent in deposit... loan growth and 17 percent deposit growth. The loan growth will be sourced from

India Inc. welcomes RBI move, but banks not for immediate rate cuts - 06 Dec 2008
New Delhi, Dec 6 (IANS) Hours after the Reserve Bank of India (RBI) slashed key... interest on housing loan by 1.5 percent.   Punjab National Bank (PNB... chairman of HDFC Bank also welcomed the RBI decision.  He said even

Scope to reduce bank lending rates: RBI chief - 14 May 2009
in the current economic scenario, Reserve Bank of India (RBI) Governor D. Subbarao... initiatives of the RBI, there is considerable scope for banks to reduce...,' the central bank chief added.    Monetary transmission deals

RBI general manager joins CBI's bank security, fraud cell - 26 Dec 2008
New Delhi, Dec 26 (IANS) The general manager of the Reserve Bank of India (RBI) has joined the Central Bureau of Investigation's (CBI) Bank Security and Frauds... offences. 'General Manager of RBI J.L. Negi has joined the CBI in Bank Security

Scope to reduce bank lending rates: RBI chief - 14 May 2009
Bangalore, May 13 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao late... initiatives of the RBI, there is considerable scope for banks to reduce the lending...,' the central bank chief added.    Monetary transmission deals with the policy

Paying bank loan doesn't absolve one of fraud: apex court - 11 Apr 2009
of having availed a bank loan through cheating, forgery or criminal conspiracy with bank officials would be liable to be prosecuted even after paying the loan... of taking the bank loan in collusion with its officials as she had paid back

RBI extends banking facilities to remote areas of Northeast - 17 Jan 2012
Agartala, Jan 17 (ANI): The Reserve Bank of India, recently conducted... to the financial outreach programme that has been initiated by the RBI. They villagers... Bank, State Bank, NABARD, United Bank of India and Tripura State Cooperative Bank

RBI extends banking facilities to remote areas of Northeast - 17 Jan 2012
Agartala, Jan 17 (ANI): The Reserve Bank of India, recently conducted... to the financial outreach programme that has been initiated by the RBI. They villagers... Bank, State Bank, NABARD, United Bank of India and Tripura State Cooperative Bank

RBI to provide liquidity supportto housing, export sectors - 11 Dec 2008
.  The RBI also decided to provide a refinance facility to the EXIM Bank...Kolkata, Dec.11 (ANI): The Central Board of the Reserve Bank of India today... meeting held in Kolkata, the RBI decided to provide a refinance facility of Rs

RBI to provide liquidity supportto housing, export sectors - 11 Dec 2008
.  The RBI also decided to provide a refinance facility to the EXIM Bank...Kolkata, Dec.11 (ANI): The Central Board of the Reserve Bank of India today... meeting held in Kolkata, the RBI decided to provide a refinance facility of Rs

Bank stocks tank as hopes of RBI rate-cut fade away - 18 Jun 2012
Mumbai, June 18 (IANS) Bank stocks tanked Monday as hopes faded away of a rate-cut by the Reserve Bank of India (RBI) in its mid-quarter review of monetary policy 2012-13.The RBI kept key lending rates unchanged to control high inflation

World Bank offers loan to India for controlling AIDS - 06 Jul 2007
Untitled Document June 06: The World Bank yesterday offers India a loan worth $250 million for the National AIDS Control Programme. The programme... World Bank and International donors has made it a mission like other health

RBI hikes repo rate by 25 bps - 12 Jun 2008
The Reserve Bank of India (RBI) on Wednesday evening has announced to hike the repo rate, the rate at which the banks borrow from RBI, by 0.25 percent from... for the next step of RBI as the Bank is near for its first quarter review

RBI issues guidelines for trading in currency future - 07 Aug 2008
The Reserve Bank of India (RBI), the master bank and Security and Exchange... the detail guidelines for exchange-traded currency futures. Now banks will need RBI nod... (Reserve Bank) Directions, 2008- that has come into effect immediately on August 06

