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The curious case of Nabard boss who ignored clear conflicts of interest

Sep 05, 2015 at 08:25 | Source: FirstPost

Prakash Bakshi, a former chairman of the National Bank for Agriculture and Rural Development (Nabard), who faces charges of financial impropriety and giving unusual preference for financing rich corporates over poor farmers, has curiously gone an ext...

Chinese yuan seen depreciating further; rupee to remain stable: Reuters poll| Reuters

Sep 05, 2015 at 01:45 | Source: FirstPost

BENGALURU The Chinese yuan will weaken further over the next 12 months as policymakers ramp up efforts to support the economy through further stimulus or another currency devaluation, a Reuters poll found.The People's Bank of China sent shockwaves th...

The curious case of the Nabard boss who ignored clear conflicts of interest

Sep 04, 2015 at 14:51 | Source: FirstPost

Prakash Bakshi, a former chairman of the National Bank for Agriculture and Rural Development (Nabard), who faces charges of financial impropriety and giving unusual preference for financing rich corporates over poor farmers, has curiously gone an ext...

Sri Lanka central bank says will float rupee from Friday - market sources| Reuters

Sep 03, 2015 at 23:15 | Source: FirstPost

COLOMBO The Sri Lankan central bank will allow the rupee to float from Friday by not quoting a specific level in the market, the bank has told currency dealers, according to sources who had knowledge of their meeting."The official said the centr...

RBI to issue Rs 5 coin on golden jubilee of 1965 Indo-Pak war

Sep 03, 2015 at 22:20 | Source: FirstPost

Mumbai: The Reserve Bank of India will shortly put into circulation Rs 5 coins to commemorate golden jubilee of Indo-Pak War 1965."The coins will be legal tender as provided in The Coinage Act 2011. Existing coins in this denomination will also ...

Infosys Finacle launches solutions for payments banks and small finance banks

Sep 02, 2015 at 16:50 | Source: FirstPost

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, announced the launch of its Finacle Payments Bank and Finacle Small Finance Bank solutions for the India market. These solutions are specifically tailored for organizations ...

June quarter GDP at 7%: India is still fastest growing but numbers reveal growth pangs

Sep 01, 2015 at 11:46 | Source: FirstPost

One shouldnt get over pessimistic about the slower-than-expected growth, since even at 7 percent growth India is still the worlds fastest growing major economy. Also, the countrys chances to emerge stronger from the current slowdown phase are brighte...

June quarter GDP: No reason to be too pessimistic, but there is more pain left

Sep 01, 2015 at 10:55 | Source: FirstPost

One shouldnt get over pessimistic about the slower-than-expected growth, since even at 7 percent growth India is still worlds fastest growing major economy in the world. Also, the countrys chances to emerge stronger from the current slowdown phase ar...

SBI and ICICI Bank systemically important banks, get tighter RBI supervision

Sep 01, 2015 at 09:17 | Source: FirstPost

Mumbai - The RBI has identified state-owned SBI and private sector ICICI Bank as systemically important banks and subjected them to higher levels of supervision to preventdisruption to financial services in event of any failure."The Reserve Bank...

Charts: Q1 GDP growth slows to 7%; call for RBI rate cuts gets shriller

Sep 01, 2015 at 08:00 | Source: FirstPost

By Rajesh Pandathil and Kishor KadamIndia's economy grew 7 percent during the first quarter of the current financial year, slower than 7.5 percent in the previous quarter but faster than 6.7 percent in the year-ago quarter.The growth is lower than ex...

GDP growth slumps to 7% in Q1: 5 charts that explain the slowdown

Sep 01, 2015 at 07:22 | Source: FirstPost

By Rajesh Pandathil and Kishor KadamIndia's economy grew 7 percent during the first quarter of the current financial year, slower than 7.5 percent in the previous quarter but faster than 6.7 percent in the year-ago quarter.The growth is lower than ex...

GDP growth slumps to 7% in Q1: 5 graphics that explain the slowdown

Aug 31, 2015 at 20:15 | Source: FirstPost

By Rajesh Pandathil and Kishor KadamIndia's economy grew 7 percent during the first quarter of the current financial year, slower than 7.5 percent in the previous quarter but faster than 6.7 percent in the year-ago quarter.The growth is lower than ex...

Charts: At 7%, Q1 GDP throws up a negative surprise; RBI rate cuts imminent?

Aug 31, 2015 at 20:15 | Source: FirstPost

By Rajesh Pandathil and Kishor KadamIndia's economy grew 7 percent during the first quarter of the current financial year, slower than 7.5 percent in the previous quarter but faster than 6.7 percent in the year-ago quarter.The growth is lower than ex...

Govt plans to amend RBI Act by Feb to set up monetary panel, says Mehrishi

Aug 31, 2015 at 15:49 | Source: FirstPost

New Delhi: The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country's monetary policy, former finance and now new home secretary Rajiv Mehrishi told Reuters....

Bad politics, short-sightedness spoiling Modi govt's economic reform agenda

Aug 31, 2015 at 14:28 | Source: FirstPost

The decision of the Narendra Modi government to let the land acquisition ordinance lapse on 31 August is the latest, and perhaps the most critical, instance where the NDA government has eaten own words on the reform path after making high-profile ann...

The bright spot: Indian economy offers hope as China struggles

Aug 31, 2015 at 09:22 | Source: FirstPost

For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.Th...

RBI chief Rajan - We have not called an end to rate cuts: CNBC| Reuters

Aug 29, 2015 at 05:30 | Source: FirstPost

WASHINGTON India's central bank has not said it is done with interest rate cuts and will keep a close eye on incoming data, Reserve Bank of India (RBI) Governor Raghuram Rajan said on Friday."We'll look at the data as it comes in and take a furt...

BSE to auction investment limits for Rs 561 cr govt bonds

Aug 28, 2015 at 21:34 | Source: FirstPost

New Delhi: Leading bourse BSE will auction, on Monday, investment limits for foreign investors to buy government debt securities worth Rs 561 crore.The auction will be conducted on BSE's ebid exchange platform from 1530 hours to 1730 hours after clos...

Rajan's right: Govt should compensate PSBs, not use them as extended arms

Aug 28, 2015 at 13:59 | Source: FirstPost

Mumbai: Reserve Bank of India (RBI) governor, Raghuram Rajan, has often invited criticism in the past for his blunt comments on politically sensitive topics such as Prime Minister Narendra Modi's 'Make in India initiative' and the NDA government's ro...

Staying focused: RBI to bring down inflation to 4% by March 2018

Aug 28, 2015 at 11:32 | Source: FirstPost

Mumbai: The Reserve Bank of India (RBI) remains focused on bringing down consumer inflation to its target of 4 percent by March 2018, supporting an economy growing below potential, and ensuring banks pass on rate cuts, according to its annual report ...

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