The banking industry, which has been reeling under tight liquidity in recent times, has lauded the move by the Reserve Bank of India to cut cash reserve ratio (CRR) by 50 basis points on Monday. The RBI's surprising move will...
NEW DELHI: Inflation eased to its lowest in three months in late September, but economists said sharp revisions to earlier data and persistent price pressures meant there was no room for an interest rate cut. The wholesale...
AFP - India's central bank injected liquidity into the financial system by cutting the amount of cash commercial banks must hold in reserve, citing "a sharp deterioration" in the world financial situation.
Posted to the web 6 October 2008 Beatric Wanja Kampala The Rapid Response Unit of police has arrested five people in connection with the robbery Shs320m from Bank of Baroda. The four were arrested in Kasese and Kampala...
Fears of the US-led financial crisis cascading to other countries, particularly Europe, turned markets on both sides of the sub-continent in spots of red. Rajendra Palande and Gaurav Choudhury report.
Bangalore: The downpour on Sunday came as a bit of a spirit-dampener for the Association of People with Disability (APD), but eventually culminated into a fun-filled day dressed in colour. Part of APD’s golden jubilee...
4 Oct 2008, 0144 hrs IST, Nimish Shukla,TNN AHMEDABAD: Anand Patel, a hotelier in New Jersey who hails from Nadiad, has just called up his brother Dilip to find out more about NRI deposits in Indian banks. Anand told him he...
3 Oct 2008, 0428 hrs IST, Avijit Ghosh & Falguni Banerjee,TNN For the young men of Badaberi village, Durga Puja always meant a fortnight of running around. It’s been over a month since work was suspended at Tata’s Nano plant....
For the young men of Badaberi village, Durga Puja always meant a fortnight of running around. Coaxing donations out of the reluctant, rehearsing for plays like Sonar Horin (The Golden Deer) and get...
Even as the world financial markets have seen either the total disappearance or the loss of positions of top banks and financial institutions due to ongoing subprime crisis, it is now time for the Indian state owned banks and...