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Reserve Bank of India Why you should not borrow against gold now T o make matters worse, gold prices have dipped 13 per cent this year. That means existing borrowers would have to pay up more collateral and dip into their savings and newer borrowers
Indian economic growth probably nudged up in the three months to March from a near four-year low the previous quarter, a Reuters poll showed on Tuesday, suggesting a gradual turnaround from a prolonged slowdown. The median consensus of 37 economists
Allaying confusion of non-resident Indians (NRIs) over obtaining Tax Residency Certificates (TRCs) for those holding Non-Resident Ordinary (NRO) accounts in Indian banks, a banker in the Sultanate clarified that the certificate can be prepared at the
The Reserve Bank of India does not want to ban Indian banks from selling gold coins, in a bid to ensure genuine investment demand does not get throttled, governor Duvvuri Subbarao said on Tuesday, even while the central bank continues to discourage
T he Reserve Bank of India [ Get Quote ] is likely to take steps to address the tight liquidity situation in the banking system, Deputy Governor H.R...The RBI was making an assessment on the liquidity situation, Khan told reporters on the sidelines
T he India-Singapore Comprehensive Economic Cooperation Agreement seems to have reached a blind alley with the Singapore government's insistence on maintaining higher standards for Indian banks operating there and constant refusal to give more market
R oyal Bank of Scotland said it had started the process of consolidating its retail and commercial banking business in India and would close 23 of its 31 branches across the country. The process is expected to be completed by the end of this year.
Bank, India's largest private sector bank, has proposed a pay hike of over 20% to its top management team just months before issue of new bank licences to corporate houses by the Reserve Bank of India. The board of directors have rewarded Chanda
T he Reserve Bank of India [ Get Quote ] plans to allow exporters and importers to rebook and cancel up to 50% of their total hedged exposure from the present cap of 25%, Executive Director G Padmanabhan said a in speech in Singapore on Friday.
World Gold Council Gold smuggling likely to rise 40% this year E arly last year, the government had raised the import duty on gold to four per cent, in two phases. Also, the method of calculating this was changed to ad-valorem. Recently, the Reserve