RBI: Indian banks complete Basel-III norms before March 2018
NI Wire, Sat, 4 Aug 2012
Reserve Bank of India has set a deadline of March 2018 for Indian banks to complete their conformation to the Basel-III norms.
Spectrum base price set at Rs. 14,000-cr.
NI Wire, Sat, 4 Aug 2012
In a bid to conduct auction for fresh license of 2G spectrum, government of India has fixed the base price of the spectrum
at Rs.14,000 to Rs,15,000-crore band. The Supreme Court last year had cancelled the 122 licences citing it illegal and
ordered the government and telecome regulator to complete the auction process till August 31, 2012.................
CEA Basu forecasts India's economic growth below 6%
NI Wire, Wed, 1 Aug 2012
The Chief Economic Advisor (CEA) of India in the finance ministry Kaushik Basu who is going to retire today estimated that India's growth rate will fall below 6% in the first half of the current fiscal, as against earlier it was expected to remain above 6.5%.........
Bank rate intact, RBI cuts SLR by 1%
NI Wire, Tue, 31 Jul 2012
Analyzing higher inflation rate and worsening economic situation, the Reserve Bank of India, India’s master bank second
time in the line since after June today has made no changes in bank rates except 1% cut in Statuary Liquidity Ratio (SLR) -
the amount of deposits banks park in government bonds - by 1%..........
Bata India announces excellent growth for second quarter of 2012
NI Wire, Thu, 26 Jul 2012
India's leading footwear manufacturer Bata India Limited, today announced its excellent financial results for the second quarter ended June 30, 2012.
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