Pinterest • The world’s catalogue of ideas

The Reserve Bank of India (RBI) - India's master bank - Friday released the final guidelines for issuing new bank licences, paving the way for corporate firms to enter the sector. As per the final guidelines, the minimum capital requirement for opening a bank is Rs.500 crore. Foreign shareholding in the new bank is capped at 49 percent.

Pinned from

newstrackindia.com

The Indian bourses jump northward since morning trade after recovering from Wednesday's more than 2% slump when the Reserve bank of India - India's master bank Wednesday evening announced to provide dollars directly to oil marketing companies (OMCs).

Pinned from

newstrackindia.com

The fifth BRICS Summit concluded at Durban with the leaders of Brazil, Russia, India, China and South Africa announcing the formation of a BRICS Development Bank to finance infrastructure projects and to create a USD 100 billion contingency fund to tackle any financial crisis in emerging economies. The decision was taken at the BRICS Summit in Durban, which also launched a Business Council to encourage investment and trade in member countries and to expand business cooperation.

Pinned from

newstrackindia.com

The fifth BRICS Summit concluded at Durban with the leaders of Brazil, Russia, India, China and South Africa announcing the formation of a BRICS Development Bank to finance infrastructure projects and to create a USD 100 billion contingency fund to tackle any financial crisis in emerging economies. The decision was taken at the BRICS Summit in Durban, which also launched a Business Council to encourage investment and trade in member countries and to expand business cooperation.

Pinned from

newstrackindia.com

The fifth BRICS Summit concluded at Durban with the leaders of Brazil, Russia, India, China and South Africa announcing the formation of a BRICS Development Bank to finance infrastructure projects and to create a USD 100 billion contingency fund to tackle any financial crisis in emerging economies. The decision was taken at the BRICS Summit in Durban, which also launched a Business Council to encourage investment and trade in member countries and to expand business cooperation.

Pinned from

newstrackindia.com

The investors who have invested their hard earned money in Public provident Fund (PPF) and various small saving schemes conducted by post office, would now earn lesser benefit as government has announced to cut the given interest rate by 0.1 percent.

Pinned from

newstrackindia.com

Reserve Bank of India has cut Repurchase Rate, or the interest on short-term borrowings by commercial banks from 7.75 percent to 7.5 percent and the Reverse Repurchase Rate, or interest on short-term lending to 6.5 percent against 6.75 percent. Reserve Bank of India (RBI) Governor D. Subbarao took the decision during a mid-quarter review of the monetary policy for the current fiscal on Tuesday. India, Asia's 3rd largest economy is growing at its slowest at around 5% in the fiscal year…

Pinned from

newstrackindia.com

The Reserve Bank of India (RBI) Tuesday left all key policy rates unchanged to support the battered rupee and said the recent liquidity tightening measures will be rolled back when stability returns to the currency markets.

Pinned from

newstrackindia.com

After slumping down due to effect of global meltdown, India is set to grow upwards, predicts World Bank. According to prediction of World Bank, India can grow at 6.4% rate in the financial year (FY) 2013-14 which further can rise to 7.3% in the next fiscal. At present, due to slow down, it seems very difficult for India to achieve its projected growth rate of 5.4% in this fiscal.

Pinned from

newstrackindia.com

IBPS CWE Clerk II Online exam result 2012 has been declared. The announcement of the results has ended the wait of the candidates who had appeared for the online exam held by IBPS on 15th, 16th , 22nd , 23rd , 29th and 30th December 2012.

Pinned from

newstrackindia.com