| New Delhi 31° Min: 28 °C Máx: 41 °C |
Public sector lender IDBI Bank increased its minimum rate of lending or the base rate by 0.5 per cent to 9.50 per cent and benchmark prime lending rate (BPLR) by 0.25 per cent to 14 per cent, a release issued by the bank said. Private sector lender DCB has also announced an upward revision in [...]
With a view to rein in high inflation, the Reserve Bank of India Tuesday raised its key short-term lending and borrowing rates by 0.25 per cent each with immediate effect. The short-term lending (repo) rate has been hiked to 6.50 per cent and the borrowing (reverse repo) to 5.50 per cent, a move that will [...]
The police have estimated the Citibank fraud perpetuated by its Relationship Manager Shivraj Puri at Rs 400 crore, involving accounts of about 29 entities including Hero Group promoters. In a report filed with the city court, the police said that Puri was a “educated and clever person” and had diverted funds of companies and individuals [...]
Washington, Nov 3 (PTI) India and the United States will collaborate in the areas of agricultural innovation, during President Barack Obama’s visit to the country, which will increase food security for Indians and help bring green revolution in Africa, the White House has said. “Agriculture would be one of the main focus areas of the [...]
Hardening its stance on inflation, RBI on Tuesday raised some key policy rates prompting Finance Minister Pranab Mukherjee to caution that it could have some short-term negative impact on growth. The apex bank increased its short-term lending (repo) and borrowing (reverse repo) rates by 25 basis points to 6.25 per cent and 5.25 per cent [...]
The Reserve Bank on Monday hinted at a hike in key rates in its mid-year year policy review on Tuesday, saying that inflation is above the comfort level – an issue which Finance Minister Pranab Mukherjee has taken up with the central bank. The Reserve Bank’s policy stance is likely to be shaped by the dual goals [...]