Recent days have seen publication of a lot of macro data which doesn’t lead us to optimism. The Central Statistical Organization came with an estimate of GDP growth for fiscal 2013 of 5 percent which...
The reluctance of the RBI to reduce interest rates had primarily been on account of the fact that the government has not moved on the fiscal front to control the level of fiscal deficit and...
The annual report of the Reserve Bank of India for financial year 2011-12 was recently published and is available in the public domain for analysis. Central Bank balance sheets have been under enormous scrutiny since...
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), founded in 2000, has made some progress in its 12 years of existence. However, given the size and scale of the SME sector in...
The RBI has approved Brickwork Ratings as an eligible Credit Rating Agency for bank loans/facilities. In effect, the RBI has accorded Brickwork, the ECAI (External Credit Assessment Institution) status under Basel norms. RBI issued a...
The Reserve Bank of India has asked the promoters of Kotak Mahindra Bank to cut their stake in the bank to 10 per cent from 45 per cent by 2016. While becoming a bank in...
In a quite surprisingly manner, RBI on friday announced a cut of 75 basis points in cash reserve ratio (CRR). This move will release 48ooo cr of liquidity in banking system. The move is welcomed...
New Delhi, February 9, 2012 : The Government of India’s public debt in the September-December quarter increased by 3.2 per cent to Rs 33,82,645 crore over the previous quarter. The outstanding internal debt of the...
Mumbai, December 15, 2011 : The Indian Rupee recovered from the intraday lows on possible RBI intervention.By the time Indian Equity Market closed the rupee was at 53.86 against the dollar, recovering from the intra-day...
Mumbai, December 14, 2011 : The wholesale price index (WPI) for the month of November rose 9.11% from a year earlier, slowing from a 9.73% rise in October. Inflation internals reveals that food inflation stood...
October 09, 2011 – New Delhi, 8 cooperative banks failed in this fiscal so far, resulting in credit insurance company DICGC paying a little over Rs 143 crore to depositors. Out of the eight cooperative...