Reserve Bank of India announces monetary stimulus - 04 Mar 2009
New Delhi, March 4 (ANI): Reserve Bank of India, indicating a further cut in home, auto and other loan rates, on Wednesday unveiled a fresh monetary... funds from banks by half a per cent.  RBI cut Repo (overnight lending rate

Icelandic bank taken over as Russia offers loan - 07 Oct 2008
the operations of the Landsbanki bank Tuesday under the provisions of emergency laws passed late Monday, as Russia offered the country a massive loan to aid its...;  The bank's operations were to be open for business 'as usual,' the agency

India Inc decorates the Forbes list - 07 Apr 2007
, Satyam Computer Services 1874th, Bajaj Auto 1916th, UCO Bank 1931th, Syndicate..., included 34 business companies of India in its index list of worldâ??s top business companies, last week. In the list, Oil and Natural Gas Corporation leads

India Inc decorates the Forbes list - 07 Apr 2007
Computer Services 1874th, Bajaj Auto 1916th, UCO Bank 1931th, Syndicate Bank..., included 34 business companies of India in its index list of worldâ??s top business companies, last week. In the list, Oil and Natural Gas Corporation leads

$400-mn World Bank loan for India's small, medium enterprises - 01 May 2009
Washington, May 1 (IANS) The World Bank has approved a $400 million additional financing loan to the Small Industries Development Bank of India (SIDBI... which the World Bank had approved in November 2004, the bank announced Thursday

Bankers ask RBI to ease liquidity - 09 Jul 2012
Mumbai, July 9 (IANS) Top bankers Monday urged the Reserve Bank of India (RBI..., Axis Bank and Punjab National Bank met RBI Deputy Governor Subir Gokarn... get tighter, the RBI should come in there," Chairman of the Indian Bank

US bank robber arrested after being convinced to take loan - 17 Sep 2010
to take a loan instead. Mark Smith, 59, had allegedly told bank workers...;But the bank manager somehow managed to convince him to take a loan from the branch...Melbourne, Sept 17 (ANI): A robber in the US, who set out to rob a bank to ease

Loan repayments are going well:British bank - 14 Oct 2008
London, Oct 14 (DPA) Britain's nationalised mortgage lender Northern Rock said Tuesday it was 'well ahead' of its government loan repayment target, having paid... from the Bank of England. Government-appointed Northern Rock chief executive

RBI cuts CRR by 50bps; suggests to deregulate diesel prices - 24 Jan 2012
Bank of India today cut the Cash Reserve Ratio (CRR) by 50 basis points (0.5... Bank. This move of the master bank would ease the liquidity crisis problem... liquidity to lend. The lender banks have responded over the move of the RBI

World Bank approves 4.3 billion dollar loan to India for infrastructure projects - 23 Sep 2009
Washington, Sep 23(ANI): The World Bank on Tuesday approved a 4.3 billion dollars loan for India to finance infrastructure projects, to help... strengthen the economic recovery from the global financial crisis. The loan

RBI to bring down charges on cheque collection - 12 Sep 2008
In order to provide better service to customers, the Reserve Bank of India (RBI... the outstations cheques and all kinds of electronic clearance services. The bank... for this vary from bank to bank with no uniformity. But after implementing this new

Asian Development Bank provides 67.6 million dollar loan to Bihar agribusiness - 10 Jul 2012
New Delhi, July 10 (ANI): Asian Development Bank (ADB) and the Government of India have signed a 67.6 million dollar loan that will help improve physical... to the loan were Venu Rajamony, Joint Secretary (Multilateral Institutions

Asian couple accused of Kiwi bank loan blunder have split - 26 May 2009
of an embarrassing multimillion-dollar bank loan blunder appear to have parted... dollar 10 million was accidentally deposited in Gao's Westpac bank account. The bank gaffe occurred when a decimal point was omitted from a loan

No alteration in key rates: RBI - 29 Jan 2008
Y V Reddy, Governor, RBI presented the third quarter review of Annual Statement...). The Reserve Bank of India has kept the bank rate unchanged at 6.0 per cent. While... taken by the RBI of keeping the interest rates intact Finance Minister P Chidambaram

