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Banks loans to get cheaper from today on PLR cuts
Jan 01, 2009 at 09:13 | Source: CNBC-TV18
Starting today your bank loans will become cheaper, as most public and private sector banks have cut their prime lending rates for both existing and new customers. However, even the deposit rates have been cut, which means you earn less on your fixed deposits.
CNBC-TV18 poll sees FY '09 GDP growth in 6.5-7% range
Dec 31, 2008 at 16:22 | Source: CNBC-TV18
In a CNBC-TV18 poll, as much as 75% of the respondents feel GDP growth for FY2009 would be between 6.5% and 7%. When questioned about growth rate for FY2010, 84% respondents said the growth rate would be under 5%.
Cos defer advance tax, use funds for biz; IT not amused
Dec 12, 2008 at 21:01 | Source: CNBC-TV18
The Income Tax Department of Mumbai is witnessing an alarming trend. A large number of corporates are deferring their advance tax payment and the tax deducted at source is not being paid on time and instead is being being used for businesses purposes.
Banks to delay rate cuts on higher deposit raising costs
Dec 08, 2008 at 20:54 | Source: CNBC -TV18
A day after the RBI signaled lower rates, Union Bank announced a 75 bps cut in its PLR, but a majority of the banks are not going to follow the RBI immediately. They say they will wait for a couple of weeks. CNBC-TV18's Nupur Acharya and Vivin Mathew report that deposits raised at a higher cost is postponing the rate cut decision.
SMEs ask bankers to relax rules; may be obliged
Nov 26, 2008 at 18:42 | Source: CNBC-TV18
Bankers are rushing to the aid of SMEs. The SMEs present bankers a list of demands to get the growth engine of the economy back on track. Over a dozen representatives of SMEs met the Indian Bank Association (IBA) today to share their concerns about availability of credit.
SMEs may ask bankers to up interest subsidy at Nov 26 meet
Nov 26, 2008 at 09:24 | Source: CNBC-TV18
Representatives of the micro, small and medium enterprises will hold a meeting with the bankers to brief them about their problems. CNBC-TV18 has learnt that enterprises will demand an increase in the interest subsidy for up to three years. Currently, the interest subsidy for exporters is only till March 2009.

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Banks loans to get cheaper from today on PLR cuts
CNBC-TV18 poll sees FY '09 GDP growth in 6.5-7% range
Cos defer advance tax, use funds for biz; IT not amused
SMEs ask bankers to relax rules; may be obliged
SMEs may ask bankers to up interest subsidy at Nov 26 meet
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India Forex Reserves $290 Billion May 18; Down $1.80 Billion On Week
May 18 Change 2012 Over Week Over Year Foreign Currency $256,117.2 -$1,742.4 -$21,084.6 Gold $26,617.9 -- $2,827.4 SDRs $4,399.3 -$35.5 -$186.1 Reserve With IMF $2,866.1 -$23.6 -$91.3 TOTAL $290,000.5 -$1,801.5 -$18,534.6 -By Nupur Acharya, Dow ...
May 25, 2012 at 11:46 | Source: NASDAQ
UPDATE: State Bank Of India's 4Q Net Profit Tops Forecast
Its gross bad loans rose to 4.44% of total loans in the past quarter, compared with 3.28% a year earlier. -By Nupur Acharya; Dow Jones Newswires; +91-22-61456117; nupur.acharya@dowjones.com
May 18, 2012 at 10:28 | Source: Smart Money
India Forex Reserves $291.802 Billion As Of May 11; Down $1.371 Billion On Week
11 Change 2012 Over Week Over Year Foreign Currency $257,859.6 -$1,329.0 -$18,283.3 Gold $26,617.9 -- $2,827.4 SDRs $4,434.8 -$25.6 -$160.9 Reserve With IMF $2,889.7 -$16.7 -$74.4 TOTAL $291,802.0 -$1,371.3 -$15,691.2 -By Nupur Acharya ...
May 18, 2012 at 11:40 | Source: NASDAQ
Citigroup Inc. : Citibank India Restores Credit Card Focus As Spending Grows
Citigroup's India unit aims for 20% growth in credit cards business --Plans to acquire 1 million new customers in 2-3 years By Nupur Acharya Of Citigroup Inc. (C) is planning to expand its Indian consumer banking operations by ramping up its credit card ...
May 25, 2012 at 17:29 | Source: 4-traders (press release)
Punjab National Bank Jan-March Net Rises 19% To INR14.24 Billion
This led to a sharp 41% jump in the bank's provisions against bad loans and other contingencies to INR10.27 billion. --By Nupur Acharya, Dow Jones Newswires; +91-22-61456117; nupur.acharya@dowjones.com
May 9, 2012 at 08:44 | Source: FOXBusiness
Reliance Industries Seeks Government OK For Processes To Up Gas Output -Source
"All we want is that the prices should be linked to the market," the executive said. -By Anirban Chowdhury; Dow Jones Newswires; +91-22-61456117; nupur.acharya@dowjones.com
May 26, 2012 at 21:46 | Source: Smart Money

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