RBI has announced draft guidelines for higher provisioning requirements while lending to corporates with “unhedged foreign currency exposure”. A quick ...
Twenty six applicants have come forward for setting up banks in India, says the RBI. The exhaustive list: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., ...
We are back up to the Rs. 68 levels (ex-Delhi), which is equivalent to Rs. 75 in Mumbai (and Bangalore). Prices go up because Crude just crossed $100, and the ...
India’s current account deficit (CAD) was just 3.6% of GDP In the Jan-Mar quarter of 2013, said the RBI. The exact deficit was $18.1 billion, which is down ...
Petrol Prices were increased by Rs. 2 on Saturday, and they are still way below the peak rates seen last year. Petrol prices are up 65% since 2007, but much ...
Instead of waiting for a month, MOSPI has decided to revise IIP data twice in the same day. The result: The originally announced 1.95% is now 2.2%. (And a ...
This is an archive for an article I wrote for Pragati, Feb 2013. Opening a bank account, investing in a mutual fund, opening a brokerage account or buying ...
Note: The IIP numbers have been revised to +2.51% in a corrigendum. The Index of Industrial Production (IIP) comes in at a positive 1.95%, which honestly is ...
The RBI is buying bonds yet again! In an effort to push even more money down our gullets – despite having expanded their balance sheet at an average of 16% ...
In a disappointing note, MOSPI tells us that the Q4 GDP growth estimate is 4.78%, one of the lowest we have seen in the last decade. Even in the depths of the ...