Rural Development Ministry signs $1 billion loan agreement with World Bank - 18 Jul 2011
with the World Bank here on Monday for a $1 billion loan to implement a National... of their nutritional and financial needs. "Today, we are signing this loan agreement. This is the second loan agreement to be signed between the World Bank and the Ministry

Denied bank loan, Kerala nursing student ends life - 30 Apr 2012
the denial of an education loan by a leading private sector bank near here. An endless wait for a bank loan for pursuing her dream profession proved a nightmare... in sanctioning a bank loan for my daughter. Nothing happened and now, my daughter

RBI to probe Citibank scam in Gurgaon - 01 Jan 2011
Gurgaon, Jan.1 (ANI): The Reserve Bank of India (RBI) has begun a probe into the Rs. 300 crore scam that took place at the Gurgaon branch of Citibank. RBI... and Bonanza in connection with the scam. Shivraj Puri, a bank executive

Ahmedabad's first co-operative bank in liquidity crisis - 14 May 2009
;The bank will seek help from the Reserve Bank of India (RBI) to avoid closing down...Ahmedabad, May 13 (IANS) The city's first co-operative bank - Ahmedabad People's Cooperative Bank - is caught in a cash crunch and will have to seek

$500 mn World Bank loan for India's Power Grid Corporation - 22 Oct 2008
Washington, Oct 22 (IANS) The World Bank has approved a $400 million loan... utility. The loan, from the International Bank for Reconstruction..., the Bank said.  This is the fifth direct loan the Bank has made

RBI hikes CRR, Repo rate by 50 bps - 25 Jun 2008
In the continuous war against the inflation, the Reserve Bank of India (RBI... at which banks borrow from RBI and Cash Reserve Ratio (CRR), a ratio of customer deposits, banks set aside as cash with the apex bank, by 50 basis points in both

RBI further cuts key rates by 50 bps - 05 Mar 2009
Bank of India (RBI on Wednesday announced another round of cut in key rates... their money in Central Bank and nudge them to lend more. Moreover, this move of RBI... that RBI might announce another round of cut soon to boost the growth rate

RBI assures more steps to stimulate growth - 11 Dec 2008
Kolkata, Dec 11 (IANS) The central board of the Reserve Bank of India (RBI) Thursday decided to provide refinance facility to the National Housing Bank and Export-Import Bank as part its measures to boost the ailing economy. 'It has

RBI waives inter-bank ATM transaction fee - 06 Dec 2007
RBI waives inter-bank ATM transaction fee Dec 06: Giving a huge relief... Technology (IDRBT), a subsidiary of the Reserve Bank of India has decided..., IDRBT, the technical arm of RBI has waived off the RBI’s transactional charges

China to get 710 million dollar loan from World Bank for quake recovery - 13 Feb 2009
from the World Bank as a loan to help rebuild its earthquake-hit areas. According to reports, the loan will be used to finance infrastructure, health..., the bank said. The Sichuan provincial government has estimated post-quake

'There is no concern of capital inflows' : RBI Governor - 10 Dec 2009
Kolkata, Dec 10 (ANI): The Reserve Bank of India (RBI) Governor D Subbarao... with the reporters here. Subbarao's statement came a day after the central bank...;On Wednesday, the RBI announced that it would withdraw from Jan. 1 some concessions

RBI announces steps to revive rupee - 25 Jun 2012
Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) Monday announced... and the economy.The Reserve Bank of India said in a statement that it has taken measures... and/or fresh Rupee capital expenditure under the approval route, the RBI said

RBI will intervene if inflows turn lumpy: Subbarao - 15 Oct 2010
Chandigarh, Oct 15 (ANI): Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday said the central bank will intervene in the forex market if inflows turn lumpy and volatile. The RBI had earlier on Thursday bought

RBI to phase out Rs 500 notes of 1996 series - 29 Aug 2008
the country in the form of ‘fake currencies’, the Reserve Bank of India (RBI) on Thursday released a press note to phase out all the Rs.500 notes... a 22-page master circular to all banks, the apex bank has directed that once

