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NBFC gold loans: RBI for stricter norms 2012-03-24 05:45:41
RBI also made it clear henceforth that, NBFCs should not grant any advance against bullion or primary gold and gold coins. Also, RBI observed that NBFCs who are predominantly engaged in lending against the collateral of gold jewellery have recorded...
Keywords: risk management measure, risk management measure, Muthoot Finance, volatility in the gold prices
Read MoreRBI waits and watches 2015-04-07 12:09:29
Reserve Bank of India kept interest rates on hold at 7.50%, choosing to wait longer to assess inflationary pressures before making its next move and to give banks more time to adjust lending rates to reflect previous rate cuts. The...
Keywords: Repo Rate, Repo Rate, Indian economy, CPI
Read MoreStock markets downward slope 2013-09-20 11:29:20
Stock markets today declined rapidly by 2.7 per cent soon subsequent to the Reserve Bank's advocating war policy announcement in which it moved up the repurchase agreement rate by 0.25 per cent. In fact, the stock market barometer BSE Sensex,...
Keywords: mid-quarter policy by RBI, NSE, Stock markets, Indian stock markets.
Read MoreRBI hints at another CRR cut 2012-02-22 07:32:10
The mid-quarter review of the monetary policy is scheduled for March 15 and it is widely expected that one more CRR cut can be on the anvil. Deputy Governor Subir Gokarn said the Reserve Bank will "consider" a further cut...
Keywords: liquidity adjustment facility, RBI hints, Reserve Bank, cash reserve ratio
Read MoreDeregulate diesel prices: RBI to Government 2012-01-25 06:50:34
While petrol prices are market-linked, the government decides the rates of LPG, kerosene and diesel, which usually results in a large budgetary expenditure on subsidies. The Reserve Bank today said the government should deregulate diesel prices in order to contain...
Keywords: fiscal slippages, Petroleum product prices, Cash Reserve Ratio, fiscal slippages
Read MoreState Bank of India slashes minimum lending by 0.4% 2015-09-29 12:45:41
As soon as the Reserve Bank reduced in repo rate, State Bank of India (SBI), the country’s largest lender, has cut minimum lending or base rate by 0.4% to 9.3% with effect from 5 October 2015. This has set a...
Keywords: home loans, SBI, Andhra Bank, SBI
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