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Q4 Results for Banks

May 12, 2012 | Vijaya Bank’s net profit grew three-fold during the fourth quarter of the last fiscal, on the back of controlled operating expenses. The bank’s net profit stood at Rs 180.99 crore compared with Rs 54.23 crore in the corresponding quarter the previous fiscal. Bank of India (BOI) has reported a near two-fold […]

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Interest Rate Cut by RBI to Boost Economy

                                                                                                      Apr 17, 2012 The Reserve […]

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BRICS to Setup Joint Development Bank

Emerging nations Brazil, Russia, India, China and South Africa commonly known as BRICS are planning to set up a Joint Development Bank and also take steps to bring together their stock exchanges. The bank will be based on the model of the World Bank.  The Bank will allow the countries to pool resources for infrastructure […]

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CRR cut by RBI

CRR Rate Cut by RBI  India’s central bank, The Reserve Bank of India has announced a reduction in the Cash Reserve Ratio (CRR) by 75 basis points on Mar 09, 2012 to boost the slowing economic growth in the country by improving liquidity.  The 75 bps cut would increase the liquidity by Rs 48,000 in the country’s economy. The additional funds […]

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World Bank offers additional $4.3 billion aid to India

World Bank offers additional $4.3 billion aid to India      International organization, World Bank has offered additional $4.3 billion aid to Indiathrough the International Bank for Reconstruction and Development(IBRD) for funding the poverty alleviation initiatives in the country.      The International Bank for Reconstruction and Development is a unit of the World Bank focused on middle-income lending. India, which is […]

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