India poised for strong growth; GDP to rise 7.3% in FY15: OECD
Jun 03, 2015 at 20:25 | Source:
London: India's economic growth is projected to remain "strong and stable" at 7.3 percent in 2015 on the back of revival in investments even as more reforms are needed to reduce uncertainties over taxation norms, Paris-based think tank OECD...
Lenders including SBI cut interest rates after RBI move | Reuters
Jun 02, 2015 at 23:30 | Source:
MUMBAI State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it would cut its base lending rate by 15 basis points to 9.7 percent effective June 8 after the central bank cut its key policy rate for the third time this year.Som...
RBI guv Rajan cautions against hasty overhaul of financial regulation
Jun 02, 2015 at 12:55 | Source:
The governor of the Reserve Bank Of India (RBI) said on Tuesday the finance ministry and the central bank agreed on the need for a separate public debt management office, but cautioned against moving in haste to overhaul financial regulation.In April...
Expert view: RBI may now wait till December for another rate cut
Jun 02, 2015 at 11:46 | Source:
The Reserve Bank of India cut its policy interest rate by a quarter percentage point on Tuesday, easing policy for a third time this year, in a move that was widely expected as policymakers try to put the improving economy on a firmer footing.The Res...