Tag: Reserve Bank of India

Money laundering: RBI downplays, clean chit to ICICI, HDFC and Axis

Giving a clean chit to three private banks alleged on money laundering, RBI Deputy Governor KC Chakrabarty said there is no systemic scam that has happened in the Cobrapost allegations, reports said. Read more

RBI cuts interest rate by 25 basic points

Offering much before expectations, the Reserve Bank of India on Tuesday cut its short tem lending rate by 0.25 percent, reports said. Read more

RBI to cut repo rates first time in nine months

The Reserve Bank of India (RBI) is expected to cut key rate by 25 basis points in its monetary policy review next week, responding government efforts regarding economic reforms. Read more

Investments slipped 46pct in 2012 Financial Year: RBI

According to the latest reports released by the Reserve Bank of India, RBI, saying that the growth deceleration that started in the last financial year, when GDP growth dipped to a 9-years low of 6.5 percent, has been led primarily by a near 50 percent fall in new investments in large projects.

Under the freshly released statement to the FY12 RBI annual report, “Envisaged total fixed investment by large firms in new projects, which were sanctioned financial assistance during FY12, dropped by a whopping 46% to about Rs 2.1 lakh crore from Rs 3.9 lakh crore a year ago.” Read more

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