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Last Update: Mon, May 21, 2012 7:36 AM IST (2:06 AM GMT)
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Prime Minister's econ advisor Rangarajan sees India's FY13 growth at 7.5%-8%
New Delhi: India's economy will likely grow 7.5%-8% in the next financial year 2012-13, higher than the 7.1% growth seen for this fiscal, as investments may pick up due to price stability and appropriate policy measures taken by the government, Prime Minister's Economic Advisory Council Chairman C Rangarajan said Wednesday.
India bank stocks plunge on concerns further lending to ailing Kingfisher Airlines will hurt profits
New Delhi: Indian banks' stocks nosedived Wednesday over fears that a reported fresh loan arranged by State Bank of India to the beleaguered private sector carrier Kingfisher Airlines Ltd will further inflate the lenders' provisioning for bad loans and thereby impact profitability.
India's inflation to continue falling; may stay at 5%-6% next fiscal: PM's econ advisor Rangarajan
New Delhi: India's annual headline inflation is expected to continue its downward trend seen since November and remain at around 5%-6% in the next financial year 2012-13 due to the tight monetary policy followed by the central bank, Prime Minister's Economic Advisory Council Chairman C Rangarajan said Wednesday.
Punjab National Bank to raise about Rs 28.64 bln via pref share issue to govt, LIC
New Delhi: India's second largest state-run lender Punjab National Bank Wednesday said it plans to raise around Rs 28.64 billion via preferential allotment of equity shares to the government and the country's largest life insurer Life Insurance Corp of India (LIC).
FinMin Mukherjee says hopeful of meeting Rs 3.92 trillion indirect tax collection target in FY12
New Delhi: India's Finance Minister Pranab Mukherjee Wednesday expressed hope in meeting the budgeted Rs 3.92 trillion indirect tax collection target for the current financial year 2011-12 despite the economic slowdown.
Reserve Bank of India seeks higher bank liquidity on course to meet tighter Basel III needs
New Delhi: The Reserve Bank of India (RBI) has proposed that banks must maintain higher liquid assets in order to prepare themselves for meeting the liquidity requirements under the new Basel III norms, which will come into effect later.
Indian Overseas Bank to raise about Rs 19.77 bln via pref share issue to govt, LIC
New Delhi: State-run lender Indian Overseas Bank Wednesday said it plans to raise around Rs 19.77 billion via preferential allotment of equity shares to the government and the country's largest life insurer Life Insurance Corp of India (LIC).
Allahabad Bank board OKs Rs 10 bln pref share issue to govt, another 5% stake sale to LIC
New Delhi: Indian state-run lender Allahabad Bank Wednesday said that its board of directors has approved preferential allotment of equity shares for raising around Rs 10 billion from the government, and further 5% stake sale to the country's largest life insurer Life Insurance Corp of India (LIC) via a similar route.
RBI to buy Rs 120 bln govt securities via open market operations on Feb 24
New Delhi: The Reserve Bank of India (RBI) will buy government securities worth Rs 120 billion through open market operations on Friday, February 24, 2012, to increase liquidity in the banking system.
Fitch downgrades Dhanlaxmi Bank's subordinated debt rating to BBB- from BBB
New Delhi: Credit rating agency Fitch Ratings has downgraded mid-sized private sector lender Dhanlaxmi Bank's subordinated debt, worth Rs 170 million, to 'BBB-' from 'BBB', citing the bank's weak earnings in the third quarter (Oct-Dec) of the current fiscal year 2011-12 led by mounting expenses.
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State Bank of India is the country's largest banking and financial services company. It is a state-run company, with the Indian government holding 59.4% of its equity stake. The State Bank of Ind ...
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The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accor ...
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Life Insurance Corporation of India (LIC) is an India-based company. The company was established in 1956. It is a state-owned insurance company. The company funds around 24.6% of Indian governmen ...
Read More..Kingfisher Airlines Ltd is an India-based company. It offers scheduled and unscheduled aircraft passenger and cargo services, including charter services. The company also offers three classes of ...
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Punjab National Bank is an India-based company. The company was established in 1895. It is a company started before India attained her independence. Punjab National Bank offers personal banking, ...
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Allahabad Bank is an India-based company. The company was established in 1865. It is a government-controlled financial services company providing banking services. Allahabad Bank was acquired by ...
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Dhanlaxmi Bank Ltd is an India-based company. The company was established in 1927. It is private financial services company providing banking services. Dhanlaxmi Bank Ltd provides personal bankin ...
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Indian Overseas Bank is an India-based company. The company was established in 1937. It is a government-controlled financial services company providing banking services. Indian Overseas Bank has ...
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Contify is a leading content aggregation and an emerging business information company based in India. Launched in April 2009, the company has partnerships with over 280 leading and niche publications of the country, and distributes over 3,000 business news stories to global information databases like Dow Jones Factiva, Thomson Reuters, LexisNexis and Bloomberg on a daily basis.
Contify also has a strong in-house editorial team, which covers information on a range of industry verticals like banking, energy and retail as well as key government policies related to India’s business environment. The company's portfolio of information products is aimed at helping business professionals keep themselves up-to-date with the important news and events in India’s corporate arena.
