PMI shows contraction in Indian manufacturing activity, first time since 2 years
Newsroom24x7 Desk New Delhi : Nikkei’s Manufacturing Purchasing Managers’ Index, compiled by Markit, fell to a 28-month low of 49.1 in December from the earlier value of 50.3 as at […]
WPI and Food prices still do not converge albeit WPI’s decline in Nov
Newsroom24x7 Desk New Delhi : Wholesale prices fell again in Nov, but food prices and indices do not appear to be moving in the same direction yet. India’s wholesale prices […]
RBI keeps repo rates unchanged
Newsroom24x7 Desk Mumbai : The Reserve Bank of India (RBI) kept its key repo lending rate unchanged at 6.75 percent. This announcement came in expected lines as statistics suggested repo […]
Masala Bonds Offer India Firms Funding Diversification
Newsroom24x7 Desk Mumbai/Singapore: The opening of a ‘Masala’ bond market, where Indian firms issue bonds offshore in rupee, will provide an opportunity for some larger issuers to diversify funding sources […]
RBI imposes Monetary Penalty on Krishna Mercantile Co-operative Bank
Newsroom24x7 Desk Mumbai: The Reserve Bank of India has imposed a monetary penalty of Rs. 5 lakh on the Krishna Mercantile Co-operative Bank Ltd. of Bhopal. RBI has imposed the fine on Krishna […]
RBI seeks inputs on converting a UCB into a commercial bank
Newsroom24x7 Desk Mumbai: The High Powered Committee on Urban Co-operative Banks (UCBs) has recommended that the business size of Rs 20,000 crore may be the threshold limit beyond which a […]
Equity shares of Bank of Baroda can be acquired through primary market and stock exchanges
Newsroom24x7 Desk Mumbai: The Reserve Bank of India has notified that the aggregate share holdings by Foreign Institutional Investors (FIIs) – Registered Foreign Portfolios Investors (RFPIs), Non Resident Indians (NRIs) […]