Cabinet infuses Rs 3,800 cr in three banks to raise capital adequacy - 11 Feb 2009
infusion into state-run lenders - UCO Bank, Central Bank of India and Vijaya... Central Bank of India will get Rs 1,400 crore, while UCO Bank and Vijaya Bank... of India currently stands at 80.20 per cent, UCO Bank 75.98 per cent, while in Vijaya

World Bank signs loan agreement worth 975 million dollars with India - 27 Oct 2011
Washington, Oct 27(ANI): The World Bank today signed a 975 million dollar loan... on behalf of the World Bank.  The Eastern Dedicated Freight Corridor Project (EDFC...) and Ministry of Railways to best utilize heavy haul freight systems.  World Bank

State Bank of India sets base rate for lending at 7.5 percent per annum - 30 Jun 2010
Mumbai, June 30 (ANI): The State Bank of India (SBI) has set its base rate for lending at 7.5 per cent per annum, after the Reserve Bank of India (RBI... Management Committee of the State Bank of India that we should pitch somewhere

RBI may revise economic growth projection downwards - 11 Dec 2008
Kolkata, Dec 10 (IANS) Reserve Bank of India (RBI) Governor D. Subbarao said here Wednesday that the country's central bank may revise downwards the economic...;  The apex bank projected gross domestic product (GDP) growth rate

RBI official falls to death from office building - 01 Jan 2008
Mumbai, Oct 1 (IANS) A senior official of the Reserve Bank of India (RBI) fell..., a bank official said. The deceased, Sushad K. Patnaik, aged around 53, was the deputy general manager - Inspections, with the apex bank.  

RBI official falls to death from office building - 06 Oct 2008
Mumbai, Oct 1 (IANS) A senior official of the Reserve Bank of India (RBI) fell..., a bank official said. The deceased, Sushad K. Patnaik, aged around 53, was the deputy general manager - Inspections, with the apex bank.  

Now, 'Ground Zero' mosque developer sued by bank over unpaid loan - 18 Oct 2010
New York, Oct 18 (ANI): Valley National Bank is suing the developer..., seeking over 95,778 dollars interest for an unpaid loan. The New York Post... a 100,000-dollar line of credit, guaranteed by him from the bank in 2008

RBI mulling doubling coins: Pranab - 31 Mar 2012
the Reserve Bank of India (RBI) plans to double the existing number of coins.... Keeping this in mind, the RBI is mulling to double the number of coins from... approved by the RBI will be incorporated by the end of next year. "The board

Post office bank proposal awaits RBI nod - 09 Jul 2012
from RBI on our proposal to float post office bank," Pilot told reporters here.The...Chennai, July 9 (IANS) The government is awaiting the Reserve Bank of India's... into a bank, Sachin Pilot, union minister of state for communications

RBI cuts repo, reverse repo rates by 25 bps - 21 Apr 2009
Mumbai, Apr 21 (ANI): The Reserve Bank of India (RBI) revealed the annual... stands at 4.75 per cent. The RBI has said that there is scope for banks...;Since October last year, the RBI has cut its repo rate by 4 percent

Government to set up inflation target, RBI to implement - 07 Mar 2014
that government has the right set up an inflation target while the Reserve Bank of India's (RBI) role is to implement the decision.The comment by Chidambaram comes after a RBI panel in January proposed moving to an inflation target of 4

RBI raises policy rates by 50 basis points - 03 May 2011
New Delhi, May 3 (ANI): Reserve Bank of India (RBI) on Tuesday today raised...;The RBI has also increased the saving bank rate by 50 basis points to four per... repo rate has been raised to 6.25 per cent. However, the RBI has kept the Cash

RBI steps in to control rupee slide - 10 May 2012
Mumbai, May 10 (IANS) The Reserve Bank of India (RBI) Thursday asked exporters... to the Exchange Earner's Foreign Currency (EEFC) account, the central bank directed exporters...," the RBI said in the circular.  This process has to be completed within

RBI selects Karnataka to introduce course on financial sector - 14 May 2009
', the Reserve Bank of India (RBI) has decided to introduce financial sector issues... for the pilot project. The plan is part of the central bank's platinum jubilee celebrations.    'As an enduring legacy of the RBI which completes 75 years

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